Primerica, Inc. (PRI) Form 10-Q — Aug 6, 2026

$PRIForm 10-QFiled Aug 6, 2026, 12:44 PM ET0001193125-26-337365Original filing

Primerica's Q2 2026 10-Q shows total revenues of $865.1 million, up 9% year over year, with net income up 13% to $202.3 million and diluted EPS up 19% to $6.45 from $5.40. Growth was driven by the Investment and Savings Products segment, where pre-tax income rose 31% to $104.2 million on client asset values of $140.0 billion and total product sales up 23% to $4.36 billion, led by a 43% jump in managed account sales. The core Term Life Insurance segment was softer: pre-tax income slipped 4% to $148.5 million, new policies issued fell 12% to 78,904, lapse rates stayed above long-term historical levels, and the life-licensed sales force shrank to 148,612 from 151,524 at year-end 2025.

Key figures

Eps: $6.45 diluted (Q2 2026) vs $5.40 in Q2 2025; $12.42 diluted for 1H 2026 vs $10.45
Revenue: $865.1 million (Q2 2026 total revenues); $1.74 billion for 1H 2026
Net Income: $202.3 million in Q2 2026 (+13% YoY); $392.4 million for 1H 2026 (+13% YoY)
Total Debt: $1.67 billion (note payable of $595.7 million plus surplus note of $1.07 billion)
Revenue Yoy: +9% for both Q2 and 1H 2026
Total Assets: $14.78 billion at June 30, 2026
Cash Position: $600.2 million at June 30, 2026
Shares Outstanding: 30777350
Client asset values: $140.0 billion at June 30, 2026 vs $120.2 billion at June 30, 2025
Isp product sales q2: $4.36 billion vs $3.55 billion (+23% YoY)
Effective tax rate q2: 21.7% vs 23.9% in Q2 2025
New policies issued q2: 78,904 vs 89,850 in Q2 2025 (-12%)
Q2 2025 total revenues: $793.3 million
Life licensed sales force: 148,612 at June 30, 2026 vs 151,524 at December 31, 2025
Managed accounts sales q2: $904 million vs $634 million (+43% YoY)
Share repurchases 1h 2026: $270.2 million
Isp segment pretax income q2: $104.2 million vs $79.4 million (+31% YoY)
Term life face amount in force: $967.9 billion at June 30, 2026
Dividends declared per share q2: $1.20 vs $1.04 in Q2 2025
Llc note unrealized holding loss: $36.9 million
Term life segment pretax income q2: $148.5 million vs $155.0 million (-4% YoY)
Afs fixed maturity gross unrealized losses: $166.0 million at June 30, 2026

Price after filing

1 day: +1.0%7 days: -1.7%30 days: -7.1%

Close on the filing date to close N calendar days later (from $318.15). Historical, not a forecast.

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