A Business at a Glance
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Primerica, Inc. (“Primerica” or the “Parent Company” and, together with its direct and indirect subsidiaries, “we”, “us” or the “Company”) is a leading provider of financial products and services to middle-income households in the United States and Canada with 151,524 life insurance-licensed sales representatives as of December 31, 2025. These independent licensed representatives (“independent sales representatives” or “independent sales force”) assist our clients in meeting their needs for term life insurance, which we underwrite, and mutual funds, annuities, managed investments, and other financial products, which we distribute primarily on behalf of third parties. We insured over 5.5 million lives and had approximately 3.1 million client investment accounts as of December 31, 2025. Our business model uniquely positions us to reach underserved middle-income consumers in a cost-effective manner and has proven itself in both favorable and challenging economic environments.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 3.3B | 3.3B | 3.1B | 2.7B | 2.7B | 2.7B |
| Net Income | 749M | 749M | 718M | 589M | 552M | 475M |
| EPS | $22.91 | $22.91 | $13.71 | $15.94 | $12.33 | $11.99 |
| Free Cash Flow | 901M | 901M | 862M | 693M | 758M | 657M |
| ROIC | 32.9% | 25.4% | 26.0% | 22.3% | 26.7% | 25.5% |
| Gross Margin | 29.6% | 29.6% | 30.4% | 74.6% | 73.6% | 75.8% |
| Debt/Equity | 0.24 | 0.24 | 0.26 | 0.29 | 0.29 | 0.64 |
| Dividends/Share | $4.16 | $4.16 | $3.30 | $2.60 | $2.20 | $1.88 |
| Operating Income | 975M | 975M | 939M | 772M | 719M | 644M |
| Operating Margin | 29.6% | 29.6% | 30.4% | 28.1% | 27.0% | 23.7% |
| ROE | 30.6% | 31.8% | 33.2% | 28.7% | 37.4% | 34.4% |
| Shares Outstanding | 33M | 33M | 52M | 37M | 45M | 40M |
Primerica, Inc. passes 7 of 9 quality checks, indicating strong fundamentals.
Primerica, Inc. trades at 11.7x trailing earnings, compared to its 15-year median P/E of 12.8x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 9.7x vs a median of 9.7x. The company's 5-year average ROIC is 25.2% with a gross margin of 56.8%. Total shareholder yield (dividends + buybacks) is 6.7%. At current prices, the estimated annualized return to fair value is +13.9%.
Primerica, Inc. (PRI) has a current P/E ratio of 11.7, compared to its historical median P/E of 12.8. The stock is currently considered Fair based on its historical valuation range.
Primerica, Inc. (PRI) has a 5-year average return on invested capital (ROIC) of 25.2%. This indicates strong capital allocation and a potential competitive advantage.
Primerica, Inc. (PRI) has a market capitalization of $8.7B. It is classified as a mid-cap stock.
Yes, Primerica, Inc. (PRI) pays a dividend with a trailing twelve-month yield of 1.56%. The company also returns capital through share buybacks, with a buyback yield of 5.15%.
Based on historical P/E analysis, Primerica, Inc. (PRI) appears fair. The current P/E of 11.7 is 9% below its historical median of 12.8. The estimated fair value CAGR (P/E method) is 14.5%.
Primerica, Inc. (PRI) operates in the Life Insurance industry, within the Financials sector.
Primerica, Inc. (PRI) reported annual revenue of $3.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
Primerica, Inc. (PRI) has a net profit margin of 22.7%. This is a strong margin indicating high profitability.
Primerica, Inc. (PRI) generated $901 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Primerica, Inc. (PRI) has a debt-to-equity ratio of 0.24. This indicates a conservatively financed balance sheet.
Primerica, Inc. (PRI) reported earnings per share (EPS) of $22.91 in its most recent fiscal year.
Primerica, Inc. (PRI) has a return on equity (ROE) of 31.8%. This indicates the company generates strong returns for shareholders.
Primerica, Inc. (PRI) has a 5-year average gross margin of 56.8%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for Primerica, Inc. (PRI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Primerica, Inc. (PRI) has a book value per share of $74.84, based on its most recent annual SEC filing.