XML 14 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Investments:    
Fixed-maturity securities available-for-sale, at fair value (amortized cost: $2,822,996 in 2023 and $2,801,415 in 2022) $ 2,558,626 $ 2,495,456
Fixed-maturity security held-to-maturity, at amortized cost (fair value: $1,388,411 in 2023 and $1,340,265 in 2022) 1,460,000 1,444,920
Short-term investments available-for-sale, at fair value (amortized cost: $70,185 in 2023 and $69,393 in 2022) 70,187 69,406
Equity securities, at fair value (historical cost: $29,475 in 2023 and $29,430 in 2022) 33,984 35,404
Trading securities, at fair value (cost: $19,033 in 2023 and $4,229 in 2022) 18,497 3,698
Policy loans and other invested assets 50,003 48,713
Total investments 4,191,297 4,097,597
Cash and cash equivalents 515,090 489,240
Accrued investment income 22,153 20,885
Reinsurance recoverables 3,179,074 3,176,397
Deferred policy acquisition costs, net 3,256,845 3,194,029
Renewal commissions receivable 194,409 200,043
Agent balances, due premiums and other receivables 259,759 254,276
Goodwill 127,707 127,707
Intangible assets, net (accumulated amortization: $18,375 in 2023 and $15,750 in 2022) 182,900 185,525
Income taxes 106,310 97,972
Operating lease right-of-use assets 38,575 40,500
Other assets 391,605 428,259
Separate account assets 2,329,968 2,305,717
Total assets 14,795,692 14,618,147
Liabilities:    
Future policy benefits 6,561,624 6,297,906
Unearned and advance premiums 16,703 15,422
Policy claims and other benefits payable 498,483 538,250
Other policyholders’ funds 481,561 483,769
Note payable 593,106 592,905
Surplus note 1,459,565 1,444,469
Income taxes 199,394 202,462
Operating lease liabilities 43,955 45,995
Other liabilities 615,780 580,780
Payable under securities lending 74,452 100,938
Separate account liabilities 2,329,968 2,305,717
Commitments and contingent liabilities (see Commitments and Contingent Liabilities note)
Total liabilities 12,874,591 12,608,613
Equity attributable to Primerica, Inc.:    
Common stock ($0.01 par value; authorized 500,000 shares in 2023 and 2022; issued and outstanding 36,407 shares in 2023 and 36,824 shares in 2022) 364 368
Retained earnings 2,151,771 2,130,935
Accumulated other comprehensive income (loss), net of income tax:    
Effect of change in discount rate assumptions on the liability for future policy benefits (11,679) 131,295
Unrealized foreign currency translation gains (losses) (11,198) (12,196)
Net unrealized investment gains (losses) on available-for-sale securities (208,157) (240,868)
Total permanent stockholders’ equity 1,921,101 2,009,534
Total liabilities and temporary and permanent stockholders’ equity $ 14,795,692 $ 14,618,147