Primerica, Inc.

Finance
Life Insurance
www.primerica.com

Earnings Score
Moat Score

Market Cap $5.60B
PE 12
Debt $NaN
Cash $550.14M
EV $NaN
FCF $NaN

Earnings

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Sales & Net Margins

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Earnings	$454.73M
EBIT	$917.78M
ROE	23%
ROA	6%
Equity	$1.95B
Growth Stability	98%
PE	12.31
PEG	1.71
PB	2.88
P/S	1.85
Price/Cash	0.1
Net Margins	13%
Op. Margins	30%
Earnings CAGR	10%
Sales Growth YoY	6%
Sales Growth QoQ	-6%
Sales CAGR	10%
Equity CAGR	7%
Earnings Stability	0.68
Earnings Growth YoY	9%

Earnings Growth QoQ	14K%
Earnings CAGR 5Y	7%
Sales CAGR 5Y	8%
Equity CAGR 5Y	5%
Earnings CAGR 3Y	3%
Sales CAGR 3Y	3%
Equity CAGR 3Y	5%
Market Cap	$5.60B
Revenue	$3.03B
Dividend Yield	6%
Payout Ratio	75%
Assets	$14.82B
Cash	$550.14M
Shares Outstanding	18.94M
Earnings Score	87%
Moat Score	88%
Shares Growth 3y	-3%
Equity Growth QoQ	-8%
Equity Growth YoY	-16%

Assets & ROA

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Stockholders Equity & ROE

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Primerica Inc is a provider of financial services to middle-income households in the United States and Canada. The company offers life insurance, mutual funds, annuities, and other financial products, distributed primarily on behalf of third parties. Primerica has three main subsidiaries: Primerica Financial Services, a marketing company; Primerica Life Insurance Company, a principal life insurance underwriting entity; and PFS Investments, which offers investment and savings products, brokerage services, and registered investment advisory.

SEC Filings

Direct access to Primerica, Inc. (PRI) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Primerica, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Primerica, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 10%

Stability 68%

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Primerica, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Primerica, Inc..

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	14%	13%	14%	21%	17%	18%	17%	14%	14%	20%	13%
ROA	-	3%	3%	3%	3%	3%	3%	3%	3%	5%	6%
ROE	-	16%	18%	25%	22%	22%	21%	18%	21%	28%	23%

Good Net Margins (13.19%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-	-	-	-	-	-
Growth Stability	-	-	-	100%	100%	100%	100%	100%	98%	100%	98%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (98%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	5%	8%	11%	12%	8%	8%	22%	0%	4%	8%
Earnings YoY growth	-	4%	16%	60%	-7%	13%	5%	-3%	-1%	56%	7%
Equity YoY growth	-	-8%	7%	16%	3%	13%	11%	13%	-17%	20%	5%
FCF YoY growth	-	-	-	-	-	-	-	-	-	-	-