Stock Analysis Report

Executive Summary

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



Proven track record 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

Market Performance

7 Day Return




US Insurance


US Market

1 Year Return




US Insurance


US Market

Return vs Industry: PRI underperformed the US Insurance industry which returned 15.1% over the past year.

Return vs Market: PRI exceeded the US Market which returned 6.7% over the past year.

Share holder returns

7 Day0.8%-0.01%1.0%
30 Day-1.4%-1.6%-1.8%
90 Day-2.5%-3.5%-1.8%
1 Year9.9%8.8%17.9%15.1%9.1%6.7%
3 Year127.5%120.9%42.0%31.1%46.1%36.6%
5 Year179.3%164.1%74.5%53.7%66.9%48.6%

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 based on future cash flows and its price relative to the stock market?


Discount to future cash flow value

Intrinsic Value Based on Future Cash Flows

Undervalued: PRI ($121.69) is trading below our estimate of fair value ($155.35)

Significantly Undervalued: PRI is trading below fair value, but not by a significant amount.

Price Based on Earnings

PE vs Industry: PRI is good value based on its PE Ratio (15.1x) compared to the Insurance industry average (15.6x).

PE vs Market: PRI is good value based on its PE Ratio (15.1x) compared to the US market (17.5x).

Price Based on Expected Growth

Low PEG Ratio: PRI is poor value based on its PEG Ratio (2.9x)

Price Based on Value of Assets

PB vs Industry: PRI is overvalued based on its PB Ratio (3.2x) compared to the US Insurance industry average (1.2x).

Next Steps

Future Growth

How is Primerica expected to perform in the next 1 to 3 years based on estimates from 4 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Estimates

Future Annual Growth Analysis

Earnings vs Savings Rate: PRI's forecast earnings growth (5.2% per year) is above the savings rate (2.7%).

Earnings vs Market: PRI's earnings (5.2% per year) are forecast to grow slower than the US market (14.5% per year).

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

Revenue vs Market: PRI's revenue (6.4% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: PRI's revenue (6.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Estimates

Future Return on Equity

High Future ROE: PRI's Return on Equity is forecast to be high in 3 years time (22.7%)

Next Steps

Past Performance

How has Primerica performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Past Earnings Growth Analysis

Earnings Trend: PRI's earnings have grown by 18.7% per year over the past 5 years.

Accelerating Growth: PRI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PRI had negative earnings growth (-10%) over the past year, making it difficult to compare to the Insurance industry average (3.1%).

Return on Equity

High ROE: PRI's Return on Equity (22%) is considered high.

Return on Assets

ROA vs Industry: PRI has a higher Return on Assets than the Insurance industry average last year.

Return on Capital Employed

ROCE Improving: PRI has significantly improved its Return on Capital Employed over the past 3 years.

Next Steps

Financial Health

How is Primerica's financial position? (This company is analysed differently as a bank or financial institution)

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Inventory Level: PRI has a low level of unsold assets or inventory.

Debt Coverage by Assets: PRI's debt is covered by short term assets (assets are 3.163450x debt).

Financial Institutions Analysis

Asset Level: PRI's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if PRI has a sufficient allowance for bad loans.

Low Risk Liabilities: PRI reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if PRI has an acceptable proportion of non-loan assets held.

Low Risk Deposits: PRI has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if PRI has an appropriate level of bad loans.

Next Steps


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


Expected Dividend Yield

Dividend Yield vs Market


Current dividend yield vs market & industry

Dividend Yield and Payments Analysis

Notable Dividend: PRI's dividend (1.12%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: PRI's dividend (1.12%) is low compared to the top 25% of dividend payers in the US market (3.77%).

Stable Dividend: Whilst dividend payments have been stable, PRI has been paying a dividend for less than 10 years.

Growing Dividend: PRI's dividend payments have increased, but the company has only paid a dividend for 9 years.

Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (15.8%), 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 (15.6% payout ratio).

Next Steps


What is the CEO of Primerica's salary, the management and board of directors tenure and is there insider trading?


Average management tenure


Glenn Williams (60yo)





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 ($USD5.15M) is about average for companies of similar size in the US market ($USD6.81M).

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

Management Age and Tenure


Average Tenure


Average Age

Experienced Management: PRI's management team is considered experienced (4.5 years average tenure).

Board Age and Tenure


Average Tenure


Average Age

Experienced Board: PRI's board of directors are considered experienced (5.7 years average tenure).

Insider Trading

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

Recent Insider Transactions

SellUS$38,51315 Mar 19
P. Benson
Lead Director
Lead Director
Max PriceUS$123.44
SellUS$399,14015 Mar 19
John Addison
Unit Chairman
Max PriceUS$122.85
SellUS$614,26515 Mar 19
William Kelly
Unit CEO
Chief Executive Officer of PFS Investments Inc.
Max PriceUS$122.85

Ownership Breakdown

Management Team

  • Ben Rogers (54yo)

    Executive VP & General Counsel

    • Tenure: 0.8yrs
  • Jeffrey Fendler (62yo)

    Executive VP and Chief Compliance & Risk Officer

    • Tenure: 5.7yrs
  • Alison Rand (51yo)

    Executive VP & CFO

    • Tenure: 19.8yrs
    • Compensation: US$2.06m
  • Peter Schneider (63yo)


    • Tenure: 4.5yrs
    • Compensation: US$3.00m
  • Glenn Williams (60yo)

    CEO & Director

    • Tenure: 4.5yrs
    • Compensation: US$5.15m
  • Gregory Pitts (56yo)

    Executive VP & COO

    • Tenure: 9.8yrs
    • Compensation: US$1.97m
  • William Kelly (63yo)

    Chief Executive Officer of PFS Investments Inc.

    • Tenure: 1.8yrs
    • Compensation: US$1.31m
  • Michael Adams (62yo)

    Executive VP & Chief Business Technology Officer

    • Tenure: 9.5yrs
  • Nicole Russell

    Senior Vice President of Investor Relations

    • Tenure: 0.8yrs
  • Bobby Peterman (53yo)

    Executive VP & Chief Marketing Officer

    • Tenure: 1.3yrs

Board Members

  • Gary Crittenden (66yo)

    Independent Director

    • Tenure: 6.3yrs
    • Compensation: US$201.93k
  • John Addison (62yo)


    • Tenure: 4.5yrs
    • Compensation: US$275.59k
  • Cynthia Day (53yo)

    Independent Director

    • Tenure: 5.8yrs
    • Compensation: US$195.59k
  • Barbara Yastine (60yo)

    Independent Director

    • Tenure: 8.8yrs
    • Compensation: US$190.59k
  • P. Benson (72yo)

    Lead Director

    • Tenure: 5.7yrs
    • Compensation: US$225.59k
  • Joel Babbit (65yo)

    Independent Director

    • Tenure: 8.2yrs
    • Compensation: US$185.59k
  • Beatriz Perez (49yo)

    Independent Director

    • Tenure: 5.4yrs
    • Compensation: US$185.59k
  • Rick Williams (63yo)

    Non-Executive Chairman of the Board

    • Tenure: 10yrs
    • Compensation: US$275.59k
  • Glenn Williams (60yo)

    CEO & Director

    • Tenure: 4.5yrs
    • Compensation: US$5.15m
  • C. Chambliss (75yo)

    Independent Director

    • Tenure: 2.3yrs
    • Compensation: US$103.95k

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$5.096b
  • Shares outstanding: 41.88m
  • 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 Analysis2019/10/14 02:18
End of Day Share Price2019/10/11 00:00
Annual Earnings2018/12/31

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.


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