Primerica Financials
This page shows Primerica (PRI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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.
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.
Cash & Balance Sheet
Primerica held $756.2M in cash against $0 in long-term debt as of fiscal year 2025.
Primerica paid $4.16 per share in dividends in fiscal year 2025. This represents an increase of 26.1% from the prior year.
Primerica had 32M shares outstanding in fiscal year 2025. This represents a decrease of 4.8% from the prior year.
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.
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.
PRI Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $872.7M+2.2% | $853.7M+1.6% | $839.9M+5.9% | $793.3M-1.4% | $804.8M+2.1% | $788.1M+1.8% | $774.1M-2.1% | $791.0M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $15.7M |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $5.9M-1.8% | $6.0M-0.3% | $6.0M-0.3% | $6.0M-0.1% | $6.0M | N/A | $6.1M-0.1% | $6.1M |
| Income Tax | $59.3M+18.6% | $50.0M-22.9% | $64.9M+15.6% | $56.2M+7.4% | $52.3M+2.8% | $50.8M-15.0% | $59.8M-5.7% | $63.5M |
| Net Income | $190.1M-3.5% | $197.0M-4.7% | $206.8M+16.0% | $178.3M+5.5% | $169.1M+1.2% | $167.1M+1.6% | $164.4M+13937.0% | $1.2M |
| EPS (Diluted) | $5.97 | N/A | $6.35+17.6% | $5.40+6.9% | $5.05+1.8% | $4.96+2.7% | $4.83+16000.0% | $0.03 |
PRI Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $14.7B-2.2% | $15.0B+1.1% | $14.8B+0.1% | $14.8B+1.7% | $14.6B0.0% | $14.6B-1.6% | $14.8B+1.7% | $14.6B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $645.8M-14.6% | $756.2M+17.3% | $644.9M+3.8% | $621.2M-0.6% | $625.1M-9.1% | $687.8M+25.0% | $550.1M-12.3% | $627.3M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 |
| Total Liabilities | $12.2B-3.3% | $12.6B+0.1% | $12.6B+0.2% | $12.5B+1.5% | $12.3B+0.1% | $12.3B-4.2% | $12.9B+3.4% | $12.4B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $2.5B+3.0% | $2.4B+6.5% | $2.3B-0.5% | $2.3B+2.3% | $2.3B-0.1% | $2.3B+16.0% | $1.9B-8.2% | $2.1B |
| Retained Earnings | $2.4B+1.0% | $2.4B+4.2% | $2.3B+2.1% | $2.3B+0.8% | $2.3B+1.0% | $2.2B+4.7% | $2.1B+0.4% | $2.1B |
PRI Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $156.8M-53.6% | $338.2M+66.7% | $202.9M+24.8% | $162.6M-17.7% | $197.5M-27.0% | $270.6M+30.6% | $207.3M+19.6% | $173.3M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$87.4M+27.0% | -$119.8M-680.7% | -$15.3M-792.4% | -$1.7M+98.3% | -$98.8M-94.9% | -$50.7M+59.5% | -$125.1M-520.0% | $29.8M |
| Financing Cash Flow | -$179.2M-65.9% | -$108.0M+33.7% | -$162.9M+2.6% | -$167.3M-3.6% | -$161.4M-103.4% | -$79.4M+50.5% | -$160.2M+5.0% | -$168.6M |
| Dividends Paid | $38.1M-77.4% | $168.9M+399.5% | $33.8M-1.1% | $34.2M-1.5% | $34.7M-83.3% | $207.4M+579.6% | $30.5M+18.1% | $25.8M |
| Share Buybacks | $135.0M+92.7% | $70.1M-45.7% | $129.0M-3.0% | $133.0M+12.7% | $118.0M+165.8% | $44.4M-65.5% | $128.8M-9.7% | $142.7M |
PRI Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 21.8%-1.3pp | 23.1%-1.5pp | 24.6%+2.1pp | 22.5%+1.5pp | 21.0%-0.2pp | 21.2%-0.0pp | 21.2%+21.1pp | 0.1% |
| Return on Equity | 7.5%-0.5pp | 8.1%-0.9pp | 9.0%+1.3pp | 7.7%+0.2pp | 7.5%+0.1pp | 7.4%-1.0pp | 8.4%+8.4pp | 0.1% |
| Return on Assets | 1.3%-0.0pp | 1.3%-0.1pp | 1.4%+0.2pp | 1.2%+0.0pp | 1.2%0.0pp | 1.1%+0.0pp | 1.1%+1.1pp | 0.0% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 4.82-0.3 | 5.14-0.3 | 5.47+0.0 | 5.43-0.0 | 5.47+0.0 | 5.46-1.2 | 6.61+0.7 | 5.86 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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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 43 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.