PRIPrimerica, Inc.
Life Insurance
- Revenue
- $3.3B
- 6.6% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $8.7B
- Employees
- 40,000
- $82K revenue each
- Net debt / EBITDA
- —
- −$226M net debt
- AI in 10-K
- 1.7
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo192% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo65% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo0% of assetsOver 40% of assets
- Shareholder dissentNo—Any vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeYes$82K · 11th pctBottom quartile of its SIC industry
- Quiet on AINo1.7 per 10K words · 49th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo$8.7B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$5M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $2.7B | $2.7B | $2.7B | $3.1B | $3.3B | 6.6% |
| Net income | $477M | $472M | $577M | $471M | — | |
| Operating cash flow | $657M | $758M | $693M | $862M | $901M | 4.5% |
| Stock-based comp | $17M | $22M | $19M | $25M | $25M | 1.9% |
| Buybacks | $19M | $356M | $375M | $425M | $450M | 5.9% |
| Dividends | $75M | $84M | $94M | $113M | $136M | 21% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $5M · 11
- Net
- −$5M
Pay vs performance
No pay-versus-performance disclosure yet.