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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Earnings Per Share

The calculation of basic and diluted EPS was as follows:

 

 

 

Year ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

 

(In thousands, except per-share amounts)

 

Basic EPS:

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income attributable to Primerica, Inc.

 

$

373,012

 

 

$

373,357

 

 

$

386,164

 

Income attributable to unvested participating securities

 

 

(1,684

)

 

 

(1,533

)

 

 

(1,671

)

Net income used in calculating basic EPS

 

$

371,328

 

 

$

371,824

 

 

$

384,493

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average vested shares

 

 

37,997

 

 

 

39,530

 

 

 

40,065

 

Basic EPS

 

$

9.77

 

 

$

9.41

 

 

$

9.60

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS:

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income attributable to Primerica, Inc.

 

$

373,012

 

 

$

373,357

 

 

$

386,164

 

Income attributable to unvested participating securities

 

 

(1,680

)

 

 

(1,529

)

 

 

(1,667

)

Net income used in calculating diluted EPS

 

$

371,332

 

 

$

371,828

 

 

$

384,497

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average vested shares

 

 

37,997

 

 

 

39,530

 

 

 

40,065

 

Dilutive effect of incremental shares to be issued for
   contingently-issuable shares

 

 

109

 

 

 

122

 

 

 

120

 

Weighted-average shares used in calculating diluted EPS

 

 

38,106

 

 

 

39,652

 

 

 

40,185

 

Diluted EPS

 

$

9.74

 

 

$

9.38

 

 

$

9.57