Primerica, Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
PRI$304.13+1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows for the
Condensed Consolidated Statements of Cash Flows – Unaudited
| Nine months ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| (In thousands) | ||
| Cash flows from operating activities: | ||
| Net income | $554,187 | $303,447 |
| Adjustments to reconcile net income to cash provided by (used in) operating activities: | ||
| Change in future policy benefits and other policy liabilities | 33,210 | 79,105 |
| Deferral of policy acquisition costs | (407,712) | (411,221) |
| Amortization of deferred policy acquisition costs | 240,091 | 221,231 |
| Change in income taxes | (48,382) | (97,618) |
| Investment (gains) losses | 1,457 | (3,415) |
| Accretion and amortization of investments | (2,510) | (2,748) |
| Depreciation and amortization | 14,337 | 19,078 |
| Change in reinsurance recoverables | 203,525 | 154,257 |
| Change in agent balances, due premiums and other receivables | (18,479) | (28,906) |
| Change in renewal commissions receivable | 2,641 | 22,150 |
| Trading securities sold, matured, called or (acquired), net | (9,610) | 15,238 |
| Share-based compensation | 19,802 | 19,543 |
| Impairment of goodwill and other long-lived assets | - | 253,607 |
| Gain on insurance proceeds received from acquisition representation and warranty policy | - | (50,000) |
| Loss on disposal of discontinued operations, excluding income tax benefit | - | 95,787 |
| Change in other operating assets and liabilities, net | (19,623) | 1,913 |
| Net cash provided by (used in) operating activities | 562,934 | 591,448 |
| Cash flows from investing activities: | ||
| Available-for-sale investments sold, matured or called: | ||
| Fixed-maturity securities — sold | 18,328 | 6,685 |
| Fixed-maturity securities — matured or called | 349,949 | 298,810 |
| Short-term investments — matured or called | - | 268 |
| Equity securities — sold | 26 | - |
| Equity securities — matured or called | 1,829 | 4,375 |
| Available-for-sale investments acquired: | ||
| Fixed-maturity securities | (468,324) | (496,290) |
| Equity securities — acquired | (169) | (157) |
| Purchases of property and equipment and other investing activities, net | (17,450) | (26,648) |
| Cash collateral received (returned) on loaned securities, net | 18,501 | (14,549) |
| Sales (purchases) of short-term investments using securities lending collateral, net | (18,501) | 14,549 |
| Insurance proceeds received from acquisition representation and warranty policy | - | 50,000 |
| Disposal of cash in discontinued operations | - | (18,613) |
| Net cash provided by (used in) investing activities | (115,811) | (181,570) |
| Cash flows from financing activities: | ||
| Dividends paid | (102,764) | (82,606) |
| Common stock repurchased | (379,972) | (380,645) |
| Tax withholdings on share-based compensation | (8,697) | (8,333) |
| Finance leases | (205) | (192) |
| Net cash provided by (used in) financing activities | (491,638) | (471,776) |
| Effect of foreign exchange rate changes on cash | 1,549 | (1,108) |
| Change in cash and cash equivalents | (42,966) | (63,006) |
| Cash and cash equivalents, beginning of period | 687,821 | 613,148 |
| Cash and cash equivalents, end of period | $644,855 | $550,142 |
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