Strategy to Drive Stockholder Value
10
$760 Million of Capital used to Retire 32% of
Primerica Shares since the IPO through 2014
Driver of Growth in Operating Earnings per Diluted Share: 1, 2
$3.31
$2.90
$2.72
$0.69
$0.34
$0.57
$2.08
Primerica has consistently
returned 95% or more of
operating earnings to
stockholders in each full
year since the IPO
$2.62
$2.38
$2.33
$2.05
$1.72
2010
2011
2012
2013
2014
Diluted Operating EPS
impact of share retirement
Diluted Operating EPS
without share retirement¹
1 The impact of capital deployment to diluted operating EPS is measured assuming all capital deployment transactions had not occurred, no shares or warrants are retired,
the capital deployed remains in the investment portfolio earning a 3.5% yield, and all transactional costs and interest incurred related to the transactions removed.
2 Earnings per Diluted Share for the comparable periods was $3.06 (2010 Pro Forma), $2.08 (2011), $2.71 (2012), $2.83 (2013) and $3.29 (2014)
Driver of Growth in ROAE:
2010
2011
2012
2013
2014
Net Operating Return on Adjusted Stockholders' Equity (ROAE)
10.9%
11.8%
14.3%
14.7%
15.3%
Net Return on Stockholders' Equity for the comparable periods was 12.6% (2010 Pro Forma), 11.0% (2011), 13.1% (2012), 13.3% (2013)
and 14.3% (2014)
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