Investor Presentaiton

18 Capital Management Capital Management Financial Leverage Asset Leverage Primerica Life Insurance Company (PLIC) statutory risked-based capital ratio (RBC) to meet financial obligations was approximately 440% at year-end 2021 Consistently returned a significant portion of operating earnings to stockholders. Anticipate repurchasing $305 million of common stock in 2022 Modest debt / total capitalization ratio of 23.2% (1) at year-end 2021 Coverage satisfied from non-insurance cash flows Less dependence on investment income than most life insurers ~2.3x (cash + invested assets) / adjusted equity without unrealized gains at year-end 2021 Conservative, high quality fixed income portfolio in a net gain position, at year- end 2021 Primerica's Ratings Agency Senior Notes Rating Moody's Baa1, stable outlook Standard & Poor's A-, stable outlook A.M. Best Company a-, stable outlook Financial Strength Rating (2) A1, stable outlook AA-, stable outlook A+, stable outlook (1) Debt-to-Capital is that of the parent company only. Capital in the debt ratio includes stockholders' equity, excluding AOCI and the notes payable (2) Primerica Life Insurance Company's insurer financial strength rating PRIMERICA

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