← Primerica, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $219.4m |
$350.3m
+59.63%
|
$324.1m
-7.47%
|
$366.4m
+13.05%
|
$386.2m
+5.40%
|
$373.4m
-3.32%
|
$373.0m
-0.09%
|
$576.6m
+54.58%
|
$470.5m
-18.40%
|
$751.2m
+59.66%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $219.4m |
$347.7m
+58.48%
|
$322.2m
-7.34%
|
$364.7m
+13.20%
|
$384.5m
+5.42%
|
$371.8m
-3.29%
|
$371.3m
-0.13%
|
$574.1m
+54.61%
|
$717.7m
+25.01%
|
$748.8m
+4.33%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | $324.1m | $366.4m | $386.2m | $372.0m | $368.0m | $576.6m | $470.5m | $751.2m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | ($1.4m) | ($5.0m) | — | — | — | — | |
| Depreciation and amortization | $14.6m | $13.6m | $12.4m | $18.3m | $17.7m | $29.8m | $34.2m | $32.0m | $23.4m | $19.3m | $17.1m | |
| Deferred Policy Acquisition Costs, Amortization Expense | $180.6m | $209.4m | $239.7m | $254.6m | $224.3m | $251.2m | $356.1m | $275.8m | $298.1m | $322.9m | — | |
| Depreciation | $11.2m | $10.1m | $9.0m | $15.7m | $18.0m | $24.6m | $24.1m | $21.7m | $18.2m | $19.3m | $17.1m | |
| Amortization Of Securities | — | — | — | — | — | — | ($241.7m) | ($241.2m) | ($252.8m) | ($215.5m) | ($181.9m) | |
| Deferred Income Tax Expense (Benefit) | $44.3m | ($53.8m) | $2.6m | ($841k) | $266k | ($25.6m) | ($80.0m) | ($43.4m) | ($31.8m) | ($29.6m) | ($29.6m) | |
| Deferred Income Tax | — | — | — | — | — | — | ($52.8m) | ($43.4m) | ($110.6m) | ($29.6m) | ($29.6m) | |
| Deferred Tax | — | — | — | — | — | — | ($52.8m) | ($43.4m) | ($110.6m) | ($29.6m) | ($29.6m) | |
| Share-based Payment Arrangement, Noncash Expense | $13.4m | $15.3m | $17.3m | $17.5m | $19.0m | $16.8m | $22.4m | $18.9m | $25.1m | $24.6m | $24.7m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $4.0m | $6.7m | $6.7m | $7.2m | $5.7m | $6.7m | $5.1m | $10.6m | $9.6m | $9.4m | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | $76.0m | $60.0m | — | — | — | $0 | |
| Asset Impairment Charge | — | — | — | — | — | — | $60.0m | $0 | $253.6m | $0 | $0 | |
| Change In Working Capital | — | — | — | — | — | — | $444.3m | $358.3m | $394.1m | $359.9m | $297.9m | |
| Change In Receivables | — | — | — | — | — | — | $481.3m | $228.4m | $201.3m | $243.0m | $223.8m | |
| Changes In Account Receivables | — | — | — | — | — | — | $461.4m | $218.6m | $178.7m | $239.2m | $223.8m | |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | $143.0m | $164.5m | $175.5m | $186.0m | $232.1m | $284.5m | $243.8m | $249.8m | $247.2m | $257.1m | — | |
| Net Cash Provided by (Used in) Operating Activities | $292.2m |
$388.5m
+32.98%
|
$478.1m
+23.05%
|
$485.5m
+1.56%
|
$643.4m
+32.52%
|
$657.0m
+2.10%
|
$757.7m
+15.33%
|
$692.5m
-8.60%
|
$862.1m
+24.49%
|
$901.2m
+4.53%
|
$891.7m
-1.05%
|
|
| Cash flows from investing activities: | ||||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($25.8m) | ($33.9m) | ($29.2m) | ($26.1m) | ($49.6m) | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $254.6m | $223.1m | $362.4m | $404.0m | $429.1m | $454.1m | $359.7m | $263.4m | $420.7m | $454.3m | — | |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded | — | — | — | — | $525k | $821k | — | — | — | $866k | — | |
| Gain (Loss) on Investments | — | — | — | — | — | $5.9m | ($995k) | ($5.9m) | $2.2m | ($816k) | $859k | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | $494.5m | ($3.9m) | — | — | — | $0 | |
| Payments for (Proceeds from) Other Investing Activities | $13.7m | $6.8m | $13.5m | $25.4m | $27.6m | $24.7m | $25.8m | $33.9m | $29.2m | $26.1m | — | |
| Net Other Investing Changes | — | — | — | — | — | ($22.4m) | — | — | $50.0m | — | $50.0m | |
| Net Cash Provided by (Used in) Investing Activities | ($47.9m) | ($128.3m) | ($232.8m) | ($201.9m) | ($53.5m) | ($923.4m) | ($200.0m) | ($90.1m) | ($232.2m) | ($235.6m) | ($284.1m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | ($8.9m) | — | — | — | — | — | |
| Issuance Of Debt | — | — | — | — | — | $722.3m | $0 | $0 | — | — | $0 | |
| Long Term Debt Issuance | — | — | — | — | — | $597.3m | $0 | $0 | — | — | $0 | |
| Long Term Debt Payments | — | — | — | — | — | — | ($12.6m) | ($265k) | ($256k) | ($262k) | ($242k) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($12.6m) | ($265k) | ($256k) | ($262k) | ($242k) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($12.6m) | ($265k) | ($256k) | ($262k) | ($242k) | |
| Net Short Term Debt Issuance | — | — | — | — | — | $0 | $0 | $0 | — | — | — | |
| Repayment Of Debt | — | — | — | — | — | — | ($12.6m) | ($265k) | ($256k) | ($262k) | ($242k) | |
| Short Term Debt Issuance | — | — | — | — | — | $125.0m | $0 | $0 | — | — | — | |
| Short Term Debt Payments | — | — | — | — | — | ($125.0m) | $0 | $0 | — | — | $0 | |
| Payments for Repurchase of Common Stock | $150.1m | $150.0m | $210.1m | $225.0m | $231.4m | $18.8m | $356.3m | $375.1m | $428.4m | $450.0m | — | |
| Payments of Ordinary Dividends, Common Stock | $33.4m | $35.8m | $44.1m | $57.6m | $64.3m | $74.6m | $83.8m | $93.7m | $112.8m | $136.1m | ($142.7m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($83.8m) | ($93.7m) | ($112.8m) | ($136.1m) | ($142.7m) | |
| Common Stock Payments | — | — | — | — | — | — | ($356.3m) | ($375.1m) | ($425.0m) | ($450.0m) | ($473.2m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($356.3m) | ($375.1m) | ($425.0m) | ($450.0m) | ($473.2m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($356.3m) | ($375.1m) | ($425.0m) | ($450.0m) | ($473.2m) | |
| Payments of Dividends | — | — | — | — | — | — | $255.0m | $330.0m | $290.0m | $271.7m | ($142.7m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($83.8m) | ($93.7m) | ($112.8m) | ($136.1m) | ($142.7m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($5.1m) | ($10.6m) | ($13.0m) | ($13.3m) | ($11.0m) | |
| Net Cash Provided by (Used in) Financing Activities | ($185.1m) |
($193.5m)
-4.50%
|
($261.0m)
-34.91%
|
($290.1m)
-11.16%
|
($301.8m)
-4.02%
|
$108.0m
+135.78%
|
($457.9m)
-524.04%
|
($479.6m)
-4.76%
|
($551.1m)
-14.91%
|
($599.6m)
-8.80%
|
($627.1m)
-4.58%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $572k | $1.2m | ($2.1m) | ($5.3m) | $290.7m | ($155.1m) | $96.7m | $123.9m | $74.7m | $68.4m | $601.7m | |
| Beginning Cash Position | — | — | — | — | — | — | $392.5m | $489.2m | $613.1m | $687.8m | $621.2m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($3.0m) | $1.1m | ($4.0m) | $2.4m | ($1.5m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $28.0m | $27.8m | $27.9m | $28.1m | $27.9m | $33.9m | $27.1m | $27.3m | $24.2m | $23.1m | — | |
| Income Taxes Paid, Net | $45.4m | $83.3m | $88.3m | $115.1m | $123.3m | $154.8m | $178.2m | $227.3m | $140.3m | $236.1m | — | |
| Additional Financial Items | ||||||||||||
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | — | — | — | — | — | — | — | $0 | $2.0m | $2.0m | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | ($48k) | ($254k) | ($281k) | — | — | — | — | $776k | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | ($2.4m) | $5.5m | ($2.2m) | — | — | — | — | — | — | |
| Goodwill | — | — | — | — | — | $179.2m | $127.7m | $127.7m | — | — | $0 | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | $0 | $720.1m | $751.2m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $219.4m | — | — | — | — | — | — | $0 | $95.8m | $0 | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | $0 | ($249.6m) | $0 | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | $0 | ($249.6m) | $0 | — | |
| Income Tax Expense (Benefit) | $118.2m | $29.3m | $92.0m | $110.7m | $120.6m | $139.2m | $125.8m | $175.1m | $219.1m | $223.3m | — | |
| Payments of Financing Costs | — | $868k | — | — | — | — | — | — | — | — | — | |
| Realized Investment Gains (Losses) | $4.1m | $1.3m | ($2.1m) | $5.0m | ($5.0m) | $4.7m | $1.4m | ($645k) | $1.0m | ($2.0m) | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($457.9m) | ($479.6m) | ($551.1m) | ($599.6m) | ($627.1m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($200.0m) | ($90.1m) | ($210.9m) | ($235.6m) | ($284.1m) | |
| Cash From Discontinued Investing Activities | — | — | — | — | — | — | $0 | $0 | ($21.4m) | $0 | $0 | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $96.7m | $123.9m | $74.7m | $68.4m | — | |
| Change In Other Working Capital | — | — | — | — | — | — | ($1.1m) | $27.4m | $48.5m | $21.6m | ($19.2m) | |
| Changes In Cash | — | — | — | — | — | — | $99.8m | $122.8m | $78.7m | $66.0m | ($19.5m) | |
| End Cash Position | — | — | — | — | — | — | $489.2m | $613.1m | $687.8m | $756.2m | $601.7m | |
| Financing Cash Flow | — | — | — | — | — | — | ($457.9m) |
($479.6m)
-4.76%
|
($551.1m)
-14.91%
|
($599.6m)
-8.80%
|
($627.1m)
-4.58%
|
|
| Free Cash Flow | — | — | — | — | — | — | $731.9m | $658.6m | $832.9m | $875.1m | $842.2m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($1.4m) | $2.8m | ($607k) | $2.5m | $859k | |
| Investing Cash Flow | — | — | — | — | — | — | ($200.0m) | ($90.1m) | ($232.2m) | ($235.6m) | ($284.1m) | |
| Net Business Purchase And Sale | — | — | — | — | — | ($494.5m) | $3.9m | $0 | $0 | — | $0 | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($178.1m) | ($56.2m) | ($231.6m) | ($209.5m) | ($366.0m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($25.8m) | ($33.9m) | ($29.2m) | ($26.1m) | ($49.6m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($1.4m) | $2.8m | ($607k) | $2.5m | $781k | |
| Other Non Cash Items | — | — | — | — | — | — | $23.3m | ($14.6m) | ($34.7m) | ($9.5m) | — | |
| Purchase Of Business | — | — | — | — | — | ($494.5m) | — | $0 | $0 | — | $0 | |
| Purchase Of Investment | — | — | — | — | — | — | ($678.1m) | ($432.5m) | ($664.4m) | ($690.4m) | ($908.2m) | |
| Purchase Of PPE | — | — | — | — | — | — | ($25.8m) | ($33.9m) | ($29.2m) | ($26.1m) | ($49.6m) | |
| Sale Of Investment | — | — | — | — | — | — | $500.0m | $376.3m | $432.7m | $480.9m | $542.2m | |
| Stock Based Compensation | — | — | — | — | — | — | $22.4m | $18.9m | $25.1m | $24.6m | $24.7m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | — | $2.4m | $3.1m | ($1.6m) | ($1.7m) | ($4.1m) |