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Primerica PRI Surplus Notes

Surplus Notes at other companies

W.R. Berkley logo
W.R. BerkleyWRB
$1.63B+13.9%
MIT
TPG Mortgage Investment Trust MITT
$96.66M+0.8%
Synchrony Financial logo
Synchrony FinancialSYF
$7.51B-10.8%
Rithm Capital logo
Rithm CapitalRITM
$14.83B+47.9%
W.R. Berkley logo
W.R. BerkleyWRB
$1.83B-0.1%
FBR
Franklin BSP Realty TrustFBRT
$24M0.0%

Other financials

Income statement

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Revenue$872.7M+8.4%
Gross profit$775.2M+17.3%
Net income$190.1M+12.4%
EPS (diluted)$5.97+18.2%

Balance sheet

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Cash & equivalents$645.8M+3.3%
Total debt$48.4M-8.6%
Total equity$2.5B+11.7%
Total assets$14.7B+0.6%

Cash flow

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Operating cash flow$156.8M-20.6%

Valuation

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Market cap$8.79B-16.2%
Enterprise value$8.19B-17.5%
P/E11.4×-9.5×
P/S2.6×-0.7×

Profitability

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Gross margin98.1%+0.2pp
Net margin23%+7.1pp

Returns & leverage

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Return on equity32.3%+9.8pp
Debt / equity0.0×

Where this comes from

Reported directly by Primerica in its filing.

Tagged under the XBRL concept us-gaap:SurplusNotes.

The official record: Primerica’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Primerica's surplus notes?
Primerica (PRI) reported surplus notes of $1.13B in Q1 2026.
How has Primerica's surplus notes changed year-over-year?
Primerica's surplus notes decreased by 12.0% year-over-year, from $1.29B to $1.13B.
What is the long-term trend for Primerica's surplus notes?
Over 5 years (2020 to 2025), Primerica's surplus notes has grown at a -2.7% compound annual growth rate (CAGR), from $1.35B to $1.18B.
What does surplus notes mean?
Surplus notes are a unique form of debt issued by insurance companies that are subordinate to policyholder claims and general creditors. They are often treated as equity by regulators for capital adequacy purposes, providing a flexible way to bolster statutory capital. Interest payments on these notes typically require regulatory approval.