Company: PRI
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029882
Chunk: 315

Company: Primerica, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 315
---
304,645
    )

    Balance, end of period

    27,224

    (211,329
    )

    (122,731
    )

    Total permanent stockholders’ equity
     
    $
    2,259,041

    $
    2,065,967

    $
    2,031,254

    Redeemable NCI in consolidated entities/Temporary stockholders’ equity

    Balance, beginning of period
     
    $
    -

    $
    -

    $
    7,271

    Net loss attributable to NCI

    -

    -

    (5,038
    )

    Redemption of NCI in consolidated entities

    -

    -

    (2,233
    )

    Balance, end of period
     
    $
    -

    $
    -

    $
    -

    Dividends declared per share
     
    $
    3.30

    $
    2.60

    $
    2.20

See accompanying notes to consolidated financial statements.

72

PRIMERICA, INC. AND SUBSIDIARIES

Consolidated Statements of Cash Flows

    Year ended December 31,

    2024

    2023

    2022

    (In thousands)

    Cash flows from operating activities:

    Net income
     
    $
    470,518

    $
    576,601

    $
    467,030

    Adjustments to reconcile net income to cash provided by (used in) operating activities:

    Change in future policy benefits and other policy liabilities

    144,269

    102,540

    (35,831
    )

    Deferral of policy acquisition costs

    (547,595
    )

    (514,970
    )

    (503,336
    )

    Amortization of deferred policy acquisition costs

    298,136

    275,816

    261,629

    Deferred tax provision

    (110,597
    )

    (43,380
    )

    (52,802
    )

    Change in income taxes

    46,567

    (8,842
    )

    26,398

    Investment (gains) losses

    (2,236
    )

    5,896

    995

    Accretion and amortization of investments

    (3,