Company: PRI
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029882
Chunk: 313

Company: Primerica, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 313
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    (In thousands)

    Net income
     
    $
    470,518

    $
    576,601

    $
    467,030

    Other comprehensive income (loss) before income taxes:

    Unrealized investment gains (losses) on available-for-sale securities:

    Change in unrealized holding gains (losses) on available-for-sale securities

    9,950

    87,390

    (385,735
    )

    Reclassification adjustment for investment (gains) losses included in net income

    (562
    )

    2,811

    (1,387
    )

    Effect of change in discount rate assumptions on the liability for future policy    benefits

    334,035

    (216,301
    )

    1,739,762

    Foreign currency translation adjustments:

    Change in unrealized foreign currency translation gains (losses)

    (32,532
    )

    10,044

    (20,826
    )

    Total other comprehensive income (loss) before income taxes

    310,891

    (116,056
    )

    1,331,814

    Income tax expense (benefit) related to items of other comprehensive income (loss)

    72,338

    (27,458
    )

    288,689

    Other comprehensive income (loss), net of income taxes

    238,553

    (88,598
    )

    1,043,125

    Total comprehensive income (loss)

    709,071

    488,003

    1,510,155

    Net loss attributable to NCI

    -

    -

    (5,038
    )

    Comprehensive income (loss) attributable to Primerica, Inc.
     
    $
    709,071

    $
    488,003

    $
    1,515,193

See accompanying notes to consolidated financial statements.

71

PRIMERICA, INC. AND SUBSIDIARIES

Consolidated Statements of Stockholders’ Equity

    Year ended December 31,

    2024

    2023

    2022

    (In thousands, except per-share amounts)

    Equity attributable to Primerica, Inc./Permanent stockholders’ equity

    Common stock:

    Balance, beginning of period
     
    $
    350