XML 69 R56.htm IDEA: XBRL DOCUMENT
v3.22.2

Fair Value of Financial Instruments - Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021
--- | --- | ---
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] |  |
Total available-for-sale fixed-maturity securities | $ 2,554,465 | $ 2,702,567
Equity securities | 35,877 | 42,551
Cash and cash equivalents | 400,119 | 392,501
Separate account assets | 2,358,987 | 2,799,992
Separate account liabilities | $ 2,358,987 | 2,799,992
Fair value assumptions, percentage of securities assessed by third-party pricing service | 99.00% |
Fair Value, Recurring Measurements [Member] |  |
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] |  |
Total available-for-sale fixed-maturity securities | $ 2,554,465 | 2,702,567
Equity securities | 35,877 | 42,551
Trading securities | 8,976 | 24,355
Cash and cash equivalents | 400,119 | 392,501
Separate account assets | 2,358,987 | 2,799,992
Assets, fair value disclosure | 5,361,735 | 6,047,209
Separate account liabilities | 2,358,987 | 2,799,992
Liabilities, fair value disclosure | 2,358,987 | 2,799,992
Fair Value, Recurring Measurements [Member] | Level 1 [Member] |  |
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] |  |
Total available-for-sale fixed-maturity securities | 5,049 | 5,898
Equity securities | 33,228 | 37,912
Cash and cash equivalents | 398,823 | 351,508
Assets, fair value disclosure | 437,100 | 395,318
Fair Value, Recurring Measurements [Member] | Level 2 [Member] |  |
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] |  |
Total available-for-sale fixed-maturity securities | 2,549,416 | 2,696,642
Equity securities | 1,015 | 1,070
Trading securities | 8,976 | 24,355
Cash and cash equivalents | 1,296 | 40,993
Separate account assets | 2,358,987 | 2,799,992
Assets, fair value disclosure | 4,923,001 | 5,648,295
Separate account liabilities | 2,358,987 | 2,799,992
Liabilities, fair value disclosure | 2,358,987 | 2,799,992
Fair Value, Recurring Measurements [Member] | Level 3 [Member] |  |
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] |  |
Total available-for-sale fixed-maturity securities |  | 27
Equity securities | 1,634 | 3,569
Assets, fair value disclosure | 1,634 | 3,596
Fair Value, Recurring Measurements [Member] | U.S. Government and Agencies [Member] |  |
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] |  |
Total available-for-sale fixed-maturity securities | 32,252 | 32,400
Fair Value, Recurring Measurements [Member] | U.S. Government and Agencies [Member] | Level 2 [Member] |  |
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] |  |
Total available-for-sale fixed-maturity securities | 32,252 | 32,400
Fair Value, Recurring Measurements [Member] | Foreign Government [Member] |  |
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] |  |
Total available-for-sale fixed-maturity securities | 149,832 | 152,976
Fair Value, Recurring Measurements [Member] | Foreign Government [Member] | Level 2 [Member] |  |
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] |  |
Total available-for-sale fixed-maturity securities | 149,832 | 152,976
Fair Value, Recurring Measurements [Member] | States and Political Subdivisions [Member] |  |
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] |  |
Total available-for-sale fixed-maturity securities | 129,540 | 153,527
Fair Value, Recurring Measurements [Member] | States and Political Subdivisions [Member] | Level 2 [Member] |  |
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] |  |
Total available-for-sale fixed-maturity securities | 129,540 | 153,527
Fair Value, Recurring Measurements [Member] | Corporates [Member] |  |
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] |  |
Total available-for-sale fixed-maturity securities | 1,516,973 | 1,713,684
Fair Value, Recurring Measurements [Member] | Corporates [Member] | Level 1 [Member] |  |
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] |  |
Total available-for-sale fixed-maturity securities | 5,049 | 5,898
Fair Value, Recurring Measurements [Member] | Corporates [Member] | Level 2 [Member] |  |
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] |  |
Total available-for-sale fixed-maturity securities | 1,511,924 | 1,707,786
Fair Value, Recurring Measurements [Member] | Residential Mortgage-backed Securities [Member] |  |
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] |  |
Total available-for-sale fixed-maturity securities | 439,062 | 375,631
Fair Value, Recurring Measurements [Member] | Residential Mortgage-backed Securities [Member] | Level 2 [Member] |  |
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] |  |
Total available-for-sale fixed-maturity securities | 439,062 | 375,604
Fair Value, Recurring Measurements [Member] | Residential Mortgage-backed Securities [Member] | Level 3 [Member] |  |
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] |  |
Total available-for-sale fixed-maturity securities |  | 27
Fair Value, Recurring Measurements [Member] | Commercial Mortgage-backed Securities [Member] |  |
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] |  |
Total available-for-sale fixed-maturity securities | 135,505 | 145,525
Fair Value, Recurring Measurements [Member] | Commercial Mortgage-backed Securities [Member] | Level 2 [Member] |  |
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] |  |
Total available-for-sale fixed-maturity securities | 135,505 | 145,525
Fair Value, Recurring Measurements [Member] | Other Asset-backed Securities [Member] |  |
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] |  |
Total available-for-sale fixed-maturity securities | 151,301 | 128,824
Fair Value, Recurring Measurements [Member] | Other Asset-backed Securities [Member] | Level 2 [Member] |  |
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] |  |
Total available-for-sale fixed-maturity securities | 151,301 | 128,824
Fair Value, Recurring Measurements [Member] | Short-Term Investments |  |
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] |  |
Total available-for-sale fixed-maturity securities | 3,311 | 85,243
Fair Value, Recurring Measurements [Member] | Short-Term Investments | Level 2 [Member] |  |
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] |  |
Total available-for-sale fixed-maturity securities | 3,311 | 85,243
Fair Value, Recurring Measurements [Member] | Fixed-Maturity Securities and Short-term Investments [Member] |  |
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] |  |
Total available-for-sale fixed-maturity securities | 2,557,776 | 2,787,810
Fair Value, Recurring Measurements [Member] | Fixed-Maturity Securities and Short-term Investments [Member] | Level 1 [Member] |  |
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] |  |
Total available-for-sale fixed-maturity securities | 5,049 | 5,898
Fair Value, Recurring Measurements [Member] | Fixed-Maturity Securities and Short-term Investments [Member] | Level 2 [Member] |  |
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] |  |
Total available-for-sale fixed-maturity securities | $ 2,552,727 | 2,781,885
Fair Value, Recurring Measurements [Member] | Fixed-Maturity Securities and Short-term Investments [Member] | Level 3 [Member] |  |
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] |  |
Total available-for-sale fixed-maturity securities |  | $ 27

X
- Definition Fair value assumptions percentage of securities assessed by third party pricing service. + References No definition available. + Details
Name: | pri_FairValueAssumptionsPercentageOfSecuritiesAssessedByThirdPartyPricingService
Namespace Prefix: | pri_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_AssetsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(6)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124258926&loc=SL82898722-210454 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 1 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=124260329&loc=d3e26610-111562 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (aa) -URI https://asc.fasb.org/extlink&oid=126970911&loc=d3e27161-111563 + Details
Name: | us-gaap_AvailableForSaleSecuritiesDebtSecurities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3044-108585 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124098289&loc=d3e6676-107765 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_CashAndCashEquivalentsAtCarryingValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI), classified as current. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(2)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 1 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=124098289&loc=d3e6676-107765 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 1A -URI https://asc.fasb.org/extlink&oid=123594786&loc=SL75136599-209740 + Details
Name: | us-gaap_EquitySecuritiesFvNi
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair value of financial and nonfinancial obligations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_LiabilitiesFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of asset at fair value held for benefit of separate account policyholder. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(11)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 80 -Section 50 -Paragraph 1 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=124508989&loc=d3e19393-158473 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 80 -Section 45 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=6484091&loc=d3e19268-158472 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 80 -Section 55 -Paragraph 17 -URI https://asc.fasb.org/extlink&oid=124505678&loc=SL117422397-158474 + Details
Name: | us-gaap_SeparateAccountAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of liability for variable contract in which all or portion of contract holder's funds is allocated to specific separate account and supported by assets held in separate account. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 80 -Section 50 -Paragraph 2 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124508989&loc=SL117422267-158473 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(18)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 80 -Section 55 -Paragraph 18 -URI https://asc.fasb.org/extlink&oid=124505678&loc=SL117422401-158474 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 80 -Section 45 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=6484091&loc=d3e19268-158472 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 80 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124508989&loc=SL117422267-158473 + Details
Name: | us-gaap_SeparateAccountsLiability
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.4) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 1 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=124098289&loc=d3e6676-107765 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(2)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_TradingSecurities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByAssetClassAxis=us-gaap_USTreasuryAndGovernmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByAssetClassAxis=us-gaap_ForeignGovernmentDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByAssetClassAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByAssetClassAxis=us-gaap_CorporateDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByAssetClassAxis=us-gaap_ResidentialMortgageBackedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByAssetClassAxis=us-gaap_CommercialMortgageBackedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByAssetClassAxis=pri_OtherAssetBackedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByAssetClassAxis=us-gaap_ShortTermInvestmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByAssetClassAxis=pri_FixedMaturitySecuritiesAndShortTermInvestmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |