Company: PRI
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029882
Chunk: 189

Company: Primerica, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1
Chunk 189
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(20) Revenue from Contracts with CustomersOur revenues from contracts with customers primarily include:•Commissions and fees earned for the marketing and distribution of investment and savings products underwritten by mutual fund companies and annuity providers. For purposes of revenue recognition, mutual fund companies and annuity providers are considered the customers in marketing and distribution arrangements;•Fees earned for investment advisory and administrative services within our managed investments program and shareholder service fees earned in Canada for mutual funds for which we serve as principal distributor;•Account-based fees for transfer agent recordkeeping functions and non-bank custodial services;•Fees associated with mortgage brokerage and the distribution of other third-party financial products; and•Other revenue from the sale of miscellaneous products and services including monthly subscription fees from the independent sales representatives for access to POL, our primary independent sales force support tool.Premiums from insurance contracts we underwrite, fees received from segregated funds insurance contracts we underwrite, and income earned on our invested assets are excluded from the definition of revenues from contracts with customers in accordance with U.S. GAAP. 

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The disaggregation of our revenues from contracts with customers were as follows: 

        Year ended December 31,

        2024

        2023

        2022

        (In thousands)

        Term Life Insurance segment revenues:

          Other, net
         
        $
        52,306

        $
        48,286

        $
        50,320

            Total segment revenues from contracts with customers

        52,306

        48,286

        50,320

          Revenues from sources other than contracts with customers

        1,715,934

        1,644,756

        1,585,646

              Total Term Life Insurance segment revenues
         
        $
        1,768,240

        $
        1,693,042

        $
        1,635,966

        Investment and Savings Products segment revenues:

          Commissions and fees:

            Sales-based revenues
         
        $
        394,432

        $
        296,617

        $
        326,378

            Asset-based revenues

        498,948

        408,327

        375,502

            Account-based revenues

        95,272

        93,189

        90,391