Skip to content

Primerica PRI Life Insurance — Deferred Policy Acquisition Cost Amortization Expense

Discontinued — last reported Q4 '20

Similar metrics at other companies

Chubb logo
CBLife Insurance — Deferred Policy Acquisition Costs, Amortization Expense
$362M+16.8%
Principal Financial Group logo
PFGTerm Life Insurance — Deferred Policy Acquisition Cost Amortization Expense
$16M+2.6%
Prudential Financial logo
PRUIndividual Life — Amortization of deferred policy acquisition costs
$108M+1.9%
Cincinnati Financial logo
CINFTerm Life Insurance — Deferred Policy Acquisition Costs, Amortization Expense
$6M0.0%
Corebridge Financial logo
CRBGLife Insurance — Deferred Policy Acquisition Costs, Amortization Expense
U-Haul Holding logo
UHAL.BLife Insurance — Deferred Policy Acquisition Cost Amortization Expense

Other financials

Income statement

See full
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

See full
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

See full
Operating cash flow$156.8M-20.6%

Valuation

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

Profitability

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

Returns & leverage

See full
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:DeferredPolicyAcquisitionCostAmortizationExpense.

The official record: Primerica’s 10-K, filed March 1, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does life insurance — deferred policy acquisition cost amortization expense mean?
The portion of sales and marketing costs for new policies recognized as an expense during the current period.
How do you interpret life insurance — deferred policy acquisition cost amortization expense?
An increase may reflect higher past sales volume or changes in policy persistency assumptions, while a decrease could indicate lower historical acquisition activity.
How does life insurance — deferred policy acquisition cost amortization expense compare across companies?
Standard accounting practice for insurance companies; comparable to DAC amortization reported by life insurance peers.