EX-99.2

     Balance Sheets and Reconciliation of Balance Sheet Non-GAAP to GAAP Financial Measures

     PRIMERICA, INC.
Financial Supplement


(Dollars in thousands)				Mar 31, 2025			Jun 30, 2025			Sep 30, 2025			Dec 31, 2025			Mar 31, 2026			Jun 30, 2026	Sep 30, 2026	Dec 31, 2026
Balance Sheets
Assets:
	Investments and cash excluding securities held to maturity			$	3,784,534		$	3,798,697		$	3,885,589		$	4,116,941		$	4,206,352
	Securities held to maturity				1,285,340			1,258,800			1,241,540			1,175,380			1,130,730
			Total investments and cash		5,069,874			5,057,497			5,127,129			5,292,321			5,337,082
	Reinsurance recoverables				2,722,544			2,698,144			2,596,597			2,564,952			2,480,051
	Deferred policy acquisition costs				3,742,693			3,817,119			3,863,442			3,915,998			3,954,334
	Other assets				935,802			938,583			946,717			957,544			783,400
	Separate account assets				2,118,098			2,318,492			2,313,874			2,281,520			2,122,558
			Total assets	$	14,589,010		$	14,829,834		$	14,847,759		$	15,012,336		$	14,677,426

Liabilities:
	Future policy benefits			$	6,637,937		$	6,719,044		$	6,816,778		$	6,818,179		$	6,728,920
	Other policy liabilities				907,038			906,558			862,242			867,305			848,328
	Other liabilities				692,224			641,378			618,061			744,121			646,724
	Debt obligations				594,713			594,913			595,114			595,315			595,516
	Surplus note				1,285,032			1,258,508			1,241,263			1,175,119			1,130,485
	Payable under securities lending				97,560			83,425			104,535			84,876			85,020
	Separate account liabilities				2,118,098			2,318,492			2,313,874			2,281,520			2,122,558
			Total liabilities		12,332,601			12,522,318			12,551,868			12,566,435			12,157,552

Stockholders’ equity:
	Common stock ($0.01 par value) (1)				330			325			321			318			313
	Paid-in capital				—			—			—			—			—
	Retained earnings				2,253,435			2,270,996			2,319,750			2,416,149			2,440,207
	Accumulated other comprehensive income (loss), net:
		Net unrealized gains (losses)			(133,764	)		(124,629	)		(91,680	)		(89,323	)		(121,051	)
		Effect of change in discount rate assumptions on the liability for future policy benefits			171,599			174,626			89,692			134,594			223,792
		Cumulative translation adjustment			(35,191	)		(13,803	)		(22,191	)		(15,836	)		(23,388	)
			Total stockholders’ equity		2,256,409			2,307,516			2,295,892			2,445,901			2,519,874
			Total liabilities and stockholders' equity	$	14,589,010		$	14,829,834		$	14,847,759		$	15,012,336		$	14,677,426

Reconciliation of Total Stockholders' Equity to Adjusted Stockholders' Equity
Total stockholders' equity				$	2,256,409		$	2,307,516		$	2,295,892		$	2,445,901		$	2,519,874
	Less: Net unrealized gains (losses)				(133,764	)		(124,629	)		(91,680	)		(89,323	)		(121,051	)
	Less: Effect of change in discount rate assumptions on the liability for future policy benefits				171,599			174,626			89,692			134,594			223,792
			Adjusted stockholders’ equity	$	2,218,574		$	2,257,519		$	2,297,880		$	2,400,630		$	2,417,133

Adjusted Stockholders' Equity Rollforward
Balance, beginning of period				$	2,197,050		$	2,218,574		$	2,257,519		$	2,297,880		$	2,400,630
	Net Income				169,051			178,344			206,793			197,047			190,096
	Shareholder dividends				(34,736	)		(34,209	)		(33,819	)		(33,288	)		(38,117	)
	Retirement of shares				(126,637	)		(129,124	)		(129,000	)		(74,654	)		(140,974	)
	Net foreign currency translation adjustment				(424	)		21,388			(8,388	)		6,355			(7,551	)
	Other, net				14,270			2,546			4,775			7,291			13,049
Balance, end of period				$	2,218,574		$	2,257,519		$	2,297,880		$	2,400,630		$	2,417,133

Deferred Policy Acquisition Costs Rollforward
Balance, beginning of period				$	3,680,430		$	3,742,693		$	3,817,119		$	3,863,442		$	3,915,998
	General expenses deferred				10,883			11,605			11,235			10,368			11,363
	Commission costs deferred				130,162			126,272			122,850			120,125			117,128
	Amortization of deferred policy acquisition costs				(78,550	)		(80,043	)		(81,498	)		(82,813	)		(84,260	)
	Foreign currency impact and other, net				(232	)		16,592			(6,263	)		4,876			(5,895	)
Balance, end of period				$	3,742,693		$	3,817,119		$	3,863,442		$	3,915,998		$	3,954,334

(1)

Outstanding common shares exclude restricted stock units.

     Financial Results and Other Statistical Data

     PRIMERICA, INC.
Financial Supplement


																					YOY Q1												YOY YTD
(Dollars in thousands, except per-share data)			Q1 2025			Q2 2025			Q3 2025			Q4 2025			Q1 2026			Q2 2026	Q3 2026	Q4 2026	$ Change			% Change			YTD 2025			YTD 2026			$ Change			% Change
Earnings per Share
Basic earnings per share:
	Weighted-average common shares and fully vested equity awards			33,292,459			32,870,061			32,404,112			31,978,688			31,680,718						(1,611,741	)		-4.8	%		33,292,459			31,680,718			(1,611,741	)		-4.8	%

	Net income		$	169,051		$	178,344		$	206,793		$	197,047		$	190,096					$	21,045			12.4	%	$	169,051		$	190,096		$	21,045			12.4	%
	Less income attributable to unvested participating securities			(585	)		(572	)		(678	)		(606	)		(626	)					(41	)		-7.1	%		(585	)		(626	)		(41	)		-7.1	%
		Net income used in computing basic EPS	$	168,466		$	177,772		$	206,114		$	196,441		$	189,470					$	21,004			12.5	%	$	168,466		$	189,470		$	21,004			12.5	%
		Basic earnings per share	$	5.06		$	5.41		$	6.36		$	6.14		$	5.98					$	0.92			18.2	%	$	5.06		$	5.98		$	0.92			18.2	%

	Adjusted net operating income		$	168,068		$	180,385		$	206,052		$	196,907		$	189,794					$	21,727			12.9	%	$	168,068		$	189,794		$	21,727			12.9	%
	Less operating income attributable to unvested participating securities			(581	)		(579	)		(676	)		(605	)		(625	)					(44	)		-7.5	%		(581	)		(625	)		(44	)		-7.5	%
		Adjusted net operating income used in computing basic operating EPS	$	167,487		$	179,806		$	205,376		$	196,302		$	189,170					$	21,683			12.9	%	$	167,487		$	189,170		$	21,683			12.9	%
		Basic adjusted operating income per share	$	5.03		$	5.47		$	6.34		$	6.14		$	5.97					$	0.94			18.7	%	$	5.03		$	5.97		$	0.94			18.7	%

Diluted earnings per share:
	Weighted-average common shares and fully vested equity awards			33,292,459			32,870,061			32,404,112			31,978,688			31,680,718						(1,611,741	)		-4.8	%		33,292,459			31,680,718			(1,611,741	)		-4.8	%
	Dilutive impact of contingently issuable shares			49,670			41,352			47,284			53,183			46,818						(2,852	)		-5.7	%		49,670			46,818			(2,852	)		-5.7	%
		Shares used to calculate diluted EPS		33,342,129			32,911,413			32,451,396			32,031,871			31,727,536						(1,614,593	)		-4.8	%		33,342,129			31,727,536			(1,614,593	)		-4.8	%

	Net income		$	169,051		$	178,344		$	206,793		$	197,047		$	190,096					$	21,045			12.4	%	$	169,051		$	190,096		$	21,045			12.4	%
	Less income attributable to unvested participating securities			(584	)		(571	)		(678	)		(605	)		(625	)					(41	)		-7.1	%		(584	)		(625	)		(41	)		-7.1	%
		Net income used in computing diluted EPS	$	168,467		$	177,772		$	206,115		$	196,442		$	189,471					$	21,004			12.5	%	$	168,467		$	189,471		$	21,004			12.5	%
		Diluted earnings per share	$	5.05		$	5.40		$	6.35		$	6.13		$	5.97					$	0.92			18.2	%	$	5.05		$	5.97		$	0.92			18.2	%

	Adjusted net operating income		$	168,068		$	180,385		$	206,052		$	196,907		$	189,794					$	21,727			12.9	%	$	168,068		$	189,794		$	21,727			12.9	%
	Less operating income attributable to unvested participating securities			(580	)		(578	)		(675	)		(604	)		(624	)					(44	)		-7.5	%		(580	)		(624	)		(44	)		-7.5	%
		Adjusted net operating income used in computing diluted operating EPS	$	167,487		$	179,807		$	205,377		$	196,303		$	189,170					$	21,683			12.9	%	$	167,487		$	189,170		$	21,683			12.9	%
		Diluted adjusted operating income per share	$	5.02		$	5.46		$	6.33		$	6.13		$	5.96					$	0.94			18.7	%	$	5.02		$	5.96		$	0.94			18.7	%

Annualized Return on Equity
	Average stockholders' equity		$	2,257,725		$	2,281,963		$	2,301,704		$	2,370,896		$	2,482,888					$	225,162			10.0	%	$	2,257,725		$	2,482,888		$	225,162			10.0	%
	Average adjusted stockholders' equity		$	2,207,812		$	2,238,047		$	2,277,699		$	2,349,255		$	2,408,882					$	201,070			9.1	%	$	2,207,812		$	2,408,882		$	201,070			9.1	%

	Net income return on stockholders' equity			30.0	%		31.3	%		35.9	%		33.2	%		30.6	%					0.7	%	nm				30.0	%		30.6	%		0.7	%	nm
	Net income return on adjusted stockholders' equity			30.6	%		31.9	%		36.3	%		33.6	%		31.6	%					0.9	%	nm				30.6	%		31.6	%		0.9	%	nm

	Adjusted net operating income return on adjusted stockholders' equity			30.4	%		32.2	%		36.2	%		33.5	%		31.5	%					1.1	%	nm				30.4	%		31.5	%		1.1	%	nm

Capital Structure
	Debt-to-capital (1)			20.9	%		20.5	%		20.6	%		19.6	%		19.1	%					-1.7	%	nm				20.9	%		19.1	%		-1.7	%	nm
	Debt-to-capital, excluding AOCI (1)			20.9	%		20.8	%		20.4	%		19.8	%		19.6	%					-1.3	%	nm				20.9	%		19.6	%		-1.3	%	nm

	Cash and invested assets to stockholders' equity			2.2	x		2.2	x		2.2	x		2.2	x		2.1	x					(0.1	x)	nm				2.2	x		2.1	x		(0.1	x)	nm
	Cash and invested assets to adjusted stockholders' equity			2.3	x		2.2	x		2.2	x		2.2	x		2.2	x					(0.1	x)	nm				2.3	x		2.2	x		(0.1	x)	nm

	Share count, end of period (2)			33,022,554			32,545,209			32,075,564			31,809,803			31,343,338						(1,679,216	)		-5.1	%		33,022,554			31,343,338			(1,679,216	)		-5.1	%
	Adjusted stockholders' equity per share		$	67.18		$	69.37		$	71.64		$	75.47		$	77.12					$	9.93			14.8	%	$	67.18		$	77.12		$	9.93			14.8	%

Financial Strength Ratings - Primerica Life Insurance Co
	Moody's		A1			A1			A1			A1			A1						na			na			na			na			na			na
	S&P		AA-			AA-			AA-			AA-			AA-						na			na			na			na			na			na
	A.M. Best		A+			A+			A+			A+			A+						na			na			na			na			na			na

Holding Company Senior Debt Ratings
	Moody's		Baa1			Baa1			Baa1			Baa1			Baa1						na			na			na			na			na			na
	S&P		A-			A-			A-			A-			A-						na			na			na			na			na			na
	A.M. Best		a-			a-			a-			a-			a-						na			na			na			na			na			na

(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, which excludes restricted stock units (RSUs).

     Statements of Income

     PRIMERICA, INC.
Financial Supplement


																					YOY Q1												YOY YTD
(Dollars in thousands)			Q1 2025			Q2 2025			Q3 2025			Q4 2025			Q1 2026			Q2 2026	Q3 2026	Q4 2026	$ Change			% Change			YTD 2025			YTD 2026			$ Change			% Change
Statements of Income
Revenues:
	Direct premiums		$	858,845		$	866,254		$	868,651		$	869,030		$	871,246					$	12,401			1.4	%	$	858,845		$	871,246		$	12,401			1.4	%
	Ceded premiums			(410,521	)		(433,408	)		(414,104	)		(420,843	)		(414,859	)					(4,337	)		-1.1	%		(410,521	)		(414,859	)		(4,337	)		-1.1	%
		Net premiums		448,323			432,846			454,547			448,187			456,387						8,064			1.8	%		448,323			456,387			8,064			1.8	%
	Net investment income			41,671			40,928			42,431			42,122			43,283						1,612			3.9	%		41,671			43,283			1,612			3.9	%
	Commissions and fees:
		Sales-based (1)		111,270			115,933			118,637			131,305			136,355						25,085			22.5	%		111,270			136,355			25,085			22.5	%
		Asset-based (2)		152,014			154,735			172,286			181,407			187,366						35,352			23.3	%		152,014			187,366			35,352			23.3	%
		Account-based (3)		24,195			24,394			24,420			24,347			23,619						(576	)		-2.4	%		24,195			23,619			(576	)		-2.4	%
		Other commissions and fees		9,477			10,970			10,146			10,326			9,401						(76	)		-0.8	%		9,477			9,401			(76	)		-0.8	%
	Investment (losses) gains			757			(2,866	)		652			641			396						(361	)	nm				757			396			(361	)	nm
	Other, net			17,135			16,394			16,732			15,347			15,886						(1,249	)		-7.3	%		17,135			15,886			(1,249	)		-7.3	%
	Total revenues			804,843			793,334			839,852			853,683			872,693						67,850			8.4	%		804,843			872,693			67,850			8.4	%
Benefits and expenses:
	Benefits and claims			174,862			152,494			172,152			166,420			171,254						(3,608	)		-2.1	%		174,862			171,254			(3,608	)		-2.1	%
	Future policy benefits remeasurement (gain)/loss			(3,273	)		(5,895	)		(23,114	)		(5,107	)		(7,377	)					(4,104	)		-125.4	%		(3,273	)		(7,377	)		(4,104	)		-125.4	%
	Amortization of DAC			78,550			80,043			81,498			82,813			84,260						5,710			7.3	%		78,550			84,260			5,710			7.3	%
	Insurance commissions			6,124			5,751			5,499			5,621			5,618						(506	)		-8.3	%		6,124			5,618			(506	)		-8.3	%
	Insurance expenses			64,805			64,362			64,131			70,168			66,567						1,762			2.7	%		64,805			66,567			1,762			2.7	%
	Sales commissions:
		Sales-based (1)		77,267			82,935			82,867			89,561			95,168						17,901			23.2	%		77,267			95,168			17,901			23.2	%
		Asset-based (2)		76,246			78,010			87,337			93,247			95,360						19,114			25.1	%		76,246			95,360			19,114			25.1	%
		Other sales commissions		4,605			5,346			4,484			5,015			4,682						77			1.7	%		4,605			4,682			77			1.7	%
	Interest expense			6,004			6,000			5,985			5,968			5,861						(144	)		-2.4	%		6,004			5,861			(144	)		-2.4	%
	Other operating expenses			98,338			89,792			87,333			92,904			101,882						3,544			3.6	%		98,338			101,882			3,544			3.6	%
	Total benefits and expenses			583,528			558,838			568,173			606,609			623,275						39,747			6.8	%		583,528			623,275			39,747			6.8	%
	Income before income taxes			221,315			234,496			271,679			247,074			249,418						28,103			12.7	%		221,315			249,418			28,103			12.7	%
		Income taxes		52,264			56,153			64,886			50,027			59,322						7,058			13.5	%		52,264			59,322			7,058			13.5	%
	Net Income			169,051			178,344			206,793			197,047			190,096						21,045			12.4	%		169,051			190,096			21,045			12.4	%

Income Before Income Taxes by Segment
Term Life Insurance			$	146,785		$	155,012		$	172,684		$	146,578		$	154,859					$	8,074			5.5	%	$	146,785		$	154,859		$	8,074			5.5	%
Investment & Savings Products				81,270			79,420			94,223			100,609			100,900						19,629			24.2	%		81,270			100,900			19,629			24.2	%
Corporate & Other Distributed Products				(6,741	)		64			4,771			(113	)		(6,340	)					401			5.9	%		(6,741	)		(6,340	)		401			5.9	%
	Income before income taxes		$	221,315		$	234,496		$	271,679		$	247,074		$	249,418					$	28,103			12.7	%	$	221,315		$	249,418		$	28,103			12.7	%

(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.

     Reconciliation of Statement of Income GAAP to Non-GAAP Financial Measures

     PRIMERICA, INC.
Financial Supplement


																				YOY Q1												YOY YTD
(Dollars in thousands)		Q1 2025			Q2 2025			Q3 2025			Q4 2025			Q1 2026			Q2 2026	Q3 2026	Q4 2026	$ Change			% Change			YTD 2025			YTD 2026			$ Change			% Change
Reconciliation from Term Life Insurance Direct Premiums to Term Life Insurance Adjusted Direct Premiums
	Term Life Insurance direct premiums	$	854,430		$	861,919		$	864,047		$	865,138		$	867,202					$	12,772			1.5	%	$	854,430		$	867,202		$	12,772			1.5	%
	Less: Premiums ceded to IPO Coinsurers		191,477			187,988			185,392			183,123			179,575						(11,902	)		-6.2	%		191,477			179,575			(11,902	)		-6.2	%
	Term Life Insurance adjusted direct premiums	$	662,953		$	673,931		$	678,655		$	682,015		$	687,627					$	24,674			3.7	%	$	662,953		$	687,627		$	24,674			3.7	%

Reconciliation from Term Life Insurance Ceded Premiums to Term Life Insurance Other Ceded Premiums
	Term Life Insurance ceded premiums	$	(409,334	)	$	(432,306	)	$	(412,935	)	$	(419,273	)	$	(413,843	)				$	(4,509	)		-1.1	%	$	(409,334	)	$	(413,843	)	$	(4,509	)		-1.1	%
	Less: Premiums ceded to IPO Coinsurers		(191,477	)		(187,988	)		(185,392	)		(183,123	)		(179,575	)					11,902			6.2	%		(191,477	)		(179,575	)		11,902			6.2	%
	Term Life Insurance other ceded premiums	$	(217,857	)	$	(244,318	)	$	(227,543	)	$	(236,149	)	$	(234,269	)				$	(16,412	)		-7.5	%	$	(217,857	)	$	(234,269	)	$	(16,412	)		-7.5	%

Reconciliation from Net Investment Income to Adjusted Net Investment Income
	Net Investment Income	$	41,671		$	40,928		$	42,431		$	42,122		$	43,283					$	1,612			3.9	%	$	41,671		$	43,283		$	1,612			3.9	%
	Less: MTM investment adjustments		530			182			321			(466	)		—					nm			nm				530			—		nm			nm
	Adjusted net investment income	$	41,141		$	40,746		$	42,110		$	42,588		$	43,283					$	2,142			5.2	%	$	41,141		$	43,283		$	2,142			5.2	%

Reconciliation from C&O Income Before Income Taxes to C&O Adjusted Operating Income Before Income Taxes
	Income before income taxes	$	(6,741	)	$	64		$	4,771		$	(113	)	$	(6,340	)				$	401			5.9	%	$	(6,741	)	$	(6,340	)	$	401			5.9	%
	Less: Investment gains/(losses)		757			(2,866	)		652			641			396					nm			nm				757			396		nm			nm
	Less: MTM investment adjustments		530			182			321			(466	)		—					nm			nm				530			—		nm			nm
	Adjusted operating income before income taxes	$	(8,028	)	$	2,748		$	3,798		$	(288	)	$	(6,736	)				$	1,292			16.1	%	$	(8,028	)	$	(6,736	)	$	1,292			16.1	%

Reconciliation from Total Revenues to Adjusted Operating Revenues
	Total revenues	$	804,843		$	793,334		$	839,852		$	853,683		$	872,693					$	67,850			8.4	%	$	804,843		$	872,693		$	67,850			8.4	%
	Less: Investment (losses) gains		757			(2,866	)		652			641			396					nm			nm				757			396		nm			nm
	Less: MTM investment adjustments		530			182			321			(466	)		—					nm			nm				530			—		nm			nm
	Adjusted operating revenues	$	803,556		$	796,018		$	838,879		$	853,508		$	872,297					$	68,742			8.6	%	$	803,556		$	872,297		$	68,742			8.6	%

Reconciliation from Income Before Income Taxes to Adjusted Operating Income Before Income Taxes
	Income from continuing operations before income taxes	$	221,315		$	234,496		$	271,679		$	247,074		$	249,418					$	28,103			12.7	%	$	221,315		$	249,418		$	28,103			12.7	%
	Less: Investment (losses) gains		757			(2,866	)		652			641			396					nm			nm				757			396		nm			nm
	Less: MTM investment adjustments		530			182			321			(466	)		—					nm			nm				530			—		nm			nm
	Adjusted operating income before income taxes	$	220,028		$	237,181		$	270,706		$	246,899		$	249,023					$	28,995			13.2	%	$	220,028		$	249,023		$	28,995			13.2	%

Reconciliation from Net Income to Adjusted Net Operating Income
	Net income	$	169,051		$	178,344		$	206,793		$	197,047		$	190,096					$	21,045			12.4	%	$	169,051		$	190,096		$	21,045			12.4	%
	Less: Investment (losses) gains		757			(2,866	)		652			641			396					nm			nm				757			396		nm			nm
	Less: MTM investment adjustments		530			182			321			(466	)		—					nm			nm				530			—		nm			nm
	Less: Tax impact of preceding items		(304	)		643			(232	)		(35	)		(94	)				nm			nm				(304	)		(94	)	nm			nm
	Adjusted net operating income	$	168,068		$	180,385		$	206,052		$	196,907		$	189,794					$	21,727			12.9	%	$	168,068		$	189,794		$	21,727			12.9	%

     Term Life Insurance - Financial Results and Analysis

     PRIMERICA, INC.
Financial Supplement


																				YOY Q1												YOY YTD
(Dollars in thousands)		Q1 2025			Q2 2025			Q3 2025			Q4 2025			Q1 2026			Q2 2026	Q3 2026	Q4 2026	$ Change			% Change			YTD 2025			YTD 2026			$ Change			% Change
Term Life Insurance Income Before Income Taxes
	Revenues:
	Direct Premiums	$	854,430		$	861,919		$	864,047		$	865,138		$	867,202					$	12,772			1.5	%	$	854,430		$	867,202		$	12,772			1.5	%
	Premiums ceded to IPO coinsurers (1)		(191,477	)		(187,988	)		(185,392	)		(183,123	)		(179,575	)					11,902			6.2	%		(191,477	)		(179,575	)		11,902			6.2	%
	Adjusted direct premiums (2)		662,953			673,931			678,655			682,015			687,627						24,674			3.7	%		662,953			687,627			24,674			3.7	%
	Other ceded premiums (3)		(217,857	)		(244,318	)		(227,543	)		(236,149	)		(234,269	)					(16,412	)		-7.5	%		(217,857	)		(234,269	)		(16,412	)		-7.5	%
	Net premiums		445,096			429,613			451,112			445,866			453,359						8,263			1.9	%		445,096			453,359			8,263			1.9	%
	Other, net		12,745			12,221			12,189			10,967			11,275						(1,471	)		-11.5	%		12,745			11,275			(1,471	)		-11.5	%
	Revenues		457,842			441,834			463,301			456,832			464,634						6,792			1.5	%		457,842			464,634			6,792			1.5	%

	Benefits and expenses:
	Benefits and claims		171,243			148,725			168,319			163,257			167,252						(3,991	)		-2.3	%		171,243			167,252			(3,991	)		-2.3	%
	Future policy benefits remeasurement (gain)/loss		(3,402	)		(5,743	)		(23,392	)		(5,190	)		(7,564	)					(4,162	)		-122.3	%		(3,402	)		(7,564	)		(4,162	)		-122.3	%
	Amortization of DAC		76,921			78,386			79,876			81,227			82,666						5,745			7.5	%		76,921			82,666			5,745			7.5	%
	Insurance commissions		2,649			2,238			2,755			1,993			2,042						(606	)		-22.9	%		2,649			2,042			(606	)		-22.9	%
	Insurance expenses		63,645			63,216			63,058			68,966			65,378						1,733			2.7	%		63,645			65,378			1,733			2.7	%
	Benefits and expenses		311,056			286,821			290,616			310,254			309,774						(1,282	)		-0.4	%		311,056			309,774			(1,282	)		-0.4	%
	Income before income taxes	$	146,785		$	155,012		$	172,684		$	146,578		$	154,859					$	8,074			5.5	%	$	146,785		$	154,859		$	8,074			5.5	%

Total Term Life Insurance - Financial Analysis
	Post-IPO direct premiums (4)	$	538,072		$	547,938		$	551,915		$	554,372		$	559,529					$	21,457			4.0	%	$	538,072		$	559,529		$	21,457			4.0	%
	Pre-IPO direct premiums (5)		316,359			313,981			312,132			310,766			307,674						(8,685	)		-2.7	%		316,359			307,674			(8,685	)		-2.7	%
	Total direct premiums	$	854,430		$	861,919		$	864,047		$	865,138		$	867,202					$	12,772			1.5	%	$	854,430		$	867,202		$	12,772			1.5	%

	Premiums ceded to IPO coinsurers	$	191,477		$	187,988		$	185,392		$	183,123		$	179,575					$	(11,902	)		-6.2	%	$	191,477		$	179,575		$	(11,902	)		-6.2	%
	% of Pre-IPO direct premiums		60.5	%		59.9	%		59.4	%		58.9	%		58.4	%				nm			nm				60.5	%		58.4	%	nm			nm

	Benefits and claims, net (6)	$	385,698		$	387,300		$	372,471		$	394,217		$	393,956					$	8,258			2.1	%	$	385,698		$	393,956		$	8,258			2.1	%
	% of adjusted direct premiums		58.2	%		57.5	%		54.9	%		57.8	%		57.3	%				nm			nm				58.2	%		57.3	%	nm			nm

	DAC amortization & insurance commissions	$	79,570		$	80,624		$	82,631		$	83,220		$	84,709					$	5,139			6.5	%	$	79,570		$	84,709		$	5,139			6.5	%
	% of adjusted direct premiums		12.0	%		12.0	%		12.2	%		12.2	%		12.3	%				nm			nm				12.0	%		12.3	%	nm			nm

	Insurance expenses, net (7)	$	50,900		$	50,995		$	50,869		$	57,999		$	54,103					$	3,204			6.3	%	$	50,900		$	54,103		$	3,204			6.3	%
	% of adjusted direct premiums		7.7	%		7.6	%		7.5	%		8.5	%		7.9	%				nm			nm				7.7	%		7.9	%	nm			nm

	Total Term Life income before income taxes	$	146,785		$	155,012		$	172,684		$	146,578		$	154,859					$	8,074			5.5	%	$	146,785		$	154,859		$	8,074			5.5	%
	Term Life operating margin (8)		22.1	%		23.0	%		25.4	%		21.5	%		22.5	%				nm			nm				22.1	%		22.5	%	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 yearly renewable term.

(7)

Insurance expenses, net - insurance expenses net of other, net revenues.

(8)

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

     Term Life Insurance - Key Statistics

     PRIMERICA, INC.
Financial Supplement


																					YOY Q1												YOY YTD
			Q1 2025			Q2 2025			Q3 2025			Q4 2025			Q1 2026			Q2 2026	Q3 2026	Q4 2026	$ Change			% Change			YTD 2025			YTD 2026			$ Change			% Change
Key Statistics

Life-insurance licensed sales force, beginning of period				151,611			152,167			152,592			152,200			151,524						(87	)		-0.1	%		151,611			151,524			(87	)		-0.1	%
	New life-licensed representatives			12,339			12,903			12,482			10,998			10,569						(1,770	)		-14.3	%		12,339			10,569			(1,770	)		-14.3	%
	Non-renewal and terminated representatives			(11,783	)		(12,478	)		(12,874	)		(11,674	)		(12,361	)					(578	)		-4.9	%		(11,783	)		(12,361	)		(578	)		-4.9	%
Life-insurance licensed sales force, end of period				152,167			152,592			152,200			151,524			149,732						(2,435	)		-1.6	%		152,167			149,732			(2,435	)		-1.6	%

Estimated annualized issued term life premium ($mills) (1):
	Premium from new policies		$	74.4		$	78.5		$	69.8		$	67.1		$	64.9					$	(9.6	)		-12.8	%	$	74.4		$	64.9		$	(9.6	)		-12.8	%
	Additions and increases in premium			18.5			20.2			19.0			17.9			18.4						(0.1	)		-0.7	%		18.5			18.4			(0.1	)		-0.7	%
		Total estimated annualized issued term life premium	$	93.0		$	98.7		$	88.8		$	85.0		$	83.3					$	(9.7	)		-10.4	%	$	93.0		$	83.3		$	(9.7	)		-10.4	%

Issued term life policies				86,415			89,850			79,379			76,143			74,054						(12,361	)		-14.3	%		86,415			74,054			(12,361	)		-14.3	%
Estimated average annualized issued term life premium per policy (1)(2)			$	861		$	874		$	879		$	882		$	876					$	15			1.7	%	$	861		$	876		$	15			1.7	%

Term life face amount in-force, beginning of period ($mills)			$	953,583		$	956,981		$	968,312		$	967,024		$	967,612					$	14,029			1.5	%	$	953,583		$	967,612		$	14,029			1.5	%
	Issued term life face amount (3)			28,455			30,292			27,067			26,068			25,678						(2,777	)		-9.8	%		28,455			25,678			(2,777	)		-9.8	%
	Terminated term life face amount			(24,979	)		(24,795	)		(26,159	)		(27,170	)		(25,578	)					(598	)		-2.4	%		(24,979	)		(25,578	)		(598	)		-2.4	%
	Foreign currency impact, net			(77	)		5,834			(2,196	)		1,690			(2,041	)					(1,964	)	nm				(77	)		(2,041	)		(1,964	)	nm
Term life face amount in-force, end of period			$	956,981		$	968,312		$	967,024		$	967,612		$	965,671					$	8,690			0.9	%	$	956,981		$	965,671		$	8,690			0.9	%

(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.

     Investment and Savings Products - Financial Results and Financial Analysis 

PRIMERICA, INC.
Financial Supplement


																				YOY Q1												YOY YTD
(Dollars in thousands, except as noted)		Q1 2025			Q2 2025			Q3 2025			Q4 2025			Q1 2026			Q2 2026	Q3 2026	Q4 2026	$ Change			% Change			YTD 2025			YTD 2026			$ Change			% Change
Investment & Savings Products Income Before Income Taxes
	Revenues:
	Commissions and fees:
	Sales-based	$	111,270		$	115,933		$	118,637		$	131,305		$	136,355					$	25,085			22.5	%	$	111,270		$	136,355		$	25,085			22.5	%
	Asset-based		152,014			154,735			172,286			181,407			187,366						35,352			23.3	%		152,014			187,366			35,352			23.3	%
	Account-based		24,195			24,394			24,420			24,347			23,619						(576	)		-2.4	%		24,195			23,619			(576	)		-2.4	%
	Other, net		3,333			3,236			3,445			3,275			3,305						(28	)		-0.8	%		3,333			3,305			(28	)		-0.8	%
	Revenues		290,812			298,297			318,789			340,335			350,645						59,833			20.6	%		290,812			350,645			59,833			20.6	%

	Benefits and expenses:
	Amortization of DAC		1,337			1,368			1,355			1,321			1,334						(4	)		-0.3	%		1,337			1,334			(4	)		-0.3	%
	Insurance commissions		3,277			3,468			3,485			3,526			3,457						180			5.5	%		3,277			3,457			180			5.5	%
	Sales commissions:
	Sales-based		77,267			82,935			82,867			89,561			95,168						17,901			23.2	%		77,267			95,168			17,901			23.2	%
	Asset-based		76,246			78,010			87,337			93,247			95,360						19,114			25.1	%		76,246			95,360			19,114			25.1	%
	Other operating expenses		51,414			53,096			49,522			52,071			54,427						3,013			5.9	%		51,414			54,427			3,013			5.9	%
	Benefits and expenses		209,541			218,877			224,565			239,726			249,745						40,204			19.2	%		209,541			249,745			40,204			19.2	%
	Income before income taxes	$	81,270		$	79,420		$	94,223		$	100,609		$	100,900					$	19,629			24.2	%	$	81,270		$	100,900		$	19,629			24.2	%

Financial Analysis

	Fees paid based on client asset values (1)	$	10,915		$	11,404		$	12,285		$	12,803		$	13,287					$	2,372			21.7	%	$	10,915		$	13,287		$	2,372			21.7	%
	Fees paid based on fee-generating positions (2)		12,410			11,015			10,341			10,543			11,121						(1,289	)		-10.4	%		12,410			11,121			(1,289	)		-10.4	%
	Other operating expenses		28,089			30,676			26,896			28,724			30,019						1,930			6.9	%		28,089			30,019			1,930			6.9	%
	Total other operating expenses	$	51,414		$	53,096		$	49,522		$	52,071		$	54,427					$	3,013			5.9	%	$	51,414		$	54,427		$	3,013			5.9	%

	Sales-based variable margin as % of revenue-generating sales (3)
	U.S.		1.37	%		1.29	%		1.38	%		1.49	%		1.38	%				nm			nm				1.37	%		1.38	%	nm			nm
	Canada		0.35	%		0.35	%		0.35	%		0.27	%		0.38	%				nm			nm				0.35	%		0.38	%	nm			nm
	Total		1.28	%		1.23	%		1.31	%		1.40	%		1.30	%				nm			nm				1.28	%		1.30	%	nm			nm

	Asset-based variable margin as % of average asset values (4)
	U.S.		0.043	%		0.043	%		0.044	%		0.045	%		0.046	%				nm			nm				0.043	%		0.046	%	nm			nm
	Canada		0.113	%		0.109	%		0.115	%		0.110	%		0.114	%				nm			nm				0.113	%		0.114	%	nm			nm
	Total		0.053	%		0.053	%		0.055	%		0.055	%		0.057	%				nm			nm				0.053	%		0.057	%	nm			nm

	Account-based variable margin per average fee generating position (5)(6)	$	3.57		$	4.02		$	4.20		$	4.09		$	3.69					nm			nm			$	3.57		$	3.69		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 variable margin - commission and fee revenue less commissions paid to the sales force based on product sales activity.

(4)

Asset-based variable margin - 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 variable margin - fee revenue less recordkeeping fees paid to third-party providers based on fee-generating positions and certain direct general expenses.

(6)

In whole dollars.

     Investment and Savings Products - Key Statistics

     PRIMERICA, INC.
Financial Supplement


																							YOY Q1												YOY YTD
					Q1 2025			Q2 2025			Q3 2025			Q4 2025			Q1 2026			Q2 2026	Q3 2026	Q4 2026	$ Change			% Change			YTD 2025			YTD 2026			$ Change			% Change
Key Statistics

	Product sales ($mills)
		U.S. Retail Mutual Funds			$	1,317.9		$	1,244.0		$	1,298.4		$	1,323.0		$	1,460.2					$	142.3			10.8	%	$	1,317.9		$	1,460.2		$	142.3			10.8	%
		Canada Retail Mutual Funds				220.7			168.5			185.7			212.9			235.2						14.5			6.6	%		220.7			235.2			14.5			6.6	%
		Indexed Annuities				71.1			93.0			72.7			70.2			77.2						6.2			8.7	%		71.1			77.2			6.2			8.7	%
		Variable Annuities and other				1,038.9			1,178.7			1,180.6			1,375.3			1,383.6						344.7			33.2	%		1,038.9			1,383.6			344.7			33.2	%
				Total sales-based revenue generating product sales		2,648.6			2,684.2			2,737.4			2,981.4			3,156.2						507.6			19.2	%		2,648.6			3,156.2			507.6			19.2	%
		Managed Accounts				596.7			634.1			717.2			822.5			821.5						224.8			37.7	%		596.7			821.5			224.8			37.7	%
		Canada Retail Mutual Funds - no upfront sales comm				296.4			218.6			244.7			261.6			313.8						17.4			5.9	%		296.4			313.8			17.4			5.9	%
		Segregated Funds				17.7			11.5			12.6			45.1			40.3						22.6			127.3	%		17.7			40.3			22.6			127.3	%
				Total product sales	$	3,559.3		$	3,548.4		$	3,711.9		$	4,110.6		$	4,331.8					$	772.4			21.7	%	$	3,559.3		$	4,331.8		$	772.4			21.7	%

		Total Canada Retail Mutual Funds			$	517.1		$	387.1		$	430.4		$	474.5		$	549.0					$	31.9			6.2	%	$	517.1		$	549.0		$	31.9			6.2	%
		Segregated Funds				17.7			11.5			12.6			45.1			40.3						22.6			127.3	%		17.7			40.3			22.6			127.3	%
			Total Canada product sales			534.8			398.6			443.0			519.5			589.2						54.4			10.2	%		534.8			589.2			54.4			10.2	%
			Total U.S. product sales			3,024.6			3,149.8			3,268.9			3,591.0			3,742.5						718.0			23.7	%		3,024.6			3,742.5			718.0			23.7	%
				Total product sales	$	3,559.3		$	3,548.4		$	3,711.9		$	4,110.6		$	4,331.8					$	772.4			21.7	%	$	3,559.3		$	4,331.8		$	772.4			21.7	%

	Client asset values, beginning of period ($mills)				$	112,081		$	109,908		$	120,224		$	126,793		$	128,891					$	16,810			15.0	%	$	112,081		$	128,891		$	16,810			15.0	%
		Inflows				3,559			3,548			3,712			4,111			4,332						772			21.7	%		3,559			4,332			772			21.7	%
		Outflows (1)				(3,017	)		(3,062	)		(3,349	)		(3,786	)		(3,970	)					(953	)		-31.6	%		(3,017	)		(3,970	)		(953	)		-31.6	%
				Net flows		542			487			363			325			362						(180	)		-33.2	%		542			362			(180	)		-33.2	%
		Foreign currency impact, net				(12	)		900			(357	)		290			(351	)					(339	)	nm				(12	)		(351	)		(339	)	nm
		Change in market value, net and other (2)				(2,703	)		8,931			6,562			1,483			(2,140	)					564			20.9	%		(2,703	)		(2,140	)		564			20.9	%
	Client asset values, end of period				$	109,908		$	120,224		$	126,793		$	128,891		$	126,762					$	16,854			15.3	%	$	109,908		$	126,762		$	16,854			15.3	%
		Annualized net flows as % of beginning of period asset values				1.9	%		1.8	%		1.2	%		1.0	%		1.1	%					-0.8	%	nm				1.9	%		1.1	%		-0.8	%	nm

	Average client asset values ($mills)
		U.S. Retail Mutual Funds			$	54,649		$	54,324		$	58,410		$	60,288		$	60,243					$	5,594			10.2	%	$	54,649		$	60,243		$	5,594			10.2	%
		Canada Retail Mutual Funds				14,555			15,153			16,452			17,226			17,764						3,209			22.0	%		14,555			17,764			3,209			22.0	%
		Managed Accounts				11,537			12,167			13,759			15,070			16,190						4,653			40.3	%		11,537			16,190			4,653			40.3	%
		Indexed Annuities				3,003			3,033			3,061			3,081			3,093						90			3.0	%		3,003			3,093			90			3.0	%
		Variable Annuities and other				27,086			27,075			29,127			30,210			30,276						3,190			11.8	%		27,086			30,276			3,190			11.8	%
		Segregated Funds				2,189			2,223			2,307			2,301			2,310						121			5.5	%		2,189			2,310			121			5.5	%
				Total	$	113,018		$	113,975		$	123,117		$	128,175		$	129,875					$	16,858			14.9	%	$	113,018		$	129,875		$	16,858			14.9	%

		Canada Retail Mutual Funds			$	14,555		$	15,153		$	16,452		$	17,226		$	17,764					$	3,209			22.0	%	$	14,555		$	17,764		$	3,209			22.0	%
		Segregated Funds				2,189			2,223			2,307			2,301			2,310						121			5.5	%		2,189			2,310			121			5.5	%
			Total Canada average client assets			16,743			17,376			18,759			19,526			20,073						3,330			19.9	%		16,743			20,073			3,330			19.9	%
			Total U.S. average client assets			96,274			96,599			104,358			108,649			109,802						13,527			14.1	%		96,274			109,802			13,527			14.1	%
				Total average client assets	$	113,018		$	113,975		$	123,117		$	128,175		$	129,875					$	16,858			14.9	%	$	113,018		$	129,875		$	16,858			14.9	%

	Average number of fee-generating positions (thous) (3)
		Recordkeeping and custodial				2,419			2,437			2,448			2,459			2,467						48			2.0	%		2,419			2,467			48			2.0	%
		Recordkeeping only				885			893			902			912			924						39			4.4	%		885			924			39			4.4	%
				Total		3,304			3,330			3,350			3,372			3,391						87			2.6	%		3,304			3,391			87			2.6	%

(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.

     Corporate Other Distributed Products - Financial Results

     PRIMERICA, INC.
Financial Supplement


																				YOY Q1												YOY YTD
(Dollars in thousands)		Q1 2025			Q2 2025			Q3 2025			Q4 2025			Q1 2026			Q2 2026	Q3 2026	Q4 2026	$ Change			% Change			YTD 2025			YTD 2026			$ Change			% Change
Corporate & Other Distributed Products Income Before Income Taxes
Revenues:
	Direct premiums	$	4,414		$	4,335		$	4,604		$	3,892		$	4,044					$	(371	)		-8.4	%	$	4,414		$	4,044		$	(371	)		-8.4	%
	Ceded premiums		(1,187	)		(1,102	)		(1,169	)		(1,571	)		(1,016	)					172			14.5	%		(1,187	)		(1,016	)		172			14.5	%
	Net premiums		3,227			3,233			3,435			2,321			3,028						(199	)		-6.2	%		3,227			3,028			(199	)		-6.2	%
	Adjusted net investment income		41,141			40,746			42,110			42,588			43,283						2,142			5.2	%		41,141			43,283			2,142			5.2	%
	Commissions and fees:
	Prepaid legal services		3,682			4,009			2,304			3,479			3,326						(356	)		-9.7	%		3,682			3,326			(356	)		-9.7	%
	Auto and homeowners insurance		1,966			2,440			2,941			2,245			1,988						22			1.1	%		1,966			1,988			22			1.1	%
	Mortgage loans		2,129			3,020			3,281			2,984			2,553						424			19.9	%		2,129			2,553			424			19.9	%
	Other sales commissions		1,701			1,502			1,620			1,618			1,535						(167	)		-9.8	%		1,701			1,535			(167	)		-9.8	%
	Other, net		1,057			938			1,098			1,106			1,307						249			23.6	%		1,057			1,307			249			23.6	%
	Adjusted operating revenues		54,902			55,887			56,789			56,341			57,019						2,117			3.9	%		54,902			57,019			2,117			3.9	%

Benefits and expenses:
	Benefits and claims		3,619			3,769			3,833			3,162			4,002						384			10.6	%		3,619			4,002			384			10.6	%
	Future policy benefits remeasurement (gain)/loss		128			(152	)		278			82			187						58			45.6	%		128			187			58			45.6	%
	Amortization of DAC		291			288			267			265			260						(31	)		-10.7	%		291			260			(31	)		-10.7	%
	Insurance commissions		199			45			(741	)		101			119						(80	)		-40.3	%		199			119			(80	)		-40.3	%
	Insurance expenses		1,160			1,147			1,074			1,202			1,189						29			2.5	%		1,160			1,189			29			2.5	%
	Sales commissions		4,605			5,346			4,484			5,015			4,682						77			1.7	%		4,605			4,682			77			1.7	%
	Interest expense		6,004			6,000			5,985			5,968			5,861						(144	)		-2.4	%		6,004			5,861			(144	)		-2.4	%
	Other operating expenses		46,924			36,696			37,811			40,834			47,455						531			1.1	%		46,924			47,455			531			1.1	%
	Benefits and expenses		62,930			53,139			52,992			56,629			63,755						825			1.3	%		62,930			63,755			825			1.3	%
	Adjusted operating income before income taxes	$	(8,028	)	$	2,748		$	3,798		$	(288	)	$	(6,736	)				$	1,292			16.1	%	$	(8,028	)	$	(6,736	)	$	1,292			16.1	%

     Investment Portfolio - Summary of Holdings

     PRIMERICA, INC.
Financial Supplement


				As of or for the period ended March 31, 2026
											% 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				$	645,811	$	645,811	$	-			15.6	%		15.0	%

Fixed Income:
	Treasury				12,371		12,708		(337	)		0.3	%		0.3	%		3.1	%	AA+
	Government				243,271		257,760		(14,489	)		5.9	%		6.0	%		3.4	%	AA-
	Tax-Exempt Municipal				45,222		47,391		(2,168	)		1.1	%		1.1	%		3.4	%	AA-
	Public Corporate				1,813,280		1,879,791		(66,511	)		43.7	%		43.7	%		4.5	%	BBB+
	Mortgage-Backed				653,835		701,501		(47,666	)		15.8	%		16.3	%		4.2	%	AAA
	Asset-Backed				278,609		282,914		(4,305	)		6.7	%		6.6	%		4.5	%	AA
	CMBS				83,591		90,721		(7,130	)		2.0	%		2.1	%		3.8	%	A+
	Private Placements				342,621		353,123		(10,501	)		8.3	%		8.2	%		5.2	%	BBB+
	Redeemable Preferred				3,676		4,248		(572	)		0.1	%		0.1	%		5.2	%	BBB-
			Total Fixed Income		3,476,477		3,630,157		(153,680	)		83.8	%		84.3	%		4.4	%	A

Equities and Other:
	Perpetual Preferred				3,430		3,430		-			0.1	%		0.1	%
	Common Stock				20,102		20,102		-			0.5	%		0.5	%
	Mutual Fund				4,173		4,173		-			0.1	%		0.1	%
	Derivative				24		24		-			0.0	%		0.0	%
			Total Equities		27,728		27,728		-			0.7	%		0.6	%

			Total Invested Assets	$	4,150,016	$	4,303,696	$	(153,680	)		100.0	%		100.0	%

Public Corporate Portfolio by Sector

	Energy			$	254,437	$	260,127	$	(5,690	)		14.0	%		13.8	%
	Insurance				253,120		263,705		(10,585	)		14.0	%		14.0	%
	Consumer Non Cyclical				175,321		186,883		(11,562	)		9.7	%		9.9	%
	Electric				137,907		142,445		(4,538	)		7.6	%		7.6	%
	Consumer Cyclical				136,159		140,851		(4,692	)		7.5	%		7.5	%
	Capital Goods				125,659		128,261		(2,602	)		6.9	%		6.8	%
	Reits				122,205		129,421		(7,216	)		6.7	%		6.9	%
	Technology				106,399		111,547		(5,149	)		5.9	%		5.9	%
	Banking				99,963		99,822		141			5.5	%		5.3	%
	Finance Companies				93,751		94,948		(1,196	)		5.2	%		5.1	%
	Communications				76,302		78,188		(1,887	)		4.2	%		4.2	%
	Brokerage				68,433		71,120		(2,686	)		3.8	%		3.8	%
	Basic Industry				68,097		73,772		(5,676	)		3.8	%		3.9	%
	Transportation				56,495		58,079		(1,584	)		3.1	%		3.1	%
	Natural Gas				23,086		23,292		(206	)		1.3	%		1.2	%
	Industrial Other				6,161		6,710		(549	)		0.3	%		0.4	%
	Utility Other				3,933		4,393		(460	)		0.2	%		0.2	%
	Financial Other				3,178		3,276		(98	)		0.2	%		0.2	%
	Owned No Guarantee				2,674		2,950		(276	)		0.1	%		0.2	%
			Total Public Corporate portfolio	$	1,813,280	$	1,879,791	$	(66,511	)		100.0	%		100.0	%

Fixed-Maturity Securities - Effective Maturity

Effective maturity
		< 1 Yr.
		1-2 Yrs.		$	411,338	$	413,189	$	(1,851	)		11.8	%		11.4	%		3.8	%
		2-5 Yrs.			310,985		314,391		(3,406	)		8.9	%		8.7	%		4.0	%
		5-10 Yrs.			858,618		885,883		(27,266	)		24.7	%		24.4	%		4.2	%
		> 10 Yrs.			1,144,393		1,215,150		(70,758	)		32.9	%		33.5	%		4.2	%
			Total Fixed Income		751,143		801,543		(50,400	)		21.6	%		22.1	%		5.3	%
				$	3,476,477	$	3,630,157	$	(153,680	)		100.0	%		100.0	%		4.4	%

Duration

Fixed Income portfolio duration					5.3	years

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

     Investment Portfolio - Quality Ratings As of March 31, 2026

     PRIMERICA, INC.
Financial Supplement


(Dollars in thousands)
Investment Portfolio Quality Ratings (1)
			Amortized Cost		% of Total
Total Fixed Income portfolio:
	Rating
	AAA		$	695,462		19.2	%
	AA			508,298		14.0	%
	A			911,678		25.1	%
	BBB			1,480,519		40.8	%
	Below Investment Grade			31,688		0.9	%
	NA			2,512		0.1	%
		Total Fixed Income	$	3,630,157		100.0	%




			Amortized Cost		% of Total						Amortized Cost		% of Total
Public Corporate asset class:								Private Placement asset class:
	Rating								Rating
	AAA		$	2,126		0.1	%		AAA		$	-		—
	AA			87,048		4.6	%		AA			8,860		2.5	%
	A			549,567		29.2	%		A			103,631		29.3	%
	BBB			1,213,498		64.6	%		BBB			239,632		67.9	%
	Below Investment Grade			27,427		1.5	%		Below Investment Grade			1,000		0.3	%
	NA			125		0.0	%		NA			-		—
		Total Corporate	$	1,879,791		100.0	%			Total Private	$	353,123		100.0	%



CMBS asset class:								Mortgage-Backed asset class:
	Rating								Rating
	AAA		$	26,846		29.6	%		AAA		$	540,993		77.1	%
	AA			21,784		24.0	%		AA			160,368		22.9	%
	A			32,690		36.0	%		A			-		—
	BBB			6,195		6.8	%		BBB			-		—
	Below Investment Grade			3,207		3.5	%		Below Investment Grade			54		0.0	%
	NA			-		—			NA			86		0.0	%
		Total CMBS	$	90,721		100.0	%			Total Mortgage-Backed	$	701,501		100.0	%



Asset-Backed asset class:								Treasury & Government asset classes:
	Rating								Rating
	AAA		$	100,462		35.5	%		AAA		$	24,371		9.0	%
	AA			49,494		17.5	%		AA			148,847		55.0	%
	A			131,457		46.5	%		A			79,502		29.4	%
	BBB			-		—			BBB			16,946		6.3	%
	Below Investment Grade			-		—			Below Investment Grade			-		—
	NA			1,500		0.5	%		NA			801		0.3	%
		Total Asset-Backed	$	282,914		100.0	%			Total Treasury & Government	$	270,468		100.0	%



NAIC Designations

	1		$	1,720,864		56.8	%
	2			1,277,630		42.1	%
	3			28,005		0.9	%
	4			4,978		0.2	%
	5			-		—
	6			-		—
		U.S. Insurer Fixed Income (2)		3,031,477		100.0	%
	Other (3)			626,408
	Cash and cash equivalents			645,811
		Total Invested Assets	$	4,303,696

(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.

     Investment Portfolio - Supplemental Data and Trends

     PRIMERICA, INC.
Financial Supplement


																							YOY Q1
(Dollars in thousands)					Q1 2025			Q2 2025			Q3 2025			Q4 2025			Q1 2026			Q2 2026	Q3 2026	Q4 2026	$ Change			% Change
Net Investment Income by Source
	Fixed-maturity securities (available-for-sale)				$	33,513		$	34,346		$	35,218		$	36,130		$	38,133					$	4,620		13.8%
	Fixed-maturity securities (held-to-maturity)					14,669			14,621			14,476			14,278			13,223						(1,446	)	-9.9%
	Equity Securities					314			315			318			321			323						9		2.9%
	Deposit asset underlying 10% reinsurance treaty					1,857			1,736			1,659			1,512			—						(1,857	)	-100.0%
	Deposit asset - Mark to Market					530			182			321			(466	)		—						(530	)	-100.0%
	Policy loans and other invested assets					1,032			482			611			617			673						(359	)	-34.8%
	Cash & cash equivalents					6,519			5,959			6,340			6,065			6,189						(330	)	-5.1%
			Total investment income			58,435			57,641			58,943			58,457			58,542						107		0.2%
	Investment expenses					2,095			2,092			2,036			2,057			2,036						(58	)	-2.8%
	Interest Expense on Surplus Note					14,669			14,621			14,476			14,278			13,223						(1,446	)	-9.9%
			Net investment income		$	41,671		$	40,928		$	42,431		$	42,122		$	43,283					$	1,612		3.9%
		Fixed income book yield, end of period				4.21	%		4.26	%		4.27	%		4.30	%		4.39	%
		New money yield				5.47	%		5.64	%		5.15	%		4.92	%		5.00	%

																							YOY Q1
					Q1 2025			Q2 2025			Q3 2025			Q4 2025			Q1 2026			Q2 2026	Q3 2026	Q4 2026	% Pt Change
Fixed Income Portfolio Quality Ratings
	Rating
	AAA					19.0	%		19.3	%		19.3	%		19.7	%		19.2	%					0.2	%
	AA					13.6	%		14.0	%		14.6	%		14.9	%		14.0	%					0.4	%
	A					24.5	%		23.8	%		24.0	%		23.8	%		25.1	%					0.6	%
	BBB					41.7	%		41.9	%		41.0	%		40.6	%		40.8	%					-0.9	%
	Below Investment Grade					1.1	%		0.9	%		0.9	%		1.1	%		0.9	%					-0.2	%
	NA					0.1	%		0.1	%		0.1	%		0.0	%		0.1	%					-0.0	%
				Total Fixed Income		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%					—

				Average rating by amortized cost	A			A			A			A			A


				As of March 31, 2026									As of March 31, 2026						As of March 31, 2026
				Market Value			Amortized Cost			Credit Rating			Market Value		Amortized Cost				Market Value		Amortized Cost
Top 25 Exposures											Foreign Exposure (1)						Government Investments (1)

	1	ONEOK Inc		$	15,008		$	15,451		BBB	Canada		$	95,863	$	100,514	AAA		$	—	$	—
	2	Province of Alberta Canada			14,445			15,132		AA-	United Kingdom			39,568		39,086	AA			—		—
	3	Realty Income Corp			13,600			13,965		A-	Australia			27,711		28,176	A			11,528		12,452
	4	Province of Ontario Canada			13,563			13,881		A+	Germany			17,621		17,892	BBB			16,314		16,496
	5	T-Mobile US Inc			13,025			13,004		BBB	Ireland			13,505		13,203	Below Investment Grade			—		—
	6	Manulife Financial Corp			12,923			13,362		A	Italy			11,110		10,855	NA			—		—
	7	Morgan Stanley			12,207			12,137		BBB+	Cayman Islands			9,996		9,933		Total	$	27,842	$	28,948
	8	Province of Quebec Canada			12,164			12,487		AA-	Mexico			9,757		10,520
	9	Enbridge Inc			12,037			12,426		BBB+	Bermuda			9,467		9,375
	10	Province of British Columbia Canada			11,712			12,174		A	Luxembourg			8,036		7,662	Non-Government Investments (1)
	11	Oracle Corp			11,622			12,876		BBB	France			7,580		7,737
	12	Intact Financial Corp			11,463			11,360		A+	Norway			5,717		5,774	AAA		$	—	$	—
	13	Province of New Brunswick Canada			11,396			12,028		A+	Spain			5,600		5,656	AA			9,068		9,082
	14	Parker-Hannifin Corp			11,271			11,388		BBB+	Netherlands			3,340		3,597	A			69,896		70,670
	15	Province of Manitoba Canada			11,190			11,838		A+	Panama			3,126		3,214	BBB			188,332		192,408
	16	Wells Fargo & Co			10,395			10,452		BBB+	Emerging Markets (2)			15,945		16,495	Below Investment Grade			1,884		2,122
	17	Alimentation Couche-Tard Inc			10,352			10,620		BBB+	All Other			13,078		13,539	NA			—		—
	18	Enel SpA			10,216			9,956		BBB		Total	$	297,021	$	303,230		Total	$	269,179	$	274,282
	19	Hercules Capital Inc			9,889			9,965		BBB-
	20	PNC Financial Services Group Inc			9,889			10,050		A-
	21	MPLX LP			9,874			10,028		BBB
	22	Province of Nova Scotia Canada			9,795			10,493		AA-
	23	Amgen Inc			9,757			10,010		BBB+
	24	Goldman Sachs Group Inc			9,755			9,773		A+
	25	Apollo Global Management Inc			9,732			9,982		A
			Total	$	287,280		$	294,836

			% of total fixed income portfolio		6.9	%		6.9	%

(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.

     Five-Year Historical Key Statistics

     PRIMERICA, INC.
Financial Supplement


(Dollars in millions)			2021			2022			2023			2024			2025			Q1 2025			Q2 2025			Q3 2025			Q4 2025			Q1 2026			Q2 2026	Q3 2026	Q4 2026


Recruits				349,374			359,735			361,925			445,425			358,316			100,867			80,924			101,156			75,369			84,217


Life-insurance licensed sales force, beginning of period				134,907			129,515			135,208			141,572			151,611			151,611			152,167			152,592			152,200			151,524
	New life-licensed representatives			39,622			45,147			49,096			56,320			48,722			12,339			12,903			12,482			10,998			10,569
	Non-renewal and terminated representatives			(45,014	)		(39,454	)		(42,732	)		(46,281	)		(48,809	)		(11,783	)		(12,478	)		(12,874	)		(11,674	)		(12,361	)
Life-insurance licensed sales force, end of period				129,515			135,208			141,572			151,611			151,524			152,167			152,592			152,200			151,524			149,732


Issued term life policies				323,855			291,918			358,860			370,396			331,787			86,415			89,850			79,379			76,143			74,054


Issued term life face amount			$	108,521		$	103,822		$	119,102		$	122,233		$	111,882		$	28,455		$	30,292		$	27,067		$	26,068		$	25,678


Term life face amount in-force, beginning of period			$	858,818		$	903,404		$	916,808		$	944,609		$	953,583		$	953,583		$	956,981		$	968,312		$	967,024		$	967,612
	Issued term life face amount			108,521			103,822			119,102			122,233			111,882			28,455			30,292			27,067			26,068			25,678
	Terminated term life face amount			(64,798	)		(82,894	)		(94,230	)		(103,872	)		(103,103	)		(24,979	)		(24,795	)		(26,159	)		(27,170	)		(25,578	)
	Foreign currency impact, net			862			(7,524	)		2,929			(9,387	)		5,251			(77	)		5,834			(2,196	)		1,690			(2,041	)
Term life face amount in force, end of period			$	903,404		$	916,808		$	944,609		$	953,583		$	967,612		$	956,981		$	968,312		$	967,024		$	967,612		$	965,671


Estimated annualized issued term life premium
	Premium from new policies		$	297.2		$	271.9		$	302.4		$	318.0		$	289.9		$	74.4		$	78.5		$	69.8		$	67.1		$	64.9
	Additions and increases in premium			77.0			76.7			74.3			74.7			75.6			18.5			20.2			19.0			17.9			18.4
		Total estimated annualized issued term life premium	$	374.2		$	348.5		$	376.6		$	392.7		$	365.4		$	93.0		$	98.7		$	88.8		$	85.0		$	83.3


Investment & Savings product sales			$	11,703.2		$	10,009.0		$	9,211.7		$	12,078.9		$	14,930.2		$	3,559.3		$	3,548.4		$	3,711.9		$	4,110.6		$	4,331.8

Investment & Savings average client asset values			$	89,993		$	87,193		$	89,474		$	105,742		$	119,571		$	113,018		$	113,975		$	123,117		$	128,175		$	129,875

Closed U.S. Mortgage Volume (brokered)			$	1,229.2		$	567.2		$	293.4		$	397.4		$	500.7		$	93.5		$	132.8		$	143.4		$	130.9		$	113.1


	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, financial analysis, and key statistics	8-9
Investment and Savings Products segment - financial results, financial analysis, and key statistics	10-11
Corporate & Other Distributed Products segment - financial results	12
Investment portfolio	13-15
Five-year historical key statistics	16