Primerica (PRI) FY2022 results: revenue $2.7 billion, down 1.9% on the year
Primerica, Inc. (PRI) reported revenue of $2.7 billion for fiscal 2022, the year ended 31 December 2022, down 1.9% on the year before. Net income was $472 million, down 1.1%, and diluted earnings per share $12.33. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2023.
Revenue
$2.7 billion
-1.9% on the year
FY2015FY2022
Operating margin
27.0%
23.7% a year earlier
FY2015FY2022
Net income
$472 million
-1.1% on the year
FY2015FY2022
Diluted EPS
$12.33
+2.8% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. 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.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
758
657
643
+15.3%
Cash from investing
-200
-923
-53.5
Cash from financing
-458
108
-302
Depreciation and amortisation
34.2
29.8
17.7
+14.5%
Share-based compensation
22.4
16.8
19.0
+32.8%
Buybacks
356
18.8
231
+1,800.2%
Dividends paid
83.8
74.6
64.3
+12.3%
Dividend per share
$2.20
$1.88
$1.60
+17.0%
Diluted shares, weighted
38m
40m
40m
-3.9%
Shares outstanding at period end
37m
39m
39m
-6.5%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
2,031
925
1,836
+119.5%
Redeemable equity
n/a
7.3
n/a
Debt
593
15.0
374
+3,852.7%
Other liabilities
12,017
15,248
12,695
-21.2%
Total liabilities and equity
14,641
16,196
14,905
-9.6%
Fixed assets
52.7
67.0
57.7
-21.4%
Goodwill
128
179
n/a
-28.7%
Intangible assets
186
196
45.3
-5.3%
Securities held for sale or to maturity
3,940
4,082
3,811
-3.5%
Cash and equivalents
489
393
548
+24.6%
Other assets
9,846
11,280
10,444
-12.7%
Total assets
14,641
16,196
14,905
-9.6%
10-K for the year ended 31 December 2022, filed 28 February 2023: the filing.