Exhibit 99.2

 

Supplemental Financial Information

First Quarter 2024

Table of Contents PRIMERICA, INC. Financial Supplement

	Page
Preface, definition of Non-GAAP financial measures	3
Condensed balance sheets and reconciliation of balance sheet non-GAAP to GAAP financial measures	4
Financial results and other statistical data	5
Statements of income	6
Reconciliation of statement of income GAAP to non-GAAP financial measures	7
Segment operating results
Term Life Insurance segment - financial results, key statistics, and financial analysis	8-9
Investment and Savings Products segment - financial results, financial analysis, and key statistics	10-11
Senior Health segment - financial results, financial analysis, and key statistics	12
Corporate & Other Distributed Products segment - financial results	13
Investment portfolio	14-16
Five-year historical key statistics	17

This document may contain forward-looking statements and information. Additional information and factors that could cause actual results to differ materially from any forward-looking statements or information in this document is available in our Form 10-K for the year ended December 31, 2023.

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Preface PRIMERICA, INC. Financial Supplement

First Quarter 2024

This document is a financial supplement to our first quarter 2024 earnings release. It is designed to enable comprehensive analysis of our ongoing business using the same core metrics that our management utilizes in assessing our business and making strategic and operational decisions. Throughout this document we provide financial information that is derived from our U.S. GAAP financial statements and adjusted for three different purposes, as follows:

• Operating adjustments exclude the impact of investment gains/losses, including credit impairmentsand mark-to-market (MTM) investment adjustments. We exclude investment gains/losses, including credit impairments, and MTM investment adjustments in measuring adjusted operating revenues to eliminate period-over-period fluctuations that may obscure comparisons of operating results due to items such as the timing of recognizing gains and losses and other factors prior to an invested asset's maturity or sale that are not directly associated with the Company's insurance operations.

• Adjusted stockholders’ equity refers to the removal of the impact of net unrealized gains and losses on invested assets. We exclude unrealized investment gains and losses in measuring adjusted stockholders' equity as unrealized gains and losses from the Company's invested assets are largely caused by market movements in interest rates and credit spreads that do not necessarily correlate with the cash flows we will ultimately realize when an invested asset matures or is sold. Adjustedstockholders' equity alsoexcludes the difference in future policy benefits calculated using the current discount rate and future policy benefits calculated using the locked-in discount rate at contract issuance recognized in accumulated other comprehensive income. We exclude the impact from the difference in the discount rate in measuring adjusted stockholders' equity as it is caused by market movements in interest rates that are not permanent and may not align with the cash flow we will ultimately incur when policy benefits are settled.

• IPO coinsurance transactions adjustments relate to transactions in the first quarter of 2010, where we coinsured between 80% and 90% of our business that was in-force at year-end 2009 to entities then affiliated with Citigroup Inc. that were executed concurrent with our initial public offering (IPO). We exclude amounts ceded under the IPO coinsurance transactions in measuring adjusted direct premiums and other ceded premiums to present meaningful comparisons of the actual premiums economically maintained by the Company. Amounts ceded under the IPO coinsurance transactions will continue to decline over time as policies terminate within this block of business.

Management utilizes these non-GAAP financial measures in managing the business and believes they present relevant and meaningful analytical metrics for evaluating the ongoing business. Reconciliations of non-GAAP to GAAP financial measures are included in this financial supplement.

Certain items throughout this supplement may not add due to rounding and as such, may not agree to other public reporting of the respective item. Certain items throughout this supplement are noted as ‘na’ to indicate not applicable. Certain variances are noted as ‘nm’ to indicate not meaningful. Certain reclassifications have been made to prior-period amounts to conform to current-period reporting classifications. These reclassifications had no impact on net income or total stockholders’ equity.

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Balance Sheets and Reconciliation of Balance Sheet Non-GAAP to GAAP Financial Measures PRIMERICA, INC. Financial Supplement

(Dollars in thousands)							Mar 31, 2023			Jun 30, 2023			Sep 30, 2023			Dec 31, 2023			Mar 31, 2024			Jun 30, 2024	Sep 30, 2024	Dec 31, 2024
Balance Sheets
Assets:
	Investments and cash excluding securities held to maturity						$	3,246,388		$	3,226,056		$	3,174,938		$	3,432,129		$	3,456,543
	Securities held to maturity							1,460,000			1,433,520			1,417,460			1,386,980			1,376,400
			Total investments and cash					4,706,388			4,659,576			4,592,398			4,819,109			4,832,943
	Reinsurance recoverables							3,217,354			3,084,520			2,954,245			3,015,777			2,920,417
	Deferred policy acquisition costs							3,250,753			3,319,844			3,374,627			3,447,234			3,503,940
	Goodwill							127,707			127,707			127,707			127,707			127,707
	Other assets							1,191,286			1,201,266			1,200,647			1,222,064			1,189,436
	Separate account assets							2,329,968			2,358,823			2,183,435			2,395,842			2,334,911
			Total assets				$	14,823,457		$	14,751,736		$	14,433,059		$	15,027,732		$	14,909,354
Liabilities:
	Future policy benefits						$	6,561,624		$	6,491,564		$	6,045,151		$	6,742,025		$	6,548,050
	Other policy liabilities							996,747			970,198			938,665			963,773			954,350
	Income taxes							201,850			169,487			227,866			135,248			197,714
	Other liabilities							659,734			642,149			636,927			644,792			641,836
	Debt obligations							593,106			593,307			593,508			593,709			593,909
	Surplus note							1,459,565			1,433,101			1,417,056			1,386,592			1,376,028
	Payable under securities lending							74,452			77,643			77,956			99,785			76,648
	Separate account liabilities							2,329,968			2,358,823			2,183,435			2,395,842			2,334,911
			Total liabilities					12,877,046			12,736,272			12,120,564			12,961,765			12,723,446
Stockholders’ equity:
	Common stock ($0.01 par value) (1)							364			358			353			350			346
	Paid-in capital							—			—			—			—			—
	Retained earnings							2,177,428			2,190,223			2,215,378			2,276,947			2,285,937
	Treasury stock							—			—			—			—			—
	Accumulated other comprehensive income (loss), net:
		Net unrealized gains (losses)						(208,157	)		(226,250	)		(269,604	)		(170,008	)		(181,537	)
		Effect of change in discount rate assumptions on the liability for future policy benefits						(11,966	)		55,386			377,637			(39,086	)		92,853
		Cumulative translation adjustment						(11,259	)		(4,253	)		(11,269	)		(2,235	)		(11,691	)
			Total stockholders’ equity					1,946,411			2,015,464			2,312,495			2,065,967			2,185,908
			Total liabilities and stockholders' equity				$	14,823,457		$	14,751,736		$	14,433,059		$	15,027,732		$	14,909,354
Reconciliation of Total Stockholders' Equity to Adjusted Stockholders' Equity
Total stockholders' equity							$	1,946,411		$	2,015,464		$	2,312,495		$	2,065,967		$	2,185,908
	Less: Net unrealized gains (losses)							(208,157	)		(226,250	)		(269,604	)		(170,008	)		(181,537	)
	Less: Effect of change in discount rate assumptions on the liability for future policy benefits							(11,966	)		55,386			377,637			(39,086	)		92,853
			Adjusted stockholders’ equity				$	2,166,533		$	2,186,328		$	2,204,462		$	2,275,062		$	2,274,592
Adjusted Stockholders' Equity Rollforward
Balance, beginning of period							$	2,141,707		$	2,166,533		$	2,186,328		$	2,204,462		$	2,275,062
	Net Income							128,099			144,504			152,063			151,935			137,904
	Shareholder dividends							(23,910	)		(23,598	)		(23,336	)		(22,870	)		(26,256	)
	Retirement of shares and warrants							(96,323	)		(112,606	)		(106,479	)		(72,886	)		(116,570	)
	Net foreign currency translation adjustment							1,020			7,005			(7,016	)		9,035			(9,456	)
	Other, net							15,941			4,490			2,902			5,386			13,909
Balance, end of period							$	2,166,533		$	2,186,328		$	2,204,462		$	2,275,062		$	2,274,592
Deferred Policy Acquisition Costs Rollforward
Balance, beginning of period							$	3,188,502		$	3,250,753		$	3,319,844		$	3,374,627		$	3,447,234
	General expenses deferred							10,777			10,692			10,764			9,910			11,156
	Commission costs deferred							118,386			119,676			119,976			125,335			125,811
	Amortization of deferred policy acquisition costs							(67,923	)		(68,110	)		(69,405	)		(70,378	)		(72,049	)
	Foreign currency impact and other, net							1,011			6,833			(6,551	)		7,739			(8,211	)
Balance, end of period							$	3,250,753		$	3,319,844		$	3,374,627		$	3,447,234		$	3,503,940

(1)Outstanding common shares exclude restricted stock units.

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Financial Results and Other Statistical Data PRIMERICA, INC. Financial Supplement

																							YOY Q1												YOY YTD
(Dollars in thousands, except per-share data)					Q1 2023			Q2 2023			Q3 2023			Q4 2023			Q1 2024			Q2 2024	Q3 2024	Q4 2024	$ Change			% Change			YTD 2023			YTD 2024			$ Change			% Change
Earnings per Share
Basic earnings per share:
	Weighted-average common shares and fully vested equity awards					36,709,525			36,215,232			35,760,090			35,148,919			34,882,824						(1,826,701	)		-5.0	%		36,709,525			34,882,824			(1,826,701	)		-5.0	%
	Net income				$	128,099		$	144,504		$	152,063		$	151,935		$	137,904					$	9,805			7.7	%	$	128,099		$	137,904		$	9,805			7.7	%
	Less income attributable to unvested participating securities					(579	)		(609	)		(643	)		(648	)		(572	)					6			1.1	%		(579	)		(572	)		6			1.1	%
		Net income used in computing basic EPS			$	127,520		$	143,896		$	151,420		$	151,287		$	137,331					$	9,811			7.7	%	$	127,520		$	137,331		$	9,811			7.7	%
		Basic earnings per share			$	3.47		$	3.97		$	4.23		$	4.30		$	3.94					$	0.47			13.5	%	$	3.47		$	3.94		$	0.47			13.5	%
	Adjusted net operating income				$	131,883		$	145,407		$	153,804		$	150,354		$	137,005					$	5,121			3.9	%	$	131,883		$	137,005		$	5,121			3.9	%
	Less operating income attributable to unvested participating securities					(596	)		(612	)		(650	)		(642	)		(569	)					27			4.5	%		(596	)		(569	)		27			4.5	%
		Adjusted net operating income used in computing basic operating EPS			$	131,288		$	144,794		$	153,154		$	149,713		$	136,436					$	5,148			3.9	%	$	131,288		$	136,436		$	5,148			3.9	%
		Basic adjusted operating income per share			$	3.58		$	4.00		$	4.28		$	4.26		$	3.91					$	0.33			9.2	%	$	3.58		$	3.91		$	0.33			9.2	%
Diluted earnings per share:
	Weighted-average common shares and fully vested equity awards					36,709,525			36,215,232			35,760,090			35,148,919			34,882,824						(1,826,701	)		-5.0	%		36,709,525			34,882,824			(1,826,701	)		-5.0	%
	Dilutive impact of contingently issuable shares					94,123			74,712			62,182			59,473			53,938						(40,185	)		-42.7	%		94,123			53,938			(40,185	)		-42.7	%
		Shares used to calculate diluted EPS				36,803,648			36,289,944			35,822,272			35,208,392			34,936,762						(1,866,886	)		-5.1	%		36,803,648			34,936,762			(1,866,886	)		-5.1	%
	Net income				$	128,099		$	144,504		$	152,063		$	151,935		$	137,904					$	9,805			7.7	%	$	128,099		$	137,904		$	9,805			7.7	%
	Less income attributable to unvested participating securities					(577	)		(608	)		(642	)		(647	)		(572	)					6			1.0	%		(577	)		(572	)		6			1.0	%
		Net income used in computing diluted EPS			$	127,521		$	143,897		$	151,421		$	151,288		$	137,332					$	9,811			7.7	%	$	127,521		$	137,332		$	9,811			7.7	%
		Diluted earnings per share			$	3.46		$	3.97		$	4.23		$	4.30		$	3.93					$	0.47			13.6	%	$	3.46		$	3.93		$	0.47			13.6	%
	Adjusted net operating income				$	131,883		$	145,407		$	153,804		$	150,354		$	137,005					$	5,121			3.9	%	$	131,883		$	137,005		$	5,121			3.9	%
	Less operating income attributable to unvested participating securities					(595	)		(611	)		(649	)		(641	)		(568	)					27			4.5	%		(595	)		(568	)		27			4.5	%
		Adjusted net operating income used in computing diluted operating EPS			$	131,289		$	144,795		$	153,155		$	149,714		$	136,437					$	5,148			3.9	%	$	131,289		$	136,437		$	5,148			3.9	%
		Diluted adjusted operating income per share			$	3.57		$	3.99		$	4.28		$	4.25		$	3.91					$	0.34			9.5	%	$	3.57		$	3.91		$	0.34			9.5	%
Annualized Return on Equity
	Average stockholders' equity				$	1,988,832		$	1,980,938		$	2,163,980		$	2,189,231		$	2,125,938					$	137,106			6.9	%	$	1,988,832		$	2,125,938		$	137,106			6.9	%
	Average adjusted stockholders' equity				$	2,154,120		$	2,176,431		$	2,195,395		$	2,239,762		$	2,274,827					$	120,707			5.6	%	$	2,154,120		$	2,274,827		$	120,707			5.6	%
	Net income return on stockholders' equity					25.8	%		29.2	%		28.1	%		27.8	%		25.9	%					0.2	%	nm				25.8	%		25.9	%		0.2	%	nm
	Net income return on adjusted stockholders' equity					23.8	%		26.6	%		27.7	%		27.1	%		24.2	%					0.5	%	nm				23.8	%		24.2	%		0.5	%	nm
	Adjusted net operating income return on adjusted stockholders' equity					24.5	%		26.7	%		28.0	%		26.9	%		24.1	%					-0.4	%	nm				24.5	%		24.1	%		-0.4	%	nm
Capital Structure
	Debt-to-capital (1)					23.4	%		22.7	%		20.4	%		22.3	%		21.4	%					-2.0	%	nm				23.4	%		21.4	%		-2.0	%	nm
	Debt-to-capital, excluding AOCI (1)					21.4	%		21.3	%		21.1	%		20.7	%		20.6	%					-0.8	%	nm				21.4	%		20.6	%		-0.8	%	nm
	Cash and invested assets to stockholders' equity					2.4	x		2.3	x		2.0	x		2.3	x		2.2	x					(0.2	x)	nm				2.4	x		2.2	x		(0.2	x)	nm
	Cash and invested assets to adjusted stockholders' equity					2.2	x		2.1	x		2.1	x		2.1	x		2.1	x					(0.0	x)	nm				2.2	x		2.1	x		(0.0	x)	nm
	Share count, end of period (2)					36,407,876			35,845,525			35,342,474			34,995,613			34,609,005						(1,798,871	)		-4.9	%		36,407,876			34,609,005			(1,798,871	)		-4.9	%
	Adjusted stockholders' equity per share				$	59.51		$	60.99		$	62.37		$	65.01		$	65.72					$	6.22			10.4	%	$	59.51		$	65.72		$	6.22			10.4	%
Financial Strength Ratings - Primerica Life Insurance Co
	Moody's				A1			A1			A1			A1			A1						nm			nm			nm			nm			nm			nm
	S&P				AA-			AA-			AA-			AA-			AA-						nm			nm			nm			nm			nm			nm
	A.M. Best				A+			A+			A+			A+			A+						nm			nm			nm			nm			nm			nm
Holding Company Senior Debt Ratings
	Moody's				Baa1			Baa1			Baa1			Baa1			Baa1						nm			nm			nm			nm			nm			nm
	S&P				A-			A-			A-			A-			A-						nm			nm			nm			nm			nm			nm
	A.M. Best				a-			a-			a-			a-			a-						nm			nm			nm			nm			nm			nm

(1)Debt-to-capital is that of the parent company only. Capital in the debt-to-capital ratio includes stockholders' equity and the note payable.

(2)Share count reflects outstanding common shares, but excludes restricted stock units (RSUs).

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Statements of Income PRIMERICA, INC. Financial Supplement

																									YOY Q1												YOY YTD
(Dollars in thousands)							Q1 2023			Q2 2023			Q3 2023			Q4 2023			Q1 2024			Q2 2024	Q3 2024	Q4 2024	$ Change			% Change			YTD 2023			YTD 2024			$ Change			% Change
Statement of Income
Revenues:
	Direct premiums						$	817,872		$	828,296		$	831,681		$	834,275		$	841,046					$	23,174			2.8	%	$	817,872		$	841,046		$	23,174			2.8	%
	Ceded premiums							(405,347	)		(425,266	)		(411,015	)		(410,182	)		(409,764	)					(4,417	)		-1.1	%		(405,347	)		(409,764	)		(4,417	)		-1.1	%
		Net premiums						412,525			403,030			420,666			424,093			431,283						18,757			4.5	%		412,525			431,283			18,757			4.5	%
	Net investment income							31,065			32,398			34,730			37,644			37,806						6,742			21.7	%		31,065			37,806			6,742			21.7	%
	Commissions and fees:
		Sales-based (1)						72,388			74,958			72,996			76,274			88,746						16,358			22.6	%		72,388			88,746			16,358			22.6	%
		Asset-based (2)						111,904			113,335			119,413			118,303			128,532						16,628			14.9	%		111,904			128,532			16,628			14.9	%
		Account-based (3)						22,790			23,095			23,344			23,960			23,180						389			1.7	%		22,790			23,180			389			1.7	%
		Other commissions and fees						24,464			21,742			23,149			28,300			14,563						(9,901	)		-40.5	%		24,464			14,563			(9,901	)		-40.5	%
	Investment (losses) gains							(4,608	)		(328	)		(1,795	)		835			1,305						5,913			128.3	%		(4,608	)		1,305			5,913			128.3	%
	Other, net							19,508			20,155			18,429			16,929			17,415						(2,093	)		-10.7	%		19,508			17,415			(2,093	)		-10.7	%
	Total revenues							690,036			688,385			710,932			726,338			742,829						52,793			7.7	%		690,036			742,829			52,793			7.7	%
Benefits and expenses:
	Benefits and claims							163,267			148,911			162,062			168,739			166,321						3,054			1.9	%		163,267			166,321			3,054			1.9	%
	Future policy benefits remeasurement (gain)/loss							559			(1,867	)		179			746			55						(504	)		-90.2	%		559			55			(504	)		-90.2	%
	Amortization of DAC							67,923			68,110			69,405			70,378			72,049						4,127			6.1	%		67,923			72,049			4,127			6.1	%
	Insurance commissions							8,138			9,142			7,911			9,030			9,634						1,495			18.4	%		8,138			9,634			1,495			18.4	%
	Insurance expenses							61,125			59,093			57,821			57,420			63,149						2,024			3.3	%		61,125			63,149			2,024			3.3	%
	Sales commissions:
		Sales-based (1)						52,452			53,630			52,343			54,057			62,814						10,362			19.8	%		52,452			62,814			10,362			19.8	%
		Asset-based (2)						54,276			55,085			58,793			58,388			64,208						9,932			18.3	%		54,276			64,208			9,932			18.3	%
		Other sales commissions						4,147			4,907			5,064			4,303			4,117						(30	)		-0.7	%		4,147			4,117			(30	)		-0.7	%
	Interest expense							6,690			6,686			6,632			6,586			6,771						81			1.2	%		6,690			6,771			81			1.2	%
	Contract acquistion costs (4)							14,984			12,602			12,568			15,079			13,533						(1,451	)		-9.7	%		14,984			13,533			(1,451	)		-9.7	%
	Other operating expenses							89,534			83,189			79,354			84,572			100,943						11,409			12.7	%		89,534			100,943			11,409			12.7	%
	Loss on extinguishment of debt							—			—			—			—			—						—		#DIV/0!				—			—			—		#DIV/0!
	Total benefits and expenses							523,095			499,489			512,131			529,297			563,594						40,499			7.7	%		523,095			563,594			40,499			7.7	%
	Income before income taxes							166,942			188,896			198,801			197,041			179,236						12,294			7.4	%		166,942			179,236			12,294			7.4	%
		Income taxes						38,843			44,392			46,738			45,106			41,332						2,489			6.4	%		38,843			41,332			2,489			6.4	%
			Net Income				$	128,099		$	144,504		$	152,063		$	151,935		$	137,904					$	9,805			7.7	%	$	128,099		$	137,904		$	9,805			7.7	%
Income Before Income Taxes by Segment
Term Life							$	130,540		$	140,115		$	141,223		$	140,285		$	138,367					$	7,827			6.0	%	$	130,540		$	138,367		$	7,827			6.0	%
Investment & Savings Products								56,107			59,583			64,374			62,763			65,563						9,455			16.9	%		56,107			65,563			9,455			16.9	%
Senior Health								(3,762	)		(6,033	)		(7,583	)		(2,681	)		(14,153	)					(10,391	)	nm				(3,762	)		(14,153	)		(10,391	)	nm
Corporate & Other Distributed Products								(15,944	)		(4,769	)		787			(3,327	)		(10,542	)					5,402			33.9	%		(15,944	)		(10,542	)		5,402			33.9	%
	Income before income taxes						$	166,942		$	188,896		$	198,801		$	197,041		$	179,236					$	12,294			7.4	%	$	166,942		$	179,236		$	12,294			7.4	%

(1)Sales-based - revenues or commission expenses relating to the sales of mutual funds and variable annuities.

(2)Asset-based - revenues or commission expenses relating to the value of assets in client accounts for which we earn ongoing service, distribution, and other fees.

(3)Account-based - revenues relating to the fee generating client accounts we administer.

(4)Contract acquisition costs (CAC) - Includes direct marketing costs incurred to acquire Senior Health product leads through internal and external sources, including commissions paid to Primerica representatives, as well as ETQ agent compensation, training and licensing costs.

6 of 17

Reconciliation of Statement of Income GAAP to Non-GAAP Financial Measures PRIMERICA, INC. Financial Supplement

																									YOY Q1												YOY YTD
(Dollars in thousands)							Q1 2023			Q2 2023			Q3 2023			Q4 2023			Q1 2024			Q2 2024	Q3 2024	Q4 2024	$ Change			% Change			YTD 2023			YTD 2024			$ Change			% Change
Reconciliation from Term Life Direct Premiums to Term Life Adjusted Direct Premiums
	Term Life direct premiums						$	812,880		$	823,297		$	826,665		$	829,918		$	836,321					$	23,441			2.9	%	$	812,880		$	836,321		$	23,441			2.9	%
	Less: Premiums ceded to IPO Coinsurers							220,240			216,740			212,951			210,310			206,502						(13,738	)		-6.2	%		220,240			206,502			(13,738	)		-6.2	%
	Term Life adjusted direct premiums						$	592,640		$	606,557		$	613,714		$	619,608		$	629,819					$	37,179			6.3	%	$	592,640		$	629,819		$	37,179			6.3	%
Reconciliation from Term Life Ceded Premiums to Term Life Other Ceded Premiums
	Term Life ceded premiums						$	(404,044	)	$	(423,704	)	$	(409,801	)	$	(410,456	)	$	(408,558	)				$	(4,515	)		-1.1	%	$	(404,044	)	$	(408,558	)	$	(4,515	)		-1.1	%
	Less: Premiums ceded to IPO Coinsurers							(220,240	)		(216,740	)		(212,951	)		(210,310	)		(206,502	)					13,738			6.2	%		(220,240	)		(206,502	)		13,738			6.2	%
	Term Life other ceded premiums						$	(183,804	)	$	(206,964	)	$	(196,849	)	$	(200,146	)	$	(202,056	)				$	(18,253	)		-9.9	%	$	(183,804	)	$	(202,056	)	$	(18,253	)		-9.9	%
Reconciliation from Net Investment Income to Adjusted Net Investment Income
	Net Investment Income						$	31,065		$	32,398		$	34,730		$	37,644		$	37,806					$	6,742			21.7	%	$	31,065		$	37,806		$	6,742			21.7	%
	Less: MTM investment adjustments							(327	)		(852	)		(481	)		1,215			(137	)				nm			nm				(327	)		(137	)	nm			nm
	Adjusted net investment income						$	31,392		$	33,250		$	35,212		$	36,429		$	37,943					$	6,551			20.9	%	$	31,392		$	37,943		$	6,551			20.9	%
Reconciliation from C&O Income Before Income Taxes to C&O Adjusted Operating Income Before Income Taxes
	Income before income taxes						$	(15,944	)	$	(4,769	)	$	787		$	(3,327	)	$	(10,542	)				$	5,402			33.9	%	$	(15,944	)	$	(10,542	)	$	5,402			33.9	%
	Less: Investment gains/(losses)							(4,608	)		(328	)		(1,795	)		835			1,305					nm			nm				(4,608	)		1,305		nm			nm
	Less: MTM investment adjustments							(327	)		(852	)		(481	)		1,215			(137	)				nm			nm				(327	)		(137	)	nm			nm
	Adjusted operating income before income taxes						$	(11,008	)	$	(3,589	)	$	3,063		$	(5,377	)	$	(11,710	)				$	(702	)		-6.4	%	$	(11,008	)	$	(11,710	)	$	(702	)		-6.4	%
Reconciliation from Total Revenues to Adjusted Operating Revenues
	Total revenues						$	690,036		$	688,385		$	710,932		$	726,338		$	742,829					$	52,793			7.7	%	$	690,036		$	742,829		$	52,793			7.7	%
	Less: Investment gains/(losses)							(4,608	)		(328	)		(1,795	)		835			1,305					nm			nm				(4,608	)		1,305		nm			nm
	Less: MTM investment adjustments							(327	)		(852	)		(481	)		1,215			(137	)				nm			nm				(327	)		(137	)	nm			nm
	Adjusted operating revenues						$	694,972		$	689,565		$	713,208		$	724,288		$	741,661					$	46,689			6.7	%	$	694,972		$	741,661		$	46,689			6.7	%
Reconciliation from Income Before Income Taxes to Adjusted Operating Income Before Income Taxes
	Income before income taxes						$	166,942		$	188,896		$	198,801		$	197,041		$	179,236					$	12,294			7.4	%	$	166,942		$	179,236		$	12,294			7.4	%
	Less: Investment gains/(losses)							(4,608	)		(328	)		(1,795	)		835			1,305					nm			nm				(4,608	)		1,305		nm			nm
	Less: MTM investment adjustments							(327	)		(852	)		(481	)		1,215			(137	)				nm			nm				(327	)		(137	)	nm			nm
	Adjusted operating income before income taxes						$	171,877		$	190,076		$	201,077		$	194,991		$	178,067					$	6,190			3.6	%	$	171,877		$	178,067		$	6,190			3.6	%
Reconciliation from Net Income to Adjusted Net Operating Income
	Net income						$	128,099		$	144,504		$	152,063		$	151,935		$	137,904					$	9,805			7.7	%	$	128,099		$	137,904		$	9,805			7.7	%
	Less: Investment gains/(losses)							(4,608	)		(328	)		(1,795	)		835			1,305					nm			nm				(4,608	)		1,305		nm			nm
	Less: MTM investment adjustments							(327	)		(852	)		(481	)		1,215			(137	)				nm			nm				(327	)		(137	)	nm			nm
	Less: Tax impact of reconciling items							1,151			277			535			(469	)		(269	)				nm			nm				1,151			(269	)	nm			nm
	Adjusted net operating income						$	131,883		$	145,407		$	153,804		$	150,354		$	137,005					$	5,121			3.9	%	$	131,883		$	137,005		$	5,121			3.9	%

7 of 17

Term Life Insurance - Financial Results and Analysis PRIMERICA, INC. Financial Supplement

																									YOY Q1												YOY YTD
(Dollars in thousands)							Q1 2023			Q2 2023			Q3 2023			Q4 2023			Q1 2024			Q2 2024	Q3 2024	Q4 2024	$ Change			% Change			YTD 2023			YTD 2024			$ Change			% Change
Term Life Insurance Income Before Income Taxes
	Revenues:
	Direct Premiums						$	812,880		$	823,297		$	826,665		$	829,918		$	836,321					$	23,441			2.9	%	$	812,880		$	836,321		$	23,441			2.9	%
	Premiums ceded to IPO coinsurers (1)							(220,240	)		(216,740	)		(212,951	)		(210,310	)		(206,502	)					13,738			6.2	%		(220,240	)		(206,502	)		13,738			6.2	%
	Adjusted direct premiums (2)							592,640			606,557			613,714			619,608			629,819						37,179			6.3	%		592,640			629,819			37,179			6.3	%
	Other ceded premiums (3)							(183,804	)		(206,964	)		(196,849	)		(200,146	)		(202,056	)					(18,253	)		-9.9	%		(183,804	)		(202,056	)		(18,253	)		-9.9	%
	Net premiums							408,836			399,594			416,864			419,462			427,762						18,926			4.6	%		408,836			427,762			18,926			4.6	%
	Other, net							12,233			12,280			11,909			11,865			12,649						417			3.4	%		12,233			12,649			417			3.4	%
	Revenues							421,069			411,873			428,773			431,327			440,412						19,343			4.6	%		421,069			440,412			19,343			4.6	%
	Benefits and expenses:
	Benefits and claims							158,940			143,855			158,508			160,782			163,847						4,906			3.1	%		158,940			163,847			4,906			3.1	%
	Future policy benefits remeasurement (gain)/loss							1,035			(1,312	)		251			(187	)		(319	)					(1,355	)		-130.8	%		1,035			(319	)		(1,355	)		-130.8	%
	Amortization of DAC							66,068			66,004			67,720			69,012			70,491						4,424			6.7	%		66,068			70,491			4,424			6.7	%
	Insurance commissions							4,590			5,496			4,373			5,356			6,047						1,457			31.7	%		4,590			6,047			1,457			31.7	%
	Insurance expenses							59,896			57,717			56,698			56,080			61,979						2,083			3.5	%		59,896			61,979			2,083			3.5	%
	Benefits and expenses							290,529			271,759			287,549			291,042			302,044						11,515			4.0	%		290,529			302,044			11,515			4.0	%
	Income before income taxes						$	130,540		$	140,115		$	141,224		$	140,285		$	138,367					$	7,827			6.0	%	$	130,540		$	138,367		$	7,827			6.0	%
Total Term Life Insurance - Financial Analysis
	Post-IPO direct premiums (4)						$	477,227		$	489,826		$	495,769		$	499,965		$	508,687					$	31,459			6.6	%	$	477,227		$	508,687		$	31,459			6.6	%
	Pre-IPO direct premiums (5)							335,652			333,471			330,896			329,953			327,634						(8,018	)		-2.4	%		335,652			327,634			(8,018	)		-2.4	%
	Total direct premiums						$	812,880		$	823,297		$	826,665		$	829,918		$	836,321					$	23,441			2.9	%	$	812,880		$	836,321		$	23,441			2.9	%
	Premiums ceded to IPO coinsurers						$	220,240		$	216,740		$	212,951		$	210,310		$	206,502					$	(13,738	)		-6.2	%	$	220,240		$	206,502		$	(13,738	)		-6.2	%
	% of Pre-IPO direct premiums							65.6	%		65.0	%		64.4	%		63.7	%		63.0	%				nm			nm				65.6	%		63.0	%	nm			nm
	Benefits and claims, net (6)						$	343,779		$	349,506		$	355,608		$	360,741		$	365,584					$	21,804			6.3	%	$	343,779		$	365,584		$	21,804			6.3	%
	% of adjusted direct premiums							58.0	%		57.6	%		57.9	%		58.2	%		58.0	%				nm			nm				58.0	%		58.0	%	nm			nm
	DAC amortization & insurance commissions						$	70,657		$	71,500		$	72,093		$	74,367		$	76,538					$	5,881			8.3	%	$	70,657		$	76,538		$	5,881			8.3	%
	% of adjusted direct premiums							11.9	%		11.8	%		11.7	%		12.0	%		12.2	%				nm			nm				11.9	%		12.2	%	nm			nm
	Insurance expenses, net (7)						$	47,663		$	45,437		$	44,789		$	44,215		$	49,329					$	1,666			3.5	%	$	47,663		$	49,329		$	1,666			3.5	%
	% of adjusted direct premiums							8.0	%		7.5	%		7.3	%		7.1	%		7.8	%				nm			nm				8.0	%		7.8	%	nm			nm
	Total Term Life income before income taxes						$	130,540		$	140,115		$	141,224		$	140,285		$	138,367					$	7,827			6.0	%	$	130,540		$	138,367		$	7,827			6.0	%
	Term Life operating margin (8)							22.0	%		23.1	%		23.0	%		22.6	%		22.0	%				nm			nm				22.0	%		22.0	%	nm			nm

(1)Premiums ceded to IPO coinsurers - premiums ceded to IPO coinsurers under the IPO coinsurance transactions excluding any reimbursements from the IPO coinsurers on previously existing reinsurance agreements.

(2)Adjusted direct premiums - direct premiums net of premiums ceded to IPO coinsurers.

(3)Other ceded premiums - premiums ceded to non-IPO coinsurers net of any applicable reimbursements from the IPO coinsurers.

(4)Post-IPO direct premiums - direct premiums not subject to the 2010 IPO coinsurance transactions.

(5)Pre-IPO direct premiums - direct premiums subject to the 2010 IPO coinsurance transactions.

(6)Benefits and claims, net - benefits & claims and remeasurement (gain)/loss net of other ceded premiums which are largely YRT.

(7)Insurance expenses, net - insurance expenses net of other, net revenues.

(8)Term Life operating margin - Term Life operating income before income taxes as a percentage of adjusted direct premiums.

8 of 17

Term Life Insurance - Key Statistics PRIMERICA, INC. Financial Supplement

																									YOY Q1												YOY YTD
							Q1 2023			Q2 2023			Q3 2023			Q4 2023			Q1 2024			Q2 2024	Q3 2024	Q4 2024	$ Change			% Change			YTD 2023			YTD 2024			$ Change			% Change
	Key Statistics
	Life-insurance licensed sales force, beginning of period							135,208			136,430			137,806			139,053			141,572						6,364			4.7	%		135,208			141,572			6,364			4.7	%
		New life-licensed representatives						11,118			12,638			12,311			13,029			12,949						1,831			16.5	%		11,118			12,949			1,831			16.5	%
		Non-renewal and terminated representatives						(9,896	)		(11,262	)		(11,064	)		(10,510	)		(11,666	)					(1,770	)		-17.9	%		(9,896	)		(11,666	)		(1,770	)		-17.9	%
	Life-insurance licensed sales force, end of period							136,430			137,806			139,053			141,572			142,855						6,425			4.7	%		136,430			142,855			6,425			4.7	%
	Estimated annualized issued term life premium ($mills) (1):
		Premium from new policies					$	70.7		$	82.0		$	74.0		$	75.6		$	73.1					$	2.4			3.3	%	$	70.7		$	73.1		$	2.4			3.3	%
		Additions and increases in premium						18.2			19.7			18.7			17.7			18.1						(0.1	)		-0.5	%		18.2			18.1			(0.1	)		-0.5	%
				Total estimated annualized issued term life premium			$	88.9		$	101.7		$	92.7		$	93.3		$	91.2					$	2.3			2.5	%	$	88.9		$	91.2		$	2.3			2.5	%
	Issued term life policies							84,561			96,953			88,589			88,757			86,587						2,026			2.4	%		84,561			86,587			2,026			2.4	%
	Estimated average annualized issued term life premium per policy (1)(2)						$	836		$	846		$	836		$	852		$	844					$	8			0.9	%	$	836		$	844		$	8			0.9	%
	Term life face amount in-force, beginning of period ($mills)						$	916,808		$	922,845		$	934,867		$	937,856		$	944,609					$	27,802			3.0	%	$	916,808		$	944,609		$	27,802			3.0	%
		Issued term life face amount (3)						28,124			32,203			29,452			29,322			28,725						601			2.1	%		28,124			28,725			601			2.1	%
		Terminated term life face amount						(22,210	)		(22,583	)		(24,143	)		(25,293	)		(23,323	)					(1,112	)		-5.0	%		(22,210	)		(23,323	)		(1,112	)		-5.0	%
		Foreign currency impact, net						124			2,401			(2,320	)		2,724			(2,911	)					(3,035	)	nm				124			(2,911	)		(3,035	)	nm
	Term life face amount in-force, end of period						$	922,845		$	934,867		$	937,856		$	944,609		$	947,101					$	24,256			2.6	%	$	922,845		$	947,101		$	24,256			2.6	%

(1)Estimated annualized issued term life premium - estimated as average premium per $1,000 of face amounts issued on new policies and additions (before free look returns) multiplied by actual face amount issued on new policies, rider additions and face amount increases.

(2)In whole dollars.

(3)Issued term life face amount - includes face amount on issued term life policies, additional riders added to existing policies, and face increases under increasing benefit riders.

9 of 17

Investment and Savings Products - Financial Results and Financial Analysis PRIMERICA, INC. Financial Supplement

																									YOY Q1												YOY YTD
(Dollars in thousands, except as noted)							Q1 2023			Q2 2023			Q3 2023			Q4 2023			Q1 2024			Q2 2024	Q3 2024	Q4 2024	$ Change			% Change			YTD 2023			YTD 2024			$ Change			% Change
Investment & Savings Products Income Before Income Taxes
	Revenues:
	Commissions and fees:
	Sales-based						$	72,388		$	74,958		$	72,996		$	76,274		$	88,746					$	16,358			22.6	%	$	72,388		$	88,746		$	16,358			22.6	%
	Asset-based							111,904			113,335			119,413			118,303			128,532						16,628			14.9	%		111,904			128,532			16,628			14.9	%
	Account-based							22,790			23,095			23,344			23,960			23,180						389			1.7	%		22,790			23,180			389			1.7	%
	Other, net							3,120			3,121			3,145			3,119			3,258						138			4.4	%		3,120			3,258			138			4.4	%
	Revenues							210,202			214,509			218,898			221,656			243,716						33,514			15.9	%		210,202			243,716			33,514			15.9	%
	Benefits and expenses:
	Amortization of DAC							1,493			1,409			1,311			1,267			1,201						(292	)		-19.5	%		1,493			1,201			(292	)		-19.5	%
	Insurance commissions							3,308			3,273			3,321			3,246			3,400						92			2.8	%		3,308			3,400			92			2.8	%
	Sales commissions:
	Sales-based							52,452			53,630			52,343			54,057			62,814						10,362			19.8	%		52,452			62,814			10,362			19.8	%
	Asset-based							54,276			55,085			58,793			58,388			64,208						9,932			18.3	%		54,276			64,208			9,932			18.3	%
	Other operating expenses							42,567			41,529			38,757			41,935			46,531						3,964			9.3	%		42,567			46,531			3,964			9.3	%
	Benefits and expenses							154,095			154,926			154,524			158,893			178,153						24,058			15.6	%		154,095			178,153			24,058			15.6	%
	Income before income taxes						$	56,107		$	59,583		$	64,374		$	62,763		$	65,563					$	9,455			16.9	%	$	56,107		$	65,563		$	9,455			16.9	%
Financial Analysis
	Fees paid based on client asset values (1)						$	8,034		$	8,142		$	8,608		$	8,102		$	9,342					$	1,308			16.3	%	$	8,034		$	9,342		$	1,308			16.3	%
	Fees paid based on fee-generating positions (2)							11,528			10,216			9,469			10,270			11,426						(102	)		-0.9	%		11,528			11,426			(102	)		-0.9	%
	Other operating expenses							23,005			23,171			20,680			23,563			25,763						2,758			12.0	%		23,005			25,763			2,758			12.0	%
	Total other operating expenses						$	42,567		$	41,529		$	38,757		$	41,935		$	46,531					$	3,964			9.3	%	$	42,567		$	46,531		$	3,964			9.3	%
	Sales-based net revenue as % of revenue-generating sales (3)
	U.S.							1.21	%		1.21	%		1.22	%		1.27	%		1.25	%				nm			nm				1.21	%		1.25	%	nm			nm
	Canada							0.33	%		0.37	%		0.41	%		0.45	%		0.48	%				nm			nm				0.33	%		0.48	%	nm			nm
	Total							1.13	%		1.16	%		1.17	%		1.22	%		1.19	%				nm			nm				1.13	%		1.19	%	nm			nm
	Asset-based net revenue as % of average asset values (4)
	U.S.							0.042	%		0.041	%		0.042	%		0.042	%		0.041	%				nm			nm				0.042	%		0.041	%	nm			nm
	Canada							0.102	%		0.104	%		0.105	%		0.105	%		0.104	%				nm			nm				0.102	%		0.104	%	nm			nm
	Total							0.052	%		0.051	%		0.052	%		0.052	%		0.051	%				nm			nm				0.052	%		0.051	%	nm			nm
	Account-based net revenue per average fee generating position (5)(6)						$	3.58		$	4.07		$	4.36		$	4.29		$	3.67					nm			nm			$	3.58		$	3.67		nm			nm

(1)Fees paid based on client asset values - administration fees on Canadian Segregated Funds and advisory fees on Managed Accounts that vary directly with client asset values.

(2)Fees paid based on fee-generating positions - recordkeeping fees that vary with the number of fee-generating positions.

(3)Sales-based net revenue - commission and fee revenue less commissions paid to the sales force based on product sales activity.

(4)Asset-based net revenue - commission and fee revenue less administration and advisory fees paid to third-party providers and commissions paid to the sales force earned based on product account values including amortization of deferred acquisition costs for segregated funds.

(5)Account-based net revenue - fee revenue less recordkeeping fees paid to third-party providers based on fee-generating positions and certain direct general expenses.

(6)In whole dollars.

10 of 17

Investment and Savings Products - Key Statistics PRIMERICA, INC. Financial Supplement

																									YOY Q1												YOY YTD
							Q1 2023			Q2 2023			Q3 2023			Q4 2023			Q1 2024			Q2 2024	Q3 2024	Q4 2024	$ Change			% Change			YTD 2023			YTD 2024			$ Change			% Change
Key Statistics
	Product sales ($mills)
		U.S. Retail Mutual Funds					$	971.7		$	998.5		$	956.9		$	970.9		$	1,162.2					$	190.5			19.6	%	$	971.7		$	1,162.2		$	190.5			19.6	%
		Canada Retail Mutual Funds						149.8			106.2			110.1			112.0			179.6						29.9			19.9	%		149.8			179.6			29.9			19.9	%
		Indexed Annuities						80.7			89.3			72.7			68.9			81.0						0.3			0.4	%		80.7			81.0			0.3			0.4	%
		Variable Annuities and other						556.4			649.1			628.8			671.9			756.0						199.6			35.9	%		556.4			756.0			199.6			35.9	%
				Total sales-based revenue generating product sales				1,758.6			1,843.1			1,768.5			1,823.7			2,178.8						420.2			23.9	%		1,758.6			2,178.8			420.2			23.9	%
		Managed Accounts						306.1			317.0			236.0			353.2			370.9						64.7			21.1	%		306.1			370.9			64.7			21.1	%
		Canada Retail Mutual Funds - no upfront sales comm						183.4			193.6			152.4			161.8			197.7						14.4			7.8	%		183.4			197.7			14.4			7.8	%
		Segregated Funds						51.9			27.9			17.4			17.2			23.0						(28.9	)		-55.7	%		51.9			23.0			(28.9	)		-55.7	%
				Total product sales			$	2,300.0		$	2,381.6		$	2,174.2		$	2,355.9		$	2,770.4					$	470.4			20.5	%	$	2,300.0		$	2,770.4		$	470.4			20.5	%
		Total Canada Retail Mutual Funds					$	333.2		$	299.8		$	262.5		$	273.8		$	377.4					$	44.2			13.3	%	$	333.2		$	377.4		$	44.2			13.3	%
		Segregated Funds						51.9			27.9			17.4			17.2			23.0						(28.9	)		-55.7	%		51.9			23.0			(28.9	)		-55.7	%
			Total Canada product sales					385.0			327.7			279.8			291.0			400.4						15.3			4.0	%		385.0			400.4			15.3			4.0	%
			Total U.S. product sales					1,914.9			2,053.9			1,894.4			2,065.0			2,370.0						455.0			23.8	%		1,914.9			2,370.0			455.0			23.8	%
				Total product sales			$	2,300.0		$	2,381.6		$	2,174.2		$	2,355.9		$	2,770.4					$	470.4			20.5	%	$	2,300.0		$	2,770.4		$	470.4			20.5	%
	Client asset values, beginning of period ($mills)						$	83,949		$	87,621		$	91,646		$	88,441		$	96,735					$	12,786			15.2	%	$	83,949		$	96,735		$	12,786			15.2	%
		Inflows						2,300			2,382			2,174			2,356			2,770						470			20.5	%		2,300			2,770			470			20.5	%
		Outflows (1)						(1,658	)		(1,839	)		(1,982	)		(2,184	)		(2,497	)					(839	)		-50.6	%		(1,658	)		(2,497	)		(839	)		-50.6	%
				Net flows				642			542			192			172			274						(368	)		-57.4	%		642			274			(368	)		-57.4	%
		Foreign currency impact, net						16			315			(303	)		344			(392	)					(407	)	nm				16			(392	)		(407	)	nm
		Change in market value, net and other (2)						3,014			3,168			(3,094	)		7,777			6,724						3,709			123.1	%		3,014			6,724			3,709			123.1	%
	Client asset values, end of period						$	87,621		$	91,646		$	88,441		$	96,735		$	103,340					$	15,719			17.9	%	$	87,621		$	103,340		$	15,719			17.9	%
		Annualized net flows as % of beginning of period asset values						3.1	%		2.5	%		0.8	%		0.8	%		1.1	%					-1.9	%	nm				3.1	%		1.1	%		-1.9	%	nm
	Average client asset values ($mills)
		U.S. Retail Mutual Funds					$	42,096		$	43,225		$	44,748		$	44,622		$	49,013					$	6,917			16.4	%	$	42,096		$	49,013		$	6,917			16.4	%
		Canada Retail Mutual Funds						11,345			11,567			11,817			11,722			12,850						1,505			13.3	%		11,345			12,850			1,505			13.3	%
		Managed Accounts						7,338			7,613			7,850			7,851			8,806						1,468			20.0	%		7,338			8,806			1,468			20.0	%
		Indexed Annuities						2,729			2,760			2,793			2,807			2,824						95			3.5	%		2,729			2,824			95			3.5	%
		Variable Annuities and other						20,744			21,323			21,999			21,762			23,665						2,921			14.1	%		20,744			23,665			2,921			14.1	%
		Segregated Funds						2,329			2,324			2,298			2,232			2,344						15			0.6	%		2,329			2,344			15			0.6	%
				Total			$	86,581		$	88,813		$	91,505		$	90,995		$	99,502					$	12,920			14.9	%	$	86,581		$	99,502		$	12,920			14.9	%
		Canada Retail Mutual Funds					$	11,345		$	11,567		$	11,817		$	11,722		$	12,850					$	1,505			13.3	%	$	11,345		$	12,850		$	1,505			13.3	%
		Segregated Funds						2,329			2,324			2,298			2,232			2,344						15			0.6	%		2,329			2,344			15			0.6	%
			Total Canada average client assets					13,674			13,891			14,115			13,954			15,194						1,520			11.1	%		13,674			15,194			1,520			11.1	%
			Total U.S. average client assets					72,907			74,922			77,391			77,042			84,308						11,401			15.6	%		72,907			84,308			11,401			15.6	%
				Total average client assets			$	86,581		$	88,813		$	91,505		$	90,995		$	99,502					$	12,920			14.9	%	$	86,581		$	99,502		$	12,920			14.9	%
	Average number of fee-generating positions (thous) (3)
		Recordkeeping and custodial						2,316			2,331			2,342			2,351			2,359						43			1.9	%		2,316			2,359			43			1.9	%
		Recordkeeping only						829			834			839			842			847						18			2.2	%		829			847			18			2.2	%
				Total				3,145			3,165			3,181			3,193			3,206						61			1.9	%		3,145			3,206			61			1.9	%

(1)Asset value outflows - include (a) redemptions of assets, (b) sales charges on the inflow sales figures, and (c) the net flow of money market funds sold and redeemed on the company's recordkeeping platform. The redemptions of assets must be estimated for approximately 4% of account values as these figures are not readily available. Actual redemptions as a percentage of account values for similar known account values are used to estimate the unknown redemption values.

(2)Change in market value, net - market value fluctuations net of fees and expenses.

(3)Fee generating positions - mutual fund positions for which we receive recordkeeping fees. An individual client account may include multiple mutual fund positions. We may also receive fees earned for custodial services that we provide to clients with retirement plan accounts that hold positions in these mutual funds.

11 of 17

Senior Health - Financial Results, Financial Analysis Key Statistics PRIMERICA, INC. Financial Supplement

																									YOY Q1												YOY YTD
(Dollars in thousands, except as noted)							Q1 2023			Q2 2023			Q3 2023			Q4 2023			Q1 2024			Q2 2024	Q3 2024	Q4 2024	$ Change			% Change			YTD 2023			YTD 2024			$ Change			% Change
Senior Health Income Before Income Taxes
	Revenues:
	Commissions and fees (1)						$	15,755		$	11,371		$	11,388		$	19,049		$	6,077					$	(9,678	)		-61.4	%	$	15,755		$	6,077		$	(9,678	)		-61.4	%
	Other, net (2)							2,955			3,519			2,048			1,099			803						(2,152	)		-72.8	%		2,955			803			(2,152	)		-72.8	%
	Revenues							18,710			14,889			13,436			20,148			6,880						(11,830	)		-63.2	%		18,710			6,880			(11,830	)		-63.2	%
	Benefits and expenses:
	Contract acquisition costs (3)							14,984			12,602			12,568			15,079			13,533						(1,451	)		-9.7	%		14,984			13,533			(1,451	)		-9.7	%
	Other operating expenses							7,488			8,320			8,451			7,750			7,500						12			0.2	%		7,488			7,500			12			0.2	%
	Operating benefits and expenses							22,471			20,922			21,019			22,829			21,033						(1,439	)		-6.4	%		22,471			21,033			(1,439	)		-6.4	%
	Operating income before income taxes						$	(3,762	)	$	(6,033	)	$	(7,583	)	$	(2,681	)	$	(14,153	)				$	(10,391	)	nm			$	(3,762	)	$	(14,153	)	$	(10,391	)	nm
Senior Health EBITDA
	Operating income before income taxes						$	(3,762	)	$	(6,033	)	$	(7,583	)	$	(2,681	)	$	(14,153	)				$	(10,391	)	nm			$	(3,762	)	$	(14,153	)	$	(10,391	)	nm
	Less: Amortization of intangibles							(2,800	)		(2,800	)		(2,800	)		(2,800	)		(2,800	)					—		nm				(2,800	)		(2,800	)		—		nm
	Less: Depreciation							(200	)		(160	)		(166	)		(173	)		(144	)					56			28.0	%		(200	)		(144	)		56			28.0	%
	EBITDA (4)						$	(762	)	$	(3,073	)	$	(4,617	)	$	292		$	(11,209	)				$	(10,447	)	nm			$	(762	)	$	(11,209	)	$	(10,447	)	nm
Financial Analysis and Key Statistics
	Senior Health submitted policies (5)							19,826			13,885			10,718			18,663			16,068						(3,758	)		-19.0	%		19,826			16,068			(3,758	)		-19.0	%
	Senior Health approved policies (6)							18,413			12,915			9,948			17,181			15,023						(3,390	)		-18.4	%		18,413			15,023			(3,390	)		-18.4	%
	Primerica representatives Senior Health certified (7)							94,623			94,335			93,217			89,082			81,348						(13,275	)		-14.0	%		94,623			81,348			(13,275	)		-14.0	%
	Senior Health submitted policies sourced by Primerica representatives							2,073			1,707			1,549			5,111			2,051						(22	)		-1.1	%		2,073			2,051			(22	)		-1.1	%
	LTV per approved policy (8)						$	856		$	880		$	911		$	1,109		$	926					$	71			8.3	%	$	856		$	926		$	71			8.3	%
	CAC per approved policy (8)						$	814		$	976		$	1,263		$	878		$	901					$	87			10.7	%	$	814		$	901		$	87			10.7	%
	LTV / CAC multiple							1.1	x		0.9	x		0.7	x		1.3	x		1.0	x					0.0	x	nm				1.1	x		1.0	x		0.0	x	nm

(1)Commission revenue recognized based on the estimated Lifetime value (LTV) to be collected over the estimated life of an approved policy for the relevant period based on multiple factors, including but not limited to contracted commission rates, carrier mix, expected policy turnover, historical chargeback activity and applied constraints. Adjustments to revenue outside of LTV for approved policies from prior periods are recognized when our cash collections are different, or are expected to be, from the estimated constrained LTV’s which we refer to as tail revenue.

(2)Primarily reflects marketing development revenues, which are non-commission revenues received from carriers to support marketing efforts and lead acquisition.

(3)Contract acquisition costs (CAC) - Includes direct marketing costs incurred to acquire leads through internal and external sources, including commissions paid to Primerica representatives, as well as ETQ agent compensation, training and licensing costs.

(4)Adjusted EBITDA - Earnings before interest, taxes, depreciation, amortization and certain adjustments for non-cash or non-recurring expenses including purchase accounting adjustments.

(5)Senior Health submitted policies - represents the number of completed applications that, with respect to each such application, the applicant has authorized us to submit to the health insurance carrier. The applicant may need to take additional actions, including providing subsequent information before the application is reviewed by the health insurance carrier.

(6)Senior Health approved policies - represent an estimate of submitted policies approved by health insurance carriers during the indicated period. Not all approved policies will go in force.

(7)A Primerica independent contractor sales representative does not need to be life-insurance licensed in order to obtain a Primerica Senior Health certification.

(8)In whole dollars.

12 of 17

Corporate Other Distributed Products - Financial Results PRIMERICA, INC. Financial Supplement

																									YOY Q1												YOY YTD
(Dollars in thousands)							Q1 2023			Q2 2023			Q3 2023			Q4 2023			Q1 2024			Q2 2024	Q3 2024	Q4 2024	$ Change			% Change			YTD 2023			YTD 2024			$ Change			% Change
Corporate & Other Distributed Products Income Before Income Taxes
Revenues:
	Direct premiums						$	4,993		$	4,999		$	5,016		$	4,358		$	4,725					$	(267	)		-5.4	%	$	4,993		$	4,725		$	(267	)		-5.4	%
	Ceded premiums							(1,304	)		(1,562	)		(1,215	)		273			(1,205	)					98			7.5	%		(1,304	)		(1,205	)		98			7.5	%
	Net premiums							3,689			3,436			3,801			4,631			3,520						(169	)		-4.6	%		3,689			3,520			(169	)		-4.6	%
	Adjusted net investment income							31,392			33,250			35,213			36,429			37,943						6,551			20.9	%		31,392			37,943			6,551			20.9	%
	Commissions and fees:
	Prepaid Legal Services							3,991			4,421			5,311			3,806			3,591						(399	)		-10.0	%		3,991			3,591			(399	)		-10.0	%
	Auto and Homeowners Insurance							1,831			2,349			2,951			2,133			1,777						(54	)		-2.9	%		1,831			1,777			(54	)		-2.9	%
	Mortgage loans							1,211			1,775			1,733			1,530			1,499						288			23.8	%		1,211			1,499			288			23.8	%
	Other sales commissions							1,676			1,826			1,765			1,781			1,618						(58	)		-3.5	%		1,676			1,618			(58	)		-3.5	%
	Other, net							1,200			1,236			1,327			846			704						(497	)		-41.4	%		1,200			704			(497	)		-41.4	%
	Adjusted operating revenues							44,990			48,293			52,102			51,157			50,653						5,663			12.6	%		44,990			50,653			5,663			12.6	%
Benefits and expenses:
	Benefits and claims							4,327			5,057			3,554			7,957			2,475						(1,852	)		-42.8	%		4,327			2,475			(1,852	)		-42.8	%
	Future policy benefits remeasurement (gain)/loss							(477	)		(554	)		(72	)		933			374						851		nm				(477	)		374			851		nm
	Amortization of DAC							362			697			375			99			357						(6	)		-1.5	%		362			357			(6	)		-1.5	%
	Insurance commissions							241			373			217			429			187						(54	)		-22.3	%		241			187			(54	)		-22.3	%
	Insurance expenses							1,229			1,377			1,123			1,341			1,171						(59	)		-4.8	%		1,229			1,171			(59	)		-4.8	%
	Sales commissions							4,147			4,907			5,064			4,303			4,117						(30	)		-0.7	%		4,147			4,117			(30	)		-0.7	%
	Interest expense							6,690			6,686			6,632			6,586			6,771						81			1.2	%		6,690			6,771			81			1.2	%
	Other operating expenses							39,480			33,340			32,146			34,886			46,913						7,433			18.8	%		39,480			46,913			7,433			18.8	%
	Benefits and expenses							55,999			51,882			49,039			56,533			62,363						6,365			11.4	%		55,999			62,363			6,365			11.4	%
	Adjusted operating income before income taxes						$	(11,008	)	$	(3,589	)	$	3,063		$	(5,377	)	$	(11,710	)				$	(702	)		-6.4	%	$	(11,008	)	$	(11,710	)	$	(702	)		-6.4	%

13 of 17

Investment Portfolio - Summary of Holdings PRIMERICA, INC. Financial Supplement

								As of or for the period ended March 31, 2024
																	% of Total						Avg
								Market			Amortized			Unrealized			Market			Amortized			Book			Avg
(Dollars in thousands)								Value			Cost			G/(L)			Value			Cost			Yield			Rating
Investment Portfolio by Asset Class
Cash, Cash Equivalents, and Short Term								$	593,670		$	593,670		$	-			17.4	%		16.3	%
Fixed Income:
	Treasury								20,447			21,072			(625	)		0.6	%		0.6	%		2.83	%	AAA
	Government								245,278			266,550			(21,272	)		7.2	%		7.3	%		3.22	%	AA-
	Tax-Exempt Municipal								33,194			35,970			(2,776	)		1.0	%		1.0	%		2.69	%	AA
	Corporate								1,377,674			1,474,579			(96,905	)		40.5	%		40.6	%		3.98	%	BBB+
	Mortgage Backed								458,639			525,933			(67,294	)		13.5	%		14.5	%		3.40	%	AAA
	Asset Backed								254,131			263,971			(9,840	)		7.5	%		7.3	%		4.79	%	AA-
	Cmbs								111,104			123,895			(12,791	)		3.3	%		3.4	%		3.66	%	AA-
	Private								280,980			299,770			(18,790	)		8.3	%		8.2	%		4.79	%	BBB+
	Redeemable Preferred								3,946			4,248			(302	)		0.1	%		0.1	%		5.37	%	BBB-
						Total Fixed Income			2,785,392			3,015,988			(230,596	)		81.8	%		82.9	%		3.93	%	A
Equities and Other:
	Perpetual Preferred								4,492			4,492			-			0.1	%		0.1	%
	Common Stock								18,708			18,708			(0	)		0.5	%		0.5	%
	Mutual Fund								3,447			3,447			(0	)		0.1	%		0.1	%
						Total Equities			26,647			26,647			(0	)		0.8	%		0.7	%
						Total Invested Assets		$	3,405,709		$	3,636,305		$	(230,596	)		100.0	%		100.0	%
Public Corporate Portfolio by Sector
	Insurance							$	184,135		$	198,930		$	(14,795	)		13.4	%		13.5	%
	Energy								167,863			176,615			(8,751	)		12.2	%		12.0	%
	Consumer Non Cyclical								130,763			143,551			(12,789	)		9.5	%		9.7	%
	Reits								124,964			137,975			(13,011	)		9.1	%		9.4	%
	Consumer Cyclical								113,472			121,879			(8,407	)		8.2	%		8.3	%
	Technology								104,102			109,350			(5,248	)		7.6	%		7.4	%
	Banking								92,124			94,055			(1,930	)		6.7	%		6.4	%
	Electric								78,754			82,797			(4,043	)		5.7	%		5.6	%
	Capital Goods								78,423			83,082			(4,659	)		5.7	%		5.6	%
	Basic Industry								65,221			71,227			(6,006	)		4.7	%		4.8	%
	Finance Companies								59,151			63,139			(3,988	)		4.3	%		4.3	%
	Transportation								54,436			57,980			(3,544	)		4.0	%		3.9	%
	Communications								51,429			54,391			(2,961	)		3.7	%		3.7	%
	Brokerage								42,837			46,883			(4,046	)		3.1	%		3.2	%
	Natural Gas								11,085			11,391			(306	)		0.8	%		0.8	%
	Financial Other								6,447			6,855			(408	)		0.5	%		0.5	%
	Industrial Other								5,876			6,762			(886	)		0.4	%		0.5	%
	Utility Other								4,643			5,390			(746	)		0.3	%		0.4	%
	Owned No Guarantee								1,944			2,325			(381	)		0.1	%		0.2	%
						Total Corporate portfolio		$	1,377,674		$	1,474,579		$	(96,905	)		100.0	%		100.0	%
Fixed-Maturity Securities - Effective Maturity
Effective maturity
		< 1 Yr.						$	315,290		$	317,962		$	(2,671	)		11.3	%		10.5	%		4.05	%
		1-2 Yrs.							276,779			285,411			(8,632	)		9.9	%		9.5	%		4.13	%
		2-5 Yrs.							767,236			805,689			(38,452	)		27.5	%		26.7	%		4.09	%
		5-10 Yrs.							1,082,638			1,224,115			(141,477	)		38.9	%		40.6	%		3.52	%
		> 10 Yrs.							343,448			382,812			(39,364	)		12.3	%		12.7	%		4.63	%
						Total Fixed Income		$	2,785,392		$	3,015,988		$	(230,596	)		100.0	%		100.0	%		3.93	%
Duration
Fixed Income portfolio duration									4.7		years

Note: Investment Portfolio pages in this Financial Supplement exclude the Held to Maturity asset on our balance sheet.

14 of 17

Investment Portfolio - Quality Ratings As of March 31, 2024 PRIMERICA, INC. Financial Supplement

(Dollars in thousands)
Investment Portfolio Quality Ratings (1)
								Amortized Cost			% of Total
Total Fixed Income portfolio:
	Rating
	AAA							$	570,438			18.9	%
	AA								447,746			14.8	%
	A								727,678			24.1	%
	BBB								1,220,606			40.5	%
	Below Investment Grade								49,157			1.6	%
	NA								363			0.0	%
						Total Fixed Income		$	3,015,988			100.0	%
								Amortized Cost			% of Total													Amortized Cost			% of Total
Public Corporate asset class:																Private Placement asset class:
	Rating																Rating
	AAA							$	7,952			0.5	%				AAA							$	-			—
	AA								61,696			4.2	%				AA								9,024			3.0	%
	A								374,334			25.4	%				A								78,854			26.3	%
	BBB								985,555			66.8	%				BBB								210,546			70.2	%
	Below Investment Grade								44,866			3.0	%				Below Investment Grade								1,346			0.4	%
	NA								176			0.0	%				NA								-			—
						Total Corporate		$	1,474,579			100.0	%									Total Private		$	299,770			100.0	%
CMBS asset class:																Mortgage-Backed asset class:
	Rating																Rating
	AAA							$	53,465			43.2	%				AAA							$	384,264			73.1	%
	AA								10,587			8.5	%				AA								141,479			26.9	%
	A								59,843			48.3	%				A								107			0.0	%
	BBB								-			—					BBB								-			—
	Below Investment Grade								-			—					Below Investment Grade								62			0.0	%
	NA								-			—					NA								22			0.0	%
						Total CMBS		$	123,895			100.0	%									Total Mortgage-Backed		$	525,933			100.0	%
Asset-Backed asset class:																Treasury & Government asset classes:
	Rating																Rating
	AAA							$	87,572			33.2	%				AAA							$	36,502			12.7	%
	AA								33,817			12.8	%				AA								163,804			57.0	%
	A								134,875			51.1	%				A								72,750			25.3	%
	BBB								5,795			2.2	%				BBB								13,428			4.7	%
	Below Investment Grade								1,746			0.7	%				Below Investment Grade								1,138			0.4	%
	NA								166			0.1	%				NA								0			0.0	%
						Total Asset-Backed		$	263,971			100.0	%									Total Treasury & Government		$	287,622			100.0	%
NAIC Designations
	1							$	1,456,288			55.4	%
	2								1,119,073			42.6	%
	3								43,257			1.6	%
	4								7,311			0.3	%
	5								1,002			0.0	%
	6								0			0.0	%
						U.S. Insurer Fixed Income (2)			2,626,931			100.0	%
	Other (3)								415,703
	Cash and cash equivalents								593,670
						Total Invested Assets		$	3,636,305

(1)Ratings method for split ratings: If by 2 NRSROs, use lower of the two; if by 3 or more NRSROs, use second lowest.

(2)NAIC ratings for our U.S. insurance companies' fixed income portfolios.

(3)Other consists of assets held by our non-life companies, Canadian insurance company, and unrated equities.

Note: Investment Portfolio pages in this Financial Supplement exclude the Held to Maturity asset on our balance sheet.

15 of 17

Investment Portfolio - Supplemental Data and Trends PRIMERICA, INC. Financial Supplement

																									YOY Q1
(Dollars in thousands)							Q1 2023			Q2 2023			Q3 2023			Q4 2023			Q1 2024			Q2 2024	Q3 2024	Q4 2024	$ Change			% Change
Net Investment Income by Source
	Fixed-maturity securities (available-for-sale)						$	25,806		$	26,357		$	27,380		$	29,218		$	29,936					$	4,130		16.0%
	Fixed-maturity securities (held-to-maturity)							16,435			16,608			16,306			16,126			15,785						(650	)	-4.0%
	Equity Securities							380			380			366			397			390						10		2.6%
	Deposit asset underlying 10% reinsurance treaty							2,377			2,488			2,504			2,415			2,311						(66	)	-2.8%
	Deposit asset - Mark to Market							(327	)		(852	)		(481	)		1,215			(137	)					190		58.1%
	Policy loans and other invested assets							(72	)		352			475			542			461						533		nm
	Cash & cash equivalents							5,128			5,840			6,609			6,024			6,981						1,853		36.1%
					Total investment income			49,727			51,172			53,159			55,937			55,727						6,000		12.1%
	Investment expenses							2,227			2,167			2,122			2,167			2,136						(91	)	-4.1%
	Interest Expense on Surplus Note							16,435			16,608			16,306			16,126			15,785						(650	)	-4.0%
					Net investment income		$	31,065		$	32,397		$	34,731		$	37,644		$	37,806					$	6,741		21.7%
		Fixed income book yield, end of period						3.57	%		3.63	%		3.79	%		3.83	%		3.93	%
		New money yield						5.57	%		5.46	%		6.04	%		6.67	%		5.70	%
																									YOY Q1
							Q1 2023			Q2 2023			Q3 2023			Q4 2023			Q1 2024			Q2 2024	Q3 2024	Q4 2024	% Pt Change
Fixed Income Portfolio Quality Ratings
	Rating
	AAA							20.8	%		20.7	%		19.0	%		18.9	%		18.9	%					-1.9	%
	AA							11.3	%		11.4	%		14.3	%		14.9	%		14.8	%					3.6	%
	A							25.0	%		24.8	%		24.8	%		24.9	%		24.1	%					-0.8	%
	BBB							40.5	%		40.9	%		39.7	%		39.4	%		40.5	%					-0.1	%
	Below Investment Grade							2.2	%		2.0	%		1.9	%		2.0	%		1.6	%					-0.6	%
	NA							0.2	%		0.1	%		0.3	%		0.0	%		0.0	%					-0.2	%
								100.0	%		100.0	%		100.0	%		100.0	%		100.0	%					—
							A			A			A			A			A

							As of March 31, 2024										As of March 31, 2024											As of March 31, 2024
							Market Value			Amortized Cost			Credit Rating				Market Value			Amortized Cost								Market Value			Amortized Cost
Top 25 Exposures															Foreign Exposure (1)										Government Investments (1)
	1	Canada					$	19,014		$	19,935		AAA		Canada		$	95,354		$	102,713				AAA			$	2,077		$	2,104
	2	Province of Ontario Canada						15,555			16,070		A+		United Kingdom			24,614			24,700				AA				—			—
	3	Province of Alberta Canada						14,705			15,803		AA-		Australia			15,981			16,959				A				10,676			12,436
	4	Province of Quebec Canada						14,653			15,245		AA-		Ireland			9,014			8,595				BBB				12,123			12,978
	5	ONEOK Inc						14,080			14,378		BBB		Mexico			6,637			7,684				Below Investment Grade				666			1,138
	6	Realty Income Corp						14,078			15,046		A-		Netherlands (The)			5,477			5,486				NA				—			—
	7	Ontario Teachers' Pension Plan						12,904			14,340		AA+		Bermuda			4,980			5,240					Total		$	25,543		$	28,656
	8	Boeing Co						11,753			11,837		BBB-		Luxembourg			4,974			4,700
	9	Manulife Financial Corp						10,906			11,614		A		France			4,664			4,900
	10	Berkshire Hathaway Inc						10,658			10,659		AA		Japan			4,656			4,700				Non-Government Investments (1)
	11	TC Energy Corp						10,060			11,204		BBB+		Israel			3,534			3,562
	12	Province of Saskatchewan Canada						9,935			10,277		AA		Malta			3,387			3,378				AAA			$	15,300		$	15,218
	13	ConocoPhillips						9,361			10,710		A-		Cayman Islands (The)			3,017			3,071				AA				9,218			9,211
	14	Morgan Stanley						9,033			9,242		BBB+		Brazil			2,277			2,419				A				47,272			48,832
	15	Old Republic International Corp						8,709			8,720		BBB+		Supranational			2,077			2,104				BBB				138,196			145,129
	16	Fairfax Financial Holdings Ltd						8,540			9,748		BBB		Emerging Markets (2)			11,346			12,860				Below Investment Grade				3,998			3,866
	17	Walmart Inc						8,494			8,648		AA		All Other			39,121			39,425				NA				1,585			1,585
	18	Kemper Corp						8,304			9,091		BBB-			Total	$	241,111		$	252,496					Total		$	215,569		$	223,841
	19	Broadcom Inc						8,296			8,672		BBB
	20	Brookfield Corp						8,282			8,475		A-
	21	Bank of America Corp						8,154			8,313		A-
	22	Deutsche Telekom AG						8,070			7,980		BBB+
	23	Province of Newfoundland and Labrador						8,069			8,906		A
	24	Enterprise Products Partners LP						7,956			7,563		A
	25	Intact Financial Corp						7,954			7,886		A-
						Total	$	267,524		$	280,364
						% of total fixed income portfolio		7.9	%		7.7	%

(1)US$ denominated investments in issuers outside of the United States based on country of risk.

(2)Emerging markets is as defined by MSCI, Inc. which include Chile, India, Peru, Poland and South Africa.

Note: Investment Portfolio pages in this Financial Supplement exclude the Held to Maturity asset on our balance sheet.

16 of 17

Five-Year Historical Key Statistics PRIMERICA, INC. Financial Supplement

(Dollars in millions)							2019			2020			2021			2022			2023			Q1 2023			Q2 2023			Q3 2023			Q4 2023			Q1 2024			Q2 2024	Q3 2024	Q4 2024
Recruits								282,207			400,345			349,374			359,735			361,925			93,540			86,124			92,269			89,992			110,710
Life-insurance licensed sales force, beginning of period								130,736			130,522			134,907			129,515			135,208			135,208			136,430			137,806			139,053			141,572
	New life-licensed representatives							44,739			48,106			39,622			45,147			49,096			11,118			12,638			12,311			13,029			12,949
	Non-renewal and terminated representatives							(44,953	)		(43,721	)		(45,014	)		(39,454	)		(42,732	)		(9,896	)		(11,262	)		(11,064	)		(10,510	)		(11,666	)
Life-insurance licensed sales force, end of period								130,522			134,907			129,515			135,208			141,572			136,430			137,806			139,053			141,572			142,855
Issued term life policies								287,809			352,868			323,855			291,918			358,860			84,561			96,953			88,589			88,757			86,587
Issued term life face amount							$	93,994		$	109,436		$	108,521		$	103,822		$	119,102		$	28,124		$	32,203		$	29,452		$	29,322		$	28,725
Term life face amount in force, beginning of period							$	781,041		$	808,262		$	858,818		$	903,404		$	916,808		$	916,808		$	922,845		$	934,867		$	937,856		$	944,609
	Issued term life face amount							93,994			109,436			108,521			103,822			119,102			28,124			32,203			29,452			29,322			28,725
	Terminated term life face amount							(71,519	)		(60,848	)		(64,798	)		(82,894	)		(94,230	)		(22,210	)		(22,583	)		(24,143	)		(25,293	)		(23,323	)
	Foreign currency impact, net							4,746			1,968			862			(7,524	)		2,929			124			2,401			(2,320	)		2,724			(2,911	)
Term life face amount in force, end of period							$	808,262		$	858,818		$	903,404		$	916,808		$	944,609		$	922,845		$	934,867		$	937,856		$	944,609		$	947,101
Estimated annualized issued term life premium
	Premium from new policies						$	244.8		$	303.6		$	297.2		$	271.9		$	302.4		$	70.7		$	82.0		$	74.0		$	75.6		$	73.1
	Additions and increases in premium							60.2			68.9			77.0			76.7			74.3			18.2			19.7			18.7			17.7			18.1
		Total estimated annualized issued term life premium					$	305.0		$	372.5		$	374.2		$	348.5		$	376.6		$	88.9		$	101.7		$	92.7		$	93.3		$	91.2
Investment & Savings product sales							$	7,533.2		$	7,842.5		$	11,703.2		$	10,009.0		$	9,211.7		$	2,300.0		$	2,381.6		$	2,174.2		$	2,355.9		$	2,770.4
Investment & Savings average client asset values							$	65,029		$	69,709		$	89,993		$	87,193		$	89,474		$	86,581		$	88,813		$	91,505		$	90,995		$	99,502
Closed U.S. Mortgage Volume (brokered)							$	31.1		$	442.5		$	1,229.2		$	567.2		$	293.4		$	55.6		$	82.2		$	82.7		$	72.9		$	71.4

17 of 17