Company: PRI
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029882
Chunk: 136

Company: Primerica, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1
Chunk 136
---
    Retained earnings

    2,231,483

    2,276,946

    Accumulated other comprehensive income (loss), net of income tax:

    Effect of change in discount rate assumptions on the liability for future policy benefits

    224,833

    (39,086
    )

    Unrealized foreign currency translation gains (losses)

    (34,767
    )

    (2,235
    )

    Net unrealized investment gains (losses) on available-for-sale securities

    (162,842
    )

    (170,008
    )

    Total stockholders’ equity

    2,259,041

    2,065,967

    Total liabilities and stockholders’ equity
     
    $
    14,582,022

    $
    15,027,732

See accompanying notes to consolidated financial statements.

69

PRIMERICA, INC. AND SUBSIDIARIES

Consolidated Statements of Income

    Year ended December 31,

    2024

    2023

    2022

    (In thousands, except per-share amounts)

    Revenues:

    Direct premiums
     
    $
    3,393,604

    $
    3,312,125

    $
    3,230,120

    Ceded premiums

    (1,664,433
    )

    (1,651,811
    )

    (1,629,892
    )

    Net premiums

    1,729,171

    1,660,314

    1,600,228

    Commissions and fees

    1,082,889

    892,853

    897,256

    Investment income net of investment expenses

    218,153

    201,311

    156,987

    Interest expense on surplus note

    (62,652
    )

    (65,474
    )

    (63,922
    )

    Net investment income

    155,501

    135,837

    93,065

    Realized investment gains (losses)

    1,015

    (645
    )

    1,444

    Other investment gains (losses)

    1,221

    (5,251
    )

    (2,439
    )

    Investment gains (losses