primerica’s roots date back to 1977 when the company embarked on a revolutionary crusade to transform the life insurance industry. primerica’s “buy term and invest the difference” philosophy encourages middle-income families to purchase affordable term life insurance so they can have more money to invest in their family’s future. today, primerica has expanded its crusade to address the number one financial disease facing families today: debt. primerica offers solutions to help families eliminate crippling debt from their household finances and save more of their hard-earned money for the future. primerica • serves 6 million clients in the u.s., canada, and puerto rico • more than 100,000 licensed representatives • more than 24,000 licensed mutual fund representatives — the largest sales force in north america • securities clients have nearly $25 billion in assets under management through primerica • placed in force more than $90 billion in life insurance in 2008 • an average of
Company profile
Ticker
PRI
Exchange
Website
CEO
Glenn Williams
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Primerica Life Insurance Company • Primerica Financial Services, LLC • PFS Investments Inc. • Primerica Financial Services (Canada) Ltd. • Primerica Life Insurance Company of Canada • National Benefit Life Insurance Company • Peach Re, Inc. • Vidalia Re, Inc. ...
IRS number
271204330
PRI stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
27 Mar 24
DEFA14A
Additional proxy soliciting materials
27 Mar 24
DEF 14A
Definitive proxy
27 Mar 24
8-K
Primerica Reports Fourth Quarter 2023 Results
13 Feb 24
8-K
Primerica Names Tracy Tan as Chief Financial Officer
18 Dec 23
8-K
Primerica Board of Directors Elects Former Ge Executive Darryl Wilson As Newest Board Member
6 Dec 23
10-Q
2023 Q3
Quarterly report
8 Nov 23
8-K
Primerica Reports Third Quarter 2023 Results
7 Nov 23
8-K
Primerica Names Tracy Tan as Successor to Chief Financial Officer
14 Sep 23
10-Q
2023 Q2
Quarterly report
8 Aug 23
Transcripts
PRI
Earnings call transcript
2023 Q4
14 Feb 24
PRI
Earnings call transcript
2023 Q3
8 Nov 23
PRI
Earnings call transcript
2023 Q2
8 Aug 23
PRI
Earnings call transcript
2023 Q1
9 May 23
PRI
Earnings call transcript
2022 Q4
24 Feb 23
PRI
Earnings call transcript
2022 Q3
9 Nov 22
PRI
Earnings call transcript
2022 Q2
9 Aug 22
PRI
Earnings call transcript
2022 Q1
6 May 22
PRI
Earnings call transcript
2021 Q4
15 Feb 22
PRI
Earnings call transcript
2021 Q3
9 Nov 21
Latest ownership filings
144
Notice of proposed sale of securities
4 Apr 24
4
Peter W. Schneider
18 Mar 24
144
Notice of proposed sale of securities
15 Mar 24
4
Nicholas Adam Jendusa
13 Mar 24
4
Barbara A. Yastine
12 Mar 24
4
Donald R. Williams
12 Mar 24
4
Beatriz R Perez
12 Mar 24
4
CYNTHIA N DAY
12 Mar 24
4
GARY L CRITTENDEN
12 Mar 24
4
Amber Lynne Cottle
12 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 468.76 mm | 468.76 mm | 468.76 mm | 468.76 mm | 468.76 mm | 468.76 mm |
Cash burn (monthly) | 30.94 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 210.65 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 258.11 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 8.3 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
91.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 355 |
Opened positions | 46 |
Closed positions | 38 |
Increased positions | 104 |
Reduced positions | 135 |
13F shares | Current |
---|---|
Total value | 6.17 tn |
Total shares | 31.84 mm |
Total puts | 17.80 k |
Total calls | 23.50 k |
Total put/call ratio | 0.8 |
Largest owners | Shares | Value |
---|---|---|
Kayne Anderson Rudnick Investment Management | 3.76 mm | $729.34 bn |
Vanguard | 3.75 mm | $727.16 bn |
BLK Blackrock | 3.23 mm | $626.28 bn |
FMR | 3.22 mm | $623.82 bn |
Brave Warrior Advisors | 2.12 mm | $410.53 bn |
Bamco | 1.93 mm | $373.60 bn |
Burgundy Asset Management | 1.21 mm | $235.49 bn |
STT State Street | 1.07 mm | $207.17 bn |
Dimensional Fund Advisors | 687.58 k | $133.41 bn |
Lyrical Asset Management | 653.86 k | $126.86 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Mar 24 | Peter W. Schneider | Common Stock | Sell | Dispose S | No | No | 243.41 | 1,500 | 365.12 k | 13,259 |
13 Mar 24 | Nicholas Adam Jendusa | Common Stock | Sell | Dispose S | No | No | 249.811 | 233.85 | 58.42 k | 100 |
12 Mar 24 | Amber Lynne Cottle | Common Stock | Grant | Acquire A | No | No | 246.27 | 5.624 | 1.39 k | 1,852.028 |
12 Mar 24 | Day Cynthia N | Common Stock | Grant | Acquire A | No | No | 246.27 | 54.096 | 13.32 k | 17,817.029 |
12 Mar 24 | Crittenden Gary L | Common Stock | Grant | Acquire A | No | No | 246.27 | 57.551 | 14.17 k | 18,954.939 |
News
Primerica Responds To Misinformation About The Company; Says "Their Assertions And Conclusions About Primerica Are False. They Do Not Accurately Portray What Primerica's Licensed Sales Force Does Every Day To Assist Middle-Income Families"
18 Apr 24
Short Seller Targets Primerica Stock Claiming Agents Are Engaged In Deceptive Behavior, Shares Sink
18 Apr 24
Why Las Vegas Sands Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Thursday's Mid-Day Session
18 Apr 24
Watching Primerica; The Bear Cave Issues Report On Co Titled "Problems At Primerica (PRI)"
18 Apr 24
$1000 Invested In This Stock 10 Years Ago Would Be Worth $4,600 Today
16 Apr 24
Press releases
Primerica Schedules First Quarter 2024 Financial Results Webcast
22 Apr 24
INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Primerica, Inc. (PRI) on Behalf of Investors
19 Apr 24
Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Primerica, Inc. (PRI) on Behalf of Investors
18 Apr 24
Primerica Responds to Misinformation About the Company
18 Apr 24
The Law Offices of Frank R. Cruz Announces Investigation of Primerica, Inc. (PRI) on Behalf of Investors
18 Apr 24