XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Investments:    
Fixed-maturity securities available-for-sale, at fair value (amortized cost: $2,789,517 in 2022 and $2,621,388 in 2021) $ 2,705,131 $ 2,702,567
Fixed-maturity security held-to-maturity, at amortized cost (fair value: $1,445,074 in 2022 and $1,551,113 in 2021) 1,390,310 1,379,100
Short-term investments available-for-sale, at fair value (amortized cost: $43,733 in 2022 and $85,246 in 2021) 43,700 85,243
Equity securities, at fair value (historical cost: $31,084 in 2022 and $34,255 in 2021) 39,531 42,551
Trading securities, at fair value (cost: $13,210 in 2022 and $24,769 in 2021) 12,717 24,355
Policy loans 30,295 30,612
Total investments 4,221,684 4,264,428
Cash and cash equivalents 359,779 392,501
Accrued investment income 19,541 18,702
Reinsurance recoverables 4,240,481 4,268,419
Deferred policy acquisition costs, net 2,994,367 2,943,782
Renewal commissions receivable 213,175 231,751
Agent balances, due premiums and other receivables 251,477 257,675
Goodwill 179,154 179,154
Intangible assets 193,400 195,825
Income taxes 89,373 81,799
Operating lease right-of-use assets 46,129 47,942
Other assets 429,362 441,253
Separate account assets 2,696,891 2,799,992
Total assets 15,934,813 16,123,223
Liabilities:    
Future policy benefits 7,216,597 7,138,649
Unearned and advance premiums 17,368 16,437
Policy claims and other benefits payable 574,850 585,382
Other policyholders’ funds 515,830 501,823
Note payable - Short term 6,000 15,000
Note payable - Long term 592,303 592,102
Surplus note 1,389,811 1,378,585
Income taxes 217,327 241,311
Operating lease liabilities 52,078 53,920
Other liabilities 631,786 615,710
Payable under securities lending 93,171 94,529
Separate account liabilities 2,696,891 2,799,992
Commitments and contingent liabilities (see Commitments and Contingent Liabilities note)
Total liabilities 14,004,012 14,033,440
Temporary Stockholders’ Equity    
Redeemable noncontrolling interests in consolidated entities 4,616 7,271
Equity attributable to Primerica, Inc.:    
Common stock ($0.01 par value; authorized 500,000 shares in 2022 and 2021; issued and outstanding 38,752 shares in 2022 and 39,368 shares in 2021) 388 394
Paid-in capital   5,224
Retained earnings 1,980,467 2,004,506
Accumulated other comprehensive income (loss), net of income tax:    
Unrealized foreign currency translation gains (losses) 11,769 8,611
Net unrealized investment gains (losses) on available-for-sale securities (66,439) 63,777
Total permanent stockholders’ equity 1,926,185 2,082,512
Total liabilities and temporary and permanent stockholders’ equity $ 15,934,813 $ 16,123,223