Company: PRI
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000950170-25-048061
Chunk: 86

Company: Primerica, Inc.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 86
---
 in this Proxy Statement.

| 82 |

| EXECUTIVE COMPENSATION |

(1) TSR assumes a $100 initial investment. TSR for 2020 is for that year only, TSR for 2021 is a two -year return from January 1, 2020 through December 31, 2021, TSR for 2022 is a three-year return from January 1, 2020 through December 31, 2022, TSR for 2023 is a four-year return from January 1 2020 through December 31, 2023 and TSR for 2024 is a five-year return from January 1 2020 through December 31, 2024. This calculation is different from the fiscal 2024 TSR shown elsewhere in this Proxy Statement. (1) TSR assumes a $100 initial investment. TSR for 2020 is for that year only, TSR for 2021 is a two -year return from January 1, 2020 through December 31, 2021, TSR for 2022 is a three-year return from January 1, 2020 through December 31, 2022, TSR for 2023 is a four-year return from January 1 2020 through December 31, 2023 and TSR for 2024 is a five-year return from January 1 2020 through December 31, 2024. This calculation is different from the fiscal 2024 TSR shown elsewhere in this Proxy Statement.

| Primerica 2025 Proxy Statement | 83 |

| EXECUTIVE COMPENSATION |

(1) In fiscal 2024, net income was reduced by a loss from discontinued operations of $249.6 million, most of which was driven by one-time charges associated with the Company's disposal of the Senior Health business. Net income for fiscal 2022 and fiscal 2021 reflect adjustments to originally published amounts due to the adoption of Accounting Standards Update No. 2018-12, Financial Services—Insurance (Topic 944) — Targeted Improvements to the Accounting for Long-Duration Contracts (“ASU 2018-12" or "LDTI"). (1) Adjusted net operating income for fiscal 2023 has been restated from the 2024 Proxy Statement to exclude the results of the Senior Health business, which has been reported as a discontinued operation. Refer to the 2024 Annual Report for a definition

| 84 |

| EXECUTIVE