Primerica, Inc.PRI
NYSE•Financial Services•Insurance - Life
Primerica, Inc., together with its subsidiaries, provides financial products and services to middle-income households in the United States and Canada. It operates in three segments: Term Life Insurance; Investment and Savings Products; and Corporate and Other Distributed Products. The Term Life Insurance segment underwrites individual term life insurance products. The Investment and Savings Products segment provides mutual funds and various retirement plans, managed investments, variable and fixed annuities, and fixed indexed annuities; and offers segregated funds. The Corporate and Other Distributed Products segment provides mortgage loans; prepaid legal services that assist subscribers with legal matters, such as drafting wills, living wills and powers of attorney, trial defense, and motor vehicle-related matters; ID theft defense services; auto and homeowners' insurance; home automation solutions; and insurance products, including supplemental and accidental death, and disability insurance. It distributes and sells its products through licensed sales representatives to middle-income households. Primerica, Inc. was founded in 1927 and is headquartered in Duluth, Georgia.
Primerica, Inc. (PRI) reported trailing twelve months revenue of $3.36B as of March 2026, a 6.6% increase year-over-year. Quarterly revenue reached $872.69M, reflecting continued top-line momentum.
Primerica, Inc. generated $772.28M in TTM net income, with quarterly EBITDA of $253.28M. The operating margin expanded from 27.5% to 28.6%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (28.6%) and net margin (21.8%) indicates moderate non-operating costs. Net margin has improved from 21.0% a year ago, signaling stronger bottom-line efficiency.
PRI trades at a P/E of 11.6x (below the broader market average) and a P/S of 2.7x. The price-to-book ratio of 3.5x reflects a moderate premium to book value.
The company generated $156.79M in free cash flow over the trailing twelve months, a 20.6% decrease year-over-year, indicating cash generation ability. The balance sheet shows $14.68B in total assets with $595.52M in long-term debt against $2.52B in stockholders equity for a debt-to-equity ratio of 0.2, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~30.7% on average, but show some variability — pricing power may be sensitive to market conditions.
Consistently high ROE averaging 26.2% suggests a durable competitive advantage and efficient capital allocation.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (6 of 7 quarters up), with ~12.6% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Operating margins declined 5.3% — watch for continued compression, which may signal competitive or cost pressure.
FCF covers net income by 19.6x on average — earnings are well-supported by cash generation.
D/E ratio is 0.2 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 7.9% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation