Company: PRI
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029882
Chunk: 432

Company: Primerica, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 432
---

    21
    %

    16,614

    10
    %

                 Income from continuing operations

    720,129

    591,182

    554,714

    128,947

    22
    %

    36,468

    7
    %

    Loss from discontinued operations, net of    income taxes, including loss attributable   to noncontrolling interest (“NCI”)

    (249,611
    )

    (14,581
    )

    (87,684
    )

    235,030

    *

    (73,103
    )
     
    *

       Net income

    470,518

    576,601

    467,030

    (106,083
    )

    (18
    )%

    109,571

    23
    %

      Net loss attributable to NCI

    -

    -

    (5,038
    )

    -

    *

    5,038

    *

     Net income attributable to Primerica, Inc.
     
    $
    470,518

    $
    576,601

    $
    472,068

    $
    (106,083
    )

    (18
    )%
     
    $
    104,533

    22
    %

* Less than 1% or not meaningful

2024 compared to 2023

Total revenues. Total revenues increased in 2024 from 2023 due to increases in commissions and fees earned in our Investment and Savings Products segment, net premiums earned in our Term Life Insurance segment, and net investment income and investment gains earned in our Corporate and Other Distributed Products segment. Also contributing to the increase was a $50.0 million gain recognized in 2024 within other, net revenue in our Corporate and Other Distributed Products segment related to proceeds received under a Representation and Warranty insurance policy purchased in connection with the acquisition of the Senior Health business. For more information on the Representation and Warranty insurance policy proceeds, see Note 4 (Segment and Geographical Information) 

55

to our consolidated financial statements included elsewhere in this report. These movements are further discussed in detail in the Segment Results sections below. 

Total benefits and expenses. Total benefits and expenses increased in 2024 from 2023 largely due to higher sales commissions in our Investment and Savings Products segment. In