Primerica Financials
Primerica (PRI) reported $3.3B in revenue for fiscal year 2025, up 6.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Cash conversion and steady share retirement are making Primerica's per-share economics outrun its reported scale.
Across FY2023-FY2025, operating cash flow exceeded net income each year, so shareholder payouts were financed mainly by internal cash rather than balance-sheet strain. In FY2025, even after about$722M of buybacks and dividends, cash still ended higher at$756M , which points to high earnings quality and a business that throws off cash faster than accrual profit alone suggests.
Per-share growth got help from capital allocation, not just better operations: shares outstanding fell from 34.8M to 31.7M over the last three fiscal years. That means each remaining share now claims a larger slice of the earnings base, helping explain why EPS can compound faster than companywide profit.
The balance sheet is still liability-heavy, with FY2025 equity of
Financial Health Signals
Scored against insurers for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Primerica's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Primerica, and counted as zero in the overall score.
Primerica passes 6 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 1 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Primerica generates $1.20 in operating cash flow ($901.2M OCF vs $751.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Primerica generated $3.3B in revenue in fiscal year 2025. This represents an increase of 6.6% from the prior year.
Primerica reported $751.2M in net income in fiscal year 2025. This represents an increase of 59.7% from the prior year.
Primerica earned $22.91 per diluted share (EPS) in fiscal year 2025. This represents an increase of 67.1% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Primerica held $756.2M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Primerica paid $4.16 per share in dividends in fiscal year 2025. This represents an increase of 26.1% from the prior year.
Not reported for fiscal year 2025.
Margins & Returns
Primerica's net profit margin was 22.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 7.6 percentage points from the prior year.
Primerica's ROE was 30.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 9.9 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Primerica spent $450.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 5.9% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
PRI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.4B | $3.3B+6.6% | $3.1B+12.4% | $2.7B+3.4% | $2.7B-1.9% | $2.7B+22.2% | $2.2B+8.0% | $2.1B+8.0% | $1.9B+12.5% | $1.7B+11.2% | $1.5B+8.2% | $1.4B+5.0% | $1.3B+8.8% | $1.2B+6.5% | $1.2B+4.6% | $1.1B |
| Cost of Revenue | N/A | N/A | N/A | $55.2M-19.3% | $68.4M+29.6% | $52.8M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $23.6M | $24.0M-4.3% | $25.0M-5.9% | $26.6M-2.4% | $27.2M-11.0% | $30.6M+6.2% | $28.8M+0.1% | $28.8M0.0% | $28.8M+1.1% | $28.5M-0.7% | $28.7M-14.4% | $33.5M-3.1% | $34.6M-1.3% | $35.0M+5.8% | $33.1M+18.4% | $28.0M |
| Income Tax | $230.2M | $223.3M+1.9% | $219.1M+21.4% | $180.6M+10.1% | $163.9M-2.1% | $167.5M+39.0% | $120.6M+8.9% | $110.7M+20.4% | $92.0M+214.3% | $29.3M-75.2% | $118.2M+16.9% | $101.1M+5.4% | $95.9M+11.1% | $86.3M-7.0% | $92.8M+7.0% | $86.7M |
| Net Income | $796.2M | $751.2M+59.7% | $470.5M-18.4% | $576.6M+22.1% | $472.1M-1.1% | $477.4M+23.6% | $386.2M+5.4% | $366.4M+13.1% | $324.1M-7.5% | $350.3M+59.6% | $219.4M+15.6% | $189.9M+4.7% | $181.4M+11.5% | $162.7M-6.4% | $173.8M+10.6% | $157.2M |
| EPS (Diluted) | — | $22.91+67.1% | $13.71-14.0% | $15.94+29.3% | $12.33+2.8% | $11.99+25.3% | $9.57+11.0% | $8.62+17.6% | $7.33-3.7% | $7.61+65.8% | $4.59+24.1% | $3.70+12.5% | $3.29+16.3% | $2.83+4.4% | $2.71+30.3% | $2.08 |
Not reported in any period shown, so not listed: Gross Profit, R&D Expenses, SG&A Expenses, Operating Income.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
PRI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $15.0B+3.0% | $14.6B-3.0% | $15.0B+2.6% | $14.6B-9.6% | $16.2B+8.7% | $14.9B+8.9% | $13.7B+8.7% | $12.6B+1.1% | $12.5B+8.9% | $11.4B+7.8% | $10.6B-1.2% | $10.7B+3.9% | $10.3B-0.1% | $10.3B+4.9% | $9.9B |
| Cash & Equivalents | $756.2M+9.9% | $687.8M+15.8% | $594.1M+21.4% | $489.2M+24.6% | $392.5M-28.3% | $547.6M+113.2% | $256.9M-2.0% | $262.1M-6.4% | $280.0M+32.1% | $212.0M+39.2% | $152.3M-20.7% | $192.0M+28.9% | $149.0M+32.8% | $112.2M-17.5% | $136.1M |
| Goodwill | N/A | N/A | $127.7M0.0% | $127.7M-28.7% | $179.2M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $12.6B+2.0% | $12.3B-4.9% | $13.0B+2.8% | $12.6B-10.1% | $14.0B+7.4% | $13.1B+8.6% | $12.0B+8.1% | $11.1B+0.8% | $11.0B+8.1% | $10.2B+8.0% | $9.5B-0.3% | $9.5B+4.2% | $9.1B+0.5% | $9.1B+6.3% | $8.5B |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $374.4M+24.8% | $300.0M |
| Total Equity | $2.4B+8.3% | $2.3B+9.3% | $2.1B+1.7% | $2.0B+119.5% | $925.4M-49.6% | $1.8B+11.1% | $1.7B+13.1% | $1.5B+3.0% | $1.4B+16.2% | $1.2B+6.6% | $1.1B-8.0% | $1.2B+1.9% | $1.2B-4.2% | $1.3B-3.9% | $1.3B |
| Retained Earnings | $2.4B+8.3% | $2.2B-2.0% | $2.3B+5.7% | $2.2B+7.4% | $2.0B+17.5% | $1.7B+7.1% | $1.6B+7.0% | $1.5B+8.3% | $1.4B+20.7% | $1.1B+19.5% | $952.8M+19.7% | $795.7M+24.2% | $640.8M+27.4% | $503.2M+46.2% | $344.1M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities.
PRI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $891.7M | $901.2M+4.5% | $862.1M+24.5% | $692.5M-8.6% | $757.7M+15.3% | $657.0M+2.1% | $643.4M+32.5% | $485.5M+1.6% | $478.1M+22.1% | $391.5M+33.0% | $294.4M+13.6% | $259.1M+9.2% | $237.3M+26.4% | $187.7M+51.0% | $124.3M+42.6% | $87.2M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $3.9M |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $83.3M |
| Investing Cash Flow | -$284.1M | -$235.6M-1.4% | -$232.3M-157.9% | -$90.1M+55.0% | -$200.0M+78.3% | -$923.4M-1625.0% | -$53.5M+73.5% | -$201.9M+13.3% | -$232.8M-77.3% | -$131.3M-174.0% | -$47.9M+18.0% | -$58.5M-273.7% | -$15.6M-144.1% | $35.5M-43.0% | $62.3M-51.6% | $128.7M |
| Financing Cash Flow | -$627.1M | -$599.6M-8.8% | -$551.1M-14.9% | -$479.6M-4.8% | -$457.9M-524.0% | $108.0M+135.8% | -$301.8M-4.0% | -$290.1M-11.2% | -$261.0M-34.9% | -$193.5M-3.2% | -$187.4M+20.3% | -$235.3M-33.8% | -$175.9M+4.9% | -$184.9M+12.4% | -$211.1M-2.2% | -$206.6M |
| Dividends Paid | $278.4M | $271.7M-6.3% | $290.0M-12.1% | $330.0M+29.4% | $255.0M+241.7% | $74.6M+16.0% | $64.3M+11.7% | $57.6M+30.6% | $44.1M+23.2% | $35.8M+7.4% | $33.4M+1.7% | $32.8M+23.7% | $26.5M+5.8% | $25.1M+70.0% | $14.7M+101.5% | $7.3M |
| Share Buybacks | $473.2M | $450.0M+5.9% | $425.0M+13.3% | $375.1M+5.3% | $356.3M+1800.2% | $18.8M-91.9% | $231.4M+2.8% | $225.0M+7.1% | $210.1M+40.1% | $150.0M0.0% | $150.1M-25.0% | $200.1M+35.3% | $147.9M+71.4% | $86.3M-66.5% | $257.6M+26.2% | $204.1M |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
PRI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 22.8%+7.6pp | 15.2%-5.8pp | 21.0%+3.2pp | 17.8%+0.1pp | 17.6%+0.2pp | 17.4%-0.4pp | 17.8%+0.8pp | 17.1%-3.7pp | 20.7%+6.3pp | 14.4%+0.9pp | 13.5%-0.1pp | 13.6%+0.3pp | 13.2%-1.8pp | 15.1%+0.8pp | 14.2% |
| Return on Equity | 30.7%+9.9pp | 20.8%-7.1pp | 27.9%+4.7pp | 23.2%-28.3pp | 51.6%+30.6pp | 21.0%-1.1pp | 22.2%0.0pp | 22.2%-2.5pp | 24.7%+6.7pp | 18.0%+1.4pp | 16.6%+2.0pp | 14.6%+1.2pp | 13.3%-0.3pp | 13.6%+1.8pp | 11.8% |
| Return on Assets | 5.0%+1.8pp | 3.2%-0.6pp | 3.8%+0.6pp | 3.2%+0.3pp | 2.9%+0.4pp | 2.6%-0.1pp | 2.7%+0.1pp | 2.6%-0.2pp | 2.8%+0.9pp | 1.9%+0.1pp | 1.8%+0.1pp | 1.7%+0.1pp | 1.6%-0.1pp | 1.7%+0.1pp | 1.6% |
| Debt-to-Equity | 5.14-0.3x | 5.46-0.8x | 6.27+0.1x | 6.21-9.0x | 15.16+8.0x | 7.12-0.2x | 7.28-0.3x | 7.62-0.2x | 7.78-0.6x | 8.37+0.1x | 8.26+0.6x | 7.62+0.2x | 7.45+7.2x | 0.29+0.1x | 0.23 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 7.5% |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
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Where Primerica Ranks
Frequently Asked Questions
What is Primerica's annual revenue?
Primerica (PRI) reported $3.3B in total revenue for fiscal year 2025. This represents a 6.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Primerica's revenue growing?
Primerica (PRI) revenue grew by 6.6% year-over-year, from $3.1B to $3.3B in fiscal year 2025.
Is Primerica profitable?
Yes, Primerica (PRI) reported a net income of $751.2M in fiscal year 2025, with a net profit margin of 22.8%.
What is Primerica's net profit margin?
Primerica (PRI) had a net profit margin of 22.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Primerica pay dividends?
Yes, Primerica (PRI) paid $4.16 per share in dividends during fiscal year 2025.
What is Primerica's return on equity (ROE)?
Primerica (PRI) has a return on equity of 30.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Primerica's operating cash flow?
Primerica (PRI) generated $901.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Primerica's total assets?
Primerica (PRI) had $15.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Primerica's debt-to-equity ratio?
Primerica (PRI) had a debt-to-equity ratio of 5.14 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Primerica's return on assets (ROA)?
Primerica (PRI) had a return on assets of 5.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Primerica's Piotroski F-Score?
Primerica (PRI) has a Piotroski F-Score of 6 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Primerica's earnings high quality?
Primerica (PRI) has an earnings quality ratio of 1.20x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Primerica?
Primerica (PRI) scores 45 out of 100 on our Financial Health Score, indicating moderate standing within its insurers peer group. The score is a 0-100 composite of six dimensions (Loss Ratio, Premium Growth, Capital, Investment Yield, Combined Ratio, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.