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Primerica PRI Interest Expense Surplus Note

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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 pri:InterestExpenseSurplusNote.

The source filing: Primerica’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 12:44 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-337365
Line itemThree months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Net premiums435,474432,846891,860881,169
Commissions and fees368,610306,032725,352602,988
Investment income net of investment expenses56,60055,549113,106111,888
Interest expense on surplus note(12,862)(14,621)(26,085)(29,289)
Net investment income43,73840,92887,02182,599
Realized investment gains (losses)78(2,338)(769)(2,421)
Other investment gains (losses)1,613(528)2,856312
Investment gains (losses)1,691(2,866)2,087(2,109)

ITEM 1. FINANCIAL STATEMENTS.

FAQ

What is Primerica's interest expense surplus note?
Primerica (PRI) reported interest expense surplus note of $12.86M in Q2 2026.
How has Primerica's interest expense surplus note changed year-over-year?
Primerica's interest expense surplus note decreased by 12.0% year-over-year, from $14.62M to $12.86M.
What is the long-term trend for Primerica's interest expense surplus note?
Over 4 years (2021 to 2025), Primerica's interest expense surplus note has grown at a -1.7% compound annual growth rate (CAGR), from $62.21M to $58.04M.
What does interest expense surplus note mean?
The interest expense incurred on surplus notes, which are debt instruments issued by insurance companies that are often treated as equity for regulatory capital purposes. This reflects the cost of capital used to support the company's regulatory solvency requirements.

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