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Stock research / United States / PRI · Life Insurance · NYSE

Primerica, Inc. (PRI)

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Primerica, Inc. (PRI) reported revenue of $865 million for Q2 FY2026, the quarter ended 30 June 2026, up 9.0% on the same quarter a year earlier. Net income was $202 million, up 13.4% on the year, and diluted earnings per share $6.45. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$865 millionup 9.0%
Net income$202 millionup 13.4%
Diluted EPS$6.45
QuarterQ2 FY2026ended 30 June 2026

Primerica (PRI) in brief

Primerica (PRI) reported revenue of $3.3 billion for fiscal 2025, the year ended 31 December 2025, up 6.6% on the year before.
Read moreNet income was $749 million and diluted earnings per share $22.91. Revenue was $3.1 billion in fiscal 2024, $2.7 billion in fiscal 2023, $2.7 billion in fiscal 2022 and $2.7 billion in fiscal 2021. Net income in the same years was $471 million, $577 million, $472 million and $477 million. Over the twelve months to 30 June 2026, Primerica reported revenue of $3.4 billion and net income of $795 million. Revenue grew 8.2% a year, compounded, over the five years to fiscal 2025. Primerica declared $4.16 a share in dividends over the last four quarters and had 31 million shares outstanding at the latest filed count. At the close of 8 October 2026 the market cap of Primerica was $8.5 billion, 11.1 times its earnings over the last twelve months.

Ratios

From the filings

ROE31.5%
ROCE32.9%
Operating margin29.9%
Net margin23.2%
FCF marginn/a
Interest covern/a
Debt to equity0.24
Cash conversion1.12
Share count, 1 year-5.1%
Sales CAGR, 3 years7.4%
Profit CAGR, 3 years16.6%
EPS, TTM$24.88

At the close of 8 October 2026

Price$275.39
Market cap$8.5 billion
Stock P/E11.07
Price to book3.37
EV / EBITDA8.15
Dividend yield1.5%
Market cap / sales2.48
52-week high$326.41
52-week low$245.55
Price, 1 year2.1%
Price CAGR, 3 years11.2%
Price CAGR, 5 years11.8%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on the borrowings Primerica, Inc. reports under its own heading, which is the only one it files; lease liabilities are separate lines. Nothing here is a valuation or a view.
PRIgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on PRI

Filings15 in twelve months: 8 current reports (8-K), about 4 results of operations; 4 regulation fd disclosure; 1 material agreement; 1 new financial obligation; 1 shareholder vote
Planned insider sales9 Form 144 notices in twelve months, $10.2 million; latest 17 August 2026
Options tapeput/call 0.4 by open interest at the 8 October 2026 close; the straddle prices a 3.4% move to 16 October 2026
13F holders9 of the followed funds hold it; largest FMR LLC; 4 Schedule 13D or 13G filings in twelve months
Insider trading11 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest1.2 million shares short, 7.46 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023 †Q4 FY2023Q1 FY2024 †Q2 FY2024 †Q3 FY2024Q4 FY2024Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue697706736791774788805793840854873865
Cost of revenue12.615.113.515.7n/an/an/an/an/an/an/an/a
Gross profit685691722775n/an/an/an/an/an/an/an/a
Gross margin98%98%98%98%n/an/an/an/an/an/an/an/a
Operating income206200193273255219221234272247249258
Operating margin30%28%26%34%33%28%27%30%32%29%29%30%
Interest expense6.66.66.86.16.1n/a6.06.06.0n/an/an/a
Pre-tax income206200193273255219221234272247249258
Tax rate24%23%23%23%24%23%24%24%24%20%24%22%
Net income1521521381.2194167169178206196190202
Net margin22%22%19%0%25%21%21%22%25%23%22%23%
Diluted EPS$4.23$4.30$3.93$0.03$4.83$4.96$5.05$5.40$6.35$6.11$5.97$6.45
Operating cash flow140241211173207271197163203338157194
Buybacks10672.510914312947.811813312970.1135135
Dividends paid23.322.926.325.830.530.234.734.233.833.338.137.5
Shares outstanding35m35m35m34m34m33m33m33m32m32m31m31m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016 †FY2017FY2018FY2019FY2020FY2021 †FY2022 †FY2023 †FY2024 †FY2025TTM
Revenue1,3371,4051,5191,6891,9002,0532,2182,7102,6572,7493,0893,2923,431
Cost of revenuen/an/an/an/an/an/an/a52.868.455.2n/an/an/a
Gross profitn/an/an/an/an/an/an/a2,657n/an/an/an/an/a
Gross marginn/an/an/an/an/an/an/a98.1%n/an/an/an/an/a
Operating income2762913383804164775076447197729399751,026
Operating margin20.6%20.7%22.2%22.5%21.9%23.2%22.9%23.7%27.0%28.1%30.4%29.6%29.9%
Interest expense34.633.528.728.528.828.828.830.627.226.6n/an/an/a
Pre-tax income2762913383804164775076447197729399751,026
Income tax95.910111829.392.0111121168164181219223230
Effective tax rate34.8%34.7%35.0%7.7%22.1%23.2%23.8%26.0%22.8%23.4%23.3%22.9%22.4%
Net income181190219350324366386477472577471749795
Net margin13.6%13.5%14.4%20.7%17.1%17.9%17.4%17.6%17.8%21.0%15.2%22.7%23.2%
Diluted EPS$3.29$3.70$4.59$7.61$7.33$8.62$9.57$11.99$12.33$15.94$13.71$22.91$24.88
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Term Life Insurance Segment1,6931,7681,82055.3%
Investment and Savings Products Segment8651,0571,24837.9%
Corporate and Other Distributed Products Segment1902642246.8%
Term Life Insurance SegmentInvestment and Savings Products SegmentCorporate and Other Distributed Products Segment
2,749FY20233,089FY20243,292FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2023FY2024FY2025Share
latest year
United States2,3972,6942,85186.6%
Canada35239544113.4%
United StatesCanada
2,749FY20233,089FY20243,292FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

Follow the cashA discounted cash flow: five years of free cash flow, added up in today's moneyNot for Primerica: an insurer's operating cash flow includes premiums it holds to pay claims later, so it is not cash the owners can take out. Book value and return on equity, in the ratios above, are the usual measures for it.

FY2014 †FY2015 †FY2016 †FY2017FY2018FY2019FY2020FY2021 †FY2022 †FY2023 †FY2024 †FY2025TTM
Operating cash flow238259294392478486643657758693862901892
Cash from investing-15.6-58.5-47.9-131-233-202-53.5-923-200-90.1-232-236-284
Cash from financing-176-235-187-193-261-290-302108-458-480-551-600-627
Depreciation and amortisation12.311.014.613.612.418.317.729.834.232.023.419.317.1
Share-based compensation18.014.913.415.317.317.519.016.822.418.925.124.624.7
Buybacks14820015015021022523118.8356375425450469
Dividends paid26.532.833.435.844.157.664.374.683.893.7113136143
Dividend per share$0.48$0.64$0.70$0.78$1.00$1.36$1.60$1.88$2.20$2.60$3.30$4.16n/a
Diluted shares, weighted55m51m47m46m44m42m40m40m38m36m34m33m31m
Shares outstanding at period end52m48m46m44m43m41m39m39m37m35m33m32m31m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015 †FY2016 †FY2017FY2018FY2019FY2020FY2021 †FY2022 †FY2023 †FY2024 †FY2025TTM
Funded by
Shareholders' equity1,2451,1461,2211,4191,4621,6521,8369252,0312,0662,2592,4462,523
Redeemable equityn/an/an/an/an/an/an/a7.3n/an/an/an/an/a
Debt37537337337337437437415.0593594595595596
Other liabilities9,1189,0949,84510,66810,76011,66212,69515,24812,01712,36811,72811,97111,663
Total liabilities and equity10,73810,61211,43912,46112,59513,68914,90516,19614,64115,02814,58215,01214,782
Owned
Fixed assets26.529.427.528.136.046.157.767.052.737.640.739.8n/a
Goodwilln/an/an/an/an/an/an/a179128128n/an/an/a
Intangible assets61.758.354.951.548.145.345.319618645.345.345.345.3
Investmentsn/an/an/an/a8.2n/an/an/an/an/an/an/an/a
Securities held for sale or to maturity1,9792,0972,2962,665n/a3,5413,8114,0823,9404,1064,2504,4414,545
Trading assets7.75.47.46.213.6n/an/an/an/an/an/an/an/a
Cash and equivalents192152212280262257548393489594688756600
Other assets8,4718,2708,8429,43012,2279,79910,44411,2809,84610,1179,5589,7309,591
Total assets10,73810,61211,43912,46112,59513,68914,90516,19614,64115,02814,58215,01214,782
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded8.9%8.2%7.4%8.6%
Profit growth, compounded14.7%14.2%16.6%12.2%
Return on equity, average26.2%30.8%26.5%30.6%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Insurance

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Manulife Financial Corporation MFC *$69.9 billion19.3511.1%n/an/a0.153.4%
Metlife Inc. MET$62.8 billion18.8313.2%8.3%8.7%0.522.3%
Sun Life Financial Inc. SLF *$42.0 billion17.5714.5%n/a8.0%0.333.5%
Prudential Financial Inc. PRU$39.2 billion10.2912.4%7.6%9.4%0.624.8%
Reinsurance Group of America Inc. RGA$16.7 billion11.2411.0%7.2%19.4%0.421.4%
Corebridge Financial, Inc. CRBG$15.3 billion20.128.5%5.4%29.1%0.832.8%
Globe Life Inc. GL$15.3 billion11.0319.7%24.2%5.2%0.480.7%
OLD Republic International Corp. ORI$9.3 billion8.4518.7%14.8%12.1%n/a9.5%
Voya Financial, Inc. VOYA$8.8 billion16.3013.0%9.1%3.2%0.451.9%
Primerica, Inc. PRI$8.5 billion11.0731.5%29.9%8.6%0.241.5%
Kinsale Capital Group, Inc. KNSL$7.7 billion13.7627.9%35.7%15.8%0.110.2%
Brighthouse Financial, Inc. BHF$2.8 billion3.9412.7%14.7%2.6%0.48n/a
All 52 in Insurance
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Berkshire Hathaway Inc. BRK.B$1.09 trillion12.7311.5%15.0%3.9%n/an/a
UnitedHealth Group Inc. UNH$335.7 billion23.8713.5%4.8%6.5%0.672.4%
Chubb Ltd. CB$132.6 billion12.1614.8%23.1%8.0%0.231.1%
Progressive Corp. PGR$127.2 billion10.9734.1%16.2%10.5%0.246.4%
Elevance Health, Inc. ELV$86.9 billion17.8211.1%2.7%6.3%0.691.7%
Marsh & Mclennan Companies, Inc. MRSH$83.0 billion21.2325.8%21.6%8.3%1.272.0%
Travelers Companies, Inc. TRV$77.2 billion9.8725.1%21.1%2.4%0.270.8%
Cigna Group CI$74.3 billion11.6315.1%3.5%7.8%0.682.1%
Manulife Financial Corporation MFC *$69.9 billion19.3511.1%n/an/a0.153.4%
Metlife Inc. MET$62.8 billion18.8313.2%8.3%8.7%0.522.3%
Arthur J. Gallagher & Co. AJG$60.0 billion38.816.6%12.6%26.3%0.571.1%
Aon plc AON$58.8 billion15.2840.8%26.5%4.9%1.351.1%
Allstate Corp. ALL$58.6 billion4.6139.4%23.2%5.9%0.221.7%
Aflac Inc. AFL$57.7 billion12.4016.0%32.0%13.6%0.282.0%
Humana Inc. HUM$46.5 billion36.626.7%1.9%18.3%0.620.9%
Sun Life Financial Inc. SLF *$42.0 billion17.5714.5%n/a8.0%0.333.5%
American International Group, Inc. AIG$40.4 billion14.097.3%13.6%-4.2%0.222.3%
Prudential Financial Inc. PRU$39.2 billion10.2912.4%7.6%9.4%0.624.8%
Hartford Insurance Group, Inc. HIG$35.1 billion8.3722.2%17.3%7.0%0.221.7%
Arch Capital Group Ltd. ACGL$32.8 billion7.5119.5%26.9%0.4%0.185.2%
Centene Corp. CNC$31.9 billionn/a-22.6%-2.8%13.9%0.71n/a
Everest Group, Ltd. EG$27.8 billion7.8912.4%13.4%-5.1%0.032.1%
Willis Towers Watson plc WTW$27.7 billion18.3220.4%22.2%3.0%0.751.2%
W. R. Berkley Corp. WRB$26.7 billion14.7919.6%n/a4.3%n/a2.6%
Cincinnati Financial Corp. CINF$25.4 billion7.7920.0%29.8%19.6%0.052.1%
Principal Financial Group Inc. PFG$23.6 billion15.6412.8%11.9%3.7%0.362.8%
Loews Corp. L$22.0 billion13.208.8%12.3%3.5%0.470.2%
Brown & Brown, Inc. BRO$21.0 billion20.119.6%n/a34.2%0.621.0%
Reinsurance Group of America Inc. RGA$16.7 billion11.2411.0%7.2%19.4%0.421.4%
Corebridge Financial, Inc. CRBG$15.3 billion20.128.5%5.4%29.1%0.832.8%
Globe Life Inc. GL$15.3 billion11.0319.7%24.2%5.2%0.480.7%
Unum Group UNM$14.7 billion21.596.5%6.8%3.4%0.351.9%
Equitable Holdings, Inc. EQH$14.6 billionn/an/a-5.7%-22.1%n/a2.0%
Renaissancere Holdings Ltd. RNR$13.9 billion5.6522.3%39.6%-14.0%0.200.5%
Assurant, Inc. AIZ$13.5 billion13.0317.4%9.9%9.4%0.351.2%
Erie Indemnity Co. ERIE$11.8 billion20.5223.4%17.9%3.7%0.00n/a
American Financial Group Inc. AFG$11.8 billion12.4119.8%14.5%-0.2%0.385.1%
Fidelity National Financial, Inc. FNF$10.7 billion13.8610.4%11.3%13.0%0.595.1%
Molina Healthcare, Inc. MOH$10.2 billionn/a-0.2%0.5%2.6%0.90n/a
OLD Republic International Corp. ORI$9.3 billion8.4518.7%14.8%12.1%n/a9.5%
Voya Financial, Inc. VOYA$8.8 billion16.3013.0%9.1%3.2%0.451.9%
Primerica, Inc. PRI$8.5 billion11.0731.5%29.9%8.6%0.241.5%
Kinsale Capital Group, Inc. KNSL$7.7 billion13.7627.9%35.7%15.8%0.110.2%
Hanover Insurance Group, Inc. THG$7.7 billion10.5920.6%15.4%5.6%0.23n/a
First American Financial Corp. FAF$6.4 billion8.7013.3%12.3%22.6%n/a3.5%
Mgic Investment Corp. MTG$5.8 billion8.7114.1%74.0%-1.9%0.132.2%
Essent Group Ltd. ESNT$5.7 billion8.8712.0%62.0%4.3%0.082.1%
RLI Corp. RLI$5.2 billion11.8325.0%28.0%8.7%0.174.7%
Selective Insurance Group Inc. SIGI$5.1 billion10.5613.6%11.5%7.0%0.251.8%
CNO Financial Group, Inc. CNO$5.0 billion18.4010.8%13.3%6.0%0.521.3%
Brighthouse Financial, Inc. BHF$2.8 billion3.9412.7%14.7%2.6%0.48n/a
Ryan Specialty Holdings, Inc. RYANn/an/a19.4%14.8%14.4%7.13n/a
9 companies share its SEC industry code (Life Insurance); the rest are the names nearest in size in its wider industry, Insurance, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 20267 May 2026EDGAR
10-K31 December 202527 February 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K31 December 202428 February 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 20248 August 2024EDGAR
10-Q31 March 20247 May 2024EDGAR

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