Company: PRI
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029882
Chunk: 141

Company: Primerica, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1
Chunk 141
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    $
    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

    (3,384
    )

    (2,034
    )

    3,329

    Depreciation and amortization

    23,401

    31,964

    34,174

    Change in reinsurance recoverables

    190,953

    237,328

    461,925

    Change in agent balances, due premiums and other receivables

    (12,299
    )

    (18,761
    )

    (475
    )

    Change in renewal commissions receivable

    22,675

    9,785

    19,845

    Trading securities sold, matured, or called (acquired), net

    15,308

    (14,552
    )

    19,962

    Share-based compensation

    25,075

    18,911

    22