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Primerica PRI Goodwill

Goodwill at other companies

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$490.45M0.0%
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$9.54B+4.3%
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$2.68B+21.2%
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$1.6B+0.8%
BEN
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T Rowe Price GroupTROW
$2.64B0.0%

Other financials

Income statement

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Revenue$865.1M+9.0%
Gross profit$775.2M+17.3%
Net income$202.3M+13.4%
EPS (diluted)$6.45+19.4%

Balance sheet

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Cash & equivalents$600.2M-3.4%
Total debt$46.9M-10.5%
Total equity$2.5B+9.3%
Total assets$14.8B-0.3%

Cash flow

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Operating cash flow$193.8M+19.2%

Valuation

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Market cap$10B+13.9%
Enterprise value$9.44B+15.0%
P/E12.6×-0.4×
P/S2.9×+0.1×

Profitability

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Gross margin98.1%+0.2pp
Net margin23.2%+1.7pp

Returns & leverage

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Return on equity33%+2.3pp
Debt / equity0.0×

Where this comes from

Reported directly by Primerica in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The source filing: Primerica’s 10-Q, filed August 8, 2024.

Filed
Aug 8, 2024
Fiscal quarter
Q2 FY2024
Calendar quarter
Q2 2024
Accession
0000950170-24-093765
Line item(Unaudited) / June 30, 2024December 31, 2023
Deferred policy acquisition costs, net3,566,1263,447,234
Renewal commissions receivable171,022190,258
Agent balances, due premiums and other receivables288,766273,066
Goodwill-127,707
Intangible assets, net (accumulated amortization: $0 in 2024 and $26,250 in 2023)45,275175,025
Income taxes118,379123,514
Operating lease right-of-use assets50,64653,693
Other assets357,115382,549

ITEM 1. FINANCIAL STATEMENTS.

FAQ

What is Primerica's goodwill?
Primerica (PRI) reported goodwill of $0 in Q2 2024.
How has Primerica's goodwill changed year-over-year?
Primerica's goodwill decreased by 100.0% year-over-year, from $127.71M to $0.
What is the long-term trend for Primerica's goodwill?
Over 2 years (2021 to 2023), Primerica's goodwill has grown at a -15.6% compound annual growth rate (CAGR), from $179.15M to $127.71M.
What does goodwill mean?
The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.

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