Primerica, Inc. - Understand $pri stock

$PRI Market Cap: $9.941 Billion

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Financial Snapshot

Revenue

$3.047B

TTM

Gross Margin

91.66%

TTM

Net Earnings

$454.7M

TTM

Current Assets

Current Liabilities

$142.2M

Q3 2024

Current Ratio

Total Assets

$14.82B

Q3 2024

Total Liabilities

$12.87B

Q3 2024

Book Value

$1.947B

Q3 2024

Cash

$550.1M

Q3 2024

P/E

21.86

Nov 29, 2024 EST

Free Cash Flow

$785.6M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Revenue	$2.816B	$2.720B	$2.710B	$2.218B	$2.053B	$1.900B	$1.689B	$1.519B	$1.405B	$1.339B	$1.229B	$1.154B	$1.103B	$1.362B	$2.220B	$2.197B	$2.390B	$2.254B
YoY Change	3.51%	0.38%	22.2%	8.04%	8.04%	12.48%	11.19%	8.1%	4.98%	8.92%	6.52%	4.59%	-19.0%	-38.67%	1.07%	-8.09%	6.04%	0.32%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Revenue	$2.816B	$2.720B	$2.710B	$2.218B	$2.053B	$1.900B	$1.689B	$1.519B	$1.405B	$1.339B	$1.229B	$1.154B	$1.103B	$1.362B	$2.220B	$2.197B	$2.390B	$2.254B
Cost Of Revenue	$55.23M	$68.43M	$52.79M	$615.6M	$493.8M	$457.6M	$416.0M	$367.7M	$339.3M	$311.4M	$279.9M	$254.0M	$242.7M
Gross Profit	$2.760B	$2.652B	$2.657B	$1.602B	$1.559B	$1.442B	$1.273B	$1.151B	$1.066B	$1.027B	$949.1M	$899.7M	$860.4M
Gross Profit Margin	98.04%	97.48%	98.05%	72.24%	75.94%	75.91%	75.37%	75.8%	75.85%	76.74%	77.22%	77.98%	78.0%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Selling, General & Admin	$457.4M	$462.8M	$522.3M	$376.6M	$357.2M	$335.4M	$298.0M	$272.8M	$274.9M	$268.8M	$232.2M	$204.6M	$191.7M	$180.1M	$162.8M	$248.0M	$296.5M	$265.7M
YoY Change	-1.15%	-11.4%	38.69%	5.43%	6.5%	12.55%	9.24%	-0.76%	2.27%	15.76%	13.49%	6.73%	6.44%	10.63%	-34.35%	-16.36%	11.59%	6.62%
% of Gross Profit	16.57%	17.45%	19.66%	23.51%	22.92%	23.26%	23.41%	23.69%	25.79%	26.17%	24.47%	22.74%	22.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$21.70M	$24.10M	$24.60M	$18.00M	$15.70M	$9.000M	$10.10M	$11.20M	$7.600M	$7.000M	$7.300M	$6.100M	$7.300M	$6.900M	$352.3M	$157.4M	$333.5M	$295.8M
YoY Change	-9.96%	-2.03%	36.67%	14.65%	74.44%	-10.89%	-9.82%	47.37%	8.57%	-4.11%	19.67%	-16.44%	5.8%	-98.04%	123.8%	-52.8%	12.75%
% of Gross Profit	0.79%	0.91%	0.93%	1.12%	1.01%	0.62%	0.79%	0.97%	0.71%	0.68%	0.77%	0.68%	0.85%
Operating Expenses	$2.037B	$2.139B	$2.083B	$1.682B	$1.547B	$1.455B	$1.281B	$1.153B	$1.080B	$1.027B	$949.0M	$854.5M	$831.2M	$979.5M	$1.479B	$1.674B	$1.477B	$1.376B
YoY Change	-4.76%	2.69%	23.85%	8.75%	6.3%	13.58%	11.12%	6.77%	5.15%	8.2%	11.06%	2.8%	-15.14%	-33.75%	-11.65%	13.29%	7.36%	1.1%
Operating Profit	$723.0M	$512.6M	$573.9M	-$79.93M	$12.08M	-$12.64M	-$7.917M	-$1.371M	-$13.70M	$407.0K	$67.00K	$45.22M	$29.20M
YoY Change	41.07%	-10.69%	-818.06%	-761.44%	-195.6%	59.66%	477.46%	-89.99%	-3466.34%	507.46%	-99.85%	54.89%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Interest Expense	$26.59M	$27.24M	$30.62M	$28.84M	$28.81M	$28.81M	$28.49M	-$28.70M	$33.51M	$34.57M	$35.02M	$33.10M	$27.97M	$20.87M	$0.00	$0.00
YoY Change	-2.36%	-11.04%	6.17%	0.1%	0.01%	1.13%	-199.26%	-185.65%	-3.07%	-1.28%	5.79%	18.35%	34.0%
% of Operating Profit	3.68%	5.31%	5.33%		238.42%					8493.86%	52265.67%	73.19%	95.79%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Pretax Income	$751.7M	$493.7M	$511.2M	$506.7M	$477.1M	$416.1M	$379.5M	$337.6M	$291.0M	$275.7M	$245.0M	$266.1M	$243.9M	$361.5M	$741.8M	$328.4M	$913.2M	$878.2M
YoY Change	52.24%	-3.41%	0.88%	6.21%	14.67%	9.63%	12.42%	16.02%	5.53%	12.54%	-7.93%	9.11%	-32.52%	-51.27%	125.88%	-64.04%	3.99%	-0.89%
Income Tax	$175.1M	$125.8M	$139.2M	$120.6M	$110.7M	$91.99M	$29.27M	$118.2M	$101.1M	$95.89M	$86.31M	$92.81M	$86.72M	$129.0M	$259.1M	$177.1M	$319.5M	$276.2M
% Of Pretax Income	23.29%	25.47%	27.23%	23.79%	23.21%	22.11%	7.71%	35.01%	34.75%	34.78%	35.23%	34.88%	35.55%	35.69%	34.93%	53.93%	34.99%	31.45%
Net Earnings	$576.6M	$373.0M	$373.4M	$386.2M	$366.4M	$324.1M	$350.3M	$219.4M	$189.9M	$181.4M	$162.7M	$173.8M	$157.2M	$232.5M	$482.7M	$151.4M	$593.6M	$602.0M
YoY Change	54.58%	-0.09%	-3.32%	5.4%	13.05%	-7.47%	59.63%	15.56%	4.66%	11.48%	-6.38%	10.57%	-32.38%	-51.84%	218.81%	-74.49%	-1.4%	1.45%
Net Earnings / Revenue	20.48%	13.71%	13.78%	17.41%	17.85%	17.06%	20.74%	14.44%	13.51%	13.55%	13.24%	15.06%	14.25%	17.07%	21.74%	6.89%	24.83%	26.71%
Basic Earnings Per Share	$15.97	$9.77	$9.41	$9.60	$8.65	$7.35	$7.63	$4.59	$3.70	$3.29	$2.87	$2.77	$2.11	$3.09
Diluted Earnings Per Share	$15.94	$9.74	$9.38	$9.57	$8.62	$7.33	$7.61	$4.59	$3.70	$3.29	$2.83	$2.71	$2.08	$3.06	$6.436M	$2.019M	$7.915M	$8.027M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Cash & Short-Term Investments
YoY Change
Cash & Equivalents	$613.1M	$489.2M	$392.5M	$548.0M	$257.0M	$262.0M	$280.0M	$212.0M	$152.0M	$192.0M	$149.0M	$112.0M	$136.0M	$126.0M	$603.0M	$302.0M	$625.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets																	$38.00M
YoY Change
Property, Plant & Equipment	$92.46M	$93.86M	$116.0M	$105.0M	$94.00M	$36.00M	$28.00M	$27.00M	$59.00M	$26.00M		$13.00M	$13.00M	$16.00M	$13.00M	$15.00M	$21.00M
YoY Change	-1.49%	-19.06%	10.44%	11.7%	161.11%	28.57%	3.7%	-54.24%	126.92%			0.0%	-18.75%	23.08%	-13.33%	-28.57%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$4.206B	$4.098B	$4.264B	$3.895B	$3.658B	$3.131B	$2.745B	$2.379B	$2.179B	$2.068B	$1.835B	$1.957B	$2.022B	$2.154B	$6.471B	$5.355B	$5.494B
YoY Change	2.64%	-3.91%	9.48%	6.48%	16.83%	14.06%	15.38%	9.18%	5.37%	12.7%	-6.23%	-3.21%	-6.13%	-66.71%	20.84%	-2.53%
Other Assets	$116.6M	$101.3M	$81.80M	$69.00M	$69.00M	$59.00M	$49.00M	$37.00M	$30.00M	$36.00M	$32.00M	$17.00M	$0.00
YoY Change	15.06%	23.88%	18.55%	0.0%	16.95%	20.41%	32.43%	23.33%	-16.67%	12.5%	88.24%
Total Long-Term Assets																	$12.14B
YoY Change
Total Assets	$15.03B	$15.35B	$16.12B	$14.91B	$13.69B	$12.60B	$12.46B	$11.44B	$10.61B	$10.74B	$10.33B	$10.34B	$9.852B	$9.884B	$13.72B	$11.16B	$12.18B
YoY Change
Accounts Payable														$0.00	$203.0M	$40.00M	$53.00M
YoY Change														-100.0%	407.5%	-24.53%
Accrued Expenses	$61.36M	$46.00M	$53.92M	$53.00M	$53.00M
YoY Change	33.4%	-14.7%	1.74%	0.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$15.00M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change		-100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$183.8M	$183.8M	$178.8M	$146.0M	$102.0M	$75.00M	$115.0M	$100.0M	$78.00M	$65.00M	$90.00M	$255.0M	$231.0M	$318.0M	$1.604B	$603.0M	$875.0M
YoY Change	0.0%	2.82%	22.44%	43.14%	36.0%	-34.78%	15.0%	28.21%	20.0%	-27.78%	-64.71%	10.39%	-27.36%	-80.17%	166.0%	-31.09%
Long-Term Debt	$1.981B	$2.038B	$1.972B	$1.721B	$1.558B	$1.343B	$1.110B	$875.0M	$737.0M	$595.0M	$374.0M	$374.0M	$300.0M	$300.0M	$0.00	$0.00	$0.00
YoY Change	-2.81%	3.37%	14.57%	10.46%	16.01%	20.99%	26.86%	18.72%	23.87%	59.09%	0.0%	24.67%	0.0%
Other Long-Term Liabilities	$582.9M	$580.0M	$614.7M	$565.0M	$510.0M	$487.0M	$451.0M	$450.0M	$409.0M	$411.0M	$378.0M	$359.0M	$381.0M	$386.0M	$273.0M	$306.0M	$294.0M
YoY Change	0.51%	-5.65%	8.8%	10.78%	4.72%	7.98%	0.22%	10.02%	-0.49%	8.73%	5.29%	-5.77%	-1.3%	41.39%	-10.78%	4.08%
Total Long-Term Liabilities	$2.564B	$2.618B	$2.586B	$2.286B	$2.068B	$1.830B	$1.561B	$1.325B	$1.146B	$1.006B	$752.0M	$733.0M	$681.0M	$686.0M	$273.0M	$306.0M	$294.0M
YoY Change	-2.08%	1.23%	13.14%	10.54%	13.01%	17.23%	17.81%	15.62%	13.92%	33.78%	2.59%	7.64%	-0.73%	151.28%	-10.78%	4.08%
Total Liabilities	$12.96B	$13.63B	$14.04B	$13.07B	$12.04B	$11.13B	$11.04B	$10.22B	$9.465B	$9.492B	$9.108B	$9.062B	$8.525B	$8.453B	$8.771B	$7.049B	$7.396B
YoY Change	-4.88%	-2.94%	7.44%	8.58%	8.1%	0.83%	8.06%	7.96%	-0.28%	4.22%	0.51%	6.3%	0.85%	-3.63%	24.43%	-4.69%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	35.95M	38.00M	39.53M	40.07M	42.18M	43.85M	45.60M	47.41M	50.88M	54.57M	55.83M	61.06M	72.28M shares	72.10M shares
Diluted Shares Outstanding	36.03M	38.11M	39.65M	40.19M	42.31M	43.99M	45.69M	47.45M	50.91M	54.60M	56.63M	62.40M	73.11M shares	72.88M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $9.9407 Billion

About Primerica, Inc.

Primerica, Inc. engages in the provision of financial products to middle-income households. The company is headquartered in Duluth, Georgia and currently employs 2,849 full-time employees. The company went IPO on 2010-04-01. The firm's segments include Term Life Insurance, Investment and Savings Products, Senior Health, and Corporate and Other Distributed Products. The company offers term life insurance to clients in the United States, its territories, the District of Columbia and Canada. The Investment and Savings Products segment includes retail and managed mutual funds and annuities distributed through licensed broker-dealer subsidiaries and includes segregated funds, an insurance savings product that it has underwritten in Canada through Primerica Life Canada. The company also provides transfer agent recordkeeping functions and non-bank custodial services. The Senior Health segment consists of the distribution of Medicare-related insurance products underwritten by third-party health insurance carriers to eligible Medicare beneficiaries through e-TeleQuote’s licensed health insurance agents.

Industry: Life Insurance Peers: American National Group Inc. Brighthouse Financial, Inc. CNO Financial Group, Inc. GLOBE LIFE INC. LINCOLN NATIONAL CORP METLIFE INC PRINCIPAL FINANCIAL GROUP INC PRUDENTIAL FINANCIAL INC Unum Group TRUPANION, INC.