Company: PRI
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000950170-25-048061
Chunk: 93

Company: Primerica, Inc.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 93
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2025 Proxy Statement | 89 |

Audit Ma tters Aud it Committee Report Committee Composition and Skills The Audit Committee has been established in accordance with Section 3(a)(58)(A) of the Exchange Act. At December 31, 2024, the Audit Committee was composed of four non-employee directors. Our Board of Directors has determined that each member of the Audit Committee is “independent” and financially literate and that at least one member has accounting or other related financial management expertise, in each case as such qualifications are defined under the Listing Standards of the NYSE. Our Board of Directors has also determined that each of Mr. Crittenden, Ms. Day and Ms. Yastine qualifies as an “audit committee financial expert” as defined by the SEC. All members of the Audit Committee attended 100% of the meetings of the Audit Committee held during his or her term on the committee in fiscal 2024. See “Board of Directors – Board Members” for a description of the business background of each Audit Committee member. Responsibilities of the Audit Committee, Management and the External Auditor The Audit Committee is responsible for the appointment, compensation and oversight of KPMG, the Company’s independent registered public accounting firm. Further, it is responsible for monitoring and overseeing the Company’s financial reporting, internal controls and internal audit functions, as set forth in the written charter adopted by our Board. In connection with its oversight of the Company’s internal audit function, the Audit Committee reviewed the internal audit plan, competencies and staffing for fiscal 2024. The Company’s Chief Internal Auditor reports directly to the Audit Committee and meets with the Audit Committee in executive session at least quarterly. In addition, the Board has delegated to the Audit Committee responsibility for regularly monitoring the oversight of our ERM program, including: (i) ensuring that all risk areas are monitored by senior management; (ii) confirming that all risk management matters are reported to the Board or the appropriate Board committee and addressed as needed; and (iii) approving our Enterprise Risk Management Policy, which describes our ERM program and delineates the major functions and roles and responsibilities within the program, at least annually. The Audit Committee receives quarterly reports from the Company’s Chief Governance and Risk Officer on changes to the Company’s risk profile and risks on which the management team has been devoting attention. The Chief Compliance Officer generally presents to the Audit Committee annually with respect to the Company's compliance program. The Audit Committee also ensures that management has established procedures relating to any complaints received by the Company