EXHIBIT 12.1
Primerica, Inc.
Computation of Earnings to Fixed Charges Ratios
(In thousands, except ratios)





2016 


2015 


2014 


2013 


2012 


Earnings: 






















1. 

Income from continuing operations before income taxes 

$ 
337,595 


$ 
290,981 


$ 
275,722 


$ 
245,006 


$ 
266,122 

Fixed charges: 






















2. 

Interest expense 


28,691 



33,507 



34,570 



35,018 



33,101 


3. 

Interest credited on investmenttype contracts 


6,930 



7,157 



7,277 



7,612 



8,300 


4. 

Interest factor on rental expense 


516 



534 



573 



613 



513 


5. 

Total fixed charges (2 + 3 + 4) 


36,137 



41,198 



42,420 



43,243 



41,914 


6. 

Earnings before fixed charges (1 + 5) 

$ 
373,732 


$ 
332,179 


$ 
318,142 


$ 
288,249 


$ 
308,036 

Ratios: 






















7. 

Earnings to total fixed charges (6 / 5) 


10.3 



8.1 



7.5 



6.7 



7.3 


^{(1)} 
^{}For purposes of determining interest expense in calculating the ratio of earnings to fixed charges, Primerica, Inc. excludes interest contractually charged on a surplus note that was issued by a wholly owned subsidiary in exchange for an equivalent principalvalue heldtomaturity security that contractually earns an equal and offsetting amount of interest income. 
EXH 12.11