Investor Presentaiton
14
Business Segments
Term Life Insurance
Term life policies issued by Primerica Life Insurance Company, National
Benefit Life Insurance Company and Primerica Life Insurance Company
of Canada
Adjusted Operating Revenues
2021 Adjusted Operating Revenues: $2.7 billion
5%
Corporate & Other
Distributed Products
Investment & Savings Products
Retail mutual funds (U.S./ Canada), managed accounts (U.S.), annuities
(U.S.), segregated funds (Canada)
Senior Health
Third-party Senior Health insurance products distributed through
e-TeleQuote's licensed health insurance agents
Corporate & Other Distributed Products
Corporate income and expenses not allocated to other segments
including New York non-term life insurance business from several
discontinued lines and net investment income
Other distributed products
Mortgage Business
•
Prepaid Legal Services
•
Auto & Homeowners Insurance
Home Automation
Term Life
Insurance
58%
Investment &
Savings
35%
Products
Senior Health (2) 2%
Primerica's Adjusted Operating Results (1)
($ in millions)
2021
2020 Change%
Adjusted Operating Revenues
$2,706
$2,225
22%
Total Adjusted Operating
Income before Income Taxes
Adjusted Net Operating Income
$606
$514
18%
$462
$392
18%
Adjusted Stockholders' Equity
Adjusted Operating ROAE
$2,019
$1,708
18%
24.3%
24.7%
PRIMERICA
(1) Operating adjustments remove the impact of investment gains/losses and fair value mark-to-market adjustments. In addition, 2021 operating adjustments remove a loss on the extinguishment of
debt, transaction-related expenses for the purchase of e-TeleQuote, share-based compensation for shares exchanged in the business combination, and goodwill impairment charges.
(2) e-TeleQuote acquisition closed on July 1, 2021View entire presentation