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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Earnings Per Share

The calculation of basic and diluted EPS was as follows:

 

 

 

Year ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

 

(In thousands, except per-share amounts)

 

Basic EPS:

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income attributable to Primerica, Inc.

 

$

576,601

 

 

$

472,068

 

 

$

477,362

 

Income attributable to unvested participating securities

 

 

(2,483

)

 

 

(2,131

)

 

 

(1,960

)

Net income used in calculating basic EPS

 

$

574,118

 

 

$

469,937

 

 

$

475,402

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average vested shares

 

 

35,954

 

 

 

37,997

 

 

 

39,530

 

Basic EPS

 

$

15.97

 

 

$

12.37

 

 

$

12.03

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS:

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income attributable to Primerica, Inc.

 

$

576,601

 

 

$

472,068

 

 

$

477,362

 

Income attributable to unvested participating securities

 

 

(2,479

)

 

 

(2,126

)

 

 

(1,955

)

Net income used in calculating diluted EPS

 

$

574,122

 

 

$

469,942

 

 

$

475,407

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average vested shares

 

 

35,954

 

 

 

37,997

 

 

 

39,530

 

Dilutive effect of incremental shares to be issued for
   contingently-issuable shares

 

 

73

 

 

 

109

 

 

 

122

 

Weighted-average shares used in calculating diluted EPS

 

 

36,027

 

 

 

38,106

 

 

 

39,652

 

Diluted EPS

 

$

15.94

 

 

$

12.33

 

 

$

11.99