Primerica Inc (PRI) - Net Assets
Based on the latest financial reports, Primerica Inc (PRI) has net assets worth $2.30 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($14.85 Billion) and total liabilities ($12.55 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check PRI cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.30 Billion |
| % of Total Assets | 15.46% |
| Annual Growth Rate | -4.31% |
| 5-Year Change | 23.05% |
| 10-Year Change | 97.16% |
| Growth Volatility | 20.91 |
Primerica Inc - Net Assets Trend (2007–2024)
This chart illustrates how Primerica Inc's net assets have evolved over time, based on quarterly financial data. Also explore PRI total asset value for the complete picture of this company's asset base.
Annual Net Assets for Primerica Inc (2007–2024)
The table below shows the annual net assets of Primerica Inc from 2007 to 2024. For live valuation and market cap data, see PRI company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.26 Billion | +9.35% |
| 2023-12-31 | $2.07 Billion | +20.01% |
| 2022-12-31 | $1.72 Billion | -17.62% |
| 2021-12-31 | $2.09 Billion | +13.83% |
| 2020-12-31 | $1.84 Billion | +11.10% |
| 2019-12-31 | $1.65 Billion | +13.07% |
| 2018-12-31 | $1.46 Billion | +2.99% |
| 2017-12-31 | $1.42 Billion | +16.19% |
| 2016-12-31 | $1.22 Billion | +6.60% |
| 2015-12-31 | $1.15 Billion | -7.98% |
| 2014-12-31 | $1.25 Billion | +1.89% |
| 2013-12-31 | $1.22 Billion | -4.19% |
| 2012-12-31 | $1.28 Billion | -10.35% |
| 2011-12-31 | $1.42 Billion | -0.62% |
| 2010-12-31 | $1.43 Billion | -71.04% |
| 2009-12-31 | $4.94 Billion | +20.23% |
| 2008-12-31 | $4.11 Billion | -13.97% |
| 2007-12-31 | $4.78 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Primerica Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 37.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.23 Billion | 98.78% |
| Common Stock | $334.00K | 0.01% |
| Other Comprehensive Income | $27.22 Million | 1.21% |
| Total Equity | $2.26 Billion | 100.00% |
Primerica Inc Competitors by Market Cap
The table below lists competitors of Primerica Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
L E Lundbergföretagen AB (publ)
ST:LUND-B
|
$8.70 Billion |
|
Henry Schein Inc
NASDAQ:HSIC
|
$8.70 Billion |
|
The Lottery Corporation Ltd
AU:TLC
|
$8.71 Billion |
|
Samsung SDS Co Ltd
KO:018260
|
$8.71 Billion |
|
Karman Holdings Inc.
NYSE:KRMN
|
$8.70 Billion |
|
ICON Public Limited Company
F:IJF
|
$8.69 Billion |
|
Everbright Securities Co Ltd
SHG:601788
|
$8.68 Billion |
|
Advanced Fiber Resources Zhuhai Ltd
SHE:300620
|
$8.68 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Primerica Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,065,967,000 to 2,259,041,000, a change of 193,074,000 (9.3%).
- Net income of 470,518,000 contributed positively to equity growth.
- Dividend payments of 112,814,000 reduced retained earnings.
- Share repurchases of 428,425,000 reduced equity.
- Other comprehensive income increased equity by 238,553,000.
- Other factors increased equity by 25,242,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $470.52 Million | +20.83% |
| Dividends Paid | $112.81 Million | -4.99% |
| Share Repurchases | $428.43 Million | -18.96% |
| Other Comprehensive Income | $238.55 Million | +10.56% |
| Other Changes | $25.24 Million | +1.12% |
| Total Change | $- | 9.35% |
Book Value vs Market Value Analysis
This analysis compares Primerica Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.19x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 4.35x to 4.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | $63.73 | $276.96 | x |
| 2008-12-31 | $54.83 | $276.96 | x |
| 2009-12-31 | $67.99 | $276.96 | x |
| 2010-12-31 | $19.64 | $276.96 | x |
| 2011-12-31 | $19.46 | $276.96 | x |
| 2012-12-31 | $20.44 | $276.96 | x |
| 2013-12-31 | $21.58 | $276.96 | x |
| 2014-12-31 | $22.81 | $276.96 | x |
| 2015-12-31 | $22.50 | $276.96 | x |
| 2016-12-31 | $25.74 | $276.96 | x |
| 2017-12-31 | $31.06 | $276.96 | x |
| 2018-12-31 | $33.23 | $276.96 | x |
| 2019-12-31 | $39.05 | $276.96 | x |
| 2020-12-31 | $45.69 | $276.96 | x |
| 2021-12-31 | $52.52 | $276.96 | x |
| 2022-12-31 | $45.18 | $276.96 | x |
| 2023-12-31 | $57.34 | $276.96 | x |
| 2024-12-31 | $66.06 | $276.96 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Primerica Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 20.83%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.23%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 6.45x
- Recent ROE (20.83%) is above the historical average (17.72%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 12.42% | 24.83% | 0.20x | 2.55x | $115.64 Million |
| 2008 | 4.08% | 7.63% | 0.20x | 2.71x | $-243.52 Million |
| 2009 | 10.00% | 22.27% | 0.17x | 2.68x | $211.70K |
| 2010 | 16.24% | 17.07% | 0.14x | 6.90x | $89.31 Million |
| 2011 | 11.05% | 14.25% | 0.11x | 7.03x | $14.93 Million |
| 2012 | 13.63% | 14.60% | 0.12x | 8.09x | $46.26 Million |
| 2013 | 13.32% | 12.84% | 0.12x | 8.45x | $40.52 Million |
| 2014 | 14.57% | 13.54% | 0.12x | 8.62x | $56.90 Million |
| 2015 | 16.57% | 13.51% | 0.13x | 9.26x | $75.29 Million |
| 2016 | 17.96% | 14.44% | 0.13x | 9.37x | $97.28 Million |
| 2017 | 24.68% | 20.74% | 0.14x | 8.78x | $208.34 Million |
| 2018 | 22.18% | 17.06% | 0.15x | 8.62x | $177.94 Million |
| 2019 | 22.17% | 17.85% | 0.15x | 8.28x | $201.14 Million |
| 2020 | 21.03% | 17.41% | 0.15x | 8.12x | $202.58 Million |
| 2021 | 22.92% | 17.62% | 0.17x | 7.74x | $269.11 Million |
| 2022 | 27.42% | 17.76% | 0.17x | 8.92x | $299.92 Million |
| 2023 | 27.91% | 20.98% | 0.18x | 7.27x | $370.00 Million |
| 2024 | 20.83% | 15.23% | 0.21x | 6.45x | $244.61 Million |
Industry Comparison
This section compares Primerica Inc's net assets metrics with peer companies in the Insurance - Life industry.
Industry Context
- Industry: Insurance - Life
- Average net assets among peers: $13,304,963,934
- Average return on equity (ROE) among peers: 8.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Primerica Inc (PRI) | $2.30 Billion | 12.42% | 5.47x | $8.70 Billion |
| Atlantic American Corporation (AAME) | $31.80 Million | 29.56% | 5.46x | $48.34 Million |
| Abacus Life Inc. (ABL) | $423.29 Million | -5.66% | 1.07x | $827.97 Million |
| Abacus Global Management, Inc. (ABX) | $423.29 Million | -5.66% | 1.07x | $87.97K |
| Aflac Incorporated (AFL) | $6.65 Billion | 11.96% | 6.67x | $58.55 Billion |
| Brighthouse Financial Inc (BHF) | $14.48 Billion | 5.97% | 13.24x | $3.58 Billion |
| Citizens Inc (CIA) | $176.16 Million | 9.40% | 3.47x | $269.61 Million |
| CNO Financial Group Inc (CNO) | $3.37 Billion | -9.34% | 8.33x | $4.11 Billion |
| F&G Annuities & Life Inc. (FG) | $1.82 Billion | 34.97% | 29.33x | $3.39 Billion |
| Globe Life Inc (GL) | $3.46 Billion | 14.99% | 3.33x | $11.46 Billion |
| Genworth Financial Inc (GNW) | $102.22 Billion | 0.74% | 0.03x | $3.52 Billion |
About Primerica Inc
Primerica, Inc., together with its subsidiaries, provides financial products and services to middle-income households in the United States and Canada. The company operates in three segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products. The Term Life Insurance segment underwrites individual term life insurance products. The Inve… Read more