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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Earnings Per Share

The calculation of basic and diluted EPS was as follows:

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

 

(In thousands, except per-share amounts)

Basic EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Primerica, Inc.

 

$

107,947

 

 

$

128,162

 

 

$

189,365

 

 

$

226,033

 

 

Income attributable to unvested participating securities

 

 

(477

)

 

 

(525

)

 

 

(811

)

 

 

(945

)

 

Net income used in calculating basic EPS

 

$

107,470

 

 

$

127,637

 

 

$

188,554

 

 

$

225,088

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average vested shares

 

 

38,386

 

 

 

39,531

 

 

 

38,801

 

 

 

39,493

 

 

Basic EPS

 

$

2.80

 

 

$

3.23

 

 

$

4.86

 

 

$

5.70

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Primerica, Inc.

 

$

107,947

 

 

$

128,162

 

 

$

189,365

 

 

$

226,033

 

 

Income attributable to unvested participating securities

 

 

(476

)

 

 

(524

)

 

 

(809

)

 

 

(942

)

 

Net income used in calculating diluted EPS

 

$

107,471

 

 

$

127,638

 

 

$

188,556

 

 

$

225,091

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average vested shares

 

 

38,386

 

 

 

39,531

 

 

 

38,801

 

 

 

39,493

 

 

Dilutive effect of incremental shares to be issued for

   contingently-issuable shares

 

 

115

 

 

 

122

 

 

 

113

 

 

 

123

 

 

Weighted-average shares used in calculating diluted EPS

 

 

38,501

 

 

 

39,653

 

 

 

38,914

 

 

 

39,616

 

 

Diluted EPS

 

$

2.79

 

 

$

3.22

 

 

$

4.85

 

 

$

5.68