Primerica
Underwrites term life insurance and distributes outside investment products through a nationwide network of independent representatives.
Something off on this page? Send us feedback.
Profile
In-house term life insurance and third-party mutual funds and annuities move through the same distribution engine: a large independent sales force selling mostly to friends, family, and acquaintances in middle-income households across the United States and Canada, with most policy mortality risk reinsured to outside carriers.
Term life insurance is underwritten in-house, while mutual funds and annuities are sourced from outside providers and distributed through the company's own broker-dealer subsidiaries. Both lines still follow the founding idea of steering households toward inexpensive term coverage and separately invested savings instead of costlier cash-value policies.
Both businesses move through a single channel: a large independent sales force, recruited by existing representatives and paid on commission, that sells mainly to friends, family, and personal acquaintances. The target client sits in a middle-income band that wirehouses and traditional broker-dealers rarely serve face-to-face, and operations span the United States and Canada.
Most mortality risk on term policies is ceded through reinsurance, and the business runs under overlapping insurance and securities regulation in both countries, with recurring litigation tied to treating its sales force as independent contractors rather than employees.
Company facts
Categories
Key statistics
Year to date +12.2% · Average volume (30d) 178.4K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 27, 2026 | Truist Financial | Target | $240 | $320 | ||
| Aug 24, 2026 | Morgan Stanley | Reiterate | Equal Weight | $291 | $316 | |
| Jul 10, 2026 | Jefferies | Reiterate | Hold | $239 | $268 | |
| May 21, 2026 | Morgan Stanley | Reiterate | Equal Weight | $292 | $291 | |
| Dec 15, 2025 | Morgan Stanley | Target | $306 | $292 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $6.03 | $6.41 | +6.3% | $881.0M | $865.1M | −1.8% | +1.82% |
| May 6, 2026Q1 FY26 | $5.45 | $5.96 | +9.4% | $855.4M | $872.7M | +2.0% | −1.28% |
| Feb 11, 2026Q4 FY25 | $5.69 | $6.13 | +7.7% | $844.9M | $853.5M | +1.0% | −1.35% |
| Nov 5, 2025Q3 FY25 | $5.52 | $6.33 | +14.7% | $839.7M | $839.8M | 0.0% | −1.94% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $804.8M | $793.3M | $839.8M | $838.3M | $856.8M | $865.1M | |
| Gross profit | $325.7M | $330.2M | $364.9M | $677.0M | $692.9M | $717.7M | |
| Operating income | $221.3M | $234.5M | $271.7M | $247.1M | $249.4M | $258.2M | |
| Net income | $169.1M | $178.3M | $206.8M | $197.0M | $190.1M | $202.3M | |
| Diluted EPS | $5.05 | $5.40 | $6.35 | $6.13 | $5.97 | $6.45 | |
| Gross margin | 40.5% | 41.6% | 43.5% | 80.8% | 80.9% | 83.0% | |
| Operating margin | 27.5% | 29.6% | 32.4% | 29.5% | 29.1% | 29.8% |
Fiscal years (4-quarter sums)FY21 $2.71B · FY22 $2.72B · FY23 $2.80B · FY24 $3.09B · FY25 $3.28B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $605.1M · Total debt $642.6M · Total assets $14.78B · Shareholders' equity $2.52B
Dividends
Raised for 14 straight years — most recently to $1.20 from $1.04 in Feb 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 21, 2026 | Aug 21 | Sep 14 | $1.20 | |
| May 21, 2026 | May 21 | Jun 12 | $1.20 | |
| Feb 23, 2026 | Feb 23 | Mar 13 | $1.20 | raised from $1.04 |
| Nov 21, 2025 | Nov 21 | Dec 15 | $1.04 | |
| Aug 22, 2025 | Aug 22 | Sep 15 | $1.04 | |
| May 22, 2025 | May 22 | Jun 13 | $1.04 | |
| Feb 21, 2025 | Feb 21 | Mar 14 | $1.04 | raised from $0.90 |
| Nov 21, 2024 | Nov 21 | Dec 12 | $0.90 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 31.18M · Float 31.02M · 99.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 2.98M | 9.57% | 13F | Aug 7, 2026 |
| FMR LLC | 2.82M | 9.05% | 13F | Aug 13, 2026 |
| Kayne Anderson Rudnick Investment Management LLC | 2.77M | 8.88% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 1.84M | 5.89% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 1.41M | 4.54% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 17, 2026 | Peter W. Schneider | officer: President | −1,800 | $312.65 |
| Aug 11, 2026 | Amber Lynne Cottle | director | −279 | $313.63 |
| Aug 10, 2026 | Glenn J. Williams | director, officer: Chief Executive Officer | −1,500 | $320.20 |
| Jun 12, 2026 | Glenn J. Williams | director, officer: Chief Executive Officer | −1,500 | $280.49 |
| May 18, 2026 | Peter W. Schneider | officer: President | −1,800 | $279.64 |
Peers
- Globe Life
Direct rival in term and whole life for lower- to middle-income households
- MetLife
Scale rival via group life and legacy retail life/annuity books
- Prudential Financial
Broad-line rival in individual life insurance and retirement income
- LPL Financial
Largest independent broker-dealer, rival channel for retail investors
- Lincoln Financial
Life and annuity rival that also supplies annuities as a partner
- Ameriprise Financial
Advisor-based rival skewed to a wealthier client segment
- Corebridge Financial
Annuity rival that is also a shelf-product supplier
- Aegon (ADR)
Owner of the only comparable multi-level agent-recruiting distributor
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Primerica | $290.39 | +0.07% | $9.06B | 11.7 | 11.2 | 2.7 | +9.0% |
| Globe Life | $172.79 | +0.05% | $13.42B | 11.4 | 10.4 | 2.2 | +8.0% |
| MetLife | $97.91 | +1.46% | $62.10B | 18.5 | 9.2 | 0.8 | +10.0% |
| Prudential Financial | $119.79 | +0.01% | $41.57B | 10.8 | 8.5 | 0.6 | +2.8% |
| LPL Financial | $370.69 | +0.02% | $29.65B | 29.6 | 13.7 | 1.5 | +35.2% |
| Lincoln Financial | $43.25 | −0.07% | $8.29B | 3.7 | 5.3 | 0.4 | +21.2% |
| Ameriprise Financial | $564.76 | +0.97% | $50.28B | 13.5 | 11.4 | 2.5 | +14.6% |
| Corebridge Financial | $32.50 | −0.35% | $14.54B | 19.1 | 6.4 | 1.5 | +482.9% |
| Aegon (ADR) | $9.37 | +1.85% | $13.82B | 12.4 | 10.2 | 0.5 | — |
| Median | 12.9 | 9.7 | 1.2 | +14.6% |