XML 16 R2.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Investments:    
Fixed-maturity securities available-for-sale, at fair value (amortized cost: $2,935,212 in 2023 and $2,801,415 in 2022) $ 2,719,467 $ 2,495,456
Fixed-maturity security held-to-maturity, at amortized cost (fair value: $1,334,892 in 2023 and $1,340,265 in 2022) 1,386,980 1,444,920
Short-term investments available-for-sale, at fair value (amortized cost: $276 in 2023 and $69,393 in 2022) 276 69,406
Equity securities, at fair value (historical cost: $27,106 in 2023 and $29,430 in 2022) 29,680 35,404
Trading securities, at fair value (cost: $18,761 in 2023 and $4,229 in 2022) 18,383 3,698
Policy loans and other invested assets 51,175 48,713
Total investments 4,205,961 4,097,597
Cash and cash equivalents 613,148 489,240
Accrued investment income 23,958 20,885
Reinsurance recoverables 3,015,777 3,209,540
Deferred policy acquisition costs, net 3,447,234 3,188,502
Renewal commissions receivable 190,258 200,043
Agent balances, due premiums and other receivables 273,066 254,276
Goodwill 127,707 127,707
Intangible assets, net (accumulated amortization: $26,250 in 2023 and $15,750 in 2022) 175,025 185,525
Income tax receivable 6,920  
Deferred income taxes 116,594 93,632
Operating lease right-of-use assets 53,693 40,500
Other assets 382,549 428,259
Separate account assets 2,395,842 2,305,717
Total assets 15,027,732 14,641,423
Liabilities:    
Future policy benefits 6,742,025 6,297,906
Unearned and advance premiums 14,876 15,422
Policy claims and other benefits payable 513,803 538,250
Other policyholders’ funds 435,094 483,769
Notes payable 593,709 592,905
Surplus note 1,386,592 1,444,469
Income tax payable 22,669 36,876
Deferred income taxes 112,578 167,142
Operating lease liabilities 61,358 45,995
Other liabilities 583,434 580,780
Payable under securities lending 99,785 100,938
Separate account liabilities 2,395,842 2,305,717
Commitments and contingent liabilities (see Commitments and Contingent Liabilities note)
Total liabilities 12,961,765 12,610,169
Equity attributable to Primerica, Inc.:    
Common stock ($0.01 par value; authorized 500,000 shares in 2023 and 2022; issued and outstanding 34,996 shares in 2023 and 36,824 shares in 2022) 350 368
Retained earnings 2,276,946 2,153,617
Accumulated other comprehensive income (loss), net of income tax:    
Effect of change in discount rate assumptions on the liability for future policy benefits (39,086) 130,416
Unrealized foreign currency translation gains (losses) (2,235) (12,279)
Net unrealized investment gains (losses) on available-for-sale securities (170,008) (240,868)
Total permanent stockholders’ equity 2,065,967 2,031,254
Total liabilities and temporary and permanent stockholders’ equity $ 15,027,732 $ 14,641,423