Company: PRI
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029882
Chunk: 365

Company: Primerica, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 365
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5 million, which was calculated based on satisfying the Company’s internal capital targets. During 2024, Primerica Life Canada paid ordinary dividends of $21.0 million to its parent company. 

(18) Commitments and Contingent Liabilities The Company is involved from time-to-time in legal disputes, regulatory inquiries and arbitration proceedings in the normal course of business. These disputes are subject to uncertainties, including the large and/or indeterminate amounts sought in certain of these matters and the inherent unpredictability of litigation. As such, the Company is unable to estimate the possible loss or range of loss that may result from these matters unless otherwise indicated.

(19) Benefit PlansWe sponsor defined contribution plans for the benefit of our employees. The expense associated with these plans was approximately $12.0 million, $11.1 million, and $10.2 million in 2024, 2023, and 2022, respectively.

(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. 

105

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,