Primerica, Inc.

PRI · Life Insurance · 31.2M shares · -4%/yr ↓ buyback · EDGAR filings ↗

Net buyback after stock comp: $356M (gross $375M, SBC $19M)

Reference price $280.49 · est. market cap ~$8.7B — last insider sale, 2026-06-12 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

B75

Primerica — high-return term-life and middle-market financial-distribution franchise.

Strengths

Capital-light distribution model; recurring term-life and ISP earnings
Strong cash generation and buybacks

Risks

Agent-recruiting and middle-market-demand sensitivity
Equity-market-linked investment/savings revenue

Notable findings

Exec changeRecent 8-K item 5.02 8-K ↗
Strong balance sheetStrong balance sheet — $756M cash & investments
Buying back stockNet buyback — share count -4%/yr over 4y
Insider sellingInsider selling — 5 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$2M, last 6mo) Form 4 ↗

Quarterly revenue

2025-06-30 · $793M2025-09-30 · $840M2025-12-31 · $854M2026-03-31 · $873M

Last 4 quarters · from SEC filings.

Key metrics

Net margin

22.8%

Return on equity

30.7%

Return on assets

5.0%

Revenue growth (QoQ)

2.2%

Net-income growth

59.7%

Tangible book value

$2.4B

Cash & investments

$756M

Stock comp / revenue

0.7%

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-06-12	Babbit Joel M.	Grant	36	$278.96
2026-06-12	Williams Donald R.	Grant	42	$278.96
2026-06-12	Yastine Barbara A.	Grant	58	$278.96
2026-06-12	DAY CYNTHIA N	Grant	87	$278.96
2026-06-12	Cottle Amber Lynne	Grant	12	$278.96
2026-06-12	Williams Glenn J.	Sell	1.5K	$280.49
2026-05-21	Dheer Sanjeev	Grant	640	$281.06
2026-05-21	Cottle Amber Lynne	Grant	640	$281.06
2026-05-21	Babbit Joel M.	Grant	640	$281.06
2026-05-21	Addison John A. Jr.	Grant	640	$281.06
2026-05-21	DAY CYNTHIA N	Grant	640	$281.06
2026-05-21	Yastine Barbara A.	Grant	640	$281.06
2026-05-21	Wilson Darryl L.	Grant	640	$281.06
2026-05-21	Williams Donald R.	Grant	640	$281.06
2026-05-18	Schneider Peter W.	Sell	1.8K	$279.64
2026-03-13	Williams Donald R.	Grant	44	$249.06
2026-03-13	Perez Beatriz R	Grant	54	$249.06
2026-03-13	DAY CYNTHIA N	Grant	94	$249.06
2026-03-13	CRITTENDEN GARY L	Grant	100	$249.06
2026-03-13	Yastine Barbara A.	Grant	65	$249.06
2026-03-13	Babbit Joel M.	Grant	37	$249.06
2026-03-13	Cottle Amber Lynne	Grant	15	$249.06
2026-03-10	Schneider Peter W.	Sell	1.8K	$252.38
2026-03-06	Williams Donald R.	Gift	8.0K	—
2026-03-02	Jendusa Nicholas Adam	Sell	190	$255.51
2026-03-01	Williams Glenn J.	Tax withheld	684	$253.66
2026-03-01	Williams Glenn J.	Grant	8.8K	$253.66
2026-03-01	Williams Glenn J.	Disposition	3.9K	$253.66
2026-03-01	Schneider Peter W.	Tax withheld	505	$253.66
2026-03-01	Jendusa Nicholas Adam	Option exercise	149	$253.66
2026-03-01	Jendusa Nicholas Adam	Tax withheld	44	$253.66
2026-03-01	Jendusa Nicholas Adam	Option exercise	121	$253.66
2026-03-01	Jendusa Nicholas Adam	Tax withheld	36	$253.66
2026-03-01	Jendusa Nicholas Adam	Option exercise	151	$253.66
2026-03-01	Jendusa Nicholas Adam	Tax withheld	45	$253.66
2026-03-01	TAN TRACY XIANGYAN	Option exercise	406	$253.60
2026-03-01	TAN TRACY XIANGYAN	Tax withheld	121	$253.66
2026-03-01	TAN TRACY XIANGYAN	Option exercise	680	$253.66
2026-03-01	TAN TRACY XIANGYAN	Tax withheld	227	$253.66
2026-03-01	TAN TRACY XIANGYAN	Option exercise	703	$253.66
2026-03-01	TAN TRACY XIANGYAN	Tax withheld	315	$253.66
2026-03-01	Schneider Peter W.	Option exercise	1.6K	$253.66
2026-03-01	Schneider Peter W.	Tax withheld	668	$253.66
2026-03-01	Schneider Peter W.	Option exercise	1.2K	$253.66
2026-03-01	Schneider Peter W.	Option exercise	1.1K	$253.66
2026-03-01	Schneider Peter W.	Tax withheld	472	$253.66
2026-03-01	Schneider Peter W.	Grant	7.0K	$253.66
2026-03-01	Schneider Peter W.	Disposition	3.1K	$253.66
2026-03-01	Williams Glenn J.	Option exercise	2.0K	$253.66
2026-03-01	Williams Glenn J.	Tax withheld	840	$253.66
2026-03-01	Williams Glenn J.	Option exercise	1.5K	$253.66
2026-03-01	Williams Glenn J.	Tax withheld	634	$253.66
2026-03-01	Williams Glenn J.	Option exercise	1.6K	$253.66
2026-02-17	Williams Glenn J.	Sell	2.5K	$256.41
2025-12-15	Yastine Barbara A.	Grant	54	$258.08
2025-12-15	Williams Donald R.	Grant	37	$258.08
2025-12-15	Perez Beatriz R	Grant	45	$258.08
2025-12-15	DAY CYNTHIA N	Grant	78	$258.08
2025-12-15	CRITTENDEN GARY L	Grant	83	$258.08
2025-12-15	Cottle Amber Lynne	Grant	13	$258.08
2025-12-15	Babbit Joel M.	Grant	31	$258.08
2025-12-03	Babbit Joel M.	Sell	700	$255.00
2025-11-26	Williams Glenn J.	Gift	4.0K	—
2025-11-17	Schneider Peter W.	Sell	2.0K	$255.30
2025-11-12	Williams Glenn J.	Sell	2.5K	$259.65
2025-09-15	Williams Donald R.	Grant	34	$274.73
2025-09-15	Yastine Barbara A.	Grant	51	$274.23
2025-09-15	Perez Beatriz R	Grant	43	$274.73
2025-09-15	DAY CYNTHIA N	Grant	74	$274.73
2025-09-15	CRITTENDEN GARY L	Grant	78	$274.23
2025-09-15	Cottle Amber Lynne	Grant	12	$274.23
2025-09-15	Babbit Joel M.	Grant	29	$274.23
2025-08-18	Schneider Peter W.	Sell	2.0K	$261.16
2025-08-12	Williams Glenn J.	Sell	2.5K	$262.20
2025-06-13	Williams Glenn J.	Sell	2.5K	$259.04
2025-06-13	Yastine Barbara A.	Grant	53	$261.16
2025-06-13	Williams Donald R.	Grant	36	$261.16
2025-06-13	Perez Beatriz R	Grant	45	$261.16
2025-06-13	DAY CYNTHIA N	Grant	77	$261.16
2025-06-13	CRITTENDEN GARY L	Grant	82	$261.16
2025-06-13	Cottle Amber Lynne	Grant	12	$261.16
2025-06-13	Babbit Joel M.	Grant	30	$261.16
2025-05-29	Williams Glenn J.	Gift	2.3K	—
2025-05-21	Dheer Sanjeev	Sell	1.3K	$273.01
2025-05-19	Schneider Peter W.	Sell	2.0K	$280.37
2025-05-14	Perez Beatriz R	Grant	552	$271.30
2025-05-14	Yastine Barbara A.	Grant	552	$271.30
2025-05-14	Wilson Darryl L.	Grant	552	$271.30
2025-05-14	Williams Donald R.	Grant	552	$271.30
2025-05-14	Dheer Sanjeev	Grant	552	$271.30
2025-05-14	DAY CYNTHIA N	Grant	552	$271.30
2025-05-14	CRITTENDEN GARY L	Grant	552	$271.30
2025-05-14	Cottle Amber Lynne	Grant	552	$271.30
2025-05-14	Babbit Joel M.	Grant	552	$271.30
2025-05-14	Addison John A. Jr.	Grant	552	$271.30
2025-03-14	Perez Beatriz R	Grant	40	$276.70
2025-03-14	Yastine Barbara A.	Grant	50	$276.70
2025-03-14	Williams Donald R.	Grant	32	$276.70
2025-03-14	DAY CYNTHIA N	Grant	70	$276.70
2025-03-14	CRITTENDEN GARY L	Grant	75	$276.70
2025-03-14	Cottle Amber Lynne	Grant	10	$276.70
2025-03-14	Babbit Joel M.	Grant	26	$276.70
2025-03-05	Schneider Peter W.	Sell	2.0K	$282.90
2025-03-05	Jendusa Nicholas Adam	Sell	234	$280.15
2025-03-01	Jendusa Nicholas Adam	Option exercise	121	$290.00
2025-03-01	Jendusa Nicholas Adam	Option exercise	207	$290.00
2025-03-01	Jendusa Nicholas Adam	Tax withheld	62	$290.00
2025-03-01	Jendusa Nicholas Adam	Option exercise	148	$290.00
2025-03-01	Jendusa Nicholas Adam	Tax withheld	44	$290.00
2025-03-01	Jendusa Nicholas Adam	Option exercise	121	$36.00
2025-03-01	Jendusa Nicholas Adam	Tax withheld	36	$290.00
2025-03-01	TAN TRACY XIANGYAN	Option exercise	406	$290.00
2025-03-01	TAN TRACY XIANGYAN	Tax withheld	121	$290.00
2025-03-01	TAN TRACY XIANGYAN	Option exercise	680	$290.00
2025-03-01	TAN TRACY XIANGYAN	Tax withheld	229	$290.00
2025-03-01	Schneider Peter W.	Option exercise	2.2K	$290.00
2025-03-01	Schneider Peter W.	Tax withheld	950	$290.00
2025-03-01	Schneider Peter W.	Option exercise	1.6K	$290.00
2025-03-01	Schneider Peter W.	Tax withheld	667	$290.00
2025-03-01	Schneider Peter W.	Option exercise	1.2K	$290.00
2025-03-01	Schneider Peter W.	Tax withheld	505	$290.00
2025-03-01	Schneider Peter W.	Grant	7.3K	$290.00
2025-03-01	Schneider Peter W.	Disposition	3.3K	$290.00
2025-03-01	Williams Glenn J.	Option exercise	3.5K	$290.00
2025-03-01	Williams Glenn J.	Tax withheld	1.5K	$290.00
2025-03-01	Williams Glenn J.	Option exercise	2.0K	$290.00
2025-03-01	Williams Glenn J.	Tax withheld	839	$290.00
2025-03-01	Williams Glenn J.	Option exercise	1.5K	$290.00
2025-03-01	Williams Glenn J.	Tax withheld	634	$290.00
2025-03-01	Williams Glenn J.	Grant	12K	$290.00
2025-03-01	Williams Glenn J.	Disposition	5.2K	$290.00
2025-02-18	Williams Glenn J.	Sell	3.0K	$281.74
2025-02-14	Williams Donald R.	Gift	1.8K	—

All non-derivative Form 4 activity (SEC), newest first.

Notable events (8-K)

Date	Items
2026-06-02	Material agreementDebt obligationExhibits	filing ↗
2026-05-27	Shareholder vote	filing ↗
2026-05-06	ResultsReg FDExhibits	filing ↗
2026-02-23	5.03Exhibits	filing ↗
2026-02-11	ResultsReg FDExhibits	filing ↗
2026-01-23	Exec/director change	filing ↗
2025-11-05	ResultsReg FDExhibits	filing ↗
2025-08-06	ResultsReg FDExhibits	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-06-02	2026-06-02	0001193125-26-253592 ↗
8-K	2026-05-27	2026-05-21	0001193125-26-241894 ↗
10-Q	2026-05-07	2026-03-31	0001193125-26-211397 ↗
8-K	2026-05-06	2026-05-06	0001193125-26-209032 ↗
10-K	2026-02-27	2025-12-31	0001193125-26-082233 ↗
8-K	2026-02-23	2026-02-20	0001193125-26-064018 ↗
8-K	2026-02-11	2026-02-11	0001193125-26-046650 ↗
8-K	2026-01-23	2026-01-19	0001193125-26-021183 ↗
10-Q	2025-11-06	2025-09-30	0001193125-25-268668 ↗
8-K	2025-11-05	2025-11-05	0001193125-25-267082 ↗
10-Q	2025-08-07	2025-06-30	0000950170-25-104779 ↗
8-K	2025-08-06	2025-08-06	0000950170-25-104081 ↗