Primerica, Inc. PRI Balance Sheet

Primerica, inc. (PRI)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
Assets:
Investments:
Fixed-maturity securities and Short-term investments available-for-sale, at fair value
2,242	2,356	2,292	2,216	2,096	2,069	2,010	1,985	1,961	1,927	1,888	1,888	1,832	1,792	1,761	1,726	1,705	1,731	1,683	1,724	1,789	1,759	1,787	1,804	1,771	1,755	1,688	1,682	1,837	1,887	1,912	1,823	1,948	1,959	2,098	2,099	2,081
Fixed-maturity security held-to-maturity, at amortized cost (fair value: $1,310,909 in 2020 and $1,299,102 in 2019)
1,237	1,184	1,140	1,087	1,036	970	891	843	796	737	688	635	535	503	454	431	404	365	356	328	238	220	189	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term investments available-for-sale, at fair value (amortized cost: $0 in 2019 and $8,171 in 2018)
-	-	-	-	-	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity securities available-for-sale, at fair value (amortized cost: $0 in 2018 and $31,331 in 2017)
34	40	40	38	37	37	39	39	40	41	45	45	46	44	47	49	49	47	45	49	51	53	50	50	47	39	37	37	40	37	36	31	31	26	22	22	23
Trading securities, at fair value (cost: $45,279 in 2020 and $43,257 in 2019)
44	43	13	23	26	13	15	23	28	6	11	15	12	7	12	8	7	5	6	7	7	7	9	9	10	12	11	12	9	7	17	29	5	9	19	35	22
Policy loans
31	32	33	33	30	31	30	30	32	32	34	34	32	30	30	30	29	28	28	29	27	28	27	28	26	26	25	25	25	24	24	24	25	25	25	25	26
Other invested assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Total investments
3,590	3,658	3,520	3,399	3,228	3,130	2,988	2,923	2,860	2,745	2,668	2,620	2,459	2,378	2,305	2,245	2,197	2,178	2,120	2,139	2,114	2,068	2,064	1,892	1,856	1,835	1,762	1,757	1,912	1,956	1,990	1,908	2,011	2,021	2,165	2,182	2,153
Cash and cash equivalents
273	256	237	244	279	262	225	159	190	279	177	154	185	211	195	213	175	152	160	153	180	191	164	150	158	149	147	118	202	112	185	108	155	136	154	114	126
Accrued investment income
18	17	18	17	18	17	18	16	18	16	17	16	17	16	17	16	17	17	17	17	18	17	18	17	19	18	19	18	21	19	21	20	22	21	24	23	22
Reinsurance recoverables
4,132	4,169	4,166	4,185	4,202	4,141	4,196	4,199	4,263	4,205	4,238	4,191	4,219	4,193	4,161	4,147	4,160	4,110	4,103	4,137	4,094	4,115	4,130	4,077	4,074	4,055	4,033	3,993	4,005	4,005	3,993	3,903	3,895	3,855	3,819	3,795	3,731
Deferred policy acquisition costs, net
2,346	2,325	2,281	2,238	2,181	2,133	2,107	2,053	1,998	1,951	1,900	1,833	1,767	1,713	1,672	1,619	1,559	1,500	1,465	1,430	1,377	1,351	1,321	1,293	1,242	1,208	1,179	1,133	1,098	1,066	1,036	990	948	904	1,004	966	738
Agent balances, due premiums and other receivables
226	227	246	238	226	215	295	291	277	229	240	223	215	210	226	213	204	190	198	189	180	181	183	175	170	175	182	181	180	170	177	167	159	163	181	178	168
Intangible assets
45	45	45	46	47	48	48	49	50	51	52	53	54	54	55	56	57	58	59	60	60	61	65	66	67	68	69	69	69	69	69	70	71	71	72	73	75
Income taxes
66	70	67	65	62	59	53	50	49	48	43	39	37	37	29	30	31	30	35	37	32	36	40	38	35	32	31	26	21	17	-	-	-	0	-	-	-
Operating lease right-of-use assets
49	47	48	49	50	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current income tax receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
392	384	390	394	410	391	352	363	364	359	379	386	356	334	356	351	343	304	314	290	279	273	283	298	303	282	261	271	307	302	328	281	269	268	308	291	307
Separate account assets
2,128	2,485	2,427	2,437	2,368	2,195	2,419	2,389	2,419	2,572	2,486	2,424	2,356	2,287	2,347	2,311	2,264	2,063	2,086	2,324	2,386	2,440	2,469	2,581	2,458	2,503	2,512	2,435	2,614	2,618	2,630	2,500	2,541	2,408	2,276	2,544	2,446
Total assets
13,270	13,688	13,451	13,317	13,076	12,595	12,707	12,496	12,492	12,460	12,206	11,945	11,669	11,438	11,368	11,204	11,012	10,610	10,562	10,781	10,724	10,737	10,742	10,593	10,388	10,329	10,199	10,005	10,433	10,337	10,434	9,951	10,073	9,851	10,007	10,170	9,769
Liabilities and Stockholders’ Equity:
Liabilities:
Future policy benefits
6,472	6,446	6,374	6,314	6,240	6,168	6,132	6,057	6,004	5,954	5,894	5,812	5,736	5,673	5,629	5,581	5,518	5,431	5,388	5,361	5,289	5,264	5,214	5,180	5,103	5,063	5,022	4,943	4,898	4,850	4,797	4,723	4,676	4,614	4,557	4,532	4,409
Unearned and advance premiums
16	15	16	17	17	15	-	-	-	15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unearned premiums
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	1	1	1	1	4	7	10	6	6	9	11	7	6	8	5
Policy claims and other benefits payable
330	339	316	322	308	313	287	286	308	307	284	267	268	268	246	235	243	238	222	254	259	245	285	238	243	253	248	238	254	254	242	236	248	241	242	233	229
Other policyholders’ funds
390	388	381	377	377	370	394	386	384	363	371	377	373	363	348	351	352	365	351	352	342	344	343	336	340	337	334	337	350	345	346	347	346	340	340	346	357
Notes payable
374	374	373	373	373	373	373	373	373	373	373	373	373	372	372	372	372	372	374	374	374	374	374	374	374	374	374	374	374	374	374	300	300	300	300	300	300
Surplus note
1,236	1,183	1,139	1,087	1,035	969	891	843	795	736	688	634	534	502	453	430	404	364	356	328	238	220	189	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax payable
-	-	-	-	-	22	-	-	-	24	-	-	-	26	-	-	-	6	-	-	-	15	-	-	-	15	-	-	-	28	-	-	-	33	-	-	43
Income taxes
208	209	207	206	206	164	182	182	184	152	255	241	237	198	215	199	177	141	152	156	157	125	136	137	127	90	101	89	122	86	96	82	88	48	136	130	53
Operating lease liabilities
55	53	54	55	56	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
498	510	511	496	505	486	511	495	506	451	463	428	449	449	436	422	418	408	400	367	381	410	365	346	375	377	329	344	366	358	424	329	331	381	390	364	385
Payable under securities lending
28	28	39	43	64	52	70	82	89	89	106	115	93	73	95	91	87	71	83	63	55	50	67	93	109	89	75	86	133	139	177	143	142	149	185	163	181
Separate account liabilities
2,128	2,485	2,427	2,437	2,368	2,195	2,419	2,389	2,419	2,572	2,486	2,424	2,356	2,287	2,347	2,311	2,264	2,063	2,086	2,324	2,386	2,440	2,469	2,581	2,458	2,503	2,512	2,435	2,614	2,618	2,630	2,500	2,541	2,408	2,276	2,544	2,446
Commitments and contingent liabilities (see Commitments and Contingent Liabilities note)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	0
Total liabilities
11,740	12,036	11,843	11,731	11,555	11,133	11,264	11,096	11,066	11,041	10,926	10,676	10,423	10,217	10,147	9,997	9,840	9,465	9,416	9,583	9,484	9,492	9,448	9,290	9,134	9,107	9,004	8,859	9,125	9,062	9,097	8,674	8,686	8,525	8,435	8,623	8,412
Stockholders’ equity:
Common stock ($0.01 par value; authorized 500,000 shares in 2020 and 2019; issued and outstanding 40,460 shares in 2020 and 41,207 shares in 2019)
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Paid-in capital
-	-	-	-	-	-	-	-	-	-	-	-	28	52	66	102	137	180	195	259	323	353	429	447	462	472	464	456	609	602	691	693	842	835	898	894	1,010
Retained earnings
1,565	1,593	1,553	1,537	1,506	1,489	1,452	1,409	1,416	1,375	1,228	1,224	1,182	1,138	1,090	1,040	989	952	912	871	830	795	756	721	679	640	609	572	535	503	468	426	383	344	526	488	194
Accumulated other comprehensive income (loss), net of income tax:
Unrealized foreign currency translation gains (losses)
-34	-5	-12	-8	-14	-21	-5	-10	-4	3	4	-5	-12	-13	-8	-5	-3	-19	-11	4	1	21	30	41	33	41	48	43	51	55	58	50	54	51	48	60	54
Net unrealized investment gains (losses) on available-for-sale securities:
Net unrealized investment gains (losses) not other-than-temporarily impaired
-	-	66	56	29	-7	-4	1	14	39	47	49	47	42	71	68	48	32	49	61	83	74	78	92	78	67	72	74	112	114	119	107	107	97	99	105	98
Net unrealized investment losses other-than-temporarily impaired
-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1	1	1	1	1	1	1	2	1	-1	2	2	2
Total stockholders’ equity
1,530	1,652	1,607	1,585	1,521	1,461	1,443	1,400	1,426	1,419	1,280	1,269	1,246	1,221	1,220	1,207	1,172	1,145	1,146	1,197	1,239	1,245	1,294	1,302	1,253	1,222	1,195	1,146	1,307	1,275	1,337	1,276	1,387	1,326	1,571	1,546	1,356
Total liabilities and stockholders’ equity
13,270	13,688	13,451	13,317	13,076	12,595	12,707	12,496	12,492	12,460	12,206	11,945	11,669	11,438	11,368	11,204	11,012	10,610	10,562	10,781	10,724	10,737	10,742	10,593	10,388	10,329	10,199	10,005	10,433	10,337	10,434	9,951	10,073	9,851	10,007	10,170	9,769
Fixed-maturity Securities [Member]
Fixed-maturity securities and Short-term investments available-for-sale, at fair value
-	-	2,292	2,216	2,088	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trading securities, at fair value (cost: $13,581 in 2019 and $13,597 in 2018)
-	-	13	23	26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term Investments [Member]
Fixed-maturity securities and Short-term investments available-for-sale, at fair value
-	-	-	-	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-