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

The calculation of basic and diluted EPS was as follows:

 

 

Three months ended March 31,

 

 

 

 

2022

 

 

2021

 

 

 

 

(In thousands, except per-share amounts)

Basic EPS:

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income attributable to Primerica, Inc.

 

$

81,419

 

 

$

97,872

 

 

Income attributable to unvested participating securities

 

 

(337

)

 

 

(417

)

 

Net income used in calculating basic EPS

 

$

81,082

 

 

$

97,455

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average vested shares

 

 

39,221

 

 

 

39,456

 

 

Basic EPS

 

$

2.07

 

 

$

2.47

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS:

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income attributable to Primerica, Inc.

 

$

81,419

 

 

$

97,872

 

 

Income attributable to unvested participating securities

 

 

(337

)

 

 

(416

)

 

Net income used in calculating diluted EPS

 

$

81,082

 

 

$

97,456

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average vested shares

 

 

39,221

 

 

 

39,456

 

 

Dilutive effect of incremental shares to be issued for

   contingently-issuable shares

 

 

111

 

 

 

125

 

 

Weighted-average shares used in calculating diluted EPS

 

 

39,332

 

 

 

39,581

 

 

Diluted EPS

 

$

2.06

 

 

$

2.46