Primerica (PRI) Proxy Filing summary

Executive summary

• Achieved strong financial results in 2024, with adjusted net operating income ROAE of 31.2% and a 33.6% total stockholder return for the year; five-year TSR reached 122.6%.

• Returned $425 million to stockholders via share repurchases and increased annual dividends by 26.9% to $3.30 per share.

• Grew life-licensed sales force to 151,611, up 7% from 2023, and increased new life insurance licenses by 14.7%.

• Strategic plan updated for 2025 to focus on client financial challenges, sales force leadership, digital experiences, talent development, and brand image.

Voting matters and shareholder proposals

• Stockholders to vote on election of eleven directors, advisory vote on executive compensation (Say-on-Pay), and ratification of KPMG LLP as independent auditor for 2025.

• Board recommends voting FOR all proposals.

• Majority voting standard applies for director elections; directors not receiving majority support must tender resignation.

Board of directors and corporate governance

• Board consists of eleven members, 73% independent, with significant gender, racial, and ethnic diversity.

• Separate roles for non-executive Chairman and CEO; independent Lead Director in place.

• Annual board and committee self-assessments, mandatory retirement age, and limits on outside board service.

• Proxy access allows stockholders (3% ownership for 3 years) to nominate directors.