EX-99.2

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