Primerica (PRI) 10-K 2016 FY Annual report

EXHIBIT12.1

Primerica,Inc.

ComputationofEarningstoFixedChargesRatios

(Inthousands,exceptratios)

			2016		2015		2014		2013		2012
Earnings:
	1.	Income from continuing operations before income taxes	$	337,595	$	290,981	$	275,722	$	245,006	$	266,122
Fixed charges:
	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:
	7.	Earnings to total fixed charges (6 / 5)		10.3		8.1		7.5		6.7		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