Primerica, inc. (PRI)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Revenues:
Direct premiums

2,753

2,667

2,562

2,444

2,345

2,301

2,265

2,231

2,229

2,181

2,112

Ceded premiums

1,569

1,581

1,600

1,600

1,595

1,616

1,644

1,663

1,703

1,450

610

Net premiums

1,184

1,085

961

843

750

684

621

567

526

730

1,502

Commissions and fees

713

677

591

541

537

527

471

429

414

382

335

Investment income net of investment expenses

142

118

105

97

89

89

88

-

-

-

-

Interest expense on surplus note

48

37

26

18

13

3

-

-

-

-

-

Net investment income

94

81

79

79

76

86

88

100

108

165

351

Realized investment gains (losses)

4

-2

1

4

-1

-0

6

11

6

34

-21

Other, net

55

56

56

50

42

39

41

45

47

48

53

Revenues

2,052

1,899

1,689

1,519

1,404

1,337

1,228

1,153

1,103

1,361

2,220

Benefits and expenses:
Benefits and claims

493

457

416

367

339

311

279

254

242

317

600

Amortization of deferred policy acquisition costs

254

239

209

180

157

144

129

118

104

147

352

Sales commissions

357

335

297

272

274

268

232

204

191

180

162

Insurance expenses

178

168

147

132

123

113

103

90

89

105

179

Insurance commissions

25

24

21

17

16

15

16

21

38

48

50

Interest expense

28

28

28

28

33

34

35

33

27

20

0

Other operating expenses

237

229

189

181

168

173

187

164

164

180

132

Total benefits and expenses

1,575

1,483

1,309

1,181

1,113

1,061

983

887

859

1,000

1,478

Income before income taxes

477

416

379

337

290

275

245

266

243

361

741

Income taxes

110

91

29

118

101

95

86

92

86

129

259

Income from continuing operations

-

-

-

-

-

179

158

173

-

-

-

Income from discontinued operations, net of income taxes

-

-

-

-

-

1

4

0

-

-

-

Net income

366

324

350

219

189

181

162

173

157

232

482

Continuing operations

-

-

-

-

-

3.26

2.80

2.76

-

-

-

Discontinued operations

-

-

-

-

-

0.03

0.07

0.01

-

-

-

Earnings per share:
Basic earnings per share

8.65

7.35

7.63

4.59

3.70

3.29

2.87

2.77

2.11

3.09

-

Continuing operations

-

-

-

-

-

3.26

2.76

2.70

-

-

-

Discontinued operations

-

-

-

-

-

0.03

0.07

0.01

-

-

-

Diluted earnings per share

8.62

7.33

7.61

4.59

3.70

3.29

2.83

2.71

2.08

3.06

-

Weighted-average shares used in computing earnings per share:
Basic

42

43

45

47

50

54

55

61

72

72

-

Diluted

42

43

45

47

50

54

56

62

73

72

-

Supplemental disclosures:
Total impairment losses

1

0

1

3

6

4

1

1

2

12

-74

Impairment losses recognized in other comprehensive income before income taxes

-

-

0

-

-

-

-0

-0

-0

-0

13

Net impairment losses recognized in earnings

1

0

1

3

6

4

0

0

2

12

-61

Other net realized investment gains (losses)

1

0

2

7

5

3

6

12

8

46

39

Net gains (losses) recognized on equity securities

5

-2

-

-

-

-

-

-

-

-

-

Net realized investment gains (losses)

4

-2

1

4

-1

-0

6

11

6

34

-21

Dividends declared per share

-

-

-

-

0.64

0.48

0.44

0.24

0.10

0.02

-