Company: PRI
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029882
Chunk: 293

Company: Primerica, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 293
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 been established to minimize the effect of these risks but may not always be effective due to factors beyond our control. Interest rates and credit spreads are highly sensitive to many factors, including governmental monetary policies, domestic and international economic and political conditions and 

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other factors beyond our control. A significant increase in interest rates or credit spreads could result in significant unrealized losses in the value of our invested asset portfolio. We believe that fluctuations caused by movement in interest rates and credit spreads generally have little bearing on the recoverability of our investments as we have the ability to hold these investments until maturity or a market price recovery and we have no present intention to dispose of them.

Details on asset mix (excluding our held-to-maturity security) were as follows:

    December 31, 2024
     
    December 31, 2023

    Fair value
     
    Cost or amortized cost
     
    Fair value
     
    Cost or amortized cost

    U.S. government and agencies
     
    *
     
    *
     
    *
     
    *

    Foreign government
     
    5%
     
    4%
     
    5%
     
    5%

    States and political subdivisions
     
    3%
     
    3%
     
    4%
     
    4%

    Corporates
     
    49%
     
    50%
     
    48%
     
    48%

    Mortgage- and asset-backed securities
     
    23%
     
    24%
     
    23%
     
    24%

    Short-term investments
     
    —%
     
    —%
     
    *
     
    *

    Equity securities
     
    1%
     
    1%
     
    1%
     
    1%

    Trading securities
     
    *
     
    *
     
    1%
     
    1%

    Cash and cash equivalents
     
    19%
     
    18%
     
    18%
     
    17%

    Total
     
    100%
     
    100%
     
    100%
     
    100%

* Less than 1%.

The composition and duration of our portfolio will vary depending on several factors, including the yield curve and our opinion of the relative value among various asset classes. The relative composition of our