PRI

Primerica, Inc.

Ticker: PRIFinancialsLife Insurance
HQ DULUTH, GACIK 1475922FY end 12-31Book / share $80.14Shares 31M
Revenue (FY)
$3.29B+6.56%
TTM $3.43B
Op. margin
29.63%-0.70%
TTM 29.81%
Net income
$751.23M+59.66%
TTM $796.21M
Operating cash
$901.18M+4.53%
TTM $891.75M
Free cash flow
$875.13M+5.07%
TTM $842.16M
Return on equity
30.71%+9.89%
TTM 31.56%
Debt / equity
0.72-0.12%
TTM 0.66
Shares outstanding
32.7M-4.44%
TTM 31.5M

The business

Primerica, Inc. (NYSE: PRI) operates as a leading provider of financial products and services to middle-income households in the United States and Canada. The company's website is www.primerica.com.

The company serves middle-income consumers, defined as households with annual income between $30,000 and $130,000, representing approximately 52 percent of U.S. households. Primerica operates through three primary reportable segments: Term Life Insurance, Investment and Savings Products, and Corporate and Other Distributed Products. The Term Life Insurance segment generates recurring revenues from a large in-force block of policies, with approximately 80 to 90 percent of mortality risk reinsured to create a fee-based revenue model. The Investment and Savings Products segment provides entirely fee-based revenues through sales commissions and investment advisory fees on mutual funds, annuities, managed investments, and segregated fund products distributed on behalf of third-party manufacturers and managers.

As of December 31, 2025, Primerica maintained a network of 151,524 life insurance-licensed independent sales representatives operating through approximately 6,000 field offices in 3,200 locations. The company insured over 5.5 million lives and managed approximately 3.1 million client investment accounts. Independent sales representatives operate as independent contractors building their own businesses, with Regional Vice Presidents serving as sales leaders who establish and operate field offices.

The company's distribution model emphasizes accessibility and scalability through a warm-market approach where independent sales representatives typically serve friends, family members, and personal acquaintances. Primerica provides proprietary tools and technology, including its Financial Needs Analysis tool, Primerica Online portal, and mobile application, to support representatives in building their businesses and serving clients. The company was incorporated as a Delaware corporation in October 2009 and completed its initial public offering in April 2010 following a transfer of businesses from Citigroup, Inc. Primerica conducts U.S. operations through Primerica Financial Services, Primerica Life Insurance Company, and PFS Investments Inc., while Canadian operations are conducted through Primerica Life Insurance Company of Canada and related entities.

Sector
Financials
Industry
Life Insurance
HQ
DULUTH, GA
FY end
12-31
CIK
1475922
SIC
6311
Financial performance · annual
20132025
$-343.13M$686.26M$1.72B$2.75B$3.77B2013201420152016201720182019202020212022202320242025TTMTTMTTM

Ownership

Who holds Primerica, Inc. — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

390
funds hold it
1 of 35
superinvestors hold it
$3.87B
fund-held value
44.7%
of shares held by funds
1
bond issues held by funds

Top fund holders

Fund% of fundValue
iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.24%$303.28M
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%$283.33M
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.11%$204.70M
Fidelity Low-Priced Stock Fund
FLPSX · Fidelity Puritan Trust
0.55%$130.91M
VANGUARD SMALL-CAP VALUE INDEX FUND
VBR · VANGUARD INDEX FUNDS
0.19%$129.63M

Superinvestors in Primerica, Inc.

Glenn GreenbergDECREASED -1.5%
Brave Warrior Advisors
5.4%

Share of each manager's reported 13F portfolio.

Bonds held by funds

Funds report holding 1 issues of Primerica, Inc.'s debt, $96.32M at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 2.80%, maturing 20312031.

IssueCouponMaturesFundsFund-held
Primerica Inc2.800%2031-11-1946$96.32M

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

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15 years of Primerica, Inc.'s financials

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