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Primerica Inc Stock Research

PRI

184.53USD-0.48(-0.26%)Market Closed

Market Summary

USD184.53-0.48
Market Closed
-0.26%

PRI Alerts

PRI Stock Price

PRI RSI Chart

PRI Valuation

Market Cap

6.7B

Price/Earnings (Trailing)

16.12

Price/Sales (Trailing)

2.47

EV/EBITDA

10.09

Price/Free Cashflow

9.34

PRI Price/Sales (Trailing)

PRI Profitability

EBT Margin

18.15%

Return on Equity

21.67%

Return on Assets

2.43%

Free Cashflow Yield

10.71%

PRI Fundamentals

PRI Revenue

Revenue (TTM)

2.7B

Revenue Y/Y

-0.17%

Revenue Q/Q

0.45%

PRI Earnings

Earnings (TTM)

416.7M

Earnings Y/Y

53.66%

Earnings Q/Q

-5.11%

Price Action

52 Week Range

109.36195.69
(Low)(High)

Last 7 days

0.4%

Last 30 days

4.8%

Last 90 days

1.8%

Trailing 12 Months

48.8%

PRI Financial Health

PRI Investor Care

Dividend Yield

1.25%

Dividend/Share (TTM)

2.3

Buy Backs (1Y)

6.05%

Diluted EPS (TTM)

11.04

Peers (Alternatives to Primerica)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
39.9B
69.5B
-12.07% -21.42%
20.44
0.57
-2.45% -71.62%
39.8B
37.8B
-2.45% 0.63%
14.22
1.05
6.99% -29.09%
38.7B
63.9B
-4.25% -21.58%
125.56
0.61
-4.94% -99.02%
24.5B
12.4B
-5.12% 26.78%
41.05
1.97
3.58% -56.71%
17.0B
12.0B
- -
-9.57
0.74
-71.04% -208.46%
11.1B
5.2B
-0.07% 8.80%
-13.81
2.12
1.42% -128.16%
MID-CAP
6.7B
2.7B
4.76% 48.82%
16.12
2.47
-1.60% 16.75%
3.6B
17.9B
4.45% -60.50%
-1.13
0.2
-10.49% -282.57%
3.1B
1.9B
7.88% 0.15%
6.25
1.61
-61.63% -34.16%
2.8B
7.0B
-0.98% -14.47%
-2.46
0.4
-21.55% -201.34%
2.8B
7.5B
3.09% 38.29%
5.29
0.37
-3.49% -39.72%
SMALL-CAP
110.6M
169.0M
-5.02% -1.43%
-6.53
1.09
-2.78% -2.63%
50.3M
192.4M
-3.26% -24.83%
16
0.26
-8.30% -76.65%

Financials for Primerica

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue0.0%2,7192,7202,7572,7772,763
EBITDA21.3%555458520549-
EBITDA Margin23.0%0.20*0.17*0.67*0.20*-
Earnings Before Taxes12.2%554494392454486
EBT Margin27.5%0.18*0.14*0.58*0.18*-
Interest Expenses-0.6%27.0027.0029.0030.0030.00
Net Income11.7%417373276337357
Net Income Margin37.0%0.14*0.10*-0.31*0.13*-
Free Cahsflow-2.0%758773767752-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets-3.6%14,79615,34915,04215,32915,935
    Cash Equivalents5.3%515489438400360
  Goodwill0.0%1281281289.00179
Liabilities-5.5%12,87513,62713,42213,55114,004
Shareholder's Equity11.6%1,9211,7211,6201,7761,926
  Retained Earnings9.0%2,1521,9731,8881,9481,980
Shares Outstanding-1.1%36.0037.0037.0038.0039.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations-5.1%719758773767752
  Share Based Compensation-1.4%22.0022.0022.0021.0018.00
Cashflow From Investing40.7%-118-200-297-879-832
Cashflow From Financing3.4%-442-457-359-260-1.94
  Dividend Payments2.7%86.0084.0082.0080.0078.00

Risks for PRI

What is the probability of a big loss on PRI?

55.8%


Probability that Primerica stock will be more than 20% underwater in next one year

29.6%


Probability that Primerica stock will be more than 30% underwater in next one year.

19.2%


Probability that Primerica stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PRI drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Primerica was unfortunately bought at previous high price.

Drawdowns

Returns for PRI

Cumulative Returns on PRI

19.6%


10-Year Cumulative Returns

20.0%


7-Year Cumulative Returns

14.6%


5-Year Cumulative Returns

18.5%


3-Year Cumulative Returns

What are the long-term rolling returns for PRI?

FIve years rolling returns for Primerica.

Annualized Returns

Which funds bought or sold PRI recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-23
Brookfield Corp /ON/
added
39.74
4,902,430
11,934,900
0.05%
2023-05-23
Toroso Investments, LLC
new
-
676,000
676,000
0.01%
2023-05-22
Raleigh Capital Management Inc.
new
-
10,334
10,334
-%
2023-05-22
AMERIPRISE FINANCIAL INC
added
2.25
2,153,780
11,044,800
-%
2023-05-18
NEW YORK STATE COMMON RETIREMENT FUND
reduced
-5.59
830,000
6,492,000
0.01%
2023-05-18
JPMORGAN CHASE & CO
added
30.82
5,852,340
15,791,300
-%
2023-05-18
SkyView Investment Advisors, LLC
added
5.36
203,000
928,000
0.22%
2023-05-17
KB FINANCIAL PARTNERS, LLC
added
3.57
175,000
855,000
0.25%
2023-05-17
B. Riley Wealth Advisors, Inc.
new
-
688,239
688,239
0.02%
2023-05-17
Advisory Services Network, LLC
added
14.29
16,562
59,250
-%

1–10 of 47

Latest Funds Activity

Are funds buying PRI calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own PRI
No. of Funds

Primerica News

MarketBeat
Peter W. Schneider Sells 3500 Shares of Primerica, Inc. (NYSE:PRI ....
MarketBeat,
8 hours ago
Zacks Investment Research
Simply Wall St
Yahoo Finance

Schedule 13G FIlings of Primerica

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
brave warrior advisors, llc
5.86%
2,160,660
SC 13G/A
Feb 14, 2023
kayne anderson rudnick investment management llc
10.52%
3,882,989
SC 13G/A
Feb 14, 2023
bamco inc /ny/
4.84%
1,785,994
SC 13G/A
Feb 09, 2023
fmr llc
-
0
SC 13G/A
Feb 09, 2023
vanguard group inc
10.57%
3,899,195
SC 13G/A
Jan 25, 2023
blackrock inc.
8.8%
3,264,431
SC 13G/A
Feb 14, 2022
kayne anderson rudnick investment management llc
10.18%
4,018,278
SC 13G/A
Feb 14, 2022
bamco inc /ny/
4.85%
1,915,022
SC 13G/A
Feb 09, 2022
fmr llc
-
0
SC 13G
Feb 03, 2022
blackrock inc.
8.4%
3,313,226
SC 13G/A

PRI Fair Value

Primerica fair value in different scenarios

The table shows the Fair Value estimates for Primerica for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

127.85

-30.72%

176.36

-4.43%

229.85

24.56%

290.51

57.43%

344.43

86.65%
Current Inflation

117.46

-36.35%

159.01

-13.83%

203.48

10.27%

254.06

37.68%

299.01

62.04%
Very High Inflation

104.58

-43.33%

138.05

-25.19%

172.37

-6.59%

211.72

14.73%

246.70

33.69%

Historical Primerica Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Primerica

View All Filings
Date Filed Form Type Document
May 26, 2023
144
Notice of Insider Sale Intent
May 26, 2023
4
Insider Trading
May 18, 2023
8-K
Current Report
May 18, 2023
4
Insider Trading
May 18, 2023
4
Insider Trading
May 18, 2023
4
Insider Trading
May 18, 2023
4
Insider Trading
May 18, 2023
4
Insider Trading
May 18, 2023
4
Insider Trading
May 18, 2023
4
Insider Trading

Latest Insider Trading transactions for PRI

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-05-17
Cottle Amber Lynne
acquired
129,931
180
720
-
2023-05-17
Babbit Joel M.
acquired
129,931
180
720
-
2023-05-17
Dheer Sanjeev
acquired
129,931
180
720
-
2023-05-17
Perez Beatriz R
acquired
129,931
180
720
-
2023-05-17
Addison John A. Jr.
acquired
129,931
180
720
-
2023-05-17
CRITTENDEN GARY L
acquired
129,931
180
720
-
2023-05-17
DAY CYNTHIA N
acquired
129,931
180
720
-
2023-05-17
Yastine Barbara A.
acquired
129,931
180
720
-
2023-05-17
Williams Donald R.
acquired
129,931
180
720
-
2023-03-31
DAY CYNTHIA N
acquired
31,250
168
184
-

1–10 of 50

Glenn J. Williams
3440
Primerica, Inc., together with its subsidiaries, provides financial products to middle-income households in the United States and Canada. The company operates in four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products. The Term Life Insurance segment underwrites individual term life insurance products. The Investment and Savings Products segment provides mutual funds and various retirement plans, managed investments, variable and fixed annuities, and fixed indexed annuities. The Senior Health segment offers segregated funds; and medicare advantage and supplement products. The Corporate and Other Distributed Products segment provides mortgage loans; prepaid legal services that assist subscribers with legal matters, such as drafting wills, living wills and powers of attorney, trial defense, and motor vehicle-related matters; ID theft defense services; auto and homeowners' insurance; home automation solutions; and insurance products, including supplemental health, accidental death, and disability for small businesses. It distributes and sells its products through a network of 129,515 licensed sales representatives. Primerica, Inc. was founded in 1927 and is headquartered in Duluth, Georgia.

PRI Income Statement

2023-03-31
Condensed Consolidated Statements of Income - Unaudited - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Revenues:   
Direct premiums$ 817,872$ 798,666 
Ceded premiums(405,347)(399,885) 
Net premiums412,525398,781 
Commissions and fees231,547251,800 
Investment income net of investment expenses47,50034,420 
Interest expense on surplus note(16,435)(15,515) 
Net investment income31,06518,905 
Realized investment gains (losses)(985)577 
Other investment gains (losses)(3,623)174 
Investment gains (losses)(4,608)751 
Other, net19,50720,989 
Revenues690,036691,226 
Benefits and expenses:   
Benefits and claims168,702168,288 
Future policy benefits remeasurement (gain) loss(508)(1,272)$ (500)
Amortization of deferred policy acquisition costs67,35863,223 
Sales commissions110,874133,924 
Insurance expenses61,12559,509 
Insurance commissions8,1387,721 
Contract acquisition costs14,98420,649 
Interest expense6,6906,853 
Other operating expenses89,53686,435 
Total benefits and expenses526,899545,330 
Income before income taxes163,137145,896 
Income taxes38,03133,512 
Net income125,106112,384 
Net income (loss) attributable to noncontrolling interests (2,655) 
Net income attributable to Primerica, Inc.$ 125,106$ 115,039 
Earnings per share attributable to common stockholders:   
Basic earnings per share$ 3.39$ 2.92 
Diluted earnings per share$ 3.38$ 2.91 
Weighted-average shares used in computing earnings per share:   
Basic36,71039,221 
Diluted36,80439,332 

PRI Balance Sheet

2023-03-31
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Investments:  
Fixed-maturity securities available-for-sale, at fair value (amortized cost: $2,822,996 in 2023 and $2,801,415 in 2022)$ 2,558,626$ 2,495,456
Fixed-maturity security held-to-maturity, at amortized cost (fair value: $1,388,411 in 2023 and $1,340,265 in 2022)1,460,0001,444,920
Short-term investments available-for-sale, at fair value (amortized cost: $70,185 in 2023 and $69,393 in 2022)70,18769,406
Equity securities, at fair value (historical cost: $29,475 in 2023 and $29,430 in 2022)33,98435,404
Trading securities, at fair value (cost: $19,033 in 2023 and $4,229 in 2022)18,4973,698
Policy loans and other invested assets50,00348,713
Total investments4,191,2974,097,597
Cash and cash equivalents515,090489,240
Accrued investment income22,15320,885
Reinsurance recoverables3,179,0743,176,397
Deferred policy acquisition costs, net3,256,8453,194,029
Renewal commissions receivable194,409200,043
Agent balances, due premiums and other receivables259,759254,276
Goodwill127,707127,707
Intangible assets, net (accumulated amortization: $18,375 in 2023 and $15,750 in 2022)182,900185,525
Income taxes106,31097,972
Operating lease right-of-use assets38,57540,500
Other assets391,605428,259
Separate account assets2,329,9682,305,717
Total assets14,795,69214,618,147
Liabilities:  
Future policy benefits6,561,6246,297,906
Unearned and advance premiums16,70315,422
Policy claims and other benefits payable498,483538,250
Other policyholders’ funds481,561483,769
Note payable593,106592,905
Surplus note1,459,5651,444,469
Income taxes199,394202,462
Operating lease liabilities43,95545,995
Other liabilities615,780580,780
Payable under securities lending74,452100,938
Separate account liabilities2,329,9682,305,717
Commitments and contingent liabilities (see Commitments and Contingent Liabilities note)
Total liabilities12,874,59112,608,613
Equity attributable to Primerica, Inc.:  
Common stock ($0.01 par value; authorized 500,000 shares in 2023 and 2022; issued and outstanding 36,407 shares in 2023 and 36,824 shares in 2022)364368
Retained earnings2,151,7712,130,935
Accumulated other comprehensive income (loss), net of income tax:  
Effect of change in discount rate assumptions on the liability for future policy benefits(11,679)131,295
Unrealized foreign currency translation gains (losses)(11,198)(12,196)
Net unrealized investment gains (losses) on available-for-sale securities(208,157)(240,868)
Total permanent stockholders’ equity1,921,1012,009,534
Total liabilities and temporary and permanent stockholders’ equity$ 14,795,692$ 14,618,147