Primerica, Inc. (PRI) Balance Sheet
PRI balance sheet, 2025
December 31, 2025 · U.S. dollars$15.01B assets = $12.57B liabilities + $2.45B equity
Both columns are drawn to the same scale: what PRI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
PRI financial health
Descriptive bands, not a rating. Fiscal 2025.
PRI balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $11.44B2016 | $15.01B2025 | +3.1%/yr | |
| Total liabilities | $10.22B2016 | $12.57B2025 | +2.3%/yr | |
| Shareholders’ equity | $1.22B2016 | $2.45B2025 | +8.0%/yr | |
| Cash & short-term investments | $2.05B2016 | $1.98B2025 | −0.4%/yr | |
| Total debt | $1.82B2016 | $1.82B2025 | −0.0%/yr | |
| Net cash (debt) | $224.8M2016 | $162.8M2025 | −$62.1M | |
| Working capital | $1.98B2016 | $4.15B2025 | +$2.2B | |
| Book value per share | $25.742016 | $74.842025 | +12.6%/yr | |
| Debt / equity | 1.492016 | 0.742025 | −0.75 | |
| Shares outstanding | 47.5M2016 | 32.7M2025 | −4.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PRI assets
PRI liabilities and equity
PRI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
PRI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.98B | $3.64B | $3.33B | $3.05B | $3.18B | $3.01B | $2.61B | $2.34B | $2.25B | $2.05B |
| Cash & equivalents | $756.2M | $687.8M | $594.1M | $489.2M | $392.5M | $547.6M | $256.9M | $262.1M | $280.0M | $212.0M |
| Short-term investments | $1.23B | $2.95B | $2.74B | $2.56B | $2.79B | $2.46B | $2.36B | $2.08B | $1.97B | $1.84B |
| Receivables | $2.92B | $3.05B | $3.32B | $4.57B | $4.76B | $4.59B | $4.40B | $4.14B | $4.21B | $4.44B |
| Inventory | $0 | $0 | −$5.10B | −$5.84B | −$1.32B | −$1.01B | −$709.8M | −$510.2M | −$4.92B | −$5.06B |
| Other current assets | $0 | $0 | $5.10B | $1.20B | $1.40B | $1.02B | $779.3M | $775.4M | $673.2M | $569.7M |
| Total current assets | $4.90B | $6.69B | $6.65B | $2.98B | $8.02B | $7.62B | $7.08B | $6.75B | $2.21B | $2.00B |
| Property, plant & equipment (net) | $81.7M | $87.7M | $92.0M | $40.5M | $115.0M | $104.3M | $93.4M | $36.0M | $28.1M | $27.5M |
| Goodwill & intangible assets | $3.96B | $3.73B | $3.49B | $313.2M | $375.0M | $45.3M | $45.3M | $48.1M | $51.5M | $54.9M |
| Long-term investments | $4.48B | $4.28B | $4.15B | $4.05B | $4.23B | $3.91B | $3.68B | $3.15B | $2.76B | $2.40B |
| Other non-current assets | $1.59B | $0 | $646.7M | $7.96B | $3.38B | $3.22B | $2.79B | $2.62B | $7.41B | $6.96B |
| Total assets | $15.01B | $14.58B | $15.03B | $15.35B | $16.12B | $14.91B | $13.69B | $12.60B | $12.46B | $11.44B |
| Liabilities | ||||||||||
| Accounts payable | $495.4M | $488.4M | $513.8M | $538.2M | $585.4M | $519.7M | $340.0M | $313.9M | $307.4M | $268.1M |
| Short-term debt | $7.7M | $7.2M | $5.7M | $638.9M | $15.0M | $320,000 | $331,000 | $0 | $1.20B | $949.1M |
| Deferred revenue | $15.5M | $15.6M | $14.9M | — | — | $519.4M | $339.6M | — | — | — |
| Total current liabilities | $743.7M | $705.6M | $710.4M | $740.2M | $600.4M | $519.7M | $340.0M | $313.9M | $24.9M | $26.4M |
| Long-term debt | $1.77B | $1.90B | $1.98B | $2.04B | $1.99B | $1.72B | $1.56B | $1.34B | $1.11B | $875.4M |
| Lease obligations | $49.6M | $55.5M | $61.4M | $46.0M | $53.9M | $52.8M | $53.5M | — | — | — |
| Other long-term liabilities | $10.05B | $9.72B | $10.28B | $10.85B | $264.9M | $11.26B | $10.39B | $164.4M | $9.91B | $9.32B |
| Total liabilities | $12.57B | $12.32B | $12.97B | $13.63B | $14.03B | $13.07B | $12.04B | $11.13B | $11.04B | $10.22B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $318,000 | $334,000 | $350,000 | $368,000 | $394,000 | $393,000 | $412,000 | $427,000 | $443,000 | $457,000 |
| Retained earnings (deficit) | $2.42B | $2.23B | $2.28B | $1.97B | $2.00B | $1.71B | $1.59B | $1.49B | $1.38B | $1.14B |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | $29.4M | $27.2M | −$211.3M | −$252.3M | $72.4M | $129.7M | $58.8M | −$28.4M | $43.6M | $29.6M |
| Minority interest | — | — | $0 | $0 | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $2.45B | $2.26B | $2.07B | $1.72B | $2.08B | $1.84B | $1.65B | $1.46B | $1.42B | $1.22B |
| Key figures | ||||||||||
| Total debt | $1.82B | $1.95B | $2.04B | $2.68B | $2.04B | $1.77B | $1.61B | $1.34B | $2.31B | $1.82B |
| Net cash (debt) | $162.8M | $1.68B | $1.29B | $377.0M | $1.14B | $1.24B | $1.00B | $996.6M | −$60.2M | $224.8M |
| Working capital | $4.15B | $5.99B | $5.94B | $2.24B | $7.42B | $7.10B | $6.74B | $6.43B | $2.18B | $1.98B |
| Tangible book value | −$1.52B | −$1.47B | −$1.43B | $1.41B | $1.71B | $1.79B | $1.61B | $1.41B | $1.37B | $1.17B |
| Book value per share | $74.84 | $66.06 | $57.34 | $45.18 | $52.52 | $45.69 | $39.05 | $33.23 | $31.06 | $25.74 |
| Shares outstanding | 32.7M | 34.2M | 36.0M | 38.1M | 39.7M | 40.2M | 42.3M | 44.0M | 45.7M | 47.5M |
| Current ratio | 6.59 | 9.48 | 9.36 | 4.03 | 13.36 | 14.66 | 20.83 | 21.50 | 88.68 | 76.03 |
| Quick ratio | 6.59 | 9.48 | 9.36 | 10.30 | 13.22 | 14.63 | 20.63 | 20.65 | 259.24 | 246.19 |
| Debt / equity | 0.74 | 0.86 | 0.99 | 1.56 | 0.98 | 0.97 | 0.98 | 0.92 | 1.63 | 1.49 |
| Equity / assets | 16.3% | 15.5% | 13.7% | 11.2% | 12.9% | 12.3% | 12.1% | 11.6% | 11.4% | 10.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $605.1M | $1.96B | $1.98B | $1.76B | $1.70B | $1.73B | $3.64B | $1.59B | $1.59B | $1.63B | $1.62B | $3.08B |
| Cash & equivalents | $600.2M | $645.8M | $756.2M | $644.9M | $621.2M | $625.1M | $687.8M | $550.1M | $627.3M | $593.4M | $594.1M | $468.8M |
| Short-term investments | $5.0M | $1.31B | $1.23B | $1.12B | $1.08B | $1.11B | $2.95B | $1.04B | $964.5M | $1.04B | $276,000 | $2.61B |
| Receivables | $291.4M | $2.92B | $2.92B | $3.05B | $3.16B | $3.16B | $3.05B | $3.33B | $3.41B | $3.50B | $3.29B | $3.54B |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$5.00B | −$5.14B | −$5.10B | −$4.83B |
| Other current assets | $2.45B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.41B | $1.42B | $1.81B | $1.28B |
| Total current assets | $3.35B | $4.88B | $4.90B | $4.82B | $4.86B | $4.89B | $6.69B | $4.92B | $1.41B | $1.42B | $1.62B | $3.06B |
| Property, plant & equipment (net) | $39.7M | $40.9M | $81.7M | $43.0M | $44.1M | $45.1M | $88.7M | $48.2M | $50.6M | $52.1M | $53.7M | $55.2M |
| Goodwill & intangible assets | $45.3M | $4.00B | $3.96B | $3.91B | $3.86B | $3.79B | $3.73B | $3.68B | $45.3M | $300.1M | $302.7M | $305.4M |
| Long-term investments | $4.61B | $4.63B | $4.48B | $4.43B | $4.38B | $4.39B | $4.28B | $4.36B | $4.18B | $4.19B | $4.15B | $4.07B |
| Other non-current assets | $6.74B | $1.12B | $1.59B | $1.65B | $1.68B | $1.47B | $0 | $1.81B | $8.88B | $8.95B | $8.90B | $6.94B |
| Total assets | $14.78B | $14.68B | $15.01B | $14.85B | $14.83B | $14.59B | $14.58B | $14.82B | $14.57B | $14.91B | $15.03B | $14.43B |
| Liabilities | ||||||||||||
| Accounts payable | $489.1M | $488.9M | $495.4M | $477.8M | $507.6M | $494.7M | $488.4M | $496.8M | $478.8M | $517.5M | $513.8M | $475.4M |
| Short-term debt | — | — | $7.7M | $0 | $0 | $0 | $7.2M | $0 | — | — | $5.7M | $1.32B |
| Deferred revenue | $16.4M | $17.0M | $15.5M | $16.2M | $16.9M | $17.5M | — | $16.2M | — | — | −$5.7M | −$1.32B |
| Total current liabilities | $489.1M | $657.7M | $743.7M | $650.7M | $673.4M | $725.5M | $697.2M | $618.8M | $704.8M | $791.8M | −$2.27B | $106.0M |
| Long-term debt | $1.67B | $1.73B | $1.77B | $1.84B | $1.85B | $1.88B | $1.90B | $1.92B | $1.95B | $1.97B | $1.98B | $2.01B |
| Lease obligations | $46.9M | $48.4M | $49.6M | $50.9M | $52.3M | $52.9M | $55.5M | $56.9M | $58.8M | $60.5M | $61.4M | $61.8M |
| Other long-term liabilities | $0 | $9.77B | $10.05B | $10.06B | $10.00B | $9.73B | $9.72B | $10.33B | $6.96B | $10.75B | $10.47B | $10.00B |
| Total liabilities | $12.26B | $12.16B | $12.57B | $12.55B | $12.52B | $12.33B | $12.31B | $12.87B | $12.44B | $12.72B | $12.96B | $12.12B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $309,000 | $313,000 | $318,000 | $321,000 | $326,000 | $331,000 | $334,000 | $335,000 | $340,000 | $346,000 | $350,000 | $353,000 |
| Retained earnings (deficit) | $2.47B | $2.44B | $2.42B | $2.32B | $2.27B | $2.25B | $2.23B | $2.13B | $2.12B | $2.29B | $2.28B | $2.22B |
| Accumulated other comprehensive income | $49.2M | $79.4M | $29.4M | −$24.2M | $36.2M | $2.6M | $27.2M | −$185.5M | −$1.4M | −$100.4M | −$211.3M | $96.8M |
| Total shareholders' equity | $2.52B | $2.52B | $2.45B | $2.30B | $2.31B | $2.26B | $2.26B | $1.95B | $2.12B | $2.19B | $2.07B | $2.31B |
| Key figures | ||||||||||||
| Total debt | $642.6M | $1.77B | $1.82B | $1.89B | $1.91B | $1.93B | $1.96B | $1.98B | $2.01B | $2.03B | $2.04B | $3.33B |
| Net cash (debt) | −$37.4M | $183.3M | $162.8M | −$125.1M | −$205.0M | −$201.5M | $1.68B | −$391.6M | −$414.1M | −$396.7M | −$424.5M | −$255.8M |
| Working capital | $2.86B | $4.22B | $4.15B | $4.17B | $4.19B | $4.17B | $5.99B | $4.30B | $708.5M | $629.7M | $3.88B | $2.95B |
| Tangible book value | $2.48B | −$1.48B | −$1.52B | −$1.61B | −$1.55B | −$1.53B | −$1.47B | −$1.74B | $2.08B | $1.89B | $1.76B | $2.01B |
| Book value per share | $80.77 | $79.42 | $76.36 | $70.75 | $70.11 | $67.67 | $66.06 | $57.44 | $61.71 | $62.57 | $58.68 | $64.56 |
| Shares outstanding | 31.2M | 31.7M | 32.0M | 32.5M | 32.9M | 33.3M | 34.2M | 33.9M | 34.4M | 34.9M | 35.2M | 35.8M |
| Current ratio | 6.84 | 7.42 | 6.59 | 7.40 | 7.22 | 6.74 | 9.60 | 7.95 | 2.01 | 1.80 | — | 28.84 |
| Quick ratio | 1.83 | 7.42 | 6.59 | 7.40 | 7.22 | 6.74 | 9.60 | 7.95 | 7.10 | 6.49 | — | 62.41 |
| Debt / equity | 0.25 | 0.70 | 0.74 | 0.82 | 0.83 | 0.86 | 0.87 | 1.02 | 0.95 | 0.93 | 0.99 | 1.44 |
| Equity / assets | 17.1% | 17.2% | 16.3% | 15.5% | 15.6% | 15.5% | 15.5% | 13.1% | 14.6% | 14.7% | 13.7% | 16.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 27, 2026); data from EODHD.
PRI financial position
At the end of fiscal 2025 (December 31, 2025), Primerica had total assets of $15.0 billion (up 3.0% from a year earlier), total liabilities of $12.6 billion and shareholders' equity of $2.4 billion. It held $2.0 billion in cash and short-term investments against $1.8 billion of debt, a net cash position of $162.8 million. Its current ratio was 6.59. In the latest quarter (ended June 30, 2026) total assets were $14.8 billion and equity $2.5 billion.
Related: PRI income statement, PRI cash flow statement, PRI key metrics. See the PRI stock overview for the latest quote and news.
PRI balance sheet FAQ
What are Primerica's total assets?
Primerica reported total assets of $15.0 billion at the end of fiscal 2025 (December 31, 2025), compared with $14.6 billion a year earlier.
How much debt does Primerica have?
Primerica had $1.8 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.74.
How much cash does Primerica have?
Primerica held $2.0 billion in cash and short-term investments at the end of fiscal 2025; with $1.8 billion of debt that is net cash of $162.8 million.
What is Primerica's book value?
Primerica's shareholders' equity (book value) was $2.4 billion at the end of fiscal 2025, or $74.84 per share.
What is Primerica's current ratio?
Primerica had current assets of $4.9 billion and current liabilities of $743.7 million, a current ratio of 6.59 (it can cover its short-term obligations).
How much goodwill does Primerica have?
Primerica carried $4.0 billion of goodwill and intangible assets, 26.4% of total assets, at the end of fiscal 2025.