Company: PRI
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029882
Chunk: 175

Company: Primerica, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1
Chunk 175
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 highest of (a) the Prime Rate, (b) the Federal Funds Rate plus 0.50% and (c) one-month Adjusted Term SOFR plus 1.00%, plus an applicable margin. The Revolving Credit Facility also permits the issuance of letters of credit. The applicable margins are based on our debt rating with such margins for SOFR rate loans and letters of credit ranging from 1.00% to 1.625% per annum and for base rate loans ranging from 0.00% to 0.625% per annum. Under the Revolving Credit Facility, we incur a commitment fee that is payable quarterly in arrears and is determined by our debt rating. This commitment fee ranges from 0.10% to 0.225% per annum of the aggregate amount of the $200.0 million commitment of the lenders under the Revolving Credit Facility that remains undrawn. During the year ended December 31, 2024, no amounts were drawn under the Revolving Credit Facility. As of December 31, 2024, we were in compliance with the covenants of the Revolving Credit Facility. Furthermore, no events of default occurred under the Revolving Credit Facility during the year ended December 31, 2024.

(13) Income TaxesIncome tax expense. Income tax expense (benefit) from continuing operations consists of the following: 

        Current

        Deferred

        Total

        (In thousands)

        Year ended December 31, 2024

        Federal
         
        $
        200,297

        $
        (34,770
        )
         
        $
        165,527

        Foreign

        41,459

        (8,066
        )

        33,393

        State and local

        9,167

        11,031

        20,198

        Income taxes from continuing operations
         
        $
        250,923

        $
        (31,805
        )
         
        $
        219,118

        Year ended December 31, 2023

        Federal
         
        $
        177,240

        $
        (33,699
        )
         
        $
        143,541

        Foreign

        39,818

        (11,318
        )

        28,500

        State and local

        8,526

        (11
        )