Company: PRI
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029882
Chunk: 114

Company: Primerica, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1
Chunk 114
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 consistent with the movement in asset-based revenues when excluding Canadian segregated funds revenue. Asset-based commissions for our Canadian segregated funds are reflected within insurance commissions and amortization of DAC.

Other operating expenses. Other operating expenses increased in 2023 from 2022 due to increased employee-related and technology costs.

Corporate and Other Distributed Products Segment. Our results of operations for the Corporate and Other Distributed Products segment for the years ended December 31, 2024, 2023, and 2022 were as follows:

    2024 vs. 2023

    2023 vs. 2022

    Year ended December 31,

    change

    change

    2024

    2023

    2022

    $

    %

    $

    %

    (Dollars in thousands)

    Revenues:

    Direct premiums
     
    $
    18,322

    $
    19,365

    $
    21,032

    $
    (1,043
    )

    (5
    )%
     
    $
    (1,667
    )

    (8
    )%

    Ceded premiums

    (5,085
    )

    (3,807
    )

    (6,450
    )

    1,278

    34
    %

    (2,643
    )

    (41
    )%

    Net premiums

    13,237

    15,558

    14,582

    (2,321
    )

    (15
    )%

    976

    7
    %

    Commissions and fees

    39,630

    40,092

    46,434

    (462
    )

    (1
    )%

    (6,342
    )

    (14
    )%

    Investment income net of investment expenses

    218,153

    201,311

    156,987

    16,842

    8
    %

    44,324

    28
    %

    Interest expense on surplus note

    (62,652
    )

    (65,474
    )

    (63,922
    )

    (2,822
    )

    (4
    )%

    1,552

    2
    %

    Net investment income

    155,501