Primerica Financials
This page shows Primerica (PRI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Primerica’s earnings engine is converting steady balance-sheet capacity into rising cash, then recycling it through buybacks and dividends.
In FY2024 and FY2025, operating cash flow exceeded the combined cash spent on dividends and buybacks by$147M and$179M . That helps explain why cash still climbed to$756M even with persistently negative financing cash flow: capital returns were being funded internally, not by a more stretched balance sheet.
The business shows strong cash conversion: operating cash flow was above net income in each of the last five years, including
The improvement in shareholder returns was not driven by heavier leverage. Debt-to-equity eased to 5.1x from 6.3x between FY2023 and FY2025, while ROE still rose to
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Primerica's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Primerica's revenue grew 6.6% year-over-year to $3.3B, a solid pace of expansion. This earns a growth score of 49/100.
Primerica has elevated debt relative to equity (D/E of 5.14), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Primerica earns a strong 30.7% return on equity (ROE), meaning it generates $31 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 72/100. This is up from 20.8% the prior year.
Primerica passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Primerica generates $1.20 in operating cash flow ($901.2M OCF vs $751.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Primerica generated $3.3B in revenue in fiscal year 2025. This represents an increase of 6.6% from the prior year.
Primerica reported $751.2M in net income in fiscal year 2025. This represents an increase of 59.7% from the prior year.
Primerica earned $22.91 per diluted share (EPS) in fiscal year 2025. This represents an increase of 67.1% from the prior year.
Cash & Balance Sheet
Primerica held $756.2M in cash against $0 in long-term debt as of fiscal year 2025.
Primerica paid $4.16 per share in dividends in fiscal year 2025. This represents an increase of 26.1% from the prior year.
Primerica had 32M shares outstanding in fiscal year 2025. This represents a decrease of 4.8% from the prior year.
Margins & Returns
Primerica's net profit margin was 22.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 7.6 percentage points from the prior year.
Primerica's ROE was 30.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 9.9 percentage points from the prior year.
Capital Allocation
Primerica spent $450.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 5.9% from the prior year.
PRI Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $853.7M+1.6% | $839.9M+5.9% | $793.3M-1.4% | $804.8M+2.1% | $788.1M+1.8% | $774.1M-2.1% | $791.0M+7.5% | $736.0M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | $15.7M+16.2% | $13.5M |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $6.0M-0.3% | $6.0M-0.3% | $6.0M-0.1% | $6.0M | N/A | $6.1M-0.1% | $6.1M-9.9% | $6.8M |
| Income Tax | $50.0M-22.9% | $64.9M+15.6% | $56.2M+7.4% | $52.3M+2.8% | $50.8M-15.0% | $59.8M-5.7% | $63.5M+41.1% | $45.0M |
| Net Income | $197.0M-4.7% | $206.8M+16.0% | $178.3M+5.5% | $169.1M+1.2% | $167.1M+1.6% | $164.4M+13937.0% | $1.2M-99.2% | $137.9M |
| EPS (Diluted) | N/A | $6.35+17.6% | $5.40+6.9% | $5.05+1.8% | $4.96+2.7% | $4.83+16000.0% | $0.03-99.2% | $3.93 |
PRI Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $15.0B+1.1% | $14.8B+0.1% | $14.8B+1.7% | $14.6B0.0% | $14.6B-1.6% | $14.8B+1.7% | $14.6B-2.3% | $14.9B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $756.2M+17.3% | $644.9M+3.8% | $621.2M-0.6% | $625.1M-9.1% | $687.8M+25.0% | $550.1M-12.3% | $627.3M+5.7% | $593.4M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | $0-100.0% | $127.7M |
| Total Liabilities | $12.6B+0.1% | $12.6B+0.2% | $12.5B+1.5% | $12.3B+0.1% | $12.3B-4.2% | $12.9B+3.4% | $12.4B-2.2% | $12.7B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $2.4B+6.5% | $2.3B-0.5% | $2.3B+2.3% | $2.3B-0.1% | $2.3B+16.0% | $1.9B-8.2% | $2.1B-2.9% | $2.2B |
| Retained Earnings | $2.4B+4.2% | $2.3B+2.1% | $2.3B+0.8% | $2.3B+1.0% | $2.2B+4.7% | $2.1B+0.4% | $2.1B-7.1% | $2.3B |
PRI Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $338.2M+66.7% | $202.9M+24.8% | $162.6M-17.7% | $197.5M-27.0% | $270.6M+30.6% | $207.3M+19.6% | $173.3M-17.8% | $210.9M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$119.8M-680.7% | -$15.3M-792.4% | -$1.7M+98.3% | -$98.8M-94.9% | -$50.7M+59.5% | -$125.1M-520.0% | $29.8M+134.5% | -$86.3M |
| Financing Cash Flow | -$108.0M+33.7% | -$162.9M+2.6% | -$167.3M-3.6% | -$161.4M-103.4% | -$79.4M+50.5% | -$160.2M+5.0% | -$168.6M-18.0% | -$142.9M |
| Dividends Paid | $168.9M+399.5% | $33.8M-1.1% | $34.2M-1.5% | $34.7M-83.3% | $207.4M+579.6% | $30.5M+18.1% | $25.8M-1.6% | $26.3M |
| Share Buybacks | $70.1M-45.7% | $129.0M-3.0% | $133.0M+12.7% | $118.0M+165.8% | $44.4M-65.5% | $128.8M-9.7% | $142.7M+30.8% | $109.1M |
PRI Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 23.1%-1.5pp | 24.6%+2.1pp | 22.5%+1.5pp | 21.0%-0.2pp | 21.2%-0.0pp | 21.2%+21.1pp | 0.1%-18.6pp | 18.7% |
| Return on Equity | 8.1%-0.9pp | 9.0%+1.3pp | 7.7%+0.2pp | 7.5%+0.1pp | 7.4%-1.0pp | 8.4%+8.4pp | 0.1%-6.3pp | 6.3% |
| Return on Assets | 1.3%-0.1pp | 1.4%+0.2pp | 1.2%+0.0pp | 1.2%0.0pp | 1.1%+0.0pp | 1.1%+1.1pp | 0.0%-0.9pp | 0.9% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 5.14-0.3 | 5.47+0.0 | 5.43-0.0 | 5.47+0.0 | 5.46-1.2 | 6.61+0.7 | 5.86+0.0 | 5.82 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Primerica's annual revenue?
Primerica (PRI) reported $3.3B in total revenue for fiscal year 2025. This represents a 6.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Primerica's revenue growing?
Primerica (PRI) revenue grew by 6.6% year-over-year, from $3.1B to $3.3B in fiscal year 2025.
Is Primerica profitable?
Yes, Primerica (PRI) reported a net income of $751.2M in fiscal year 2025, with a net profit margin of 22.8%.
What is Primerica's net profit margin?
Primerica (PRI) had a net profit margin of 22.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Primerica pay dividends?
Yes, Primerica (PRI) paid $4.16 per share in dividends during fiscal year 2025.
What is Primerica's return on equity (ROE)?
Primerica (PRI) has a return on equity of 30.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Primerica's operating cash flow?
Primerica (PRI) generated $901.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Primerica's total assets?
Primerica (PRI) had $15.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Primerica's debt-to-equity ratio?
Primerica (PRI) had a debt-to-equity ratio of 5.14 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Primerica's return on assets (ROA)?
Primerica (PRI) had a return on assets of 5.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Primerica's Piotroski F-Score?
Primerica (PRI) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Primerica's earnings high quality?
Primerica (PRI) has an earnings quality ratio of 1.20x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Primerica?
Primerica (PRI) scores 20 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.