XML 17 R2.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Investments:    
Fixed-maturity securities available-for-sale, at fair value (amortized cost: $2,801,415 in 2022 and $2,621,388 in 2021) $ 2,495,456 $ 2,702,567
Fixed-maturity security held-to-maturity, at amortized cost (fair value: $1,340,265 in 2022 and $1,551,113 in 2021) 1,444,920 1,379,100
Short-term investments available-for-sale, at fair value (amortized cost: $69,393 in 2022 and $85,246 in 2021) 69,406 85,243
Equity securities, at fair value (historical cost: $29,430 in 2022 and $34,255 in 2021) 35,404 42,551
Trading securities, at fair value (cost: $4,229 in 2022 and $24,769 in 2021) 3,698 24,355
Policy loans and other invested assets 48,713 30,612
Total investments 4,097,597 4,264,428
Cash and cash equivalents 489,240 392,501
Accrued investment income 20,885 18,702
Reinsurance recoverables 4,015,909 4,268,419
Deferred policy acquisition costs, net 3,081,886 2,943,782
Renewal commissions receivable 200,043 231,751
Agent balances, due premiums and other receivables 254,276 257,675
Goodwill 127,707 179,154
Intangible assets, net 185,525 195,825
Deferred income taxes 101,333 81,799
Operating lease right-of-use assets 40,500 47,942
Other assets 428,259 441,253
Separate account assets 2,305,717 2,799,992
Total assets 15,348,877 16,123,223
Liabilities:    
Future policy benefits 7,390,800 7,138,649
Unearned and advance premiums 15,422 16,437
Policy claims and other benefits payable 538,250 585,382
Other policyholders’ funds 483,769 501,823
Notes payable - Short term   15,000
Notes payable - Long term 592,905 592,102
Surplus note 1,444,469 1,378,585
Income tax payable 36,876 15,311
Deferred income taxes 91,457 226,000
Operating lease liabilities 45,995 53,920
Other liabilities 580,780 615,710
Payable under securities lending 100,938 94,529
Separate account liabilities 2,305,717 2,799,992
Commitments and contingent liabilities (see Commitments and Contingent Liabilities note)
Total liabilities 13,627,378 14,033,440
Temporary Stockholders’ Equity    
Redeemable noncontrolling interests in consolidated entities   7,271
Equity attributable to Primerica, Inc.:    
Common stock ($0.01 par value; authorized 500,000 in 2022 and 2021; issued and outstanding 36,824 shares in 2022 and 39,368 shares in 2021) 368 394
Paid-in capital   5,224
Retained earnings 1,973,403 2,004,506
Accumulated other comprehensive income (loss), net of income tax:    
Unrealized foreign currency translation gains (losses) (11,404) 8,611
Net unrealized investment gains (losses) on available-for-sale securities (240,868) 63,777
Total permanent stockholders’ equity 1,721,499 2,082,512
Total liabilities and temporary and permanent stockholders’ equity $ 15,348,877 $ 16,123,223