Company: PRI
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029882
Chunk: 120

Company: Primerica, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1
Chunk 120
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 securities are determined using Nationally Recognized Statistical Rating Organizations designations and/or equivalent ratings. The distribution of our investments in fixed-maturity securities (excluding our held-to-maturity security) by rating, including those classified as trading securities, were as follows:

    December 31, 2024

    December 31, 2023

    Amortized cost (1)

    %

    Amortized cost (1)

    %

    (Dollars in thousands)

    AAA
     
    $
    615,348

    20
    %
     
    $
    556,936

    19
    %

    AA

    414,052

    13
    %

    439,814

    15
    %

    A

    770,616

    24
    %

    735,647

    25
    %

    BBB

    1,315,973

    42
    %

    1,162,279

    39
    %

    Below investment grade

    36,548

    1
    %

    58,221

    2
    %

    Not rated

    2,957

    *

    698

    *

    Total
     
    $
    3,155,494

    100
    %
     
    $
    2,953,595

    100
    %

(1)Includes trading securities at carrying value and available-for-sale securities (excluding short-term investments) at amortized cost.

* Less than 1%.

61

The ten largest holdings within our fixed-maturity securities invested asset portfolio (excluding our held-to-maturity security and short-term investments) were as follows:

    December 31, 2024

    Issuer
     
    Fair value

    Amortized cost (1)

    Unrealized gain (loss)

    Credit rating

    (Dollars in thousands)

     Province of Ontario Canada
     
    $
    15,014

    $
    15,107

    $
    (93
    )
     
    A+

     Government of Canada

    14,693

    15,215

    (522
    )
     
    AAA

     Province of Alberta Canada

    14,328

    14,871

    (543
    )
     
    AA-

     Province