Company: PRI
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029882
Chunk: 395

Company: Primerica, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 395
---
 insurance subsidiaries of $208.4 million, $203.2 million, and $173.0 million, respectively. For the years ended December 31, 2024, 2023, and 2022, the Company received dividends from our life insurance subsidiaries of $311.8 million, $352.3 million, and $277.9 million, respectively.(F) Commitments and Contingent Liabilities Vidalia Re has entered into a coinsurance agreement with Primerica Life whereby Primerica Life has ceded certain level-premium term life insurance policies to Vidalia Re. In conjunction with the coinsurance agreement, we have a capital maintenance agreement with Vidalia Re. The capital maintenance agreement may require us at times to make capital contributions to Vidalia Re to ensure that its regulatory account, as defined in the coinsurance agreement with Primerica Life, will not be less than $20.0 million for the financial captive insurance company. The regulatory account will only be used to satisfy obligations under its coinsurance agreement after all other available assets have been used, including its held-to-maturity security ultimately guaranteed by Hannover Life Reassurance Company of America.  The Company is involved from time-to-time in legal disputes, regulatory inquiries and arbitration proceedings in the normal course of business. These disputes are subject to uncertainties, including large and/or indeterminate amounts sought in certain of these matters and the inherent unpredictability of litigation. As such, the Company is unable to estimate the possible loss or range of loss that may result from these matters.

126

Schedule IIISupplementary Insurance InformationPRIMERICA, INC. 

      Deferred policy acquisition costs

      Future policy benefits

      Unearned and advance premiums

      Policy claims and other benefits payable

      Separate account liabilities

      (In thousands)

      December 31, 2024

      Term Life Insurance
       
      $
      3,608,599

      $
      6,300,693

      $
      15,277

      $
      478,857

      $
      -

      Investment and Savings Products

      55,303

      -

      -

      -

      2,209,266

      Corporate and Other Distributed Products

      16,528

      202,371

      329

      9,493

      21

      Total
       
      $
      3,680,430

      $
      6,503,064

      $