Company: PRI
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029882
Chunk: 458

Company: Primerica, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 458
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 with generally accepted actuarial methodologies

•evaluating the Company’s key assumptions by comparing them to the Company’s relevant historical experience data and anticipated trends

•recalculating the projected cash flows for a selection of term life insurance contracts and comparing the results to the Company’s estimates.

/s/ KPMG LLP

We have served as the Company’s auditor since 2007.

Atlanta, Georgia

February 28, 2025

68

PRIMERICA, INC. AND SUBSIDIARIES

Consolidated Balance Sheets

    December 31, 2024

    December 31, 2023

    (In thousands, except per-share amounts)

    Assets:

    Investments:

    Fixed-maturity securities available-for-sale, at fair value (amortized cost: $3,152,483 in 2024   and $2,935,212 in 2023)
     
    $
    2,946,126

    $
    2,719,467

    Fixed-maturity security held-to-maturity, at amortized cost (fair value: $1,227,428 in 2024 and   $1,334,892 in 2023)

    1,303,880

    1,386,980

    Short-term investments available-for-sale, at fair value (amortized cost: $276 in 2023)

    -

    276

    Equity securities, at fair value (historical cost: $22,935 in 2024 and $27,106 in 2023)

    27,144

    29,680

    Trading securities, at fair value (cost: $3,562 in 2024 and $18,761 in 2023)

    3,011

    18,383

    Policy loans and other invested assets

    50,881

    51,175

    Total investments

    4,331,042

    4,205,961

    Cash and cash equivalents

    687,821

    594,148

    Accrued investment income

    28,100

    23,958

    Reinsurance recoverables

    2,744,165

    3,015,777

    Deferred policy acquisition costs, net

    3,680,430

    3,447,234