Primerica (Primerica) Interest Expense : $-27 Mil (TTM As of Dec. 2023)

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What is Primerica Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Primerica's interest expense for the three months ended in Dec. 2023 was $ -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-27 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Primerica's Operating Income for the three months ended in Dec. 2023 was $ 204 Mil. Primerica's Interest Expense for the three months ended in Dec. 2023 was $ -7 Mil. Primerica's Interest Coverage for the quarter that ended in Dec. 2023 was 30.92. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Primerica Interest Expense Historical Data

The historical data trend for Primerica's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Primerica Interest Expense Chart

Primerica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-28.81

-28.84

-30.62

-27.24

-26.59

Primerica Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-6.77	-6.69	-6.69	-6.63	-6.59

Primerica Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-27 Mil.

Primerica (NYSE:PRI) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Primerica's Interest Expense for the three months ended in Dec. 2023 was $-7 Mil. Its EBIT for the three months ended in Dec. 2023 was $204 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,042 Mil.

Primerica's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	203.627	/	-6.586
	=	30.92

The higher the ratio, the stronger the company's financial strength is.

Primerica (Primerica) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Primerica Inc (NYSE:PRI) » Definitions » Interest Expense

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Traded in Other Exchanges

PI7:Germany

Address

1 Primerica Parkway, Duluth, GA, USA, 30099

Website

https://www.primerica.com

Primerica Inc is a provider of financial services to middle-income households in the United States and Canada. The company offers life insurance, mutual funds, annuities, and other financial products, distributed primarily on behalf of third parties. Primerica has three main subsidiaries: Primerica Financial Services, a marketing company; Primerica Life Insurance Company, a principal life insurance underwriting entity; and PFS Investments, which offers investment and savings products, brokerage services, and registered investment advisory. It has four segments Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products. Geogriphically, it derives a majority of its revenue from the US.

Executives

Alison S. Rand	officer: Executive VP and CFO	3120 BRECKINRIDGE BLVD., DULUTH GA 30099
Glenn J. Williams	officer: President	3120 BRECKINRIDGE BLVD., DULUTH GA 30099
Tracy Xiangyan Tan	officer: Executive VP, Finance	5168 LONG ISLAND DR NW, ATLANTA GA 30327
Peter W. Schneider	officer: Exec. VP and General Counsel	3120 BRECKINRIDGE BLVD., DULUTH GA 30099
Addison John A. Jr.	director, officer: Co-Chief Executive Officer	3120 BRECKINRIDGE BLVD., DULUTH GA 30099
Gregory C. Pitts	officer: Executive VP and COO	3120 BRECKINRIDGE BLVD., DULUTH GA 30099
P George Benson	director	NUTRITION 21, INC., 4 MANHATTANVILLE ROAD, PURCHASE NY 10577
Amber Lynne Cottle	director	3921 MILITARY ROAD NW, WASHINGTON DC 20015
Joel M. Babbit	director	3120 BRECKINRIDGE BLVD., DULUTH GA 30099
Sanjeev Dheer	director	22 MURRAY HILL ROAD, SCARSDALE NY 10583
Barbara A. Yastine	director	3120 BRECKINRIDGE BLVD., DULUTH GA 30099
William A. Kelly	officer: President of Subsidiary	3120 BRECKINRIDGE BLVD., DULUTH GA 30099
Robert F Mccullough	director	1170 PEACHTREE STREET, NE, SUITE 2300, ATLANTA GA 300309
C Saxby Chambliss	director	ONE ATLANTIC CENTER, 1201 WEST PEACHTREE STREET, SUITE 2800, ATLANTA GA 30309
Jeffrey S. Fendler	officer: President of Subsidiary	3120 BRECKINRIDGE BLVD., DULUTH GA 30099