Primerica, Inc.

Our Corporate Governance Guidelines require that the Corporate Governance Committee conduct an annual review of Board performance and further require that each standing committee conduct an annual evaluation of its own performance. In furtherance of this requirement, the Corporate Governance Committee oversees an annual self-evaluation of Board performance and each standing committee conducts an annual evaluation of its own performance. The Board self-assessment is conducted at a different time during the year than the committee self-assessments, so that the directors have adequate time to reflect on the functioning of the Board as a whole. The evaluation processes, as described below, have resulted in enhancements over time that increase the effectiveness of our Board and committees.

With respect to the Board evaluation, the Corporate Governance Committee prepares a written self-assessment questionnaire that is completed by all members of the Board. The questions are designed to gather suggestions to improve Board effectiveness and solicit feedback on topics such as skills, composition, structure, culture and dynamics. The Corporate Governance Committee discusses the Board self-assessment and the Corporate Governance Committee Chair leads a discussion of the self-assessment among the full Board. Following these discussions, management and the Corporate Governance Committee Chair identify and prioritize any action items and develop a plan to address them. The Corporate Governance Committee monitors progress on action items, which may impact agendas, director education, committee composition, or other governance enhancements.

Biannually, an independent third party is used to facilitate a more in-depth Board self-assessment to support candid feedback and incorporate evolving best practices. In fiscal 2025, the Corporate Governance Committee retained a third party to facilitate a Board self-assessment, consistent with the process it followed during fiscal 2023. The third party, which was a different third party than the one used to facilitate the 2023 Board self-assessment in order to provide a different perspective, collected questionnaires from each director, met with each director individually and solicited feedback on Board function and meetings, composition, succession, leadership, as well as other matters. The third party then compiled the results from the questionnaires and interviews and provided an oral report to the Board of Directors with recommendations for improvements. The Corporate Governance Committee expects to continue using a third-party facilitator to conduct the Board self-assessment on a biannual basis.

To facilitate the committee evaluations, each independent committee prepares a written self-assessment questionnaire that is completed by the members of the committee. The questions are designed to gather suggestions to improve committee effectiveness and solicit additional feedback on topics including but not limited to: (i) committee skills and composition; (ii) committee structure and responsibilities; and (iii) committee culture, dynamics and operations. Our Corporate Secretary compiles the results of each committee self-assessment and shares those results with all directors. The committee chairs lead discussions during their committee meetings of the results of the self-assessments, highlighting areas that require additional attention.