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Distributes term life insurance and financial products through a large network of independent, part-time sales representatives.
Distributes term life insurance and financial products through a large network of independent, part-time sales representatives.
Two engines: premiums on term life insurance, and commissions on mutual funds and annuities it sells for other providers. Self-employed representatives earn commission on their own sales and a share of the sales of people they recruit and train, which is how the network grows.
Moat: narrow (distribution, scale, brand). A large, self-funded independent sales-representative network reaches middle-income households other insurers underserve.
Headquarters: Duluth, Georgia, US · Founded: 1977 · Employees: 2,833
Size Primerica (PRI) is a United States Financials company (Life/Health Insurance) with a market value of $8.94B, the 832nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $290.58 on 6 Nov 2026.
Performance Over six months the shares gained 5.8%, against +12.0% for the median peer and -1.1% for the United States market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 8.2% over the last twelve months (peer median +17.7%); the operating margin is 31.7% (peer median 9.0%).
Valuation It trades at 3.56× book value against a peer median of 2.34× (8th most expensive of 20).
Price implies The share price implies a return on equity of about 24.9%; Primerica delivers 32.9%, so the price asks less than the business earns today.
Credit Primerica has 1 bond outstanding ($600M), rated A- by the agencies and trading like BBB at a weighted spread of 91 bp.
Short interest Short interest is 4.4% of the free float (15 Oct 2026).
Next results Next results expected around 16 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.49B | $3.35B | $3.15B | $2.81B | $2.78B |
| Revenue growth | — | +6% | +12% | +1% | — |
| Net income | $794M | $749M | $467M | $574M | $470M |
| Free cash flow | $863M | $881M | $818M | $673M | $712M |
| Capital expenditure | $49.6M | $26.1M | $29.2M | $33.9M | $25.8M |
| Total debt | $1.72B | $1.82B | $1.95B | $2.04B | $2.08B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Primerica PRI | $8.94B | +6% | +8% | 33% | 3.56× | 24.9% |
| MetLife MET | $62.4B | +27% | +9% | 13% | 2.28× | 16.2% |
| Globe Life GL | $12.1B | +4% | +6% | 21% | 2.08× | 11.7% |
| Prudential Financial PRU | $41.1B | +20% | +4% | 13% | 1.39× | 11.4% |
| Lincoln National LNC | $7.67B | +12% | +12% | 23% | 0.74× | 8.6% |
| Ameriprise Financial AMP | $43.5B | +8% | +9% | 72% | 8.54× | 66.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PRI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.5% | +2.1% | 6th highest of 21 |
| 6-month return | +5.8% | +12.0% | 8th lowest of 21 |
| Return on equity | 32.9% | 11.7% | 2nd highest of 21 |
| Price / book | 3.56× | 2.34× | 8th most expensive of 20 |
| Trailing P/E | 11.7× | 15.6× | 9th cheapest of 20 |
| ROE the price implies | 24.9% | 16.5% | 7th most demanding of 19 |
| ROE delivered | 32.9% | 11.7% | 2nd highest of 20 |
| Bond spread | 91 bp | 107 bp | tightest of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Primerica PRI | United States | $8.94B | +6% | +8% | 33% | 3.56× | 24.9% | 32.9% |
| Voya Financial VOYA | United States | $8.91B | +21% | -3% | 14% | 2.34× | 17.2% | 14.3% |
| Jackson Financial Incorporation JXN | United States | $8.70B | +17% | +34% | 9% | 1.10× | 12.5% | 9.5% |
| Medibank Private MPL.AX | Australia | $9.94B | +14% | +9% | 27% | 5.90× | 23.8% | 26.8% |
| St. James's Place STJ.L | United Kingdom | $7.48B | -3% | +164% | 38% | 3.64× | 43.3% | 38.4% |
| JAPAN POST INSURANCE 7181.T | Japan | $11.2B | +8% | -6% | 4% | 0.38× | 2.9% | 4.2% |
| ICICI Life Insurance ICICILIFE.NS | India | $6.77B | -22% | -8% | 13% | 4.67× | 65.0% | 12.6% |
| Standard Life SDLF.L | United Kingdom | $12.5B | +25% | +135% | -179% | 38.09× | n/a | -179.3% |
| HDFC Life Insurance HDFCLIFE.NS | India | $13.0B | -10% | +19% | 11% | 6.31× | 72.0% | 11.2% |
| T&d 8795.T | Japan | $14.0B | +21% | +6% | 9% | 1.32× | 5.6% | 9.3% |
| Equitable EQH | United States | $14.1B | +24% | +6% | -183% | n/a | n/a | n/a |
| Challenger CGF.AX | Australia | $5.59B | +36% | -25% | 13% | 2.01× | 15.8% | 13.3% |
| Corebridge Financial CRBG | United States | $14.9B | +25% | +10% | 22% | 2.41× | 19.3% | 21.7% |
| E-L Financial ELF.TO | Canada | $4.74B | +10% | +32% | 20% | 0.68× | 6.4% | 20.2% |
| Max Financial Services MFSL.NS | India | $4.68B | -25% | +18% | 3% | 7.71× | 78.7% | 3.3% |
| Reinsurance Group of America RGA | United States | $17.1B | +24% | +20% | 12% | 1.25× | 8.0% | 11.7% |
| Kgi Financial 2883.TW | Taiwan | $17.3B | +60% | +32% | 14% | 1.33× | 7.1% | 14.4% |
| SBI Life Insurance SBILIFE.NS | India | $18.9B | -5% | +18% | 14% | 8.72× | 105.4% | 13.7% |
| NN Group N.V. NN.AS | Netherlands | $22.4B | +4% | +39% | 9% | 1.08× | 6.9% | 9.2% |
| Star Health & Allied Insurance STARHEALTH.NS | India | $3.52B | +9% | +21% | 12% | 3.19× | 47.7% | 11.7% |
| COFCO Capital 002423.SZ | China | $3.15B | -11% | -31% | 6% | 0.85× | 6.2% | 5.6% |
Primerica has 1 bond outstanding with $600M face value. The agencies rate it A-; its bonds trade like BBB. Weighted yield 5.52%, a spread of 91 bp over government bonds.