Record Q1 2026 results for Primerica (NYSE: PRI) driven by ISP growth

Rhea-AI Filing Summary

Primerica, Inc. reported strong first quarter 2026 results, showing broad-based growth and record performance in its investment business. Total revenues reached $872.7 million, up 8% from the prior year, while net income rose 12% to $190.1 million.

Diluted earnings per share increased 18% to $5.97. On a non-GAAP basis, adjusted operating revenues were $872.3 million, up 9%, and adjusted net operating income was $189.8 million, up 13%. Diluted adjusted operating EPS grew 19% to $5.96, highlighting strong underlying profitability.

The Investment and Savings Products segment was a key growth driver, with record product sales of $4.3 billion, up 22%, and average client asset values of $129.9 billion, up 15%. Term Life revenues increased 1%, supported by 4% growth in adjusted direct premiums and a 22.5% operating margin.

Primerica returned capital to shareholders with $135 million of share repurchases and a $1.20 per-share dividend declared for payment on June 12, 2026. The life subsidiary’s estimated statutory RBC ratio of 430% underscores solid capital strength.

Positive

• Double-digit bottom-line growth: Net income rose 12% to $190.1 million and diluted adjusted operating EPS increased 19% to $5.96, reflecting stronger profitability.
• Record ISP sales and asset growth: Investment and Savings Products sales reached a record $4.3 billion, up 22%, while average client asset values grew 15% to $129.9 billion.
• Robust capital return and strength: Primerica repurchased $135 million of common stock, declared a $1.20 dividend per share, and reported an estimated 430% statutory RBC ratio.

Negative

• None.

Insights

Equity research analyst

Primerica delivered double-digit earnings growth with record ISP sales and robust capital.

Primerica posted Q1 2026 revenue of $872.7M, up 8% year over year, with net income up 12% to $190.1M. Earnings quality looks solid as adjusted operating revenues grew 9% and diluted adjusted operating EPS rose 19% to $5.96.

Performance was driven by the Investment and Savings Products segment, where product sales increased 22% to $4.3B and revenues climbed 21% to $350.6M. Term Life contributed steady growth with adjusted direct premiums up 4% and an operating margin of 22.5%, supported by a slightly lower benefits and claims ratio.

Capital deployment was meaningful: the company repurchased $135M of stock and declared a $1.20 dividend per share. An estimated RBC ratio of 430% and debt-to-capital of about 19% indicate a conservative balance sheet. Future disclosures in company filings may clarify whether recruiting softness in the life-licensed sales force materially affects longer-term growth.

8-K Event Classification

3 items: 2.02, 7.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Total revenues: $872.7 million Net income: $190.1 million Diluted EPS: $5.97 +5 more

8 metrics

Total revenues $872.7 million Quarter ended March 31, 2026; up 8% year over year

Net income $190.1 million Quarter ended March 31, 2026; up 12% year over year

Diluted EPS $5.97 Quarter ended March 31, 2026; up 18% year over year

Diluted adjusted operating EPS $5.96 Quarter ended March 31, 2026; up 19% year over year

ISP product sales $4.3 billion Investment and Savings Products sales in Q1 2026; up 22%

Average client asset values $129.9 billion Investment and Savings Products average client assets in Q1 2026; up 15%

Term Life adjusted direct premiums $687.6 million Q1 2026; up 4% year over year

Share repurchases $135 million Common stock repurchased during Q1 2026

Key Terms

adjusted operating revenues, adjusted net operating income, diluted adjusted operating earnings per share, deferred policy acquisition costs, +2 more

6 terms

adjusted operating revenues financial

"Adjusted operating revenues of $872.3 million increased 9% compared to the first quarter of 2025."

adjusted net operating income financial

"Adjusted net operating income of $189.8 million increased 13%, while adjusted operating earnings per diluted share of $5.96 increased 19%."

Adjusted net operating income is the profit a company earns from its core business after removing or smoothing one-time events, unusual charges, and non-operating items so the number shows recurring performance. Investors care because it aims to reveal the business’s steady cash-generating ability—like looking at a car’s running cost after ignoring a single flat tire—to judge sustainable profitability and compare performance across periods or peers.

diluted adjusted operating earnings per share financial

"Diluted adjusted operating earnings per share of $5.96 increased 19% compared to the prior year period."

deferred policy acquisition costs financial

"Amortization of deferred policy acquisition costs was $84.3 million in the first quarter of 2026."

Deferred policy acquisition costs are upfront sales and onboarding expenses — such as commissions and underwriting costs — that an insurer records as an asset and then spreads out over the life of the insurance policies as the company earns premiums. For investors, these costs matter because how quickly they are written off affects reported profits and the apparent health of an insurer’s balance sheet, similar to spreading the cost of a season ticket over the months you use it.

risk-based capital (RBC) ratio financial

"Primerica Life Insurance Company's statutory risk-based capital (RBC) ratio was estimated to be 430% as of March 31, 2026."

A risk-based capital (RBC) ratio measures an insurer’s available capital against the minimum capital regulators require after accounting for the types and amounts of risks the company faces; it is expressed as a percentage. Investors use it like a “safety cushion” gauge: a higher ratio means the company is better positioned to absorb unexpected losses and less likely to face regulatory restrictions, while a low ratio can signal heightened solvency risk and potential impact on returns.

IPO coinsurance transactions financial

"Adjusted direct premiums and other ceded premiums are net of amounts ceded under coinsurance transactions that were executed concurrent with our initial public offering (the IPO coinsurance transactions)."

Earnings Snapshot

Total revenues: $872.7 million

Q1 2026

Total revenues $872.7 million +8% year over year

Net income $190.1 million +12% year over year

Diluted EPS $5.97 +18% year over year

Adjusted operating revenues $872.3 million +9% year over year

Adjusted net operating income $189.8 million +13% year over year

Diluted adjusted operating EPS $5.96 +19% year over year

Understanding 8-K Material Events →

0001475922false00014759222026-05-062026-05-06

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

DATE OF REPORT (Date of earliest event reported): May 6, 2026

Primerica, Inc.

(Exact Name of Registrant as Specified in Its Charter)

Delaware			001-34680		27-1204330
(State or other jurisdiction of incorporation)			(Commission File Number)		(IRS Employer Identification No.)
			1 Primerica Parkway Duluth, Georgia 30099
	(Address of Principal Executive Offices, and Zip Code)

(770) 381-1000

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock	PRI	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On May 6, 2026, Primerica, Inc. (the “Company”) announced its results of operations for the quarter ended March 31, 2026. A copy of the press release is attached hereto as Exhibit 99.1.

The information provided pursuant to this Item 2.02, including Exhibit 99.1 in Item 9.01, is “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such section, and shall not be incorporated by reference in any filing made by the Company under the Exchange Act or the Securities Act of 1933, as amended (the “Securities Act”), except to the extent expressly set forth by specific reference in any such filings.

Use of Non-GAAP Financial Measures.

In addition to reporting financial results in accordance with U.S. generally accepted accounting principles (“GAAP”), the Company presents certain non-GAAP financial measures. Specifically, the Company presents adjusted direct premiums, other ceded premiums, adjusted operating revenues, adjusted operating income before income taxes, adjusted net operating income, diluted adjusted operating earnings per share and adjusted stockholders’ equity.

Adjusted direct premiums and other ceded premiums are net of amounts ceded under coinsurance transactions that were executed concurrent with our initial public offering (the “IPO coinsurance transactions”) for all periods presented. We exclude amounts ceded under the IPO coinsurance transactions in measuring adjusted direct premiums and other ceded premiums to present meaningful comparisons of the actual premiums economically maintained by the Company. Amounts ceded under the IPO coinsurance transactions will continue to decline over time as policies terminate within this block of business.

Adjusted operating revenues, adjusted operating income before income taxes, adjusted net operating income and diluted adjusted operating earnings per share exclude the impact of investment gains (losses), including credit impairments, and fair value mark-to-market (“MTM”) investment adjustments for all periods presented. We exclude investment gains (losses), including credit impairments, and MTM investment adjustments in measuring these non-GAAP financial measures to eliminate period-over-period fluctuations that may obscure comparisons of operating results due to items such as the timing of recognizing gains (losses) and market pricing variations prior to an invested asset’s maturity or sale that are not directly associated with the Company’s insurance operations.

Adjusted stockholders’ equity excludes the impact of net unrealized investment gains (losses) recorded in accumulated other comprehensive income (loss) for all periods presented. We exclude unrealized investment gains (losses) in measuring adjusted stockholders’ equity as unrealized gains (losses) from the Company’s available-for-sale securities are largely caused by market movements in interest rates and credit spreads that do not necessarily correlate with the cash flows we will ultimately realize when an available-for-sale security matures or is sold. Adjusted stockholders’ equity also excludes the difference in future policy benefits calculated using the current discount rate and future policy benefits calculated using the locked-in discount rate at contract issuance recognized in accumulated other comprehensive income (loss). We exclude the impact from the difference in the discount rate in measuring adjusted stockholders' equity as such difference is caused by market movements in interest rates that are not permanent and may not align with the cash flows we will ultimately incur when policy benefits are settled.

Our definitions of these non-GAAP financial measures may differ from the definitions of similar measures used by other companies. Management uses these non-GAAP financial measures in making financial, operating and planning decisions and in evaluating the Company’s performance. Furthermore, management believes that these non-GAAP financial measures may provide users with additional

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meaningful comparisons between current results and results of prior periods as they are expected to be reflective of the core ongoing business. These measures have limitations and users should not consider them in isolation or as a substitute for analysis of the Company’s results as reported under GAAP.

Reconciliations of GAAP to non-GAAP financial measures are included as attachments to the press release which has been posted in the “Investor Relations” section of our website at https://investors.primerica.com.

Item 7.01 Regulation FD Disclosure.

On May 6, 2026, the Company posted to the “Investor Relations” section of its website certain supplemental financial information relating to the quarter ended March 31, 2026. A copy of the supplemental financial information is attached hereto as Exhibit 99.2.

The information provided pursuant to this Item 7.01, including Exhibit 99.2 in Item 9.01, is “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of such section, and shall not be incorporated by reference in any filing made by the Company under the Exchange Act or the Securities Act, except to the extent expressly set forth by specific reference in any such filings.

Item 9.01.		Financial Statements and Exhibits.
(d) Exhibits.
99.1		Press Release dated May 6, 2026 – Primerica Reports First Quarter 2026 Results
99.2		Primerica, Inc. Supplemental Financial Information – First Quarter 2026
104		Cover Page from this Current Report on Form 8-K, formatted in Inline XBRL

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: May 6, 2026		PRIMERICA, INC.
		/s/ Tracy Tan
		Tracy Tan
		Executive Vice President and Chief Financial Officer

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PRIMERICA REPORTS FIRST QUARTER 2026 RESULTS

Record Investment and Savings Products (ISP) sales of $4.3 billion, up 22%

ISP client asset values ended the quarter at $127 billion, up 15%

Life-licensed sales force totaled 149,732 at March 31, 2026

Net premiums increased 2%; adjusted direct premiums increased 4%

Net earnings per diluted share (EPS) of $5.97 increased 18%; return on stockholders’ equity (ROE) of 30.6%

Diluted adjusted operating EPS of $5.96 increased 19%; adjusted net operating income return on adjusted stockholders’ equity (ROAE) of 31.5%

Repurchases of $135 million of common stock during the quarter;

declared dividend of $1.20 per share payable on June 12, 2026

Duluth, GA, May 6, 2026 – Primerica, Inc. (NYSE: PRI) reported financial results for the quarter ended March 31, 2026. Total revenues of $872.7 million increased 8% compared to the first quarter of 2025. Net income of $190.1 million increased 12% and net earnings per diluted share of $5.97 increased 18% compared to the prior year period.

Adjusted operating revenues of $872.3 million increased 9% compared to the first quarter of 2025. Adjusted net operating income of $189.8 million increased 13%, while adjusted operating earnings per diluted share of $5.96 increased 19% compared to the prior year period.

The Company delivered solid financial results during the first quarter of 2026, driven by record sales performance and higher client asset values in the Investment and Savings Products segment. Sales growth was supported by a broad product offering and continued sales momentum, while favorable equity market performance contributed to asset growth. The Term Life business also produced solid financial results, driven by the Company’s large in-force block of term life insurance policies.

“Another quarter of strong financial performance was driven by continued momentum in our Investment and Savings Products business and supported by the stability of our Term Life business. ISP remains a key driver of growth and reflects the trust clients place in our long‑term savings solutions,” said Glenn Williams, Chief Executive Officer of Primerica,

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Inc. “As middle‑income families continue to navigate a changing economic environment, the need for financial education and guidance remains critical. We believe our strong fundamentals position Primerica well for long-term growth and to effectively meet the evolving needs of our clients."

First Quarter Distribution & Segment Results

Distribution Results
		Q1 2026				Q1 2025				% Change
Life-Licensed Sales Force			149,732				152,167				(2	)%
Recruits			84,217				100,867				(17	)%
New Life-Licensed Representatives			10,569				12,339				(14	)%
Life Insurance Policies Issued			74,054				86,415				(14	)%
Life Productivity (1)			0.16				0.19			*
Issued Term Life Face Amount ($ billions) (2)		$	25.7			$	28.5				(10	)%
ISP Product Sales ($ billions)		$	4.3			$	3.6				22	%
Average Client Asset Values ($ billions)		$	129.9			$	113.0				15	%
Closed U.S. Mortgage Volume ($ million brokered)		$	113.1			$	93.5				21	%

(1)Life productivity equals the average monthly policies issued divided by the average number of life insurance licensed representatives.

(2)Includes face amount on issued term life policies, additional riders added to existing policies, and face increases under increasing benefit riders.

* Not calculated or less than 1%

Segment Results
		Q1 2026				Q1 2025				% Change
		($ in thousands)
Adjusted Operating Revenues:
Term Life Insurance		$	464,634			$	457,841				1	%
Investment and Savings Products			350,645				290,812				21	%
Corporate and Other Distributed Products (1)			57,018				54,903				4	%
Total adjusted operating revenues (1)		$	872,297			$	803,556				9	%
Adjusted Operating Income (Loss) before   income taxes:
Term Life Insurance		$	154,860			$	146,785				6	%
Investment and Savings Products			100,899				81,271				24	%
Corporate and Other Distributed Products (1)			(6,737	)			(8,028	)			16	%
Total adjusted operating income before income taxes (1)		$	249,022			$	220,028				13	%

(1)See the Non-GAAP Financial Measures section and the Adjusted Operating Results reconciliation tables at the end of this release for additional information.

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Life Insurance Licensed Sales Force

During the first quarter of 2026, recruiting and licensing activity was below levels in the prior year period, with 84,217 new recruits, down 17% compared to the prior year period, and 10,569 representatives obtaining a new life license, a 14% decline year over year. The life licensed sales force totaled 149,732 as of March 31, 2026, decreasing 2% compared to March 31, 2025.

Term Life Insurance

During the first quarter of 2026, annualized issued premium of $83.3 million decreased 10% compared to the prior year period. The Company issued 74,054 new life insurance policies, representing 14% fewer policies than the prior year period, with total face amount issued of $25.7 billion. Productivity as measured by the average monthly rate of new policies issued per life-licensed independent sales representative was 0.16. The Company continues to enhance training and tools designed to help representatives more effectively identify and address the evolving protection needs of middle-income families in today's economic environment.

First quarter of 2026 Term Life revenues of $464.6 million increased 1% compared to the first quarter of 2025, driven by 4% growth in adjusted direct premiums. Pre-tax operating income of $154.9 million, including a $7.6 million remeasurement gain, increased 6% compared to the prior year period. The benefits and claims ratio was 57.3% compared to 58.2% in the prior year period. The DAC amortization and insurance commissions ratio was 12.3% and the insurance expense ratio was 7.9%, consistent with the prior year period. The Term Life operating margin was 22.5% compared to 22.1% in the prior year period.

Investment and Savings Products

During the first quarter of 2026, total product sales were $4.3 billion, a 22% increase compared to the prior year period. Strong investor demand across all major product lines drove sales growth, while equity market appreciation and continued net inflows over the last 12 months led to a 15% increase in client asset values year over year. Net inflows during the first quarter of 2026 were $362 million compared to $542 million in the prior year period.

First quarter ISP revenues of $350.6 million increased 21% year-over-year, while income before income taxes of $100.9 million increased 24%. Growth in sales-based commission revenues continued to outpace revenue-generating sales due to continued strong client demand for variable annuities. Asset-based commission revenues grew 23%, supported by a favorable mix-shift toward U.S. managed accounts and Canadian mutual funds sold under the principal distributor model, compared to a 15% increase in average client asset values. Sales-based and asset-based commission expenses grew in line with related revenues.

Corporate and Other Distributed Products

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During the first quarter of 2026, the segment recorded a pre‑tax adjusted operating loss of $6.7 million, compared to a pre‑tax adjusted operating loss of $8.0 million in the prior‑year period. The improvement was driven by $2.1 million higher adjusted net investment income, reflecting continued growth in the invested asset portfolio.

Taxes

The effective income tax rate was 23.8% during the first quarter of 2026, largely consistent with the effective income tax rate of 23.6% in the first quarter of 2025.

Capital

During the first quarter of 2026, the Company repurchased $135 million of its common stock under the Board of Directors' $475 million share repurchase program authorized through December 31, 2026. The Board of Directors has approved a dividend of $1.20 per share, payable on June 12, 2026, to stockholders of record on May 21, 2026. Primerica Life Insurance Company's statutory risk-based capital (RBC) ratio was estimated to be 430% as of March 31, 2026.

Non-GAAP Financial Measures

In addition to reporting financial results in accordance with U.S. generally accepted accounting principles (GAAP), the Company presents certain non-GAAP financial measures. Specifically, the Company presents adjusted direct premiums, other ceded premiums, adjusted operating revenues, adjusted operating income before income taxes, adjusted net operating income, diluted adjusted operating earnings per share and adjusted stockholders' equity.

Adjusted direct premiums and other ceded premiums are net of amounts ceded under coinsurance transactions that were executed concurrent with our initial public offering (the IPO coinsurance transactions) for all periods presented. We exclude amounts ceded under the IPO coinsurance transactions in measuring adjusted direct premiums and other ceded premiums to present meaningful comparisons of the actual premiums economically maintained by the Company. Amounts ceded under the IPO coinsurance transactions will continue to decline over time as policies terminate within this block of business.

Adjusted operating revenues, adjusted operating income before income taxes, adjusted net operating income and diluted adjusted operating earnings per share exclude the impact of investment gains (losses), including credit impairments, and fair value mark-to-market (MTM) investment adjustments for all periods presented. We exclude investment gains (losses), including credit impairments, and MTM investment adjustments in measuring these non-GAAP financial measures to eliminate period-over-period fluctuations that may obscure comparisons of operating results due to items such as the timing of recognizing gains (losses) and market pricing variations prior to an invested asset’s maturity or sale that are not directly associated with the Company’s insurance operations.

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Adjusted stockholders’ equity excludes the impact of net unrealized investment gains (losses) recorded in accumulated other comprehensive income (loss) for all periods presented. We exclude unrealized investment gains (losses) in measuring adjusted stockholders’ equity as unrealized gains (losses) from the Company’s available-for-sale securities are largely caused by market movements in interest rates and credit spreads that do not necessarily correlate with the cash flows we will ultimately realize when an available-for-sale security matures or is sold. Adjusted stockholders’ equity also excludes the difference in future policy benefits calculated using the current discount rate and future policy benefits calculated using the locked-in discount rate at contract issuance recognized in accumulated other comprehensive income (loss). We exclude the impact from the difference in the discount rate in measuring adjusted stockholders' equity as such difference is caused by market movements in interest rates that are not permanent and may not align with the cash flows we will ultimately incur when policy benefits are settled.

Our definitions of these non-GAAP financial measures may differ from the definitions of similar measures used by other companies. Management uses these non-GAAP financial measures in making financial, operating and planning decisions and in evaluating the Company’s performance. Furthermore, management believes that these non-GAAP financial measures may provide users with additional meaningful comparisons between current results and results of prior periods as they are expected to be reflective of the core ongoing business. These measures have limitations and users should not consider them in isolation or as a substitute for analysis of the Company’s results as reported under GAAP. Reconciliations of GAAP to non-GAAP financial measures are attached to this release.

Earnings Webcast Information

Primerica will hold a webcast on Thursday, May 7, 2026, at 10:00 a.m. (ET), to discuss the quarter’s results. To access the webcast, go to https://investors.primerica.com at least 15 minutes prior to the event to register, download and install any necessary software. A replay of the call will be available for approximately 30 days. This release and a detailed financial supplement will be posted on Primerica’s website.

Forward-Looking Statements

Except for historical information contained in this press release, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements contain known and unknown risks and uncertainties that may cause our actual results in future periods to differ materially from anticipated or projected results. Those risks and uncertainties include, among others, our failure to continue to attract and license new recruits, retain independent sales representatives or license or maintain the licensing of independent sales representatives; laws or regulations that could apply to our distribution model, which could require us to modify our distribution structure; changes to the independent contractor status of sales representatives; our or independent sales representatives’ violation of or non-compliance with laws and regulations; litigation and

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regulatory investigations and actions concerning us or independent sales representatives; differences between our actual experience and our expectations regarding mortality, reinsurance, persistency, or disability as reflected in the pricing for our insurance policies; changes in federal, state and provincial legislation or regulation that affects our insurance, investment product and mortgage businesses; our failure to meet regulatory capital ratios or other minimum capital and surplus requirements; a significant downgrade by a ratings organization; the failure of our reinsurers or reserve financing counterparties to perform their obligations; the failure of our investment products to remain competitive with other investment options or the loss of our relationship with one or more of the companies whose investment products we provide; heightened standards of conduct or more stringent licensing requirements for independent sales representatives; inadequate policies and procedures regarding suitability review of client transactions; revocation of our subsidiary’s status as a non-bank custodian; a significant change to or disruption in the mortgage lenders’ mortgage businesses or an inability of the mortgage lenders to satisfy their contractual obligations to us; changes in prevailing mortgage interest rates or U.S. monetary policies that affect mortgage interest rates; economic downcycles that impact our business, financial condition and results of operations; major public health pandemics, epidemics or outbreaks or other catastrophic events; the failure of our or a third-party partner’s information technology systems, breach of our information security, failure of our business continuity plan or the loss of the Internet; any failure to protect the confidentiality of client information; the current legislative and regulatory climate with regard to privacy and cybersecurity; cyber-attack(s), security breaches; the development and use of artificial intelligence; the efficiency and success of business initiatives taken to enhance our technology, products and services; the effects of credit deterioration and interest rate fluctuations on our invested asset portfolio and other assets; incorrectly valuing our investments; changes in accounting standards may impact how we record and report our financial condition and results of operations; the inability of our subsidiaries to pay dividends or make distributions; laws and regulations in the U.S. and Canada, executive branch actions, orders and policies, judicial rulings and decisions by public officials impacting our business; the legislative and regulatory environment regarding climate change; litigation and regulatory investigations and actions; a significant change in the competitive environment in which we operate; the loss of key personnel or sales force leaders; inability to effectively execute our corporate strategy; and fluctuations in the market price of our common stock or Canadian currency exchange rates. These and other risks and uncertainties affecting us are more fully described in our filings with the Securities and Exchange Commission, which are available in the "Investor Relations" section of our website at https://investors.primerica.com. Primerica assumes no duty to update its forward-looking statements as of any future date.

About Primerica, Inc.

Primerica, Inc. is a leading diversified financial services distribution company serving middle-income households in the United States and Canada. Our licensed representatives educate families on how to prepare for a more secure financial future and help them achieve their financial goals with our term life insurance and third-party

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mutual funds, managed accounts, annuities, loans and other financial products. We insured over 5.5 million lives and had approximately 3.1 million client investment accounts as of December 31, 2025. Through our life insurance subsidiaries in North America, in 2025 Primerica was the #3 issuer of term life insurance, which we largely reinsure. Primerica stock is included in the S&P MidCap 400 and the Russell 1000 stock indices and is traded on The New York Stock Exchange under the symbol “PRI”. We are headquartered in Duluth, Georgia.

Investor Contact:

Nicole Russell

470-564-6663
Email: Nicole.Russell@Primerica.com

Media Contact:

Susan Chana

404-229-8302

Email: Susan.Chana@Primerica.com

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PRIMERICA, INC. AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
		(Unaudited)
		March 31, 2026				December 31, 2025
		(In thousands)
Assets
Investments:
Fixed-maturity securities available-for-sale, at fair value		$	3,444,026			$	3,265,246
Fixed-maturity security held-to-maturity, at amortized cost			1,130,730				1,175,380
Equity securities, at fair value			27,728				26,433
Trading securities, at fair value			32,451				12,801
Policy loans and other invested assets			56,336				56,233
Total investments			4,691,271				4,536,093
Cash and cash equivalents			645,811				756,227
Accrued investment income			31,400				30,122
Reinsurance recoverables			2,480,051				2,564,952
Deferred policy acquisition costs, net			3,954,334				3,915,998
Agent balances, due premiums and other receivables			280,220				275,171
Intangible asset			45,275				45,275
Income taxes			130,773				177,302
Operating lease right-of-use assets			40,936				41,900
Other assets			254,797				387,776
Separate account assets			2,122,558				2,281,520
Total assets		$	14,677,426			$	15,012,336
Liabilities and stockholders' equity
Liabilities:
Future policy benefits		$	6,728,920			$	6,818,179
Unearned and advance premiums			17,015				15,521
Policy claims and other benefits payable			488,886				495,356
Other policyholders' funds			342,427				356,427
Note payable			595,516				595,315
Surplus note			1,130,485				1,175,119
Income taxes			66,810				147,960
Operating lease liabilities			48,369				49,565
Other liabilities			531,546				546,596
Payable under securities lending			85,020				84,876
Separate account liabilities			2,122,558				2,281,520
Total liabilities			12,157,552				12,566,434
Common stock			313				318
Retained earnings			2,440,207				2,416,149
Accumulated other comprehensive income (loss), net of income tax:
Effect of change in discount rate assumptions on the liability for future policy benefits			223,792				134,594
Unrealized foreign currency translation gains (losses)			(23,387	)			(15,836	)
Net unrealized gains (losses) on available-for-sale securities			(121,051	)			(89,323	)
Total stockholders' equity			2,519,874				2,445,902
Total liabilities and stockholders' equity		$	14,677,426			$	15,012,336

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PRIMERICA, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Income
(Unaudited)
		Three months ended March 31,
		2026				2025
		(In thousands, except per-share amounts)
Revenues:
Direct premiums		$	871,246			$	858,845
Ceded premiums			(414,859	)			(410,521	)
Net premiums			456,387				448,324
Commissions and fees			356,741				296,957
Net investment income			43,283				41,671
Investment gains (losses)			396				757
Other, net			15,886				17,134
Total revenues			872,693				804,843
Benefits and expenses:
Benefits and claims			171,254				174,862
Future policy benefits remeasurement (gain) loss			(7,377	)			(3,273	)
Amortization of deferred policy acquisition costs			84,260				78,550
Sales commissions			195,210				158,118
Insurance expenses			66,567				64,805
Insurance commissions			5,618				6,124
Interest expense			5,861				6,004
Other operating expenses			101,882				98,338
Total benefits and expenses			623,275				583,528
Income before income taxes			249,418				221,315
Income taxes			59,322				52,264
Net income		$	190,096			$	169,051
Earnings per share attributable to common stockholders:
Basic earnings per share		$	5.98			$	5.06
Diluted earnings per share		$	5.97			$	5.05
Weighted-average shares used in computing   earnings per share:
Basic			31,681				33,292
Diluted			31,728				33,342

9

PRIMERICA, INC. AND SUBSIDIARIES
Consolidated Adjusted Operating Results Reconciliation
(Unaudited)
		Three months ended March 31,
		2026				2025				% Change
		(In thousands, except per-share amounts)
Total revenues		$	872,693			$	804,843				8	%
Less: Investment (losses) gains			396				757
Less: 10% deposit asset MTM included in NII			-				530
Adjusted operating revenues		$	872,297			$	803,556				9	%
Income before income taxes		$	249,418			$	221,315				13	%
Less: Investment (losses) gains			396				757
Less: 10% deposit asset MTM included in NII			-				530
Adjusted operating income before income taxes		$	249,022			$	220,028				13	%
Net Income		$	190,096			$	169,051				12	%
Less: Investment (losses) gains			396				757
Less: 10% deposit asset MTM included in NII			-				530
Less: Tax impact of preceding items			(94	)			(304	)
Adjusted net operating income		$	189,794			$	168,068				13	%
Diluted earnings per share		$	5.97			$	5.05				18	%
Less: Net after-tax impact of operating adjustments			0.01				0.03
Diluted adjusted operating earnings per share		$	5.96			$	5.02				19	%

10

TERM LIFE INSURANCE SEGMENT
Adjusted Premiums Reconciliation
(Unaudited)
		Three months ended March 31,
		2026				2025				% Change
		(In thousands)
Direct premiums		$	867,202			$	854,430				1	%
Less: Premiums ceded to IPO coinsurers			179,575				191,477
Adjusted direct premiums			687,627				662,953				4	%
Ceded premiums			(413,843	)			(409,334	)
Less: Premiums ceded to IPO coinsurers			(179,575	)			(191,477	)
Other ceded premiums			(234,268	)			(217,857	)
Net premiums		$	453,359			$	445,096				2	%

CORPORATE AND OTHER DISTRIBUTED PRODUCTS SEGMENT
Adjusted Operating Results Reconciliation
(Unaudited)
		Three months ended March 31,
		2026				2025				% Change
		(In thousands)
Total revenues		$	57,414			$	56,190				2	%
Less: Investment gains (losses)			396				757
Less: 10% deposit asset MTM included in NII			-				530
Adjusted operating revenues		$	57,018			$	54,903				4	%
Income (loss) before income taxes		$	(6,341	)		$	(6,741	)			6	%
Less: Investment gains (losses)			396				757
Less: 10% deposit asset MTM included in NII			-				530
Adjusted operating income (loss) before income taxes		$	(6,737	)		$	(8,028	)			16	%

PRIMERICA, INC. AND SUBSIDIARIES
Adjusted Stockholders' Equity Reconciliation
(Unaudited)
		March 31, 2026				December 31, 2025				% Change
		(In thousands)
Stockholders' equity		$	2,519,874			$	2,445,902				3	%
Less: Net unrealized gains (losses)			(121,051	)			(89,323	)
Less: Effect of change in discount rate assumptions               on the liability for future policy benefits			223,792				134,594
Adjusted stockholders' equity		$	2,417,133			$	2,400,631				1	%

11

Exhibit 99.2

Supplemental Financial Information

First Quarter 2026

Table of Contents PRIMERICA, INC. Financial Supplement

	Page
Preface, definition of non-GAAP financial measures	3
Condensed balance sheets and reconciliation of balance sheet non-GAAP to GAAP financial measures	4
Financial results and other statistical data	5
Statements of income	6
Reconciliation of statement of income GAAP to non-GAAP financial measures	7
Segment operating results
Term Life Insurance segment - financial results, financial analysis, and key statistics	8-9
Investment and Savings Products segment - financial results, financial analysis, and key statistics	10-11
Corporate & Other Distributed Products segment - financial results	12
Investment portfolio	13-15
Five-year historical key statistics	16

This document may contain forward-looking statements and information. Additional information and factors that could cause actual results to differ materially from any forward-looking statements or information in this document is available in our Form 10-K for the year ended December 31, 2025.

2 of 16

Preface PRIMERICA, INC. Financial Supplement

First Quarter 2026

This document is a financial supplement to our first quarter 2026 earnings release. It is designed to enable comprehensive analysis of our ongoing business using the same core metrics that our management utilizes in assessing our business and making strategic and operational decisions. Throughout this document we provide financial information that is derived from our U.S. GAAP financial statements for continuing operations and adjusted for three different purposes, as follows:

•Operating adjustments exclude the impact of investment gains/losses, including credit impairments and mark-to-market (MTM) investment adjustments. We exclude investment gains/losses, including credit impairments, and MTM investment adjustments in measuring adjusted operating revenues to eliminate period-over-period fluctuations that may obscure comparisons of operating results due to items such as the timing of recognizing gains and losses and other factors prior to an invested asset's maturity or sale that are not directly associated with the Company's insurance operations. Adjusted net operating income and diluted adjusted operating earnings per share also exclude the tax effect of pre-tax operating adjustments.

•Adjusted stockholders’ equity refers to the removal of the impact of net unrealized gains and losses on invested assets. We exclude unrealized investment gains and losses in measuring adjusted stockholders' equity as unrealized gains and losses from the Company's invested assets are largely caused by market movements in interest rates and credit spreads that do not necessarily correlate with the cash flows we will ultimately realize when an invested asset matures or is sold. Adjusted stockholders' equity also excludes the difference in future policy benefits calculated using the current discount rate and future policy benefits calculated using the locked-in discount rate at contract issuance recognized in accumulated other comprehensive income. We exclude the impact from the difference in the discount rate in measuring adjusted stockholders' equity as it is caused by market movements in interest rates that are not permanent and may not align with the cash flow we will ultimately incur when policy benefits are settled.

•IPO coinsurance transactions adjustments relate to transactions in the first quarter of 2010, where we coinsured between 80% and 90% of our business that was in-force at year-end 2009 to entities then affiliated with Citigroup Inc. that were executed concurrent with our initial public offering (IPO). We exclude amounts ceded under the IPO coinsurance transactions in measuring adjusted direct premiums and other ceded premiums to present meaningful comparisons of the actual premiums economically maintained by the Company. Amounts ceded under the IPO coinsurance transactions will continue to decline over time as policies terminate within this block of business.

Management utilizes these non-GAAP financial measures in managing the business and believes they present relevant and meaningful analytical metrics for evaluating the ongoing business. Reconciliations of non-GAAP to GAAP financial measures are included in this financial supplement.

Certain items throughout this supplement may not add due to rounding and as such, may not agree to other public reporting of the respective item. Certain items throughout this supplement are noted as ‘na’ to indicate not applicable. Certain variances are noted as ‘nm’ to indicate not meaningful.

3 of 16

Balance Sheets and Reconciliation of Balance Sheet Non-GAAP to GAAP Financial Measures PRIMERICA, INC. Financial Supplement

(Dollars in thousands)							Mar 31, 2025			Jun 30, 2025			Sep 30, 2025			Dec 31, 2025			Mar 31, 2026			Jun 30, 2026	Sep 30, 2026	Dec 31, 2026
Balance Sheets
Assets:
	Investments and cash excluding securities held to maturity						$	3,784,534		$	3,798,697		$	3,885,589		$	4,116,941		$	4,206,352
	Securities held to maturity							1,285,340			1,258,800			1,241,540			1,175,380			1,130,730
			Total investments and cash					5,069,874			5,057,497			5,127,129			5,292,321			5,337,082
	Reinsurance recoverables							2,722,544			2,698,144			2,596,597			2,564,952			2,480,051
	Deferred policy acquisition costs							3,742,693			3,817,119			3,863,442			3,915,998			3,954,334
	Other assets							935,802			938,583			946,717			957,544			783,400
	Separate account assets							2,118,098			2,318,492			2,313,874			2,281,520			2,122,558
			Total assets				$	14,589,010		$	14,829,834		$	14,847,759		$	15,012,336		$	14,677,426
Liabilities:
	Future policy benefits						$	6,637,937		$	6,719,044		$	6,816,778		$	6,818,179		$	6,728,920
	Other policy liabilities							907,038			906,558			862,242			867,305			848,328
	Other liabilities							692,224			641,378			618,061			744,121			646,724
	Debt obligations							594,713			594,913			595,114			595,315			595,516
	Surplus note							1,285,032			1,258,508			1,241,263			1,175,119			1,130,485
	Payable under securities lending							97,560			83,425			104,535			84,876			85,020
	Separate account liabilities							2,118,098			2,318,492			2,313,874			2,281,520			2,122,558
			Total liabilities					12,332,601			12,522,318			12,551,868			12,566,435			12,157,552
Stockholders’ equity:
	Common stock ($0.01 par value) (1)							330			325			321			318			313
	Paid-in capital							—			—			—			—			—
	Retained earnings							2,253,435			2,270,996			2,319,750			2,416,149			2,440,207
	Accumulated other comprehensive income (loss), net:
		Net unrealized gains (losses)						(133,764	)		(124,629	)		(91,680	)		(89,323	)		(121,051	)
		Effect of change in discount rate assumptions on the liability for future policy benefits						171,599			174,626			89,692			134,594			223,792
		Cumulative translation adjustment						(35,191	)		(13,803	)		(22,191	)		(15,836	)		(23,388	)
			Total stockholders’ equity					2,256,409			2,307,516			2,295,892			2,445,901			2,519,874
			Total liabilities and stockholders' equity				$	14,589,010		$	14,829,834		$	14,847,759		$	15,012,336		$	14,677,426
Reconciliation of Total Stockholders' Equity to Adjusted Stockholders' Equity
Total stockholders' equity							$	2,256,409		$	2,307,516		$	2,295,892		$	2,445,901		$	2,519,874
	Less: Net unrealized gains (losses)							(133,764	)		(124,629	)		(91,680	)		(89,323	)		(121,051	)
	Less: Effect of change in discount rate assumptions on the liability for future policy benefits							171,599			174,626			89,692			134,594			223,792
			Adjusted stockholders’ equity				$	2,218,574		$	2,257,519		$	2,297,880		$	2,400,630		$	2,417,133
Adjusted Stockholders' Equity Rollforward
Balance, beginning of period							$	2,197,050		$	2,218,574		$	2,257,519		$	2,297,880		$	2,400,630
	Net Income							169,051			178,344			206,793			197,047			190,096
	Shareholder dividends							(34,736	)		(34,209	)		(33,819	)		(33,288	)		(38,117	)
	Retirement of shares							(126,637	)		(129,124	)		(129,000	)		(74,654	)		(140,974	)
	Net foreign currency translation adjustment							(424	)		21,388			(8,388	)		6,355			(7,551	)
	Other, net							14,270			2,546			4,775			7,291			13,049
Balance, end of period							$	2,218,574		$	2,257,519		$	2,297,880		$	2,400,630		$	2,417,133
Deferred Policy Acquisition Costs Rollforward
Balance, beginning of period							$	3,680,430		$	3,742,693		$	3,817,119		$	3,863,442		$	3,915,998
	General expenses deferred							10,883			11,605			11,235			10,368			11,363
	Commission costs deferred							130,162			126,272			122,850			120,125			117,128
	Amortization of deferred policy acquisition costs							(78,550	)		(80,043	)		(81,498	)		(82,813	)		(84,260	)
	Foreign currency impact and other, net							(232	)		16,592			(6,263	)		4,876			(5,895	)
Balance, end of period							$	3,742,693		$	3,817,119		$	3,863,442		$	3,915,998		$	3,954,334

(1)Outstanding common shares exclude restricted stock units.

4 of 16

Financial Results and Other Statistical Data PRIMERICA, INC. Financial Supplement

																							YOY Q1												YOY YTD
(Dollars in thousands, except per-share data)					Q1 2025			Q2 2025			Q3 2025			Q4 2025			Q1 2026			Q2 2026	Q3 2026	Q4 2026	$ Change			% Change			YTD 2025			YTD 2026			$ Change			% Change
Earnings per Share
Basic earnings per share:
	Weighted-average common shares and fully vested equity awards					33,292,459			32,870,061			32,404,112			31,978,688			31,680,718						(1,611,741	)		-4.8	%		33,292,459			31,680,718			(1,611,741	)		-4.8	%
	Net income				$	169,051		$	178,344		$	206,793		$	197,047		$	190,096					$	21,045			12.4	%	$	169,051		$	190,096		$	21,045			12.4	%
	Less income attributable to unvested participating securities					(585	)		(572	)		(678	)		(606	)		(626	)					(41	)		-7.1	%		(585	)		(626	)		(41	)		-7.1	%
		Net income used in computing basic EPS			$	168,466		$	177,772		$	206,114		$	196,441		$	189,470					$	21,004			12.5	%	$	168,466		$	189,470		$	21,004			12.5	%
		Basic earnings per share			$	5.06		$	5.41		$	6.36		$	6.14		$	5.98					$	0.92			18.2	%	$	5.06		$	5.98		$	0.92			18.2	%
	Adjusted net operating income				$	168,068		$	180,385		$	206,052		$	196,907		$	189,794					$	21,727			12.9	%	$	168,068		$	189,794		$	21,727			12.9	%
	Less operating income attributable to unvested participating securities					(581	)		(579	)		(676	)		(605	)		(625	)					(44	)		-7.5	%		(581	)		(625	)		(44	)		-7.5	%
		Adjusted net operating income used in computing basic operating EPS			$	167,487		$	179,806		$	205,376		$	196,302		$	189,170					$	21,683			12.9	%	$	167,487		$	189,170		$	21,683			12.9	%
		Basic adjusted operating income per share			$	5.03		$	5.47		$	6.34		$	6.14		$	5.97					$	0.94			18.7	%	$	5.03		$	5.97		$	0.94			18.7	%
Diluted earnings per share:
	Weighted-average common shares and fully vested equity awards					33,292,459			32,870,061			32,404,112			31,978,688			31,680,718						(1,611,741	)		-4.8	%		33,292,459			31,680,718			(1,611,741	)		-4.8	%
	Dilutive impact of contingently issuable shares					49,670			41,352			47,284			53,183			46,818						(2,852	)		-5.7	%		49,670			46,818			(2,852	)		-5.7	%
		Shares used to calculate diluted EPS				33,342,129			32,911,413			32,451,396			32,031,871			31,727,536						(1,614,593	)		-4.8	%		33,342,129			31,727,536			(1,614,593	)		-4.8	%
	Net income				$	169,051		$	178,344		$	206,793		$	197,047		$	190,096					$	21,045			12.4	%	$	169,051		$	190,096		$	21,045			12.4	%
	Less income attributable to unvested participating securities					(584	)		(571	)		(678	)		(605	)		(625	)					(41	)		-7.1	%		(584	)		(625	)		(41	)		-7.1	%
		Net income used in computing diluted EPS			$	168,467		$	177,772		$	206,115		$	196,442		$	189,471					$	21,004			12.5	%	$	168,467		$	189,471		$	21,004			12.5	%
		Diluted earnings per share			$	5.05		$	5.40		$	6.35		$	6.13		$	5.97					$	0.92			18.2	%	$	5.05		$	5.97		$	0.92			18.2	%
	Adjusted net operating income				$	168,068		$	180,385		$	206,052		$	196,907		$	189,794					$	21,727			12.9	%	$	168,068		$	189,794		$	21,727			12.9	%
	Less operating income attributable to unvested participating securities					(580	)		(578	)		(675	)		(604	)		(624	)					(44	)		-7.5	%		(580	)		(624	)		(44	)		-7.5	%
		Adjusted net operating income used in computing diluted operating EPS			$	167,487		$	179,807		$	205,377		$	196,303		$	189,170					$	21,683			12.9	%	$	167,487		$	189,170		$	21,683			12.9	%
		Diluted adjusted operating income per share			$	5.02		$	5.46		$	6.33		$	6.13		$	5.96					$	0.94			18.7	%	$	5.02		$	5.96		$	0.94			18.7	%
Annualized Return on Equity
	Average stockholders' equity				$	2,257,725		$	2,281,963		$	2,301,704		$	2,370,896		$	2,482,888					$	225,162			10.0	%	$	2,257,725		$	2,482,888		$	225,162			10.0	%
	Average adjusted stockholders' equity				$	2,207,812		$	2,238,047		$	2,277,699		$	2,349,255		$	2,408,882					$	201,070			9.1	%	$	2,207,812		$	2,408,882		$	201,070			9.1	%
	Net income return on stockholders' equity					30.0	%		31.3	%		35.9	%		33.2	%		30.6	%					0.7	%	nm				30.0	%		30.6	%		0.7	%	nm
	Net income return on adjusted stockholders' equity					30.6	%		31.9	%		36.3	%		33.6	%		31.6	%					0.9	%	nm				30.6	%		31.6	%		0.9	%	nm
	Adjusted net operating income return on adjusted stockholders' equity					30.4	%		32.2	%		36.2	%		33.5	%		31.5	%					1.1	%	nm				30.4	%		31.5	%		1.1	%	nm
Capital Structure
	Debt-to-capital (1)					20.9	%		20.5	%		20.6	%		19.6	%		19.1	%					-1.7	%	nm				20.9	%		19.1	%		-1.7	%	nm
	Debt-to-capital, excluding AOCI (1)					20.9	%		20.8	%		20.4	%		19.8	%		19.6	%					-1.3	%	nm				20.9	%		19.6	%		-1.3	%	nm
	Cash and invested assets to stockholders' equity					2.2	x		2.2	x		2.2	x		2.2	x		2.1	x					(0.1	x)	nm				2.2	x		2.1	x		(0.1	x)	nm
	Cash and invested assets to adjusted stockholders' equity					2.3	x		2.2	x		2.2	x		2.2	x		2.2	x					(0.1	x)	nm				2.3	x		2.2	x		(0.1	x)	nm
	Share count, end of period (2)					33,022,554			32,545,209			32,075,564			31,809,803			31,343,338						(1,679,216	)		-5.1	%		33,022,554			31,343,338			(1,679,216	)		-5.1	%
	Adjusted stockholders' equity per share				$	67.18		$	69.37		$	71.64		$	75.47		$	77.12					$	9.93			14.8	%	$	67.18		$	77.12		$	9.93			14.8	%
Financial Strength Ratings - Primerica Life Insurance Co
	Moody's				A1			A1			A1			A1			A1						na			na			na			na			na			na
	S&P				AA-			AA-			AA-			AA-			AA-						na			na			na			na			na			na
	A.M. Best				A+			A+			A+			A+			A+						na			na			na			na			na			na
Holding Company Senior Debt Ratings
	Moody's				Baa1			Baa1			Baa1			Baa1			Baa1						na			na			na			na			na			na
	S&P				A-			A-			A-			A-			A-						na			na			na			na			na			na
	A.M. Best				a-			a-			a-			a-			a-						na			na			na			na			na			na

(1)Debt-to-capital is that of the parent company only. Capital in the debt-to-capital ratio includes stockholders' equity and the note payable.

(2)Share count reflects outstanding common shares, which excludes restricted stock units (RSUs).

5 of 16

Statements of Income PRIMERICA, INC. Financial Supplement

																									YOY Q1												YOY YTD
(Dollars in thousands)							Q1 2025			Q2 2025			Q3 2025			Q4 2025			Q1 2026			Q2 2026	Q3 2026	Q4 2026	$ Change			% Change			YTD 2025			YTD 2026			$ Change			% Change
Statements of Income
Revenues:
	Direct premiums						$	858,845		$	866,254		$	868,651		$	869,030		$	871,246					$	12,401			1.4	%	$	858,845		$	871,246		$	12,401			1.4	%
	Ceded premiums							(410,521	)		(433,408	)		(414,104	)		(420,843	)		(414,859	)					(4,337	)		-1.1	%		(410,521	)		(414,859	)		(4,337	)		-1.1	%
		Net premiums						448,323			432,846			454,547			448,187			456,387						8,064			1.8	%		448,323			456,387			8,064			1.8	%
	Net investment income							41,671			40,928			42,431			42,122			43,283						1,612			3.9	%		41,671			43,283			1,612			3.9	%
	Commissions and fees:
		Sales-based (1)						111,270			115,933			118,637			131,305			136,355						25,085			22.5	%		111,270			136,355			25,085			22.5	%
		Asset-based (2)						152,014			154,735			172,286			181,407			187,366						35,352			23.3	%		152,014			187,366			35,352			23.3	%
		Account-based (3)						24,195			24,394			24,420			24,347			23,619						(576	)		-2.4	%		24,195			23,619			(576	)		-2.4	%
		Other commissions and fees						9,477			10,970			10,146			10,326			9,401						(76	)		-0.8	%		9,477			9,401			(76	)		-0.8	%
	Investment (losses) gains							757			(2,866	)		652			641			396						(361	)	nm				757			396			(361	)	nm
	Other, net							17,135			16,394			16,732			15,347			15,886						(1,249	)		-7.3	%		17,135			15,886			(1,249	)		-7.3	%
	Total revenues							804,843			793,334			839,852			853,683			872,693						67,850			8.4	%		804,843			872,693			67,850			8.4	%
Benefits and expenses:
	Benefits and claims							174,862			152,494			172,152			166,420			171,254						(3,608	)		-2.1	%		174,862			171,254			(3,608	)		-2.1	%
	Future policy benefits remeasurement (gain)/loss							(3,273	)		(5,895	)		(23,114	)		(5,107	)		(7,377	)					(4,104	)		-125.4	%		(3,273	)		(7,377	)		(4,104	)		-125.4	%
	Amortization of DAC							78,550			80,043			81,498			82,813			84,260						5,710			7.3	%		78,550			84,260			5,710			7.3	%
	Insurance commissions							6,124			5,751			5,499			5,621			5,618						(506	)		-8.3	%		6,124			5,618			(506	)		-8.3	%
	Insurance expenses							64,805			64,362			64,131			70,168			66,567						1,762			2.7	%		64,805			66,567			1,762			2.7	%
	Sales commissions:
		Sales-based (1)						77,267			82,935			82,867			89,561			95,168						17,901			23.2	%		77,267			95,168			17,901			23.2	%
		Asset-based (2)						76,246			78,010			87,337			93,247			95,360						19,114			25.1	%		76,246			95,360			19,114			25.1	%
		Other sales commissions						4,605			5,346			4,484			5,015			4,682						77			1.7	%		4,605			4,682			77			1.7	%
	Interest expense							6,004			6,000			5,985			5,968			5,861						(144	)		-2.4	%		6,004			5,861			(144	)		-2.4	%
	Other operating expenses							98,338			89,792			87,333			92,904			101,882						3,544			3.6	%		98,338			101,882			3,544			3.6	%
	Total benefits and expenses							583,528			558,838			568,173			606,609			623,275						39,747			6.8	%		583,528			623,275			39,747			6.8	%
	Income before income taxes							221,315			234,496			271,679			247,074			249,418						28,103			12.7	%		221,315			249,418			28,103			12.7	%
		Income taxes						52,264			56,153			64,886			50,027			59,322						7,058			13.5	%		52,264			59,322			7,058			13.5	%
	Net Income							169,051			178,344			206,793			197,047			190,096						21,045			12.4	%		169,051			190,096			21,045			12.4	%
Income Before Income Taxes by Segment
Term Life Insurance							$	146,785		$	155,012		$	172,684		$	146,578		$	154,859					$	8,074			5.5	%	$	146,785		$	154,859		$	8,074			5.5	%
Investment & Savings Products								81,270			79,420			94,223			100,609			100,900						19,629			24.2	%		81,270			100,900			19,629			24.2	%
Corporate & Other Distributed Products								(6,741	)		64			4,771			(113	)		(6,340	)					401			5.9	%		(6,741	)		(6,340	)		401			5.9	%
	Income before income taxes						$	221,315		$	234,496		$	271,679		$	247,074		$	249,418					$	28,103			12.7	%	$	221,315		$	249,418		$	28,103			12.7	%

(1)Sales-based - revenues or commission expenses relating to the sales of mutual funds and variable annuities.

(2)Asset-based - revenues or commission expenses relating to the value of assets in client accounts for which we earn ongoing service, distribution, and other fees.

(3)Account-based - revenues relating to the fee generating client accounts we administer.

6 of 16

Reconciliation of Statement of Income GAAP to Non-GAAP Financial Measures PRIMERICA, INC. Financial Supplement

																									YOY Q1												YOY YTD
(Dollars in thousands)							Q1 2025			Q2 2025			Q3 2025			Q4 2025			Q1 2026			Q2 2026	Q3 2026	Q4 2026	$ Change			% Change			YTD 2025			YTD 2026			$ Change			% Change
Reconciliation from Term Life Insurance Direct Premiums to Term Life Insurance Adjusted Direct Premiums
	Term Life Insurance direct premiums						$	854,430		$	861,919		$	864,047		$	865,138		$	867,202					$	12,772			1.5	%	$	854,430		$	867,202		$	12,772			1.5	%
	Less: Premiums ceded to IPO Coinsurers							191,477			187,988			185,392			183,123			179,575						(11,902	)		-6.2	%		191,477			179,575			(11,902	)		-6.2	%
	Term Life Insurance adjusted direct premiums						$	662,953		$	673,931		$	678,655		$	682,015		$	687,627					$	24,674			3.7	%	$	662,953		$	687,627		$	24,674			3.7	%
Reconciliation from Term Life Insurance Ceded Premiums to Term Life Insurance Other Ceded Premiums
	Term Life Insurance ceded premiums						$	(409,334	)	$	(432,306	)	$	(412,935	)	$	(419,273	)	$	(413,843	)				$	(4,509	)		-1.1	%	$	(409,334	)	$	(413,843	)	$	(4,509	)		-1.1	%
	Less: Premiums ceded to IPO Coinsurers							(191,477	)		(187,988	)		(185,392	)		(183,123	)		(179,575	)					11,902			6.2	%		(191,477	)		(179,575	)		11,902			6.2	%
	Term Life Insurance other ceded premiums						$	(217,857	)	$	(244,318	)	$	(227,543	)	$	(236,149	)	$	(234,269	)				$	(16,412	)		-7.5	%	$	(217,857	)	$	(234,269	)	$	(16,412	)		-7.5	%
Reconciliation from Net Investment Income to Adjusted Net Investment Income
	Net Investment Income						$	41,671		$	40,928		$	42,431		$	42,122		$	43,283					$	1,612			3.9	%	$	41,671		$	43,283		$	1,612			3.9	%
	Less: MTM investment adjustments							530			182			321			(466	)		—					nm			nm				530			—		nm			nm
	Adjusted net investment income						$	41,141		$	40,746		$	42,110		$	42,588		$	43,283					$	2,142			5.2	%	$	41,141		$	43,283		$	2,142			5.2	%
Reconciliation from C&O Income Before Income Taxes to C&O Adjusted Operating Income Before Income Taxes
	Income before income taxes						$	(6,741	)	$	64		$	4,771		$	(113	)	$	(6,340	)				$	401			5.9	%	$	(6,741	)	$	(6,340	)	$	401			5.9	%
	Less: Investment gains/(losses)							757			(2,866	)		652			641			396					nm			nm				757			396		nm			nm
	Less: MTM investment adjustments							530			182			321			(466	)		—					nm			nm				530			—		nm			nm
	Adjusted operating income before income taxes						$	(8,028	)	$	2,748		$	3,798		$	(288	)	$	(6,736	)				$	1,292			16.1	%	$	(8,028	)	$	(6,736	)	$	1,292			16.1	%
Reconciliation from Total Revenues to Adjusted Operating Revenues
	Total revenues						$	804,843		$	793,334		$	839,852		$	853,683		$	872,693					$	67,850			8.4	%	$	804,843		$	872,693		$	67,850			8.4	%
	Less: Investment (losses) gains							757			(2,866	)		652			641			396					nm			nm				757			396		nm			nm
	Less: MTM investment adjustments							530			182			321			(466	)		—					nm			nm				530			—		nm			nm
	Adjusted operating revenues						$	803,556		$	796,018		$	838,879		$	853,508		$	872,297					$	68,742			8.6	%	$	803,556		$	872,297		$	68,742			8.6	%
Reconciliation from Income Before Income Taxes to Adjusted Operating Income Before Income Taxes
	Income from continuing operations before income taxes						$	221,315		$	234,496		$	271,679		$	247,074		$	249,418					$	28,103			12.7	%	$	221,315		$	249,418		$	28,103			12.7	%
	Less: Investment (losses) gains							757			(2,866	)		652			641			396					nm			nm				757			396		nm			nm
	Less: MTM investment adjustments							530			182			321			(466	)		—					nm			nm				530			—		nm			nm
	Adjusted operating income before income taxes						$	220,028		$	237,181		$	270,706		$	246,899		$	249,023					$	28,995			13.2	%	$	220,028		$	249,023		$	28,995			13.2	%
Reconciliation from Net Income to Adjusted Net Operating Income
	Net income						$	169,051		$	178,344		$	206,793		$	197,047		$	190,096					$	21,045			12.4	%	$	169,051		$	190,096		$	21,045			12.4	%
	Less: Investment (losses) gains							757			(2,866	)		652			641			396					nm			nm				757			396		nm			nm
	Less: MTM investment adjustments							530			182			321			(466	)		—					nm			nm				530			—		nm			nm
	Less: Tax impact of preceding items							(304	)		643			(232	)		(35	)		(94	)				nm			nm				(304	)		(94	)	nm			nm
	Adjusted net operating income						$	168,068		$	180,385		$	206,052		$	196,907		$	189,794					$	21,727			12.9	%	$	168,068		$	189,794		$	21,727			12.9	%

7 of 16

Term Life Insurance - Financial Results and Analysis PRIMERICA, INC. Financial Supplement

																									YOY Q1												YOY YTD
(Dollars in thousands)							Q1 2025			Q2 2025			Q3 2025			Q4 2025			Q1 2026			Q2 2026	Q3 2026	Q4 2026	$ Change			% Change			YTD 2025			YTD 2026			$ Change			% Change
Term Life Insurance Income Before Income Taxes
	Revenues:
	Direct Premiums						$	854,430		$	861,919		$	864,047		$	865,138		$	867,202					$	12,772			1.5	%	$	854,430		$	867,202		$	12,772			1.5	%
	Premiums ceded to IPO coinsurers (1)							(191,477	)		(187,988	)		(185,392	)		(183,123	)		(179,575	)					11,902			6.2	%		(191,477	)		(179,575	)		11,902			6.2	%
	Adjusted direct premiums (2)							662,953			673,931			678,655			682,015			687,627						24,674			3.7	%		662,953			687,627			24,674			3.7	%
	Other ceded premiums (3)							(217,857	)		(244,318	)		(227,543	)		(236,149	)		(234,269	)					(16,412	)		-7.5	%		(217,857	)		(234,269	)		(16,412	)		-7.5	%
	Net premiums							445,096			429,613			451,112			445,866			453,359						8,263			1.9	%		445,096			453,359			8,263			1.9	%
	Other, net							12,745			12,221			12,189			10,967			11,275						(1,471	)		-11.5	%		12,745			11,275			(1,471	)		-11.5	%
	Revenues							457,842			441,834			463,301			456,832			464,634						6,792			1.5	%		457,842			464,634			6,792			1.5	%
	Benefits and expenses:
	Benefits and claims							171,243			148,725			168,319			163,257			167,252						(3,991	)		-2.3	%		171,243			167,252			(3,991	)		-2.3	%
	Future policy benefits remeasurement (gain)/loss							(3,402	)		(5,743	)		(23,392	)		(5,190	)		(7,564	)					(4,162	)		-122.3	%		(3,402	)		(7,564	)		(4,162	)		-122.3	%
	Amortization of DAC							76,921			78,386			79,876			81,227			82,666						5,745			7.5	%		76,921			82,666			5,745			7.5	%
	Insurance commissions							2,649			2,238			2,755			1,993			2,042						(606	)		-22.9	%		2,649			2,042			(606	)		-22.9	%
	Insurance expenses							63,645			63,216			63,058			68,966			65,378						1,733			2.7	%		63,645			65,378			1,733			2.7	%
	Benefits and expenses							311,056			286,821			290,616			310,254			309,774						(1,282	)		-0.4	%		311,056			309,774			(1,282	)		-0.4	%
	Income before income taxes						$	146,785		$	155,012		$	172,684		$	146,578		$	154,859					$	8,074			5.5	%	$	146,785		$	154,859		$	8,074			5.5	%
Total Term Life Insurance - Financial Analysis
	Post-IPO direct premiums (4)						$	538,072		$	547,938		$	551,915		$	554,372		$	559,529					$	21,457			4.0	%	$	538,072		$	559,529		$	21,457			4.0	%
	Pre-IPO direct premiums (5)							316,359			313,981			312,132			310,766			307,674						(8,685	)		-2.7	%		316,359			307,674			(8,685	)		-2.7	%
	Total direct premiums						$	854,430		$	861,919		$	864,047		$	865,138		$	867,202					$	12,772			1.5	%	$	854,430		$	867,202		$	12,772			1.5	%
	Premiums ceded to IPO coinsurers						$	191,477		$	187,988		$	185,392		$	183,123		$	179,575					$	(11,902	)		-6.2	%	$	191,477		$	179,575		$	(11,902	)		-6.2	%
	% of Pre-IPO direct premiums							60.5	%		59.9	%		59.4	%		58.9	%		58.4	%				nm			nm				60.5	%		58.4	%	nm			nm
	Benefits and claims, net (6)						$	385,698		$	387,300		$	372,471		$	394,217		$	393,956					$	8,258			2.1	%	$	385,698		$	393,956		$	8,258			2.1	%
	% of adjusted direct premiums							58.2	%		57.5	%		54.9	%		57.8	%		57.3	%				nm			nm				58.2	%		57.3	%	nm			nm
	DAC amortization & insurance commissions						$	79,570		$	80,624		$	82,631		$	83,220		$	84,709					$	5,139			6.5	%	$	79,570		$	84,709		$	5,139			6.5	%
	% of adjusted direct premiums							12.0	%		12.0	%		12.2	%		12.2	%		12.3	%				nm			nm				12.0	%		12.3	%	nm			nm
	Insurance expenses, net (7)						$	50,900		$	50,995		$	50,869		$	57,999		$	54,103					$	3,204			6.3	%	$	50,900		$	54,103		$	3,204			6.3	%
	% of adjusted direct premiums							7.7	%		7.6	%		7.5	%		8.5	%		7.9	%				nm			nm				7.7	%		7.9	%	nm			nm
	Total Term Life income before income taxes						$	146,785		$	155,012		$	172,684		$	146,578		$	154,859					$	8,074			5.5	%	$	146,785		$	154,859		$	8,074			5.5	%
	Term Life operating margin (8)							22.1	%		23.0	%		25.4	%		21.5	%		22.5	%				nm			nm				22.1	%		22.5	%	nm			nm

(1)Premiums ceded to IPO coinsurers - premiums ceded to IPO coinsurers under the IPO coinsurance transactions excluding any reimbursements from the IPO coinsurers on previously existing reinsurance agreements.

(2)Adjusted direct premiums - direct premiums net of premiums ceded to IPO coinsurers.

(3)Other ceded premiums - premiums ceded to non-IPO coinsurers net of any applicable reimbursements from the IPO coinsurers.

(4)Post-IPO direct premiums - direct premiums not subject to the 2010 IPO coinsurance transactions.

(5)Pre-IPO direct premiums - direct premiums subject to the 2010 IPO coinsurance transactions.

(6)Benefits and claims, net - benefits & claims and remeasurement (gain)/loss net of other ceded premiums which are largely yearly renewable term.

(7)Insurance expenses, net - insurance expenses net of other, net revenues.

(8)Term Life Insurance operating margin - Term Life operating income before income taxes as a percentage of adjusted direct premiums.

8 of 16

Term Life Insurance - Key Statistics PRIMERICA, INC. Financial Supplement

																									YOY Q1												YOY YTD
							Q1 2025			Q2 2025			Q3 2025			Q4 2025			Q1 2026			Q2 2026	Q3 2026	Q4 2026	$ Change			% Change			YTD 2025			YTD 2026			$ Change			% Change
	Key Statistics
	Life-insurance licensed sales force, beginning of period							151,611			152,167			152,592			152,200			151,524						(87	)		-0.1	%		151,611			151,524			(87	)		-0.1	%
		New life-licensed representatives						12,339			12,903			12,482			10,998			10,569						(1,770	)		-14.3	%		12,339			10,569			(1,770	)		-14.3	%
		Non-renewal and terminated representatives						(11,783	)		(12,478	)		(12,874	)		(11,674	)		(12,361	)					(578	)		-4.9	%		(11,783	)		(12,361	)		(578	)		-4.9	%
	Life-insurance licensed sales force, end of period							152,167			152,592			152,200			151,524			149,732						(2,435	)		-1.6	%		152,167			149,732			(2,435	)		-1.6	%
	Estimated annualized issued term life premium ($mills) (1):
		Premium from new policies					$	74.4		$	78.5		$	69.8		$	67.1		$	64.9					$	(9.6	)		-12.8	%	$	74.4		$	64.9		$	(9.6	)		-12.8	%
		Additions and increases in premium						18.5			20.2			19.0			17.9			18.4						(0.1	)		-0.7	%		18.5			18.4			(0.1	)		-0.7	%
				Total estimated annualized issued term life premium			$	93.0		$	98.7		$	88.8		$	85.0		$	83.3					$	(9.7	)		-10.4	%	$	93.0		$	83.3		$	(9.7	)		-10.4	%
	Issued term life policies							86,415			89,850			79,379			76,143			74,054						(12,361	)		-14.3	%		86,415			74,054			(12,361	)		-14.3	%
	Estimated average annualized issued term life premium per policy (1)(2)						$	861		$	874		$	879		$	882		$	876					$	15			1.7	%	$	861		$	876		$	15			1.7	%
	Term life face amount in-force, beginning of period ($mills)						$	953,583		$	956,981		$	968,312		$	967,024		$	967,612					$	14,029			1.5	%	$	953,583		$	967,612		$	14,029			1.5	%
		Issued term life face amount (3)						28,455			30,292			27,067			26,068			25,678						(2,777	)		-9.8	%		28,455			25,678			(2,777	)		-9.8	%
		Terminated term life face amount						(24,979	)		(24,795	)		(26,159	)		(27,170	)		(25,578	)					(598	)		-2.4	%		(24,979	)		(25,578	)		(598	)		-2.4	%
		Foreign currency impact, net						(77	)		5,834			(2,196	)		1,690			(2,041	)					(1,964	)	nm				(77	)		(2,041	)		(1,964	)	nm
	Term life face amount in-force, end of period						$	956,981		$	968,312		$	967,024		$	967,612		$	965,671					$	8,690			0.9	%	$	956,981		$	965,671		$	8,690			0.9	%

(1)Estimated annualized issued term life premium - estimated as average premium per $1,000 of face amounts issued on new policies and additions (before free look returns) multiplied by actual face amount issued on new policies, rider additions and face amount increases.

(2)In whole dollars.

(3)Issued term life face amount - includes face amount on issued term life policies, additional riders added to existing policies, and face increases under increasing benefit riders.

9 of 16

Investment and Savings Products - Financial Results and Financial Analysis PRIMERICA, INC. Financial Supplement

																									YOY Q1												YOY YTD
(Dollars in thousands, except as noted)							Q1 2025			Q2 2025			Q3 2025			Q4 2025			Q1 2026			Q2 2026	Q3 2026	Q4 2026	$ Change			% Change			YTD 2025			YTD 2026			$ Change			% Change
Investment & Savings Products Income Before Income Taxes
	Revenues:
	Commissions and fees:
	Sales-based						$	111,270		$	115,933		$	118,637		$	131,305		$	136,355					$	25,085			22.5	%	$	111,270		$	136,355		$	25,085			22.5	%
	Asset-based							152,014			154,735			172,286			181,407			187,366						35,352			23.3	%		152,014			187,366			35,352			23.3	%
	Account-based							24,195			24,394			24,420			24,347			23,619						(576	)		-2.4	%		24,195			23,619			(576	)		-2.4	%
	Other, net							3,333			3,236			3,445			3,275			3,305						(28	)		-0.8	%		3,333			3,305			(28	)		-0.8	%
	Revenues							290,812			298,297			318,789			340,335			350,645						59,833			20.6	%		290,812			350,645			59,833			20.6	%
	Benefits and expenses:
	Amortization of DAC							1,337			1,368			1,355			1,321			1,334						(4	)		-0.3	%		1,337			1,334			(4	)		-0.3	%
	Insurance commissions							3,277			3,468			3,485			3,526			3,457						180			5.5	%		3,277			3,457			180			5.5	%
	Sales commissions:
	Sales-based							77,267			82,935			82,867			89,561			95,168						17,901			23.2	%		77,267			95,168			17,901			23.2	%
	Asset-based							76,246			78,010			87,337			93,247			95,360						19,114			25.1	%		76,246			95,360			19,114			25.1	%
	Other operating expenses							51,414			53,096			49,522			52,071			54,427						3,013			5.9	%		51,414			54,427			3,013			5.9	%
	Benefits and expenses							209,541			218,877			224,565			239,726			249,745						40,204			19.2	%		209,541			249,745			40,204			19.2	%
	Income before income taxes						$	81,270		$	79,420		$	94,223		$	100,609		$	100,900					$	19,629			24.2	%	$	81,270		$	100,900		$	19,629			24.2	%
Financial Analysis
	Fees paid based on client asset values (1)						$	10,915		$	11,404		$	12,285		$	12,803		$	13,287					$	2,372			21.7	%	$	10,915		$	13,287		$	2,372			21.7	%
	Fees paid based on fee-generating positions (2)							12,410			11,015			10,341			10,543			11,121						(1,289	)		-10.4	%		12,410			11,121			(1,289	)		-10.4	%
	Other operating expenses							28,089			30,676			26,896			28,724			30,019						1,930			6.9	%		28,089			30,019			1,930			6.9	%
	Total other operating expenses						$	51,414		$	53,096		$	49,522		$	52,071		$	54,427					$	3,013			5.9	%	$	51,414		$	54,427		$	3,013			5.9	%
	Sales-based variable margin as % of revenue-generating sales (3)
	U.S.							1.37	%		1.29	%		1.38	%		1.49	%		1.38	%				nm			nm				1.37	%		1.38	%	nm			nm
	Canada							0.35	%		0.35	%		0.35	%		0.27	%		0.38	%				nm			nm				0.35	%		0.38	%	nm			nm
	Total							1.28	%		1.23	%		1.31	%		1.40	%		1.30	%				nm			nm				1.28	%		1.30	%	nm			nm
	Asset-based variable margin as % of average asset values (4)
	U.S.							0.043	%		0.043	%		0.044	%		0.045	%		0.046	%				nm			nm				0.043	%		0.046	%	nm			nm
	Canada							0.113	%		0.109	%		0.115	%		0.110	%		0.114	%				nm			nm				0.113	%		0.114	%	nm			nm
	Total							0.053	%		0.053	%		0.055	%		0.055	%		0.057	%				nm			nm				0.053	%		0.057	%	nm			nm
	Account-based variable margin per average fee generating position (5)(6)						$	3.57		$	4.02		$	4.20		$	4.09		$	3.69					nm			nm			$	3.57		$	3.69		nm			nm

(1)Fees paid based on client asset values - administration fees on Canadian Segregated Funds and advisory fees on Managed Accounts that vary directly with client asset values.

(2)Fees paid based on fee-generating positions - recordkeeping fees that vary with the number of fee-generating positions.

(3)Sales-based variable margin - commission and fee revenue less commissions paid to the sales force based on product sales activity.

(4)Asset-based variable margin - commission and fee revenue less administration and advisory fees paid to third-party providers and commissions paid to the sales force earned based on product account values including amortization of deferred acquisition costs for segregated funds.

(5)Account-based variable margin - fee revenue less recordkeeping fees paid to third-party providers based on fee-generating positions and certain direct general expenses.

(6)In whole dollars.

10 of 16

Investment and Savings Products - Key Statistics PRIMERICA, INC. Financial Supplement

																									YOY Q1												YOY YTD
							Q1 2025			Q2 2025			Q3 2025			Q4 2025			Q1 2026			Q2 2026	Q3 2026	Q4 2026	$ Change			% Change			YTD 2025			YTD 2026			$ Change			% Change
Key Statistics
	Product sales ($mills)
		U.S. Retail Mutual Funds					$	1,317.9		$	1,244.0		$	1,298.4		$	1,323.0		$	1,460.2					$	142.3			10.8	%	$	1,317.9		$	1,460.2		$	142.3			10.8	%
		Canada Retail Mutual Funds						220.7			168.5			185.7			212.9			235.2						14.5			6.6	%		220.7			235.2			14.5			6.6	%
		Indexed Annuities						71.1			93.0			72.7			70.2			77.2						6.2			8.7	%		71.1			77.2			6.2			8.7	%
		Variable Annuities and other						1,038.9			1,178.7			1,180.6			1,375.3			1,383.6						344.7			33.2	%		1,038.9			1,383.6			344.7			33.2	%
				Total sales-based revenue generating product sales				2,648.6			2,684.2			2,737.4			2,981.4			3,156.2						507.6			19.2	%		2,648.6			3,156.2			507.6			19.2	%
		Managed Accounts						596.7			634.1			717.2			822.5			821.5						224.8			37.7	%		596.7			821.5			224.8			37.7	%
		Canada Retail Mutual Funds - no upfront sales comm						296.4			218.6			244.7			261.6			313.8						17.4			5.9	%		296.4			313.8			17.4			5.9	%
		Segregated Funds						17.7			11.5			12.6			45.1			40.3						22.6			127.3	%		17.7			40.3			22.6			127.3	%
				Total product sales			$	3,559.3		$	3,548.4		$	3,711.9		$	4,110.6		$	4,331.8					$	772.4			21.7	%	$	3,559.3		$	4,331.8		$	772.4			21.7	%
		Total Canada Retail Mutual Funds					$	517.1		$	387.1		$	430.4		$	474.5		$	549.0					$	31.9			6.2	%	$	517.1		$	549.0		$	31.9			6.2	%
		Segregated Funds						17.7			11.5			12.6			45.1			40.3						22.6			127.3	%		17.7			40.3			22.6			127.3	%
			Total Canada product sales					534.8			398.6			443.0			519.5			589.2						54.4			10.2	%		534.8			589.2			54.4			10.2	%
			Total U.S. product sales					3,024.6			3,149.8			3,268.9			3,591.0			3,742.5						718.0			23.7	%		3,024.6			3,742.5			718.0			23.7	%
				Total product sales			$	3,559.3		$	3,548.4		$	3,711.9		$	4,110.6		$	4,331.8					$	772.4			21.7	%	$	3,559.3		$	4,331.8		$	772.4			21.7	%
	Client asset values, beginning of period ($mills)						$	112,081		$	109,908		$	120,224		$	126,793		$	128,891					$	16,810			15.0	%	$	112,081		$	128,891		$	16,810			15.0	%
		Inflows						3,559			3,548			3,712			4,111			4,332						772			21.7	%		3,559			4,332			772			21.7	%
		Outflows (1)						(3,017	)		(3,062	)		(3,349	)		(3,786	)		(3,970	)					(953	)		-31.6	%		(3,017	)		(3,970	)		(953	)		-31.6	%
				Net flows				542			487			363			325			362						(180	)		-33.2	%		542			362			(180	)		-33.2	%
		Foreign currency impact, net						(12	)		900			(357	)		290			(351	)					(339	)	nm				(12	)		(351	)		(339	)	nm
		Change in market value, net and other (2)						(2,703	)		8,931			6,562			1,483			(2,140	)					564			20.9	%		(2,703	)		(2,140	)		564			20.9	%
	Client asset values, end of period						$	109,908		$	120,224		$	126,793		$	128,891		$	126,762					$	16,854			15.3	%	$	109,908		$	126,762		$	16,854			15.3	%
		Annualized net flows as % of beginning of period asset values						1.9	%		1.8	%		1.2	%		1.0	%		1.1	%					-0.8	%	nm				1.9	%		1.1	%		-0.8	%	nm
	Average client asset values ($mills)
		U.S. Retail Mutual Funds					$	54,649		$	54,324		$	58,410		$	60,288		$	60,243					$	5,594			10.2	%	$	54,649		$	60,243		$	5,594			10.2	%
		Canada Retail Mutual Funds						14,555			15,153			16,452			17,226			17,764						3,209			22.0	%		14,555			17,764			3,209			22.0	%
		Managed Accounts						11,537			12,167			13,759			15,070			16,190						4,653			40.3	%		11,537			16,190			4,653			40.3	%
		Indexed Annuities						3,003			3,033			3,061			3,081			3,093						90			3.0	%		3,003			3,093			90			3.0	%
		Variable Annuities and other						27,086			27,075			29,127			30,210			30,276						3,190			11.8	%		27,086			30,276			3,190			11.8	%
		Segregated Funds						2,189			2,223			2,307			2,301			2,310						121			5.5	%		2,189			2,310			121			5.5	%
				Total			$	113,018		$	113,975		$	123,117		$	128,175		$	129,875					$	16,858			14.9	%	$	113,018		$	129,875		$	16,858			14.9	%
		Canada Retail Mutual Funds					$	14,555		$	15,153		$	16,452		$	17,226		$	17,764					$	3,209			22.0	%	$	14,555		$	17,764		$	3,209			22.0	%
		Segregated Funds						2,189			2,223			2,307			2,301			2,310						121			5.5	%		2,189			2,310			121			5.5	%
			Total Canada average client assets					16,743			17,376			18,759			19,526			20,073						3,330			19.9	%		16,743			20,073			3,330			19.9	%
			Total U.S. average client assets					96,274			96,599			104,358			108,649			109,802						13,527			14.1	%		96,274			109,802			13,527			14.1	%
				Total average client assets			$	113,018		$	113,975		$	123,117		$	128,175		$	129,875					$	16,858			14.9	%	$	113,018		$	129,875		$	16,858			14.9	%
	Average number of fee-generating positions (thous) (3)
		Recordkeeping and custodial						2,419			2,437			2,448			2,459			2,467						48			2.0	%		2,419			2,467			48			2.0	%
		Recordkeeping only						885			893			902			912			924						39			4.4	%		885			924			39			4.4	%
				Total				3,304			3,330			3,350			3,372			3,391						87			2.6	%		3,304			3,391			87			2.6	%

(1)Asset value outflows - include (a) redemptions of assets, (b) sales charges on the inflow sales figures, and (c) the net flow of money market funds sold and redeemed on the Company's recordkeeping platform. The redemptions of assets must be estimated for approximately 4% of account values as these figures are not readily available. Actual redemptions as a percentage of account values for similar known account values are used to estimate the unknown redemption values.

(2)Change in market value, net - market value fluctuations net of fees and expenses.

(3)Fee generating positions - mutual fund positions for which we receive recordkeeping fees. An individual client account may include multiple mutual fund positions. We may also receive fees earned for custodial services that we provide to clients with retirement plan accounts that hold positions in these mutual funds.

11 of 16

Corporate Other Distributed Products - Financial Results PRIMERICA, INC. Financial Supplement

																									YOY Q1												YOY YTD
(Dollars in thousands)							Q1 2025			Q2 2025			Q3 2025			Q4 2025			Q1 2026			Q2 2026	Q3 2026	Q4 2026	$ Change			% Change			YTD 2025			YTD 2026			$ Change			% Change
Corporate & Other Distributed Products Income Before Income Taxes
Revenues:
	Direct premiums						$	4,414		$	4,335		$	4,604		$	3,892		$	4,044					$	(371	)		-8.4	%	$	4,414		$	4,044		$	(371	)		-8.4	%
	Ceded premiums							(1,187	)		(1,102	)		(1,169	)		(1,571	)		(1,016	)					172			14.5	%		(1,187	)		(1,016	)		172			14.5	%
	Net premiums							3,227			3,233			3,435			2,321			3,028						(199	)		-6.2	%		3,227			3,028			(199	)		-6.2	%
	Adjusted net investment income							41,141			40,746			42,110			42,588			43,283						2,142			5.2	%		41,141			43,283			2,142			5.2	%
	Commissions and fees:
	Prepaid legal services							3,682			4,009			2,304			3,479			3,326						(356	)		-9.7	%		3,682			3,326			(356	)		-9.7	%
	Auto and homeowners insurance							1,966			2,440			2,941			2,245			1,988						22			1.1	%		1,966			1,988			22			1.1	%
	Mortgage loans							2,129			3,020			3,281			2,984			2,553						424			19.9	%		2,129			2,553			424			19.9	%
	Other sales commissions							1,701			1,502			1,620			1,618			1,535						(167	)		-9.8	%		1,701			1,535			(167	)		-9.8	%
	Other, net							1,057			938			1,098			1,106			1,307						249			23.6	%		1,057			1,307			249			23.6	%
	Adjusted operating revenues							54,902			55,887			56,789			56,341			57,019						2,117			3.9	%		54,902			57,019			2,117			3.9	%
Benefits and expenses:
	Benefits and claims							3,619			3,769			3,833			3,162			4,002						384			10.6	%		3,619			4,002			384			10.6	%
	Future policy benefits remeasurement (gain)/loss							128			(152	)		278			82			187						58			45.6	%		128			187			58			45.6	%
	Amortization of DAC							291			288			267			265			260						(31	)		-10.7	%		291			260			(31	)		-10.7	%
	Insurance commissions							199			45			(741	)		101			119						(80	)		-40.3	%		199			119			(80	)		-40.3	%
	Insurance expenses							1,160			1,147			1,074			1,202			1,189						29			2.5	%		1,160			1,189			29			2.5	%
	Sales commissions							4,605			5,346			4,484			5,015			4,682						77			1.7	%		4,605			4,682			77			1.7	%
	Interest expense							6,004			6,000			5,985			5,968			5,861						(144	)		-2.4	%		6,004			5,861			(144	)		-2.4	%
	Other operating expenses							46,924			36,696			37,811			40,834			47,455						531			1.1	%		46,924			47,455			531			1.1	%
	Benefits and expenses							62,930			53,139			52,992			56,629			63,755						825			1.3	%		62,930			63,755			825			1.3	%
	Adjusted operating income before income taxes						$	(8,028	)	$	2,748		$	3,798		$	(288	)	$	(6,736	)				$	1,292			16.1	%	$	(8,028	)	$	(6,736	)	$	1,292			16.1	%

12 of 16

Investment Portfolio - Summary of Holdings PRIMERICA, INC. Financial Supplement

								As of or for the period ended March 31, 2026
																	% of Total						Avg
								Market			Amortized			Unrealized			Market			Amortized			Book			Avg
(Dollars in thousands)								Value			Cost			G/(L)			Value			Cost			Yield			Rating
Investment Portfolio by Asset Class
Cash, Cash Equivalents, and Short Term								$	645,811		$	645,811		$	-			15.6	%		15.0	%
Fixed Income:
	Treasury								12,371			12,708			(337	)		0.3	%		0.3	%		3.1	%	AA+
	Government								243,271			257,760			(14,489	)		5.9	%		6.0	%		3.4	%	AA-
	Tax-Exempt Municipal								45,222			47,391			(2,168	)		1.1	%		1.1	%		3.4	%	AA-
	Public Corporate								1,813,280			1,879,791			(66,511	)		43.7	%		43.7	%		4.5	%	BBB+
	Mortgage-Backed								653,835			701,501			(47,666	)		15.8	%		16.3	%		4.2	%	AAA
	Asset-Backed								278,609			282,914			(4,305	)		6.7	%		6.6	%		4.5	%	AA
	CMBS								83,591			90,721			(7,130	)		2.0	%		2.1	%		3.8	%	A+
	Private Placements								342,621			353,123			(10,501	)		8.3	%		8.2	%		5.2	%	BBB+
	Redeemable Preferred								3,676			4,248			(572	)		0.1	%		0.1	%		5.2	%	BBB-
						Total Fixed Income			3,476,477			3,630,157			(153,680	)		83.8	%		84.3	%		4.4	%	A
Equities and Other:
	Perpetual Preferred								3,430			3,430			-			0.1	%		0.1	%
	Common Stock								20,102			20,102			-			0.5	%		0.5	%
	Mutual Fund								4,173			4,173			-			0.1	%		0.1	%
	Derivative								24			24			-			0.0	%		0.0	%
						Total Equities			27,728			27,728			-			0.7	%		0.6	%
						Total Invested Assets		$	4,150,016		$	4,303,696		$	(153,680	)		100.0	%		100.0	%
Public Corporate Portfolio by Sector
	Energy							$	254,437		$	260,127		$	(5,690	)		14.0	%		13.8	%
	Insurance								253,120			263,705			(10,585	)		14.0	%		14.0	%
	Consumer Non Cyclical								175,321			186,883			(11,562	)		9.7	%		9.9	%
	Electric								137,907			142,445			(4,538	)		7.6	%		7.6	%
	Consumer Cyclical								136,159			140,851			(4,692	)		7.5	%		7.5	%
	Capital Goods								125,659			128,261			(2,602	)		6.9	%		6.8	%
	Reits								122,205			129,421			(7,216	)		6.7	%		6.9	%
	Technology								106,399			111,547			(5,149	)		5.9	%		5.9	%
	Banking								99,963			99,822			141			5.5	%		5.3	%
	Finance Companies								93,751			94,948			(1,196	)		5.2	%		5.1	%
	Communications								76,302			78,188			(1,887	)		4.2	%		4.2	%
	Brokerage								68,433			71,120			(2,686	)		3.8	%		3.8	%
	Basic Industry								68,097			73,772			(5,676	)		3.8	%		3.9	%
	Transportation								56,495			58,079			(1,584	)		3.1	%		3.1	%
	Natural Gas								23,086			23,292			(206	)		1.3	%		1.2	%
	Industrial Other								6,161			6,710			(549	)		0.3	%		0.4	%
	Utility Other								3,933			4,393			(460	)		0.2	%		0.2	%
	Financial Other								3,178			3,276			(98	)		0.2	%		0.2	%
	Owned No Guarantee								2,674			2,950			(276	)		0.1	%		0.2	%
						Total Public Corporate portfolio		$	1,813,280		$	1,879,791		$	(66,511	)		100.0	%		100.0	%
Fixed-Maturity Securities - Effective Maturity
Effective maturity
		< 1 Yr.
		1-2 Yrs.						$	411,338		$	413,189		$	(1,851	)		11.8	%		11.4	%		3.8	%
		2-5 Yrs.							310,985			314,391			(3,406	)		8.9	%		8.7	%		4.0	%
		5-10 Yrs.							858,618			885,883			(27,266	)		24.7	%		24.4	%		4.2	%
		> 10 Yrs.							1,144,393			1,215,150			(70,758	)		32.9	%		33.5	%		4.2	%
						Total Fixed Income			751,143			801,543			(50,400	)		21.6	%		22.1	%		5.3	%
								$	3,476,477		$	3,630,157		$	(153,680	)		100.0	%		100.0	%		4.4	%
Duration
Fixed Income portfolio duration									5.3		years

Note: Investment Portfolio pages in this Financial Supplement exclude the Held to Maturity asset on our balance sheet.

13 of 16

Investment Portfolio - Quality Ratings As of March 31, 2026 PRIMERICA, INC. Financial Supplement

(Dollars in thousands)
Investment Portfolio Quality Ratings (1)
								Amortized Cost			% of Total
Total Fixed Income portfolio:
	Rating
	AAA							$	695,462			19.2	%
	AA								508,298			14.0	%
	A								911,678			25.1	%
	BBB								1,480,519			40.8	%
	Below Investment Grade								31,688			0.9	%
	NA								2,512			0.1	%
						Total Fixed Income		$	3,630,157			100.0	%
								Amortized Cost			% of Total													Amortized Cost			% of Total
Public Corporate asset class:																Private Placement asset class:
	Rating																Rating
	AAA							$	2,126			0.1	%				AAA							$	-			—
	AA								87,048			4.6	%				AA								8,860			2.5	%
	A								549,567			29.2	%				A								103,631			29.3	%
	BBB								1,213,498			64.6	%				BBB								239,632			67.9	%
	Below Investment Grade								27,427			1.5	%				Below Investment Grade								1,000			0.3	%
	NA								125			0.0	%				NA								-			—
						Total Corporate		$	1,879,791			100.0	%									Total Private		$	353,123			100.0	%
CMBS asset class:																Mortgage-Backed asset class:
	Rating																Rating
	AAA							$	26,846			29.6	%				AAA							$	540,993			77.1	%
	AA								21,784			24.0	%				AA								160,368			22.9	%
	A								32,690			36.0	%				A								-			—
	BBB								6,195			6.8	%				BBB								-			—
	Below Investment Grade								3,207			3.5	%				Below Investment Grade								54			0.0	%
	NA								-			—					NA								86			0.0	%
						Total CMBS		$	90,721			100.0	%									Total Mortgage-Backed		$	701,501			100.0	%
Asset-Backed asset class:																Treasury & Government asset classes:
	Rating																Rating
	AAA							$	100,462			35.5	%				AAA							$	24,371			9.0	%
	AA								49,494			17.5	%				AA								148,847			55.0	%
	A								131,457			46.5	%				A								79,502			29.4	%
	BBB								-			—					BBB								16,946			6.3	%
	Below Investment Grade								-			—					Below Investment Grade								-			—
	NA								1,500			0.5	%				NA								801			0.3	%
						Total Asset-Backed		$	282,914			100.0	%									Total Treasury & Government		$	270,468			100.0	%
NAIC Designations
	1							$	1,720,864			56.8	%
	2								1,277,630			42.1	%
	3								28,005			0.9	%
	4								4,978			0.2	%
	5								-			—
	6								-			—
						U.S. Insurer Fixed Income (2)			3,031,477			100.0	%
	Other (3)								626,408
	Cash and cash equivalents								645,811
						Total Invested Assets		$	4,303,696

(1)Ratings method for split ratings: If by 2 NRSROs, use lower of the two; if by 3 or more NRSROs, use second lowest.

(2)NAIC ratings for our U.S. insurance companies' fixed income portfolios.

(3)Other consists of assets held by our non-life companies, Canadian insurance company, and unrated equities.

Note: Investment Portfolio pages in this Financial Supplement exclude the Held to Maturity asset on our balance sheet.

14 of 16

Investment Portfolio - Supplemental Data and Trends PRIMERICA, INC. Financial Supplement

																									YOY Q1
(Dollars in thousands)							Q1 2025			Q2 2025			Q3 2025			Q4 2025			Q1 2026			Q2 2026	Q3 2026	Q4 2026	$ Change			% Change
Net Investment Income by Source
	Fixed-maturity securities (available-for-sale)						$	33,513		$	34,346		$	35,218		$	36,130		$	38,133					$	4,620		13.8%
	Fixed-maturity securities (held-to-maturity)							14,669			14,621			14,476			14,278			13,223						(1,446	)	-9.9%
	Equity Securities							314			315			318			321			323						9		2.9%
	Deposit asset underlying 10% reinsurance treaty							1,857			1,736			1,659			1,512			—						(1,857	)	-100.0%
	Deposit asset - Mark to Market							530			182			321			(466	)		—						(530	)	-100.0%
	Policy loans and other invested assets							1,032			482			611			617			673						(359	)	-34.8%
	Cash & cash equivalents							6,519			5,959			6,340			6,065			6,189						(330	)	-5.1%
					Total investment income			58,435			57,641			58,943			58,457			58,542						107		0.2%
	Investment expenses							2,095			2,092			2,036			2,057			2,036						(58	)	-2.8%
	Interest Expense on Surplus Note							14,669			14,621			14,476			14,278			13,223						(1,446	)	-9.9%
					Net investment income		$	41,671		$	40,928		$	42,431		$	42,122		$	43,283					$	1,612		3.9%
		Fixed income book yield, end of period						4.21	%		4.26	%		4.27	%		4.30	%		4.39	%
		New money yield						5.47	%		5.64	%		5.15	%		4.92	%		5.00	%
																									YOY Q1
							Q1 2025			Q2 2025			Q3 2025			Q4 2025			Q1 2026			Q2 2026	Q3 2026	Q4 2026	% Pt Change
Fixed Income Portfolio Quality Ratings
	Rating
	AAA							19.0	%		19.3	%		19.3	%		19.7	%		19.2	%					0.2	%
	AA							13.6	%		14.0	%		14.6	%		14.9	%		14.0	%					0.4	%
	A							24.5	%		23.8	%		24.0	%		23.8	%		25.1	%					0.6	%
	BBB							41.7	%		41.9	%		41.0	%		40.6	%		40.8	%					-0.9	%
	Below Investment Grade							1.1	%		0.9	%		0.9	%		1.1	%		0.9	%					-0.2	%
	NA							0.1	%		0.1	%		0.1	%		0.0	%		0.1	%					-0.0	%
						Total Fixed Income		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%					—
						Average rating by amortized cost	A			A			A			A			A

							As of March 31, 2026										As of March 31, 2026											As of March 31, 2026
							Market Value			Amortized Cost			Credit Rating				Market Value			Amortized Cost								Market Value			Amortized Cost
Top 25 Exposures															Foreign Exposure (1)										Government Investments (1)
	1	ONEOK Inc					$	15,008		$	15,451		BBB		Canada		$	95,863		$	100,514				AAA			$	—		$	—
	2	Province of Alberta Canada						14,445			15,132		AA-		United Kingdom			39,568			39,086				AA				—			—
	3	Realty Income Corp						13,600			13,965		A-		Australia			27,711			28,176				A				11,528			12,452
	4	Province of Ontario Canada						13,563			13,881		A+		Germany			17,621			17,892				BBB				16,314			16,496
	5	T-Mobile US Inc						13,025			13,004		BBB		Ireland			13,505			13,203				Below Investment Grade				—			—
	6	Manulife Financial Corp						12,923			13,362		A		Italy			11,110			10,855				NA				—			—
	7	Morgan Stanley						12,207			12,137		BBB+		Cayman Islands			9,996			9,933					Total		$	27,842		$	28,948
	8	Province of Quebec Canada						12,164			12,487		AA-		Mexico			9,757			10,520
	9	Enbridge Inc						12,037			12,426		BBB+		Bermuda			9,467			9,375
	10	Province of British Columbia Canada						11,712			12,174		A		Luxembourg			8,036			7,662				Non-Government Investments (1)
	11	Oracle Corp						11,622			12,876		BBB		France			7,580			7,737
	12	Intact Financial Corp						11,463			11,360		A+		Norway			5,717			5,774				AAA			$	—		$	—
	13	Province of New Brunswick Canada						11,396			12,028		A+		Spain			5,600			5,656				AA				9,068			9,082
	14	Parker-Hannifin Corp						11,271			11,388		BBB+		Netherlands			3,340			3,597				A				69,896			70,670
	15	Province of Manitoba Canada						11,190			11,838		A+		Panama			3,126			3,214				BBB				188,332			192,408
	16	Wells Fargo & Co						10,395			10,452		BBB+		Emerging Markets (2)			15,945			16,495				Below Investment Grade				1,884			2,122
	17	Alimentation Couche-Tard Inc						10,352			10,620		BBB+		All Other			13,078			13,539				NA				—			—
	18	Enel SpA						10,216			9,956		BBB			Total	$	297,021		$	303,230					Total		$	269,179		$	274,282
	19	Hercules Capital Inc						9,889			9,965		BBB-
	20	PNC Financial Services Group Inc						9,889			10,050		A-
	21	MPLX LP						9,874			10,028		BBB
	22	Province of Nova Scotia Canada						9,795			10,493		AA-
	23	Amgen Inc						9,757			10,010		BBB+
	24	Goldman Sachs Group Inc						9,755			9,773		A+
	25	Apollo Global Management Inc						9,732			9,982		A
						Total	$	287,280		$	294,836
						% of total fixed income portfolio		6.9	%		6.9	%

(1)US$ denominated investments in issuers outside of the United States based on country of risk.

(2)Emerging markets is as defined by MSCI, Inc. which include Chile, India, Peru, Poland and South Africa.

Note: Investment Portfolio pages in this Financial Supplement exclude the Held to Maturity asset on our balance sheet.

15 of 16

Five-Year Historical Key Statistics PRIMERICA, INC. Financial Supplement

(Dollars in millions)							2021			2022			2023			2024			2025			Q1 2025			Q2 2025			Q3 2025			Q4 2025			Q1 2026			Q2 2026	Q3 2026	Q4 2026
Recruits								349,374			359,735			361,925			445,425			358,316			100,867			80,924			101,156			75,369			84,217
Life-insurance licensed sales force, beginning of period								134,907			129,515			135,208			141,572			151,611			151,611			152,167			152,592			152,200			151,524
	New life-licensed representatives							39,622			45,147			49,096			56,320			48,722			12,339			12,903			12,482			10,998			10,569
	Non-renewal and terminated representatives							(45,014	)		(39,454	)		(42,732	)		(46,281	)		(48,809	)		(11,783	)		(12,478	)		(12,874	)		(11,674	)		(12,361	)
Life-insurance licensed sales force, end of period								129,515			135,208			141,572			151,611			151,524			152,167			152,592			152,200			151,524			149,732
Issued term life policies								323,855			291,918			358,860			370,396			331,787			86,415			89,850			79,379			76,143			74,054
Issued term life face amount							$	108,521		$	103,822		$	119,102		$	122,233		$	111,882		$	28,455		$	30,292		$	27,067		$	26,068		$	25,678
Term life face amount in-force, beginning of period							$	858,818		$	903,404		$	916,808		$	944,609		$	953,583		$	953,583		$	956,981		$	968,312		$	967,024		$	967,612
	Issued term life face amount							108,521			103,822			119,102			122,233			111,882			28,455			30,292			27,067			26,068			25,678
	Terminated term life face amount							(64,798	)		(82,894	)		(94,230	)		(103,872	)		(103,103	)		(24,979	)		(24,795	)		(26,159	)		(27,170	)		(25,578	)
	Foreign currency impact, net							862			(7,524	)		2,929			(9,387	)		5,251			(77	)		5,834			(2,196	)		1,690			(2,041	)
Term life face amount in force, end of period							$	903,404		$	916,808		$	944,609		$	953,583		$	967,612		$	956,981		$	968,312		$	967,024		$	967,612		$	965,671
Estimated annualized issued term life premium
	Premium from new policies						$	297.2		$	271.9		$	302.4		$	318.0		$	289.9		$	74.4		$	78.5		$	69.8		$	67.1		$	64.9
	Additions and increases in premium							77.0			76.7			74.3			74.7			75.6			18.5			20.2			19.0			17.9			18.4
		Total estimated annualized issued term life premium					$	374.2		$	348.5		$	376.6		$	392.7		$	365.4		$	93.0		$	98.7		$	88.8		$	85.0		$	83.3
Investment & Savings product sales							$	11,703.2		$	10,009.0		$	9,211.7		$	12,078.9		$	14,930.2		$	3,559.3		$	3,548.4		$	3,711.9		$	4,110.6		$	4,331.8
Investment & Savings average client asset values							$	89,993		$	87,193		$	89,474		$	105,742		$	119,571		$	113,018		$	113,975		$	123,117		$	128,175		$	129,875
Closed U.S. Mortgage Volume (brokered)							$	1,229.2		$	567.2		$	293.4		$	397.4		$	500.7		$	93.5		$	132.8		$	143.4		$	130.9		$	113.1

16 of 16

FAQ

How did Primerica (PRI) perform financially in Q1 2026?

Primerica delivered solid Q1 2026 results, with total revenues of $872.7 million, up 8% year over year. Net income increased 12% to $190.1 million, and diluted earnings per share rose 18% to $5.97, showing stronger profitability versus the prior-year quarter.

What were Primerica’s Q1 2026 non-GAAP earnings metrics?

On a non-GAAP basis, Primerica reported adjusted operating revenues of $872.3 million, up 9% year over year. Adjusted net operating income was $189.8 million, up 13%, and diluted adjusted operating EPS increased 19% to $5.96, reflecting underlying operating strength.

How did Primerica’s Investment and Savings Products segment perform in Q1 2026?

The Investment and Savings Products segment had a strong quarter, with product sales of $4.3 billion, up 22% year over year. Segment revenues reached $350.6 million, up 21%, while average client asset values climbed 15% to $129.9 billion, aided by equity markets and net inflows.

What were the key results in Primerica’s Term Life Insurance segment for Q1 2026?

Term Life revenues were $464.6 million, up 1% year over year, with adjusted direct premiums rising 4% to $687.6 million. Pre-tax operating income grew 6% to $154.9 million, and the Term Life operating margin improved slightly to 22.5% as the benefits and claims ratio edged lower.

How much capital did Primerica return to shareholders in Q1 2026?

During Q1 2026, Primerica repurchased $135 million of its common stock under its existing authorization. The board also approved a $1.20 per-share dividend, payable on June 12, 2026, to stockholders of record on May 21, 2026, continuing its capital return strategy.

What was Primerica’s return on equity in Q1 2026?

Primerica reported a return on stockholders’ equity (ROE) of 30.6% for Q1 2026. On a non-GAAP basis, the adjusted net operating income return on adjusted stockholders’ equity (ROAE) was 31.5%, indicating strong returns relative to its equity base during the quarter.

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