Primerica (PRI) is a financial services company based in Duluth, Georgia. The company describes itself as a leading distributor of financial products to middle-income households. It provides life insurance for approximately five million people and manages more than 2.5 million client investment accounts. Primerica was the No. 2 provider of term life insurance coverage in North America in 2019.

In 2019, the company reported $2.05 billion in revenue, up 8% from the year before. Net income climbed 13% to reach $366.4 million.

The five largest shareholders of Primerica stock are Vanguard Group, Kayne Anderson Rudnick Investment Management, BlackRock, BAMCO and Fidelity Management. Below are more details.

Key Takeaways

  • Primerica insures the lives of five million people and manages more than 2.5 million client investment accounts.
  • The company recorded an 8% increase in revenue to reach $2.05 billion, while profits also grew.
  • The top 5 shareholders of Primerica are Vanguard Group, Kayne Anderson Rudnick Investment Management, BlackRock, BAMCO and Fidelity Management.
TOP 5 SHAREHOLDERS OF PRIMERICA
SHAREHOLDER # OF SHARES % STAKE $ VALUE
Vanguard Group 4,625,788 11.34% $550.47 million
Kayne Anderson Rudnick Investments 4,356,014 10.68% $518.37 million
BlackRock  3,734,953 9.16% $444.46 million
BAMCO 2,341,642 5.74% $278.66 million
Fidelity Management 2,248,395 5.51% $267.56 million

Prices as of June 2020. Shareholdings obtained from SEC filings.     Percentage ownership based on 40,778,956 shares outstanding.