EXHIBIT 99.1
ITEM 1. BUSINESS.
Segment Financial and Geographic Disclosures
We have two primary operating segments - Term Life Insurance and Investment and Savings Products. The Term Life Insurance segment includes underwriting profits on our in-force book of term life insurance policies, net of reinsurance, which are underwritten by our life insurance company subsidiaries. The Investment and Savings Products segment includes mutual funds and variable annuities distributed through licensed broker-dealer subsidiaries and includes segregated funds, an individual annuity savings product that we underwrite in Canada through Primerica Life Canada. We also have a Corporate and Other Distributed Products segment, which consists primarily of revenues and expenses related to the distribution of non-core products, prepaid legal services and various insurance products other than our core term life insurance products.

Information regarding operations by segment follows:
 
Year ended December 31,
 
2011
 
2010
 
2009
 
(In thousands)
Revenues:
 
 
 
 
 
Term life insurance segment
$
554,995

 
$
808,568

 
$
1,742,065

Investment and savings products segment
396,703

 
361,807

 
300,140

Corporate and other distributed products segment
151,395

 
191,488

 
178,196

Total revenues
$
1,103,093

 
$
1,361,863

 
$
2,220,401

Income (loss) before income taxes:
 
 
 
 
 
Term life insurance segment
$
162,450

 
$
261,483

 
$
641,118

Investment and savings products segment
117,076

 
113,530

 
93,404

Corporate and other distributed products segment
(35,617
)
 
(13,544
)
 
7,273

Total income before income taxes
$
243,909

 
$
361,469

 
$
741,795

Information regarding operations by country follows: 
 
Year ended December 31,
 
2011
 
2010
 
2009
 
(In thousands)
Revenues by country:
 
 
 
 
 
United States
$
895,067

 
$
1,136,414

 
$
1,922,047

Canada
208,026

 
225,449

 
298,354

Total revenues
$
1,103,093

 
$
1,361,863

 
$
2,220,401

Income before income taxes by country:
 
 
 
 
 
United States
$
181,151

 
$
282,492

 
$
621,083

Canada
62,758

 
78,977

 
120,712

Total income before income taxes
$
243,909

 
$
361,469

 
$
741,795

Information regarding assets by segment follows:
 
December 31,
 
2011
 
2010
 
2009
 
(In thousands)
Assets:
 
 
 
 
 
Term life insurance segment
$
6,009,162

 
$
5,642,243

 
$
8,750,179

Investment and savings products segment
2,591,137

 
2,615,916

 
2,192,583

Corporate and other distributed products segment
1,251,521

 
1,511,250

 
2,487,121

Total assets
$
9,851,820

 
$
9,769,409

 
$
13,429,883


EX 99.1-1


Information regarding long-lived assets by country follows:
 
December 31,
 
2011
 
2010
 
2009
 
(In thousands)
Long-lived assets:
 
 
 
 
 
United States
$
84,550

 
$
90,566

 
$
90,905

Canada
316

 
1,114

 
1,265

Total long-lived assets
$
84,866

 
$
91,680

 
$
92,170

For information on risks relating to our Canadian operation, see "Risk Factors" and "Item 7A. Quantitative and Qualitative Information About Market Risks – Canadian Currency Risk."


EX 99.1-2