See more : Shin-Nihon Tatemono Co.,Ltd. (8893.T) Income Statement Analysis – Financial Results
Complete financial analysis of Primerica, Inc. (PRI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Primerica, Inc., a leading company in the Insurance – Life industry within the Financial Services sector.
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Primerica, Inc. (PRI)
About Primerica, Inc.
Primerica, Inc., together with its subsidiaries, provides financial products to middle-income households in the United States and Canada. The company operates in four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products. The Term Life Insurance segment underwrites individual term life insurance products. The Investment and Savings Products segment provides mutual funds and various retirement plans, managed investments, variable and fixed annuities, and fixed indexed annuities. The Senior Health segment offers segregated funds; and medicare advantage and supplement products. The Corporate and Other Distributed Products segment provides mortgage loans; prepaid legal services that assist subscribers with legal matters, such as drafting wills, living wills and powers of attorney, trial defense, and motor vehicle-related matters; ID theft defense services; auto and homeowners' insurance; home automation solutions; and insurance products, including supplemental health, accidental death, and disability for small businesses. It distributes and sells its products through a network of 129,515 licensed sales representatives. Primerica, Inc. was founded in 1927 and is headquartered in Duluth, Georgia.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.82B | 2.72B | 2.71B | 2.22B | 2.05B | 1.90B | 1.69B | 1.52B | 1.41B | 1.34B | 1.27B | 1.19B | 1.10B | 1.36B | 2.22B | 2.20B | 2.39B |
| Cost of Revenue | 336.65M | 320.39M | 296.85M | 245.20M | 237.14M | 229.61M | 189.30M | 181.62M | 174.36M | 174.36M | 187.21M | 164.72M | 165.53M | 180.78M | 0.00 | 0.00 | 0.00 |
| Gross Profit | 2.48B | 2.40B | 2.41B | 1.97B | 1.82B | 1.67B | 1.50B | 1.34B | 1.23B | 1.17B | 1.08B | 1.03B | 937.57M | 1.18B | 2.22B | 2.20B | 2.39B |
| Gross Profit Ratio | 88.04% | 88.22% | 89.05% | 88.94% | 88.45% | 87.91% | 88.79% | 88.04% | 87.59% | 86.99% | 85.23% | 86.17% | 84.99% | 86.73% | 100.00% | 100.00% | 100.00% |
| Research & Development | 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 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 235.46M | 235.41M | 202.61M | 188.12M | 178.82M | 168.16M | 147.28M | 132.35M | 123.03M | 113.87M | 103.89M | 90.89M | 0.00 | 0.00 | 749.03M | 1.08B | 694.95M |
| Selling & Marketing | 457.44M | 462.76M | 522.31M | 376.64M | 357.20M | 335.38M | 297.99M | 272.82M | 274.89M | 268.78M | 232.24M | 204.57M | 210.60M | 199.83M | 197.14M | 271.95M | 324.52M |
| SG&A | 692.90M | 698.17M | 724.91M | 564.75M | 536.02M | 503.54M | 445.27M | 405.16M | 397.92M | 382.65M | 336.12M | 295.46M | 210.60M | 199.83M | 946.18M | 1.35B | 1.02B |
| Other Expenses | 0.00 | 320.39M | -2.27B | -1.77B | -1.63B | -1.45B | -1.09B | -652.80M | -617.37M | 0.00 | -794.03M | -726.01M | -844.36M | -960.90M | -2.41B | -3.20B | -2.50B |
| Operating Expenses | 692.90M | 320.39M | -2.27B | -1.77B | -1.63B | -1.45B | -1.09B | 1.12B | 984.43M | 985.83M | -794.03M | -726.01M | -633.76M | -761.07M | -1.46B | -1.84B | -1.48B |
| Cost & Expenses | 692.90M | 2.23B | 2.20B | 1.71B | 1.58B | 1.48B | 1.31B | 1.18B | 1.11B | 1.06B | 1.02B | 923.83M | 827.25M | 962.72M | 1.46B | 1.84B | 1.48B |
| Interest Income | 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 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 26.59M | 27.24M | 30.62M | 28.84M | 28.81M | 28.81M | 28.49M | 28.69M | 33.51M | 34.57M | 35.02M | 33.10M | 27.97M | 20.87M | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 31.96M | 34.17M | 29.84M | 17.70M | 18.30M | 12.42M | 13.55M | 14.60M | 11.00M | 12.27M | 10.80M | 10.10M | 10.73M | 10.06M | 10.34M | 12.94M | 12.42M |
| EBITDA | 2.60B | 681.39M | 703.98M | 553.27M | 524.22M | 1.62B | 1.48B | 399.76M | 348.53M | 179.83M | 290.83M | 309.49M | 314.54M | 430.41M | 770.30M | 365.97M | 925.59M |
| EBITDA Ratio | 92.21% | 19.46% | 17.26% | 20.90% | 21.43% | 24.07% | 24.96% | 25.07% | 23.87% | 24.19% | 23.43% | 26.04% | 28.51% | 31.58% | 34.69% | 16.66% | 38.72% |
| Operating Income | 1.79B | 526.02M | 437.97M | 445.66M | 421.59M | 444.89M | 408.01M | 219.41M | 179.83M | 179.83M | 286.22M | 299.99M | 303.81M | 420.02M | 759.96M | 353.04M | 913.17M |
| Operating Income Ratio | 63.44% | 19.34% | 16.16% | 20.10% | 20.54% | 23.42% | 24.16% | 14.44% | 12.80% | 13.42% | 22.58% | 25.19% | 27.54% | 30.84% | 34.23% | 16.07% | 38.20% |
| Total Other Income/Expenses | -1.03B | -1.47B | -260.80M | -1.20B | -1.09B | -750.61M | -675.02M | 118.18M | 101.11M | 95.89M | -647.87M | -33.10M | -451.12M | -582.11M | -61.39M | -12.94M | -6.33M |
| Income Before Tax | 751.68M | 493.75M | 511.17M | 506.73M | 477.11M | 416.08M | 379.52M | 337.60M | 290.98M | 275.72M | 251.20M | 266.89M | 275.84M | 399.14M | 759.96M | 353.04M | 913.17M |
| Income Before Tax Ratio | 26.70% | 18.15% | 18.86% | 22.85% | 23.25% | 21.90% | 22.47% | 22.22% | 20.71% | 20.58% | 19.82% | 22.41% | 25.01% | 29.31% | 34.23% | 16.07% | 38.20% |
| Income Tax Expense | 175.08M | 125.78M | 139.19M | 120.57M | 110.72M | 91.99M | 29.27M | 118.18M | 101.11M | 95.89M | 88.47M | 93.08M | 97.57M | 141.37M | 265.37M | 185.35M | 319.54M |
| Net Income | 576.60M | 373.01M | 373.36M | 386.16M | 366.39M | 324.09M | 350.26M | 219.41M | 189.87M | 181.41M | 162.73M | 173.81M | 178.28M | 257.78M | 494.59M | 167.68M | 593.63M |
| Net Income Ratio | 20.48% | 13.71% | 13.78% | 17.41% | 17.85% | 17.06% | 20.74% | 14.44% | 13.51% | 13.54% | 12.84% | 14.60% | 16.16% | 18.93% | 22.27% | 7.63% | 24.83% |
| EPS | 15.97 | 9.82 | 9.44 | 9.60 | 8.65 | 7.39 | 7.63 | 4.59 | 3.70 | 3.29 | 2.87 | 2.77 | 2.11 | 3.09 | 6.59 | 2.24 | 7.92 |
| EPS Diluted | 15.94 | 9.79 | 9.42 | 9.57 | 8.62 | 7.37 | 7.61 | 4.59 | 3.70 | 3.29 | 2.83 | 2.71 | 2.08 | 3.06 | 6.59 | 2.24 | 7.92 |
| Weighted Avg Shares Out | 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 | 72.10M | 72.71M | 75.00M | 75.00M |
| Weighted Avg Shares Out (Dil) | 36.03M | 38.11M | 39.65M | 40.19M | 42.31M | 43.99M | 45.69M | 47.45M | 50.91M | 54.60M | 56.62M | 62.40M | 73.11M | 72.88M | 72.71M | 75.00M | 75.00M |
SURVEY: Middle-Income Americans Split on Outlook for Personal Finances
DULUTH, Ga.--(BUSINESS WIRE)--Primerica, Inc. (NYSE: PRI), a leading provider of financial services and products in the United States and Canada, released its Financial Security Monitor™ (FSM™) survey for the fourth quarter of 2023 showing middle-income Americans evenly split on the...
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DULUTH, Ga.--(BUSINESS WIRE)--Primerica, Inc. (NYSE:PRI) announced today that it will hold a webcast on Wednesday, February 14, 2024, at 10:00 a.m. Eastern time to discuss the Company's results for the quarter ended December 31, 2023, as well as other business-related...
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DULUTH, Ga.--(BUSINESS WIRE)--Primerica, Inc. (NYSE: PRI), a leading provider of financial services in the United States and Canada, announced today the release of the Primerica Household Budget Index™ (HBI™), a monthly index illustrating the purchasing power of middle-income households with...
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DULUTH, Ga.--(BUSINESS WIRE)--Primerica, Inc. (NYSE:PRI), a leading provider of financial products and services to middle-income families in the United States and Canada, today announced the promotion of Tracy Tan, Executive Vice President of Finance, to the position of Chief Financial...
SPECIAL REPORT: Even as Inflation Drops, Financial Challenges Remain for Middle-Income Families
DULUTH, Ga.--(BUSINESS WIRE)--Primerica, Inc. (NYSE: PRI), a leading provider of financial services in the United States and Canada, released a special report titled, “Perception vs. Reality: Examining Middle-Income Households' Financial Outlook Heading into 2024.” The report finds that while the...
Primerica Board of Directors Elects Former GE Executive Darryl Wilson as Newest Board Member
DULUTH, Ga.--(BUSINESS WIRE)--Primerica, Inc. (NYSE:PRI) today announced the election of Darryl L. Wilson to fill the vacancy in the Company's Board of Directors. His term will begin on February 17, 2024. Mr. Wilson is the founder, chairman and president of...
Primerica Household Budget Index™: Middle-Income Households Saw Improving Financial Conditions in October
DULUTH, Ga.--(BUSINESS WIRE)--Primerica, Inc. (NYSE: PRI), a leading provider of financial services and products in the United States and Canada, announced today the release of the Primerica Household Budget Index™ (HBI™), a monthly index illustrating the purchasing power of middle-income...
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A compelling portfolio, strong market presence and solid capital position poise Primerica (PRI) for growth.
Source: https://incomestatements.info
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