Primerica (PRI) FY2024 results: revenue $3.1 billion, up 12.4% on the year
Primerica, Inc. (PRI) reported revenue of $3.1 billion for fiscal 2024, the year ended 31 December 2024, up 12.4% on the year before. Net income was $471 million, down 18.4%, and diluted earnings per share $13.71. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2025.
Revenue
$3.1 billion
+12.4% on the year
FY2017FY2024
Operating margin
30.4%
28.1% a year earlier
FY2017FY2024
Net income
$471 million
-18.4% on the year
FY2017FY2024
Diluted EPS
$13.71
-14.0% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
862
693
758
+24.5%
Cash from investing
-232
-90.1
-200
Cash from financing
-551
-480
-458
Depreciation and amortisation
23.4
32.0
34.2
-26.8%
Share-based compensation
25.1
18.9
22.4
+32.6%
Buybacks
425
375
356
+13.3%
Dividends paid
113
93.7
83.8
+20.4%
Dividend per share
$3.30
$2.60
$2.20
+26.9%
Diluted shares, weighted
34m
36m
38m
-5.1%
Shares outstanding at period end
33m
35m
37m
-4.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,259
2,066
2,031
+9.3%
Debt
595
594
593
+0.1%
Other liabilities
11,728
12,368
12,017
-5.2%
Total liabilities and equity
14,582
15,028
14,641
-3.0%
Fixed assets
40.7
37.6
52.7
+8.2%
Goodwill
n/a
128
128
Intangible assets
45.3
45.3
186
0.0%
Securities held for sale or to maturity
4,250
4,106
3,940
+3.5%
Cash and equivalents
688
594
489
+15.8%
Other assets
9,558
10,117
9,846
-5.5%
Total assets
14,582
15,028
14,641
-3.0%
10-K for the year ended 31 December 2024, filed 28 February 2025: the filing.