Company: PRI
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029882
Chunk: 283

Company: Primerica, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 283
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 to POL and costs incurred for technology, independent sales force support, occupancy and other general and administrative costs. Costs that are not directly charged or allocated to our two primary operating segments are included in the Corporate and Other Distributed Products segment.

Primerica, Inc. and Subsidiaries Results. Our results of operations for the years ended December 31, 2024, 2023, and 2022 were as follows:

    2024 vs. 2023

    2023 vs. 2022

    Year ended December 31,

    change

    change

    2024

    2023

    2022

    $

    %

    $

    %

    (Dollars in thousands)

    Revenues:

    Direct premiums
     
    $
    3,393,604

    $
    3,312,125

    $
    3,230,120

    $
    81,479

    2
    %
     
    $
    82,005

    3
    %

    Ceded premiums

    (1,664,433
    )

    (1,651,811
    )

    (1,629,892
    )

    12,622

    *

    21,919

    *

    Net premiums

    1,729,171

    1,660,314

    1,600,228

    68,857

    4
    %

    60,086

    4
    %

    Commissions and fees

    1,082,889

    892,853

    897,256

    190,036

    21
    %

    (4,403
    )
     
    *

    Investment income net of investment expenses

    218,153

    201,311

    156,987

    16,842

    8
    %

    44,324

    28
    %

    Interest expense on surplus note

    (62,652
    )

    (65,474
    )

    (63,922
    )

    (2,822
    )

    (4
    )%

    (1,552
    )

    2
    %

    Net investment income

    155,501

    135,837

    93,065

    19,664