Primerica (PRI) financial statements
Primerica reported revenue of $3.3B in fiscal 2025, up 9.0% a year over 9 years.
Net income was $751M and the operating margin 29.6%, against 22.2% in 2016.
The diluted share count fell 31% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Primerica's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5B | $1.7B | $1.9B | $2.1B | $2.2B | $2.7B | $2.7B | $2.7B | $3.1B | $3.3B |
| Cost of revenue | — | — | — | — | — | $53M | $68M | $55M | — | — |
| Gross profit | — | — | — | — | — | $2.7B | $2.6B | $2.7B | — | — |
| Operating income | $338M | $380M | $416M | $477M | $507M | $644M | $719M | $772M | $939M | $975M |
| Interest expense | $29M | $28M | $29M | $29M | $29M | $31M | $27M | $27M | — | — |
| Pre-tax income | $338M | $380M | $416M | $477M | $507M | $644M | $719M | $772M | $939M | $975M |
| Income tax | $118M | $29M | $92M | $111M | $121M | $168M | $164M | $181M | $219M | $223M |
| Net income | $219M | $350M | $324M | $366M | $386M | $477M | $472M | $577M | $471M | $751M |
| EPS (diluted) | $4.59 | $7.61 | $7.33 | $8.62 | $9.57 | $11.99 | $12.33 | $15.94 | $13.71 | $22.91 |
| Diluted shares | 47M | 46M | 44M | 42M | 40M | 40M | 38M | 36M | 34M | 33M |
| Gross margin | — | — | — | — | — | 98.1% | 97.4% | 98.0% | — | — |
| Operating margin | 22.2% | 22.5% | 21.9% | 23.2% | 22.9% | 23.7% | 27.0% | 28.1% | 30.4% | 29.6% |
| Net margin | 14.4% | 20.7% | 17.1% | 17.9% | 17.4% | 17.6% | 17.8% | 21.0% | 15.2% | 22.8% |
Balance sheet
Fiscal years, from Primerica's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $212M | $280M | $270M | $257M | $548M | $393M | $489M | $594M | $688M | $756M |
| Property, plant and equipment | $27M | $28M | $36M | $46M | $58M | $67M | $53M | $38M | $41M | $40M |
| Goodwill | — | — | — | — | — | $179M | $128M | $128M | — | — |
| Total assets | $11.4B | $12.5B | $12.6B | $13.7B | $14.9B | $16.2B | $14.6B | $15.0B | $14.6B | $15.0B |
| Total liabilities | $10.2B | $11.0B | $11.1B | $12.0B | $13.1B | $14.0B | $12.6B | $13.0B | $12.3B | $12.6B |
| Shareholders' equity | $1.2B | $1.4B | $1.5B | $1.7B | $1.8B | $925M | $2.0B | $2.1B | $2.3B | $2.4B |
| Net debt | -$212M | -$280M | -$262M | -$257M | -$548M | -$393M | -$489M | -$594M | -$688M | -$756M |
Cash flow
Fiscal years, from Primerica's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $294M | $392M | $478M | $486M | $643M | $657M | $758M | $693M | $862M | $901M |
| Stock-based compensation | $13M | $15M | $17M | $18M | $19M | $17M | $22M | $19M | $25M | $25M |
| Dividends paid | $33M | $36M | $44M | $58M | $64M | $75M | $84M | $94M | $113M | $136M |
| Share buybacks (net) | -$150M | -$150M | -$210M | -$225M | -$231M | -$19M | -$356M | -$375M | -$425M | -$450M |
| Net borrowing | — | — | — | — | — | $214M | — | — | — | — |
| Dividends per share | $0.70 | $0.78 | $1.00 | $1.36 | $1.60 | $1.88 | $2.20 | $2.60 | $3.30 | $4.16 |
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What was Primerica's revenue in 2025?
$3.3B in fiscal 2025, from its 10-K filing.
From Primerica's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.