Investor Presentaiton
Not a Traditional Life Insurance Company
Primerica
Traditional
Life Company
Operating Revenue (1)
Fee-Based & Other Revenue
41%
Significant Investment & Savings Products
business with substantial recurring revenue
15%
Insurance Premiums
56%
Stable margin through extensive reinsurance
60%
Investment Income
3%
Minimal earnings dependency
25%
Investment Leverage (2)
2.3x
Less susceptible to market volatility
8.7x
Net Annualized
Operating Return on
24.3%
ROAE above average
12.7%
Average Adjusted Equity (3)
Traditional Life Company references the mean financial metrics of Globe Life, Lincoln Financial, MetLife, Prudential and Unum's metrics are for Financial Services segment only. Peer Adjusted Equity
defined as Common Equity less unrealized gains/losses.
(1) For full year 2021 and excludes investment gains/losses
(2) Calculated as (Cash + Invested Assets) / Adjusted Equity without unrealized gains/losses
16
(3) Full year 2021 adjusted net operating income divided by the quarterly average equity, excluding unrealized gains/losses
PRIMERICAView entire presentation