Stock Analysis Report

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Executive Summary

Primerica, Inc., together with its subsidiaries, provides financial products to middle income households in the United States and Canada. More Details

Snowflake Analysis

Average dividend payer and fair value.

Similar Companies

Share Price & News

How has Primerica's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: PRI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: PRI's weekly volatility (5%) has been stable over the past year.

Market Performance

7 Day Return




US Insurance


US Market

1 Year Return




US Insurance


US Market

Return vs Industry: PRI exceeded the US Insurance industry which returned -5.4% over the past year.

Return vs Market: PRI underperformed the US Market which returned 19.8% over the past year.

Shareholder returns

7 Day4.2%1.5%2.8%
30 Day22.9%14.8%12.3%
90 Day6.0%9.5%6.4%
1 Year1.8%0.5%-3.2%-5.8%23.4%20.7%
3 Year34.5%30.1%9.5%1.5%47.2%37.4%
5 Year170.1%155.5%46.7%28.4%94.1%72.7%

Long-Term Price Volatility Vs. Market

How volatile is Primerica's share price compared to the market and industry in the last 5 years?

Simply Wall St News


Is Primerica undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: PRI ($134.57) is trading below our estimate of fair value ($192.07)

Significantly Below Fair Value: PRI is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: PRI's PE Ratio (14.4x) is in line with the US Insurance industry average.

PE vs Market: PRI is good value based on its PE Ratio (14.4x) compared to the US market (19.7x).

Price to Earnings Growth Ratio

PEG Ratio: PRI is poor value based on its PEG Ratio (1.6x)

Price to Book Ratio

PB vs Industry: PRI is overvalued based on its PB Ratio (3.1x) compared to the US Insurance industry average (1x).

Next Steps

Future Growth

How is Primerica forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PRI's forecast earnings growth (8.9% per year) is above the savings rate (2.2%).

Earnings vs Market: PRI's earnings (8.9% per year) are forecast to grow slower than the US market (22% per year).

High Growth Earnings: PRI's earnings are forecast to grow, but not significantly.

Revenue vs Market: PRI's revenue (7% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: PRI's revenue (7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: PRI's Return on Equity is forecast to be high in 3 years time (23.5%)

Next Steps

Past Performance

How has Primerica performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PRI has high quality earnings.

Growing Profit Margin: PRI's current net profit margins (17.1%) are lower than last year (17.4%).

Past Earnings Growth Analysis

Earnings Trend: PRI's earnings have grown by 15.2% per year over the past 5 years.

Accelerating Growth: PRI's earnings growth over the past year (5.7%) is below its 5-year average (15.2% per year).

Earnings vs Industry: PRI earnings growth over the past year (5.7%) underperformed the Insurance industry 6%.

Return on Equity

High ROE: Whilst PRI's Return on Equity (22.07%) is high, this metric is skewed due to their high level of debt.

Next Steps

Financial Health

How is Primerica's financial position?

Financial Position Analysis

Short Term Liabilities: PRI's short term assets ($5.0B) exceed its short term liabilities ($1.2B).

Long Term Liabilities: PRI's short term assets ($5.0B) do not cover its long term liabilities ($11.4B).

Debt to Equity History and Analysis

Debt Level: PRI's debt to equity ratio (101.1%) is considered high.

Reducing Debt: PRI's debt to equity ratio has increased from 71% to 101.1% over the past 5 years.

Debt Coverage: PRI's debt is well covered by operating cash flow (32.7%).

Interest Coverage: PRI's interest payments on its debt are well covered by EBIT (6.9x coverage).

Balance Sheet

Next Steps


What is Primerica current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: PRI's dividend (1.19%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: PRI's dividend (1.19%) is low compared to the top 25% of dividend payers in the US market (4.05%).

Stability and Growth of Payments

Stable Dividend: PRI's dividends per share have been stable in the past 10 years.

Growing Dividend: PRI's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (17.2%), PRI's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: PRI's dividends in 3 years are forecast to be well covered by earnings (16.1% payout ratio).

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Glenn Williams (61 yo)





Mr. Glenn Jackson Williams has been the Chief Executive Officer of Primerica, Inc. since April 2015 and also serves as its Director. Mr. Williams served as the President of Primerica, Inc. from 2005 to Apr...

CEO Compensation Analysis

Compensation vs Market: Glenn's total compensation ($USD5.28M) is about average for companies of similar size in the US market ($USD6.90M).

Compensation vs Earnings: Glenn's compensation has been consistent with company performance over the past year.

Leadership Team

Glenn Williams
CEO & Director5.58yrsUS$5.28m0.17%
$ 8.8m
Peter Schneider
$ 3.6m
Alison Rand
Executive VP & CFO20.83yrsUS$2.10m0.038%
$ 2.0m
Gregory Pitts
Executive VP & COO10.92yrsUS$2.11m0.035%
$ 1.8m
William Kelly
Co-Head of Business Technology2.92yrsUS$1.88m0.046%
$ 2.4m
Michael Adams
Executive VP & Chief Business Technology Officer10.58yrsno datano data
Lisa Brown
Executive VP & Chief Administrative Officer0.083yrno datano data
Nicole Russell
Senior Vice President of Investor Relations1.92yrsno datano data
Jeffrey Fendler
Executive VP and Chief Compliance & Risk Officer6.75yrsno datano data
Brett Rogers
Executive VP & General Counsel1.5yrsno datano data
Robert Peterman
Executive VP & Chief Marketing Officer2.42yrsno datano data
Michael Miller
Executive VP & Head of Corporate Development and Strategic Planningno datano datano data


Average Tenure


Average Age

Experienced Management: PRI's management team is seasoned and experienced (5.6 years average tenure).

Board Members

Glenn Williams
CEO & Director5.58yrsUS$5.28m0.17%
$ 8.8m
Gary Crittenden
Independent Director7.33yrsUS$255.80k0.043%
$ 2.2m
Sanjeev Dheer
Independent Director1.08yrsUS$112.55k0.0049%
$ 260.7k
John Addison
$ 2.8m
Cynthia Day
Independent Director6.83yrsUS$240.80k0.031%
$ 1.6m
Barbara Yastine
Independent Director9.92yrsUS$235.80k0.036%
$ 1.9m
P. Benson
Lead Independent Director6.75yrsUS$270.80k0.0053%
$ 280.8k
Joel Babbit
Independent Director9.25yrsUS$230.80k0.017%
$ 899.1k
Beatriz Perez
Independent Director6.5yrsUS$230.80k0.017%
$ 907.1k
Donald Williams
Non-Executive Chairman of the Board11.08yrsUS$320.80k0.071%
$ 3.8m
C. Chambliss
$ 922.9k


Average Tenure


Average Age

Experienced Board: PRI's board of directors are considered experienced (6.8 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Primerica, Inc.'s company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Primerica, Inc.
  • Ticker: PRI
  • Exchange: NYSE
  • Founded: 1927
  • Industry: Life and Health Insurance
  • Sector: Insurance
  • Market Cap: US$5.289b
  • Shares outstanding: 39.30m
  • Website: https://www.primerica.com

Number of Employees


  • Primerica, Inc.
  • 1 Primerica Parkway
  • Duluth
  • Georgia
  • 30099
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PRINYSE (New York Stock Exchange)YesVoting Common StockUSUSDApr 2010
PI7DB (Deutsche Boerse AG)YesVoting Common StockDEEURApr 2010


Primerica, Inc., together with its subsidiaries, provides financial products to middle income households in the United States and Canada. The company operates in three segments: Term Life Insurance; Invest...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/27 23:22
End of Day Share Price2020/11/27 00:00
Annual Earnings2019/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.