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- 10-K Annual report
- 10.2 EX-10.2 A&r 80%COINSURANCE Agreement 3/31/16
- 10.7 EX-10.7 A&r Restated 80% Coinsurance Trust Agreement 3/31/16
- 10.19 EX-10.19 Coinsurance Amending Agreement 12/31/11
- 10.20 EX-10.20 Coinsurance Amending Agreement 10/20/16
- 10.21 EX-10.21 Monitoring and Reporting Agreement 3/31/16
- 10.26 EX-10.26 Performance Stock Unit Award Agreement
- 10.29 EX-10.29 U.S. Employee Restricted Stock Unit Award Agreement
- 10.33 EX-10.33 Restated Nonqualified Stock Option Award Agreement
- 12.1 EX-12.1 Statement Re Computation of Ratios
- 21.1 EX-21.1 Subsidiaries of the Registrant
- 23.1 EX-23.1 Consent of KPMG LLP
- 31.1 EX-31.1 Certification Executed by CEO
- 31.2 EX-31.2 Certification Executed by CFO
- 32.1 EX-32.1 Certification Executed by CEO and CFO
- Download Excel data file
- View Excel data file
EXHIBIT 12.1
Primerica, Inc.
Computation of Earnings to Fixed Charges Ratios
(In thousands, except ratios)
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|
|
| 2016 |
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| 2015 |
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| 2014 |
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| 2013 |
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| 2012 |
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Earnings: |
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|
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|
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| |||
| 1. |
| Income from continuing operations before income taxes |
| $ | 337,595 |
|
| $ | 290,981 |
|
| $ | 275,722 |
|
| $ | 245,006 |
|
| $ | 266,122 |
|
Fixed charges: |
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|
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|
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| 2. |
| Interest expense |
|
| 28,691 |
|
|
| 33,507 |
|
|
| 34,570 |
|
|
| 35,018 |
|
|
| 33,101 |
|
| 3. |
| Interest credited on investment-type contracts |
|
| 6,930 |
|
|
| 7,157 |
|
|
| 7,277 |
|
|
| 7,612 |
|
|
| 8,300 |
|
| 4. |
| Interest factor on rental expense |
|
| 516 |
|
|
| 534 |
|
|
| 573 |
|
|
| 613 |
|
|
| 513 |
|
| 5. |
| Total fixed charges (2 + 3 + 4) |
|
| 36,137 |
|
|
| 41,198 |
|
|
| 42,420 |
|
|
| 43,243 |
|
|
| 41,914 |
|
| 6. |
| Earnings before fixed charges (1 + 5) |
| $ | 373,732 |
|
| $ | 332,179 |
|
| $ | 318,142 |
|
| $ | 288,249 |
|
| $ | 308,036 |
|
Ratios: |
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| 7. |
| Earnings to total fixed charges (6 / 5) |
|
| 10.3 |
|
|
| 8.1 |
|
|
| 7.5 |
|
|
| 6.7 |
|
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| 7.3 |
|
| (1) | For purposes of determining interest expense in calculating the ratio of earnings to fixed charges, Primerica, Inc. excludes interest contractually charged on a surplus note that was issued by a wholly owned subsidiary in exchange for an equivalent principal-value held-to-maturity security that contractually earns an equal and offsetting amount of interest income. |
EXH 12.1-1