Exhibit 99.2

Supplemental Financial Information

Fourth Quarter 2015

Table of Contents PRIMERICA, INC. Financial Supplement

	Page
Preface, definition of Non-GAAP financial measures	3
Condensed balance sheets and reconciliation of balance sheet non-GAAP to GAAP financial measures	4
Financial results and other statistical data	5
Statements of income	6
Reconciliation of statement of income non-GAAP to GAAP financial measures	7
Segment operating results	8
Term Life Insurance segment - financial results, key statistics, and financial analysis	9-10
Investment and Savings Products segment - financial results, financial analysis, and key statistics	11-12
Investment portfolio	13-15
Five-year historical key statistics	16

This document may contain forward-looking statements and information.  Additional information and factors that could cause actual results to differ materially from any forward-looking statements or information in this document is available in our Form 10-K for the year ended December 31, 2014.

Preface PRIMERICA, INC. Financial Supplement

FOURTH QUARTER 2015

This document is a financial supplement to our fourth quarter 2015 earnings release.  It is designed to enable comprehensive analysis of our ongoing business using the same core metrics that our management utilizes in assessing our business and making strategic and operational decisions.  Throughout this document we provide financial information that is derived from our U.S. GAAP financial statements and adjusted for three different purposes, as follows:

● Operating adjustments exclude the impact of realized investment gains and losses and the impact of entering into Co-CEOs transition agreements as described in our Form 8-K dated January 2, 2015.

● Adjusted when used in describing stockholders’ equity refers to the removal of the impact of net unrealized gains and losses on invested assets.

● IPO coinsurance transactions adjustments relate to transactions in the first quarter of 2010, where we reinsured between 80% and 90% of our business that was in-force at year-end 2009 to entities then affiliated  with Citigroup Inc. (“Citi”) that were executed concurrent with our IPO.

Management utilizes certain non-GAAP financial measures in managing the business and believes they present relevant and meaningful analytical metrics for evaluating the ongoing business.  Reconciliations of non-GAAP to GAAP financial measures are included in this financial supplement.

Certain items throughout this supplement may not add due to rounding and as such, may not agree to other public reporting of the respective item.  Certain items throughout this supplement are noted as ‘na’ to indicate not applicable.  Certain variances are noted as ‘nm’ to indicate not meaningful.  Certain reclassifications have been made to prior-period amounts to conform to current-period reporting classifications. These reclassifications had no impact on net income or total stockholders’ equity.

3 of 16

Condensed Balance Sheets and Reconciliation of Balance Sheet Non-GAAP to GAAP Financial Measures PRIMERICA, INC. Financial Supplement

(Dollars in thousands)	Mar 31,2014			Jun 30,2014			Sep 30,2014			Dec 31,2014			Mar 31,2015			Jun 30,2015			Sep 30,2015			Dec 31,2015
Condensed Balance Sheets
Assets:
Investments and cash excluding securities held to maturity	$	2,014,610		$	2,042,834		$	2,038,236		$	2,040,313		$	2,056,975		$	1,965,675		$	1,924,636		$	1,965,576
Securities held to maturity		—			—			189,830			220,000			238,000			328,000			356,000			365,220
Total investments and cash		2,014,610			2,042,834			2,228,066			2,260,313			2,294,975			2,293,675			2,280,636			2,330,796
Due from reinsurers		4,074,527			4,077,734			4,130,637			4,115,533			4,094,456			4,137,425			4,103,949			4,110,628
Deferred policy acquisition costs		1,242,983			1,293,974			1,321,415			1,351,180			1,377,022			1,430,508			1,465,175			1,500,259
Other assets		597,265			597,348			591,895			570,267			571,496			594,592			626,504			606,536
Separate account assets		2,458,739			2,581,659			2,469,118			2,440,303			2,386,265			2,324,980			2,086,598			2,063,899
Total assets	$	10,388,124		$	10,593,549		$	10,741,132		$	10,737,596		$	10,724,214		$	10,781,181		$	10,562,863		$	10,612,119
Liabilities:
Future policy benefits	$	5,103,278		$	5,180,013		$	5,214,878		$	5,264,608		$	5,289,016		$	5,361,580		$	5,388,042		$	5,431,711
Other policy liabilities		586,118			577,923			600,108			591,719			602,392			607,891			578,322			594,908
Income taxes		127,906			137,797			136,065			140,467			157,684			156,212			152,314			148,125
Other liabilities		374,962			345,350			394,518			410,629			381,268			366,436			397,114			416,417
Notes payable		374,494			374,506			374,519			374,532			374,545			374,558			374,572			374,585
Surplus note		—			—			189,830			220,000			238,000			328,000			356,000			365,220
Payable under securities lending		109,094			93,569			67,614			50,211			55,622			63,898			83,220			71,482
Separate account liabilities		2,458,739			2,581,659			2,469,118			2,440,303			2,386,265			2,324,980			2,086,598			2,063,899
Total liabilities		9,134,591			9,290,818			9,446,650			9,492,470			9,484,792			9,583,555			9,416,183			9,466,347
Stockholders’ equity:
Common stock ($0.01 par value) (1)		546			542			537			522			516			501			486			483
Paid-in capital		462,837			447,949			429,257			353,335			323,996			259,937			195,314			180,250
Retained earnings		679,183			721,788			756,738			795,741			830,624			871,440			912,749			952,804
Treasury stock		—			—			—			—			—			—			—			—
Accumulated other comprehensive income (loss), net:
Net unrealized investment gains (losses) not other-than-temporarily impaired		78,911			92,049			78,130			74,307			83,401			61,742			49,889			32,106
Net unrealized investment losses other-than-temporarily impaired		(1,346	)		(1,346	)		(461	)		(461	)		(461	)		(461	)		(73	)		(71	)
Cumulative translation adjustment		33,404			41,749			30,282			21,682			1,346			4,468			(11,684	)		(19,801	)
Total stockholders’ equity		1,253,532			1,302,731			1,294,482			1,245,126			1,239,422			1,197,626			1,146,680			1,145,772
Total liabilities and stockholders' equity	$	10,388,124		$	10,593,549		$	10,741,132		$	10,737,596		$	10,724,214		$	10,781,181		$	10,562,863		$	10,612,119
Reconciliation of Adjusted Stockholders' Equity to Total Stockholders' Equity
Adjusted stockholders' equity	$	1,175,968		$	1,212,028		$	1,216,813		$	1,171,280		$	1,156,482		$	1,136,345		$	1,096,864		$	1,113,736
Reconciling items:
Net unrealized investment gains (losses) not other-than-temporarily impaired		78,911			92,049			78,130			74,307			83,401			61,742			49,889			32,106
Net unrealized investment losses other-than-temporarily impaired		(1,346	)		(1,346	)		(461	)		(461	)		(461	)		(461	)		(73	)		(71	)
Total reconciling items		77,564			90,703			77,669			73,846			82,940			61,281			49,816			32,036
Total stockholders’ equity	$	1,253,532		$	1,302,731		$	1,294,482		$	1,245,126		$	1,239,422		$	1,197,626		$	1,146,680		$	1,145,772
Adjusted Stockholders' Equity Rollforward
Balance, beginning of period	$	1,155,996		$	1,175,968		$	1,212,028		$	1,216,813		$	1,171,280		$	1,156,482		$	1,136,345		$	1,096,864
Net Income		45,080			49,271			41,595			45,466			43,401			49,173			49,350			47,948
Shareholder dividends		(6,738	)		(6,666	)		(6,646	)		(6,462	)		(8,517	)		(8,357	)		(8,042	)		(7,893	)
Retirement of shares and warrants		(19,187	)		(21,972	)		(30,694	)		(82,447	)		(44,789	)		(70,999	)		(71,433	)		(20,538	)
Net foreign currency translation adjustment		(8,571	)		8,346			(11,468	)		(8,600	)		(20,336	)		3,121			(16,152	)		(8,116	)
Other, net		9,389			7,081			11,997			6,510			15,444			6,925			6,795			5,471
Balance, end of period	$	1,175,968		$	1,212,028		$	1,216,813		$	1,171,280		$	1,156,482		$	1,136,345		$	1,096,864		$	1,113,736
Deferred Policy Acquisition Costs Rollforward
Balance, beginning of period	$	1,208,466		$	1,242,983		$	1,293,974		$	1,321,415		$	1,351,180		$	1,377,022		$	1,430,508		$	1,465,175
General expenses deferred		7,273			8,136			7,147			8,171			7,953			8,554			8,396			7,951
Commission costs deferred		69,559			68,674			66,602			67,980			70,389			78,799			79,787			77,810
Amortization of deferred policy acquisition costs		(35,193	)		(32,696	)		(36,944	)		(39,544	)		(36,213	)		(36,383	)		(40,797	)		(44,334	)
Foreign currency impact and other, net		(7,122	)		6,877			(9,363	)		(6,842	)		(16,287	)		2,516			(12,718	)		(6,343	)
Balance, end of period	$	1,242,983		$	1,293,974		$	1,321,415		$	1,351,180		$	1,377,022		$	1,430,508		$	1,465,175		$	1,500,259

(1)  Outstanding common shares exclude restricted stock units.

4 of 16

Financial Results and Other Statistical Data PRIMERICA, INC. Financial Supplement

																											YOY Q4											YOY YTD
(Dollars in thousands, except per-share data)				Q12014			Q22014			Q32014			Q42014			Q12015			Q22015			Q32015			Q42015		Change			%Change		YTD2014			YTD2015			$Change			%Change
Earnings per Share
Basic earnings per share:
	Weighted-average common shares and fully vested equity awards			55,224,404			54,926,561			54,712,874			53,420,998			52,642,881			51,786,679			50,081,730			49,061,165			(4,359,833	)	-8.2	%		54,567,006			50,881,078			(3,685,928	)	-6.8	%
	Net income		$	45,080		$	49,271		$	41,595		$	45,466		$	43,401		$	49,173		$	49,350		$	47,948		$	2,482		5.5	%	$	181,412		$	189,872		$	8,459		4.7	%
	Less income attributable to unvested participating securities			(576	)		(542	)		(447	)		(491	)		(444	)		(366	)		(379	)		(374	)		117		23.8	%		(2,056	)		(1,572	)		484		23.5	%
		Net income used in computing basic EPS	$	44,504		$	48,729		$	41,147		$	44,975		$	42,956		$	48,806		$	48,971		$	47,574		$	2,599		5.8	%	$	179,357		$	188,300		$	8,943		5.0	%
		Basic earnings per share	$	0.81		$	0.89		$	0.75		$	0.84		$	0.82		$	0.94		$	0.98		$	0.97		$	0.13		15.2	%	$	3.29		$	3.70		$	0.41		12.6	%
	Net operating income		$	43,314		$	48,731		$	41,796		$	48,953		$	42,566		$	48,791		$	49,521		$	50,174		$	1,221		2.5	%	$	182,793		$	191,052		$	8,259		4.5	%
	Less operating income attributable to unvested participating securities			(554	)		(536	)		(450	)		(529	)		(436	)		(363	)		(381	)		(392	)		137		26.0	%		(2,072	)		(1,582	)		490		23.6	%
		Net operating income used in computing basic operating EPS	$	42,760		$	48,194		$	41,346		$	48,424		$	42,131		$	48,427		$	49,140		$	49,782		$	1,359		2.8	%	$	180,721		$	189,470		$	8,749		4.8	%
		Basic operating income per share	$	0.77		$	0.88		$	0.76		$	0.91		$	0.80		$	0.94		$	0.98		$	1.01		$	0.11		11.9	%	$	3.31		$	3.72		$	0.41		12.4	%
Diluted earnings per share:
	Weighted-average common shares and fully vested equity awards			55,224,404			54,926,561			54,712,874			53,420,998			52,642,881			51,786,679			50,081,730			49,061,165			(4,359,833	)	-8.2	%		54,567,006			50,881,078			(3,685,928	)	-6.8	%
	Dilutive impact of options			21,997			23,046			30,983			49,455			48,104			25,292			21,792			31,685			(17,770	)	-35.9	%		31,370			31,718			348		1.1	%
		Shares used to calculate diluted EPS		55,246,401			54,949,607			54,743,857			53,470,453			52,690,985			51,811,971			50,103,522			49,092,850			(4,377,603	)	-8.2	%		54,598,376			50,912,796			(3,685,580	)	-6.8	%
	Net income		$	45,080		$	49,271		$	41,595		$	45,466		$	43,401		$	49,173		$	49,350		$	47,948		$	2,482		5.5	%	$	181,412		$	189,872		$	8,459		4.7	%
	Less income attributable to unvested participating securities			(576	)		(542	)		(447	)		(491	)		(444	)		(366	)		(379	)		(374	)		117		23.8	%		(2,055	)		(1,571	)		484		23.5	%
		Net income used in computing diluted EPS	$	44,504		$	48,729		$	41,148		$	44,975		$	42,957		$	48,807		$	48,971		$	47,574		$	2,599		5.8	%	$	179,358		$	188,301		$	8,943		5.0	%
		Diluted earnings per share	$	0.81		$	0.89		$	0.75		$	0.84		$	0.82		$	0.94		$	0.98		$	0.97		$	0.13		15.2	%	$	3.29		$	3.70		$	0.41		12.6	%
	Net operating income		$	43,314		$	48,731		$	41,796		$	48,953		$	42,566		$	48,791		$	49,521		$	50,174		$	1,221		2.5	%	$	182,793		$	191,052		$	8,259		4.5	%
	Less operating income attributable to unvested participating securities			(554	)		(536	)		(449	)		(529	)		(435	)		(363	)		(381	)		(392	)		137		25.9	%		(2,071	)		(1,581	)		490		23.6	%
		Net operating income used in computing diluted operating EPS	$	42,760		$	48,194		$	41,346		$	48,424		$	42,131		$	48,427		$	49,140		$	49,782		$	1,358		2.8	%	$	180,722		$	189,471		$	8,748		4.8	%
		Diluted operating income per share	$	0.77		$	0.88		$	0.76		$	0.91		$	0.80		$	0.93		$	0.98		$	1.01		$	0.11		12.0	%	$	3.31		$	3.72		$	0.41		12.4	%
				Q12014			Q22014			Q32014			Q42014			Q12015			Q22015			Q32015			Q42015		YOY Q4											YOY YTD
																											Change			%Change		YTD2014			YTD2015			$Change			%Change
Annualized Return on Equity
	Average stockholders' equity		$	1,237,780		$	1,278,132		$	1,298,607		$	1,269,804		$	1,242,274		$	1,218,524		$	1,172,153		$	1,146,226		$	(123,578	)	-9.7	%	$	1,271,081		$	1,194,794		$	(76,286	)	-6.0	%
	Average adjusted stockholders' equity		$	1,165,982		$	1,193,998		$	1,214,421		$	1,194,046		$	1,163,881		$	1,146,414		$	1,116,605		$	1,105,300		$	(88,746	)	-7.4	%	$	1,192,112		$	1,133,050		$	(59,062	)	-5.0	%
	Net income return on stockholders' equity			14.6	%		15.4	%		12.8	%		14.3	%		14.0	%		16.1	%		16.8	%		16.7	%		2.4	%	nm			14.3	%		15.9	%		1.6	%	nm
	Net income return on adjusted stockholders' equity			15.5	%		16.5	%		13.7	%		15.2	%		14.9	%		17.2	%		17.7	%		17.4	%		2.1	%	nm			15.2	%		16.8	%		1.5	%	nm
	Net operating income return on adjusted stockholders' equity			14.9	%		16.3	%		13.8	%		16.4	%		14.6	%		17.0	%		17.7	%		18.2	%		1.8	%	nm			15.3	%		16.9	%		1.5	%	nm
Capital Structure
	Debt-to-capital (1)			23.0	%		22.3	%		22.4	%		23.1	%		23.2	%		23.8	%		24.6	%		24.6	%		1.5	%	nm			23.1	%		24.6	%		1.5	%	nm
	Cash and invested assets to stockholders' equity			1.6	x		1.6	x		1.7	x		1.8	x		1.9	x		1.9	x		2.0	x		2.0	x		0.2	x	nm			1.8	x		2.0	x		0.2	x	nm
	Cash and invested assets to adjusted stockholders' equity			1.7	x		1.7	x		1.8	x		1.9	x		2.0	x		2.0	x		2.1	x		2.1	x		0.2	x	nm			1.9	x		2.1	x		0.2	x	nm
	Share count, end of period (2)			54,569,108			54,193,684			53,681,705			52,168,653			51,554,770			50,110,938			48,571,139			48,296,623			(3,872,030	)	-7.4	%		52,168,653			48,296,623			(3,872,030	)	-7.4	%
	Adjusted stockholders' equity per share		$	21.55		$	22.36		$	22.67		$	22.45		$	22.43		$	22.68		$	22.58		$	23.06		$	0.61		2.7	%	$	22.45		$	23.06		$	0.61		2.7	%
Financial Strength Ratings - Primerica Life Insurance Co
	Moody's			A2			A2			A2			A2			A2			A2			A2			A2		nm			nm		nm			nm			nm			nm
	S&P			AA-			AA-			AA-			AA-			AA-			AA-			AA-			AA-		nm			nm		nm			nm			nm			nm
	A.M. Best			A+			A+			A+			A+			A+			A+			A+			A+		nm			nm		nm			nm			nm			nm
Holding Company Senior Debt Ratings
	Moody's			Baa2			Baa2			Baa2			Baa2			Baa2			Baa2			Baa2			Baa2		nm			nm		nm			nm			nm			nm
	S&P			A-			A-			A-			A-			A-			A-			A-			A-		nm			nm		nm			nm			nm			nm
	A.M. Best			a-			a-			a-			a-			a-			a-			a-			a-		nm			nm		nm			nm			nm			nm

(1)	Debt-to-capital is that of the parent company only. Capital in the debt-to-capital ratio includes stockholders' equity and the note payable.
(2)	Share count reflects outstanding common shares, including restricted shares, but excludes restricted stock units (RSUs).

5 of 16

Statements of Income PRIMERICA, INC. Financial Supplement

																									YOY Q4												YOY YTD
(Dollars in thousands)		Q12014			Q22014			Q32014			Q42014			Q12015			Q22015			Q32015			Q42015		$Change			%Change			YTD2014			YTD2015			$Change			%Change
Statement of Income
Revenues:
Direct premiums	$	568,205		$	576,740		$	577,482		$	578,905		$	577,458		$	588,248		$	587,882		$	591,856		$	12,951			2.2	%	$	2,301,332		$	2,345,444		$	44,112			1.9	%
Ceded premiums		(402,715	)		(410,546	)		(402,198	)		(401,358	)		(397,541	)		(406,854	)		(393,987	)		(396,838	)		4,520			1.1	%		(1,616,817	)		(1,595,220	)		21,598			1.3	%
Net premiums		165,490			166,194			175,284			177,546			179,918			181,394			193,895			195,018			17,471			9.8	%		684,515			750,224			65,710			9.6	%
Net investment income		21,599			21,681			20,465			22,728			21,173			19,075			18,715			17,546			(5,183	)		-22.8	%		86,473			76,509			(9,964	)		-11.5	%
Commissions and fees:
Sales-based (1)		57,904			60,255			58,394			61,204			60,035			63,072			56,418			57,859			(3,345	)		-5.5	%		237,758			237,384			(374	)		-0.2	%
Asset-based (2)		53,807			56,114			58,744			57,134			56,837			59,144			58,794			57,144			10		nm				225,799			231,919			6,120			2.7	%
Account-based (3)		9,720			9,957			10,251			10,548			10,452			10,994			11,445			11,605			1,057			10.0	%		40,477			44,497			4,020			9.9	%
Other commissions and fees		5,499			5,713			5,539			6,381			5,511			5,939			5,711			6,185			(196	)		-3.1	%		23,133			23,347			214			0.9	%
Realized investment (losses) gains		263			831			(281	)		(1,074	)		1,284			597			(259	)		(3,361	)		(2,287	)	nm				(261	)		(1,738	)		(1,478	)	nm
Other, net		9,712			9,981			10,444			10,595			9,635			10,301			11,105			12,132			1,537			14.5	%		40,731			43,173			2,442			6.0	%
Total revenues		323,995			330,727			338,840			345,063			344,845			350,517			355,824			354,128			9,065			2.6	%		1,338,624			1,405,315			66,691			5.0	%
Benefits and expenses:
Benefits and claims		75,191			72,412			81,235			82,578			82,500			82,521			88,599			85,694			3,116			3.8	%		311,417			339,315			27,898			9.0	%
Amortization of DAC		35,193			32,696			36,944			39,544			36,213			36,383			40,797			44,334			4,790			12.1	%		144,378			157,727			13,348			9.2	%
Insurance commissions		4,083			3,881			4,046			3,343			3,189			4,145			4,619			4,388			1,045			31.3	%		15,353			16,340			988			6.4	%
Insurance expenses		28,168			27,790			31,149			26,937			34,348			28,744			30,261			29,667			2,730			10.1	%		114,045			123,021			8,976			7.9	%
Sales commissions:
Sales-based (1)		41,563			42,702			41,193			42,749			42,442			44,595			40,036			40,809			(1,941	)		-4.5	%		168,207			167,883			(325	)		-0.2	%
Asset-based (2)		20,725			21,859			23,378			23,011			23,251			24,059			24,374			23,802			790			3.4	%		88,974			95,485			6,511			7.3	%
Other sales commissions		2,833			2,803			2,929			3,029			2,764			2,845			2,991			2,925			(104	)		-3.4	%		11,593			11,525			(68	)		-0.6	%
Interest expense		8,606			8,552			8,712			8,700			8,676			8,642			8,718			7,471			(1,229	)		-14.1	%		34,570			33,507			(1,063	)		-3.1	%
Other operating expenses		40,799			42,291			45,234			46,040			44,652			41,759			40,475			42,644			(3,396	)		-7.4	%		174,364			169,531			(4,834	)		-2.8	%
Total benefits and expenses		257,163			254,986			274,820			275,933			278,036			273,692			280,871			281,735			5,802			2.1	%		1,062,902			1,114,334			51,432			4.8	%
Income from continued operations before income taxes		66,832			75,740			64,020			69,130			66,809			76,825			74,953			72,393			3,264			4.7	%		275,723			290,981			15,259			5.5	%
Income taxes		23,347			26,469			22,407			23,664			23,408			27,653			25,603			24,445			781			3.3	%		95,888			101,110			5,222			5.4	%
Net income from continued operations		43,485			49,271			41,613			45,466			43,401			49,173			49,350			47,948			2,482			5.5	%		179,835			189,872			10,037			5.6	%
Net income from discontinued operations net tax		1,596			—			(18	)		—			—			—			—			—			—		nm				1,578			—			(1,578	)		-100.0	%
Net income	$	45,080		$	49,271		$	41,595		$	45,466		$	43,401		$	49,173		$	49,350		$	47,948		$	2,482			5.5	%	$	181,412		$	189,872		$	8,459			4.7	%
Income from Continued Operations Before Income Taxes by Segment
Term Life	$	35,555		$	43,274		$	34,008		$	39,267		$	36,076		$	44,689		$	46,519		$	45,925		$	6,658			17.0	%	$	152,103		$	173,209		$	21,106			13.9	%
Investment & Savings Products		34,028			36,047			36,904			39,039			35,044			37,746			34,811			38,482			(556	)		-1.4	%		146,017			146,083			66		nm
Corporate & Other Distributed Products		(2,750	)		(3,580	)		(6,892	)		(9,175	)		(4,310	)		(5,610	)		(6,377	)		(12,014	)		(2,838	)		-30.9	%		(22,398	)		(28,311	)		(5,913	)		-26.4	%
Income from continued operations before income taxes	$	66,832		$	75,740		$	64,020		$	69,130		$	66,809		$	76,825		$	74,953		$	72,393		$	3,264			4.7	%	$	275,723		$	290,981		$	15,259			5.5	%

(1)	Sales-based - revenues or commission expenses relating to the sales of mutual funds and variable annuities
(2)	Asset-based - revenues or commission expenses relating to the value of assets in client accounts for which we earn ongoing service, distribution, and other fees
(3)	Account-based - revenues relating to the fee generating client accounts we administer

6 of 16

Reconciliation of Statement of Income Non-GAAP to GAAP Financial Measures PRIMERICA, INC. Financial Supplement

																									YOY Q4												YOY YTD
		Q12014			Q22014			Q32014			Q42014			Q12015			Q22015			Q32015			Q42015		$Change			%Change			YTD2014			YTD2015			$Change			%Change
(Dollars in thousands)
Reconciliation from Term Life Adjusted Direct Premiums to Term Life Direct Premiums
Term Life adjusted direct premiums	$	214,780		$	223,706		$	228,422		$	233,044		$	237,430		$	247,889		$	256,026		$	259,700		$	26,656			11.4	%	$	899,952		$	1,001,045		$	101,094			11.2	%
Premiums ceded to IPO Coinsurers		344,883			344,143			340,170			337,501			331,733			331,984			323,501			324,870			(12,631	)		-3.7	%		1,366,697			1,312,088			(54,609	)		-4.0	%
Term Life direct premiums	$	559,663		$	567,849		$	568,592		$	570,545		$	569,164		$	579,873		$	579,527		$	584,570		$	14,025			2.5	%	$	2,266,649		$	2,313,133		$	46,484			2.1	%
Reconciliation from Term Life Other Ceded Premiums to Term Life Ceded Premiums
Term Life other ceded premiums	$	(55,450	)	$	(63,424	)	$	(59,417	)	$	(60,978	)	$	(63,389	)	$	(72,227	)	$	(67,939	)	$	(69,310	)	$	(8,332	)		-13.7	%	$	(239,268	)	$	(272,864	)	$	(33,596	)		-14.0	%
Premiums ceded to IPO Coinsurers		(344,883	)		(344,143	)		(340,170	)		(337,501	)		(331,733	)		(331,984	)		(323,501	)		(324,870	)		12,631			3.7	%		(1,366,697	)		(1,312,088	)		54,609			4.0	%
Term Life ceded premiums	$	(400,334	)	$	(407,566	)	$	(399,587	)	$	(398,478	)	$	(395,122	)	$	(404,211	)	$	(391,440	)	$	(394,179	)	$	4,299			1.1	%	$	(1,605,965	)	$	(1,584,952	)	$	21,013			1.3	%
Reconciliation from Operating Revenues to Total Revenues
Operating revenues	$	323,732		$	329,895		$	339,121		$	346,137		$	343,560		$	349,920		$	356,083		$	357,489		$	11,352			3.3	%	$	1,338,885		$	1,407,053		$	68,168			5.1	%
Realized investment gains/(losses)		263			831			(281	)		(1,074	)		1,284			597			(259	)		(3,361	)	nm			nm				(261	)		(1,738	)	nm			nm
Total revenues	$	323,995		$	330,727		$	338,840		$	345,063		$	344,845		$	350,517		$	355,824		$	354,128		$	9,065			2.6	%	$	1,338,624		$	1,405,315		$	66,691			5.0	%
Reconciliation from Operating Income Before Income Taxes to Income from Continued Operations Before Income Taxes
Operating income before income taxes	$	66,569		$	74,909		$	64,301		$	74,432		$	65,525		$	76,228		$	75,212		$	75,754		$	1,323			1.8	%	$	280,211		$	292,719		$	12,508			4.5	%
Operating income before income taxes reconciling items:
Realized investment gains/(losses)		263			831			(281	)		(1,074	)		1,284			597			(259	)		(3,361	)	nm			nm				(261	)		(1,738	)	nm			nm
Co-CEOs transition expenses		—			—			—			(4,228	)		—			—			—			—		nm			nm				(4,228	)		—		nm			nm
Total operating income before income taxes reconciling items		263			831			(281	)		(5,302	)		1,284			597			(259	)		(3,361	)	nm			nm				(4,489	)		(1,738	)	nm			nm
Income from continued  operations before income taxes	$	66,832		$	75,740		$	64,020		$	69,130		$	66,809		$	76,825		$	74,953		$	72,393		$	3,264			4.7	%	$	275,723		$	290,981		$	15,259			5.5	%
Reconciliation from Net Operating Income to Net Income
Net operating income	$	43,314		$	48,731		$	41,796		$	48,953		$	42,566		$	48,791		$	49,521		$	50,174		$	1,221			2.5	%	$	182,793		$	191,052		$	8,259			4.5	%
Net operating income reconciling items:
Operating income before income taxes reconciling items		263			831			(281	)		(5,302	)		1,284			597			(259	)		(3,361	)	nm			nm				(4,489	)		(1,738	)	nm			nm
Tax impact of operating income reconciling items at effective tax rate		(92	)		(291	)		98			1,815			(450	)		(215	)		88			1,135		nm			nm				1,531			558		nm			nm
Total net operating income reconciling items		171			541			(183	)		(3,487	)		834			382			(170	)		(2,226	)	nm			nm				(2,958	)		(1,180	)	nm			nm
Net income from continued operations	$	43,485		$	49,271		$	41,613		$	45,466		$	43,401		$	49,173		$	49,350		$	47,948		$	2,482			5.5	%	$	179,835		$	189,872		$	10,037			5.6	%
Net income from discontinued operations net tax		1,596			—			(18	)		—			—			—			—			—		nm			nm				1,578			—		nm			nm
Net income	$	45,080		$	49,271		$	41,595		$	45,466		$	43,401		$	49,173		$	49,350		$	47,948		$	2,482			5.5	%	$	181,412		$	189,872		$	8,459			4.7	%

7 of 16

Segment Operating Results PRIMERICA, INC. Financial Supplement

																									YOY Q4												YOY YTD
(Dollars in thousands)		Q12014			Q22014			Q32014			Q42014			Q12015			Q22015			Q32015			Q42015		$Change			%Change			YTD2014			YTD2015			$Change			%Change
Term Life Insurance
Revenues:
Direct Premiums	$	559,663		$	567,849		$	568,592		$	570,545		$	569,164		$	579,873		$	579,527		$	584,570		$	14,025			2.5	%	$	2,266,649		$	2,313,133		$	46,484			2.1	%
Premiums ceded to IPO coinsurers (1)		(344,883	)		(344,143	)		(340,170	)		(337,501	)		(331,733	)		(331,984	)		(323,501	)		(324,870	)		12,631			3.7	%		(1,366,697	)		(1,312,088	)		54,609			4.0	%
Adjusted direct premiums (2)		214,780			223,706			228,422			233,044			237,430			247,889			256,026			259,700			26,656			11.4	%		899,952			1,001,045			101,094			11.2	%
Other ceded premiums  (3)		(55,450	)		(63,424	)		(59,417	)		(60,978	)		(63,389	)		(72,227	)		(67,939	)		(69,310	)		(8,332	)		-13.7	%		(239,268	)		(272,864	)		(33,596	)		-14.0	%
Net premiums		159,330			160,282			169,005			172,067			174,042			175,662			188,087			190,390			18,323			10.6	%		660,684			728,181			67,498			10.2	%
Allocated net investment income		1,000			1,033			1,142			1,270			1,405			1,436			1,508			1,639			369			29.0	%		4,446			5,987			1,541			34.7	%
Other, net		6,604			6,843			6,991			6,992			6,749			7,291			7,605			8,136			1,144			16.4	%		27,430			29,780			2,350			8.6	%
Operating revenues		166,934			168,159			177,138			180,329			182,195			184,389			197,200			200,165			19,836			11.0	%		692,560			763,949			71,389			10.3	%
Benefits and expenses:
Benefits and claims		71,263			68,287			77,722			78,059			77,990			78,268			83,816			82,158			4,099			5.3	%		295,332			322,232			26,901			9.1	%
Amortization of DAC		32,721			29,778			34,171			36,661			35,017			32,797			37,263			42,903			6,242			17.0	%		133,331			147,980			14,649			11.0	%
Insurance commissions		1,315			929			1,070			690			601			1,382			1,084			1,180			490			71.1	%		4,003			4,247			244			6.1	%
Insurance expenses		26,080			25,891			30,168			25,652			32,511			27,253			28,516			27,999			2,347			9.1	%		107,791			116,280			8,489			7.9	%
Operating benefits and expenses		131,379			124,885			143,130			141,062			146,119			139,700			150,680			154,240			13,178			9.3	%		540,457			590,739			50,282			9.3	%
Operating income before income taxes	$	35,555		$	43,274		$	34,008		$	39,267		$	36,076		$	44,689		$	46,519		$	45,925		$	6,658			17.0	%	$	152,103		$	173,209		$	21,106			13.9	%
Investment & Savings Products
Revenues:
Commissions and fees:
Sales-based	$	57,904		$	60,255		$	58,394		$	61,204		$	60,035		$	63,072		$	56,418		$	57,859		$	(3,345	)		-5.5	%	$	237,758		$	237,384		$	(374	)		-0.2	%
Asset-based		53,807			56,114			58,744			57,134			56,837			59,144			58,794			57,144			10		nm				225,799			231,919			6,120			2.7	%
Account-based		9,720			9,957			10,251			10,548			10,452			10,994			11,445			11,605			1,057			10.0	%		40,477			44,497			4,020			9.9	%
Other, net		1,839			1,821			1,884			2,497			1,751			1,870			2,000			2,799			302			12.1	%		8,040			8,420			380			4.7	%
Operating revenues		123,270			128,147			129,273			131,383			129,074			135,081			128,657			129,408			(1,975	)		-1.5	%		512,073			522,220			10,147			2.0	%
Benefits and expenses:
Amortization of DAC		2,335			2,172			2,484			1,743			1,201			2,901			3,299			552			(1,191	)		-68.4	%		8,734			7,951			(782	)		-9.0	%
Insurance commissions		2,086			2,237			2,290			2,185			1,971			2,182			2,957			2,731			546			25.0	%		8,799			9,841			1,042			11.8	%
Sales commissions:																																								#DIV/0!
Sales-based		41,563			42,702			41,193			42,749			42,442			44,595			40,036			40,809			(1,941	)		-4.5	%		168,207			167,883			(325	)		-0.2	%
Asset-based		20,725			21,859			23,378			23,011			23,251			24,059			24,374			23,802			790			3.4	%		88,974			95,485			6,511			7.3	%
Other operating expenses		22,532			23,131			23,024			22,655			25,166			23,599			23,180			23,032			377			1.7	%		91,342			94,976			3,634			4.0	%
Operating benefits and expenses		89,243			92,100			92,369			92,344			94,031			97,335			93,846			90,925			(1,419	)		-1.5	%		366,056			376,137			10,081			2.8	%
Operating income before income taxes	$	34,028		$	36,047		$	36,904		$	39,039		$	35,044		$	37,746		$	34,811		$	38,482		$	(556	)		-1.4	%	$	146,017		$	146,083		$	66		nm
Corporate & Other Distributed Products
Revenues:
Direct premiums	$	8,542		$	8,892		$	8,890		$	8,360		$	8,295		$	8,376		$	8,355		$	7,286		$	(1,074	)		-12.8	%	$	34,683		$	32,311		$	(2,372	)		-6.8	%
Ceded premiums		(2,381	)		(2,980	)		(2,611	)		(2,880	)		(2,419	)		(2,644	)		(2,547	)		(2,658	)		221			7.7	%		(10,852	)		(10,268	)		584			5.4	%
Net premiums		6,160			5,912			6,279			5,480			5,876			5,732			5,808			4,628			(852	)		-15.6	%		23,831			22,043			(1,788	)		-7.5	%
Allocated net investment income		20,598			20,648			19,323			21,458			19,768			17,640			17,207			15,907			(5,551	)		-25.9	%		82,027			70,522			(11,505	)		-14.0	%
Commissions and fees:
Loans		200			101			78			69			42			43			37			40			(29	)		-41.4	%		447			162			(284	)		-63.7	%
DebtWatchers		385			360			337			316			307			311			303			299			(17	)		-5.3	%		1,398			1,221			(177	)	nm
Prepaid Legal Services		2,339			2,285			2,487			3,225			2,468			2,494			2,527			2,579			(646	)		-20.0	%		10,336			10,067			(269	)		-2.6	%
Auto and Homeowners Insurance		1,719			1,998			1,606			2,032			1,770			2,096			1,841			2,201			169			8.3	%		7,354			7,907			553			7.5	%
Long-Term Care Insurance		521			570			565			550			534			583			558			599			49			8.9	%		2,206			2,274			68			3.1	%
Other sales commissions		337			399			467			188			391			412			445			466			277			147.0	%		1,392			1,714			323			23.2	%
Other, net		1,270			1,317			1,568			1,106			1,135			1,140			1,500			1,197			91			8.2	%		5,261			4,972			(289	)		-5.5	%
Operating revenues		33,528			33,589			32,709			34,425			32,291			30,450			30,227			27,916			(6,509	)		-18.9	%		134,251			120,884			(13,367	)		-10.0	%
Benefits and expenses:
Benefits and claims		3,928			4,125			3,513			4,519			4,510			4,253			4,783			3,536			(983	)		-21.8	%		16,085			17,083			997			6.2	%
Amortization of DAC		137			747			289			1,141			(5	)		685			235			880			(261	)		-22.9	%		2,313			1,795			(518	)		-22.4	%
Insurance commissions		681			715			686			468			617			581			578			477			9			1.9	%		2,550			2,252			(298	)		-11.7	%
Insurance expenses		2,088			1,900			981			1,285			1,837			1,491			1,745			1,668			383			29.8	%		6,254			6,741			487			7.8	%
Sales commissions		2,833			2,803			2,929			3,029			2,764			2,845			2,991			2,925			(104	)		-3.4	%		11,593			11,525			(68	)		-0.6	%
Interest expense		8,606			8,552			8,712			8,700			8,676			8,642			8,718			7,471			(1,229	)		-14.1	%		34,570			33,507			(1,063	)		-3.1	%
Other operating expenses		18,267			19,160			22,210			19,157			19,486			18,160			17,296			19,612			455			2.4	%		78,794			74,554			(4,240	)		-5.4	%
Operating benefits and expenses		36,541			38,001			39,320			38,299			37,885			36,657			36,345			36,569			(1,729	)		-4.5	%		152,160			147,457			(4,703	)		-3.1	%
Operating income before income taxes	$	(3,013	)	$	(4,412	)	$	(6,611	)	$	(3,874	)	$	(5,595	)	$	(6,207	)	$	(6,118	)	$	(8,653	)	$	(4,779	)		-123.4	%	$	(17,909	)	$	(26,573	)	$	(8,664	)		-48.4	%

(1)	Premiums ceded to IPO coinsurers - premiums ceded to IPO coinsurers under the IPO coinsurance transactions excluding any reimbursements from the IPO coinsurers on previously existing reinsurance agreements
(2)	Adjusted direct premiums - direct premiums net of premiums ceded to IPO coinsurers
(3)	Other ceded premiums - premiums ceded to non-IPO coinsurers net of any applicable reimbursements from the IPO coinsurers

8 of 16

Term Life Insurance - Financial Results and Analysis PRIMERICA, INC. Financial Supplement

(Dollars in thousands)																									YOY Q4													YOY YTD
Term Life Insurance Operating Income Before Income Taxes		Q12014			Q22014			Q32014			Q42014			Q12015			Q22015			Q32015			Q42015		$Change				%Change			YTD2014			YTD2015			$Change				%Change
Revenues:
Direct Premiums	$	559,663		$	567,849		$	568,592		$	570,545		$	569,164		$	579,873		$	579,527		$	584,570			$	14,025			2.5	%	$	2,266,649		$	2,313,133			$	46,484			2.1	%
Premiums ceded to IPO coinsurers (1)		(344,883	)		(344,143	)		(340,170	)		(337,501	)		(331,733	)		(331,984	)		(323,501	)		(324,870	)			12,631			3.7	%		(1,366,697	)		(1,312,088	)			54,609			4.0	%
Adjusted direct premiums (2)		214,780			223,706			228,422			233,044			237,430			247,889			256,026			259,700				26,656			11.4	%		899,952			1,001,045				101,094			11.2	%
Other ceded premiums  (3)		(55,450	)		(63,424	)		(59,417	)		(60,978	)		(63,389	)		(72,227	)		(67,939	)		(69,310	)			(8,332	)		-13.7	%		(239,268	)		(272,864	)			(33,596	)		-14.0	%
Net premiums		159,330			160,282			169,005			172,067			174,042			175,662			188,087			190,390				18,323			10.6	%		660,684			728,181				67,498			10.2	%
Allocated net investment income		1,000			1,033			1,142			1,270			1,405			1,436			1,508			1,639				369			29.0	%		4,446			5,987				1,541			34.7	%
Other, net		6,604			6,843			6,991			6,992			6,749			7,291			7,605			8,136				1,144			16.4	%		27,430			29,780				2,350			8.6	%
Operating revenues		166,934			168,159			177,138			180,329			182,195			184,389			197,200			200,165				19,836			11.0	%		692,560			763,949				71,389			10.3	%
Benefits and expenses:
Benefits and claims		71,263			68,287			77,722			78,059			77,990			78,268			83,816			82,158				4,099			5.3	%		295,332			322,232				26,901			9.1	%
Amortization of DAC		32,721			29,778			34,171			36,661			35,017			32,797			37,263			42,903				6,242			17.0	%		133,331			147,980				14,649			11.0	%
Insurance commissions		1,315			929			1,070			690			601			1,382			1,084			1,180				490			71.1	%		4,003			4,247				244			6.1	%
Insurance expenses		26,080			25,891			30,168			25,652			32,511			27,253			28,516			27,999				2,347			9.1	%		107,791			116,280				8,489			7.9	%
Operating benefits and expenses		131,379			124,885			143,130			141,062			146,119			139,700			150,680			154,240				13,178			9.3	%		540,457			590,739				50,282			9.3	%
Operating income before income taxes	$	35,555		$	43,274		$	34,008		$	39,267		$	36,076		$	44,689		$	46,519		$	45,925			$	6,658			17.0	%	$	152,103		$	173,209			$	21,106			13.9	%
Total Term Life Insurance - Financial Analysis
Primary direct premiums (4)	$	130,855		$	139,973		$	145,636		$	150,916		$	156,714		$	167,118		$	177,307		$	180,664			$	29,748			19.7	%	$	567,380		$	681,803			$	114,424			20.2	%
Legacy direct premiums (5)		428,809			427,876			422,956			419,629			412,449			412,754			402,220			403,906				(15,723	)		-3.7	%		1,699,269			1,631,330				(67,939	)		-4.0	%
Total direct premiums	$	559,663		$	567,849		$	568,592		$	570,545		$	569,164		$	579,873		$	579,527		$	584,570			$	14,025			2.5	%	$	2,266,649		$	2,313,133			$	46,484			2.1	%
Premiums ceded to IPO coinsurers	$	344,883		$	344,143		$	340,170		$	337,501		$	331,733		$	331,984		$	323,501		$	324,870			$	(12,631	)		-3.7	%	$	1,366,697		$	1,312,088			$	(54,609	)		-4.0	%
% of Legacy direct premiums		80.4	%		80.4	%		80.4	%		80.4	%		80.4	%		80.4	%		80.4	%		80.4	%	nm				nm				80.4	%		80.4	%	nm				nm
Benefits and claims, net (6)	$	126,713		$	131,711		$	137,139		$	139,037		$	141,379		$	150,494		$	151,755		$	151,468			$	12,431			8.9	%	$	534,600		$	595,097			$	60,497			11.3	%
% of adjusted direct premiums		59.0	%		58.9	%		60.0	%		59.7	%		59.5	%		60.7	%		59.3	%		58.3	%	nm				nm				59.4	%		59.4	%	nm				nm
DAC amortization & insurance commissions	$	34,036		$	30,707		$	35,241		$	37,351		$	35,619		$	34,179		$	38,347		$	44,083			$	6,732			18.0	%	$	137,335		$	152,228			$	14,893			10.8	%
% of adjusted direct premiums		15.8	%		13.7	%		15.4	%		16.0	%		15.0	%		13.8	%		15.0	%		17.0	%	nm				nm				15.3	%		15.2	%	nm				nm
Insurance expenses, net (7)	$	19,476		$	19,047		$	23,177		$	18,660		$	25,762		$	19,962		$	20,912		$	19,863			$	1,203			6.4	%	$	80,361		$	86,499			$	6,138			7.6	%
% of adjusted direct premiums		9.1	%		8.5	%		10.1	%		8.0	%		10.9	%		8.1	%		8.2	%		7.6	%	nm				nm				8.9	%		8.6	%	nm				nm
Total Term Life operating income before income taxes	$	35,555		$	43,274		$	34,008		$	39,267		$	36,076		$	44,689		$	46,519		$	45,925			$	6,658			17.0	%	$	152,103		$	173,209			$	21,106			13.9	%
Term Life operating margin (8)		16.6	%		19.3	%		14.9	%		16.8	%		15.2	%		18.0	%		18.2	%		17.7	%	nm				nm				16.9	%		17.3	%	nm				nm

(1)	Premiums ceded to IPO coinsurers - premiums ceded to IPO coinsurers under the IPO coinsurance transactions excluding any reimbursements from the IPO coinsurers on previously existing reinsurance agreements
(2)	Adjusted direct premiums - direct premiums net of premiums ceded to IPO coinsurers
(3)	Other ceded premiums - premiums ceded to non-IPO coinsurers net of any applicable reimbursements from the IPO coinsurers
(4)	Primary direct premiums - direct premiums not subject to the 2010 IPO coinsurance transactions
(5)	Legacy direct premiums - direct premiums subject to the 2010 IPO coinsurance transactions
(6)	Benefits and claims, net - benefits & claims net of other ceded premiums which are largely YRT
(7)	Insurance expenses, net - insurance expenses net of other net revenues
(8)	Term Life operating margin - Term Life operating income before income taxes as a percentage of adjusted direct premiums

9 of 16

Term Life Insurance - Key Statistics PRIMERICA, INC. Financial Supplement

																									YOY Q4												YOY YTD
(Dollars in thousands, except as noted)		Q12014			Q22014			Q32014			Q42014			Q12015			Q22015			Q32015			Q42015		$Change			%Change			YTD2014			YTD2015			$Change			%Change
Key Statistics
Life-insurance licensed sales force, beginning of period		95,566			95,382			96,596			97,966			98,358			98,145			101,008			104,702			6,736			6.9	%		95,566			98,358			2,792			2.9	%
New life-licensed representatives		7,447			9,082			8,793			8,510			7,486			10,439			11,160			10,547			2,037			23.9	%		33,832			39,632			5,800			17.1	%
Non-renewal and terminated representatives		(7,631	)		(7,868	)		(7,423	)		(8,118	)		(7,699	)		(7,576	)		(7,466	)		(8,539	)		(421	)		-5.2	%		(31,040	)		(31,280	)		(240	)		-0.8	%
Life-insurance licensed sales force, end of period		95,382			96,596			97,966			98,358			98,145			101,008			104,702			106,710			8,352			8.5	%		98,358			106,710			8,352			8.5	%
Estimated annualized issued term life premium ($mills) (1):
Premium from new policies	$	40.1		$	48.0		$	44.7		$	47.0		$	45.1		$	55.3		$	54.5		$	57.4		$	10.4			22.2	%	$	179.8		$	212.4		$	32.6			18.1	%
Additions and increases in premium		12.4			13.0			12.9			13.3			12.8			14.0			13.7			14.4			1.0			7.8	%		51.6			54.9			3.3			6.3	%
Total estimated annualized issued term life premium	$	52.5		$	61.1		$	57.6		$	60.3		$	57.9		$	69.3		$	68.2		$	71.8		$	11.5			19.0	%	$	231.4		$	267.3		$	35.9			15.5	%
Issued term life policies		49,320			59,569			55,146			56,949			55,677			68,097			66,658			69,627			12,678			22.3	%		220,984			260,059			39,075			17.7	%
Estimated average annualized issued term life premium per policy (1)(2)	$	813		$	806		$	810		$	825		$	811		$	813		$	817		$	825		$	(0	)	nm			$	814		$	817		$	3			0.4	%
Term life face amount in-force, beginning of period ($mills)	$	674,868		$	673,078		$	681,978		$	681,178		$	681,927		$	678,517		$	688,163		$	689,316		$	8,139			1.2	%	$	674,868		$	681,927		$	7,059			1.0	%
Issued term life face amount (3)		15,748			18,494			17,337			17,996			17,181			20,585			20,321			21,023			3,027			16.8	%		69,574			79,111			9,536			13.7	%
Terminated term life face amount		(14,160	)		(12,759	)		(13,866	)		(14,177	)		(13,344	)		(12,064	)		(13,659	)		(14,513	)		(336	)		-2.4	%		(54,962	)		(53,580	)		1,382			2.5	%
Foreign currency impact, net		(3,378	)		3,166			(4,272	)		(3,070	)		(7,247	)		1,125			(5,509	)		(2,632	)		437			14.2	%		(7,553	)		(14,263	)		(6,710	)	nm
Term life face amount in-force, end of period	$	673,078		$	681,978		$	681,178		$	681,927		$	678,517		$	688,163		$	689,316		$	693,195		$	11,267			1.7	%	$	681,927		$	693,195		$	11,268			1.7	%

(1)	Estimated annualized issued term life premium - estimated as average premium per $1,000 of face amounts issued on new policies and additions (before free look returns) multiplied by actual face amount issued on new policies, rider additions and face amount increases.
(2)	In whole dollars
(3)	Issued term life face amount - includes face amount on issued term life policies, additional riders added to existing policies, and face increases under increasing benefit riders

10 of 16

Investment and Savings Products - Financial Results and Financial Analysis PRIMERICA, INC. Financial Supplement

(Dollars in thousands, except as noted)																									YOY Q4													YOY YTD
Investment & Savings Products Operating Income Before Income Taxes		Q12014			Q22014			Q32014			Q42014			Q12015			Q22015			Q32015			Q42015		$Change				%Change			YTD2014			YTD2015			$Change				%Change
Revenues:
Commissions and fees:
Sales-based	$	57,904		$	60,255		$	58,394		$	61,204		$	60,035		$	63,072		$	56,418		$	57,859			$	(3,345	)		-5.5	%	$	237,758		$	237,384			$	(374	)		-0.2	%
Asset-based		53,807			56,114			58,744			57,134			56,837			59,144			58,794			57,144				10		nm				225,799			231,919				6,120			2.7	%
Account-based		9,720			9,957			10,251			10,548			10,452			10,994			11,445			11,605				1,057			10.0	%		40,477			44,497				4,020			9.9	%
Other, net		1,839			1,821			1,884			2,497			1,751			1,870			2,000			2,799				302			12.1	%		8,040			8,420				380			4.7	%
Operating revenues		123,270			128,147			129,273			131,383			129,074			135,081			128,657			129,408				(1,975	)		-1.5	%		512,073			522,220				10,147			2.0	%
Benefits and expenses:
Amortization of DAC		2,335			2,172			2,484			1,743			1,201			2,901			3,299			552				(1,191	)		-68.4	%		8,734			7,951				(782	)		-9.0	%
Insurance commissions		2,086			2,237			2,290			2,185			1,971			2,182			2,957			2,731				546			25.0	%		8,799			9,841				1,042			11.8	%
Sales commissions:
Sales-based		41,563			42,702			41,193			42,749			42,442			44,595			40,036			40,809				(1,941	)		-4.5	%		168,207			167,883				(325	)		-0.2	%
Asset-based		20,725			21,859			23,378			23,011			23,251			24,059			24,374			23,802				790			3.4	%		88,974			95,485				6,511			7.3	%
Other operating expenses		22,532			23,131			23,024			22,655			25,166			23,599			23,180			23,032				377			1.7	%		91,342			94,976				3,634			4.0	%
Operating benefits and expenses		89,243			92,100			92,369			92,344			94,031			97,335			93,846			90,925				(1,419	)		-1.5	%		366,056			376,137				10,081			2.8	%
Operating income before income taxes	$	34,028		$	36,047		$	36,904		$	39,039		$	35,044		$	37,746		$	34,811		$	38,482			$	(556	)		-1.4	%	$	146,017		$	146,083			$	66		nm
Financial Analysis
Fees paid based on client asset values (1)	$	4,569		$	4,780		$	4,974		$	4,827		$	4,674		$	4,828		$	4,540		$	4,429			$	(398	)		-8.2	%	$	19,151		$	18,472			$	(679	)		-3.5	%
Fees paid based on fee-generating accounts (2)		2,931			2,978			3,009			3,043			3,172			3,439			3,464			3,483				440			14.5	%		11,961			13,557				1,596			13.3	%
Other operating expenses		15,031			15,372			15,041			14,786			17,320			15,332			15,175			15,120				335			2.3	%		60,230			62,948				2,718			4.5	%
Total other operating expenses	$	22,532		$	23,131		$	23,024		$	22,655		$	25,166		$	23,599		$	23,180		$	23,032			$	377			1.7	%	$	91,342		$	94,976			$	3,634			4.0	%
Sales-based net revenue as % of revenue-generating sales (3)
U.S.		1.33	%		1.37	%		1.43	%		1.46	%		1.36	%		1.34	%		1.38	%		1.38	%	nm				nm				1.40	%		1.37	%	nm				nm
Canada		1.09	%		1.02	%		0.97	%		0.95	%		1.09	%		1.07	%		0.97	%		0.96	%	nm				nm				1.02	%		1.03	%	nm				nm
Total		1.29	%		1.33	%		1.37	%		1.39	%		1.32	%		1.31	%		1.33	%		1.33	%	nm				nm				1.34	%		1.32	%	nm				nm
Asset-based net revenue as % of average asset values (4)
U.S.		0.036	%		0.037	%		0.037	%		0.036	%		0.036	%		0.037	%		0.037	%		0.036	%	nm				nm				0.147	%		0.146	%	nm				nm
Canada		0.127	%		0.126	%		0.123	%		0.127	%		0.134	%		0.118	%		0.111	%		0.146	%	nm				nm				0.503	%		0.508	%	nm				nm
Total		0.053	%		0.054	%		0.054	%		0.053	%		0.053	%		0.051	%		0.049	%		0.054	%	nm				nm				0.213	%		0.207	%	nm				nm
Account-based net revenue per average fee generating account (5)(6)	$	2.62		$	2.67		$	2.75		$	2.83		$	2.70		$	2.68		$	2.81		$	2.85		nm				nm			$	10.88		$	11.04		nm				nm

(1)	Fees paid based on client asset values - administration fees on Canadian Segregated Funds and advisory fees on Managed Accounts that vary directly with client asset values
(2)	Fees paid based on fee-generating accounts - recordkeeping fees that vary with the number of fee-generating accounts
(3)	Sales-based net revenue - commission and fee revenue less commissions paid to the sales force based on product sales activity
(4)	Asset-based net revenue - commission and fee revenue less administration and advisory fees paid to third-party providers and commissions paid to the sales force earned based on product account values including amortization of deferred acquisition costs for segregated funds
(5)	Account-based net revenue - fee revenue less recordkeeping fees paid to third-party providers based on fee-generating accounts
(6)	In whole dollars

11 of 16

Investment and Savings Products - Key Statistics PRIMERICA, INC. Financial Supplement

(Dollars in thousands, except as noted)																									YOY Q4												YOY YTD
Key Statistics		Q12014			Q22014			Q32014			Q42014			Q12015			Q22015			Q32015			Q42015		$Change			%Change			YTD2014			YTD2015			$Change			%Change
																												nm
Product sales ($mills)
U.S. Retail Mutual Funds	$	569.0		$	650.1		$	600.1		$	616.1		$	641.2		$	698.7		$	597.4		$	620.0		$	3.9			0.6	%	$	2,435.2		$	2,557.2		$	122.0			5.0	%
Canada Retail Mutual Funds		252.4			170.9			162.7			188.4			214.5			170.2			158.4			158.7			(29.7	)		-15.8	%		774.3			701.7			(72.7	)		-9.4	%
Indexed Annuities		84.2			84.7			62.0			54.0			73.7			91.2			75.3			80.2			26.2			48.6	%		284.9			320.4			35.5			12.5	%
Variable Annuities and other		365.8			417.1			434.2			469.4			405.0			452.2			404.3			422.2			(47.2	)		-10.1	%		1,686.4			1,683.6			(2.8	)		-0.2	%
Total sales-based revenue generating product sales		1,271.4			1,322.7			1,259.0			1,327.8			1,334.3			1,412.2			1,235.4			1,281.0			(46.8	)		-3.5	%		5,180.9			5,262.9			82.0			1.6	%
Managed Accounts		62.8			65.3			66.3			63.9			66.1			72.2			57.1			51.4			(12.4	)		-19.4	%		258.3			246.9			(11.4	)		-4.4	%
Segregated Funds		76.6			51.1			51.2			64.1			114.4			82.4			74.2			76.1			12.0			18.6	%		243.1			347.1			104.0			42.8	%
Total product sales	$	1,410.8		$	1,439.2		$	1,376.5		$	1,455.8		$	1,514.8		$	1,566.8		$	1,366.8		$	1,408.6		$	(47.2	)		-3.2	%	$	5,682.3		$	5,856.8		$	174.5			3.1	%
Canada Retail Mutual Funds	$	252.4		$	170.9		$	162.7		$	188.4		$	214.5		$	170.2		$	158.4		$	158.7		$	(29.7	)		-15.8	%	$	774.3		$	701.7		$	(72.7	)		-9.4	%
Segregated Funds		76.6			51.1			51.2			64.1			114.4			82.4			74.2			76.1			12.0			18.6	%		243.1			347.1			104.0			42.8	%
Total Canada product sales		329.0			222.0			213.9			252.5			328.8			252.6			232.7			234.8			(17.8	)		-7.0	%		1,017.5			1,048.8			31.3			3.1	%
Total U.S. product sales		1,081.8			1,217.2			1,162.6			1,203.3			1,185.9			1,314.2			1,134.1			1,173.8			(29.5	)		-2.4	%		4,664.8			4,808.1			143.2			3.1	%
Total product sales	$	1,410.8		$	1,439.2		$	1,376.5		$	1,455.8		$	1,514.8		$	1,566.8		$	1,366.8		$	1,408.6		$	(47.2	)		-3.2	%	$	5,682.3		$	5,856.8		$	174.5			3.1	%
Client asset values, beginning of period ($mills)	$	44,990		$	45,839		$	48,008		$	47,399		$	48,656		$	49,195		$	49,372		$	45,848		$	(1,551	)		-3.3	%	$	44,990		$	48,656		$	3,666			8.1	%
Inflows		1,411			1,439			1,377			1,456			1,515			1,567			1,367			1,409			(47	)		-3.2	%		5,682			5,857			175			3.1	%
Outflows (1)		(1,246	)		(1,211	)		(1,206	)		(1,161	)		(1,246	)		(1,267	)		(1,168	)		(1,163	)		(3	)		-0.3	%		(4,823	)		(4,843	)		(20	)		-0.4	%
Net flows		165			228			171			295			269			300			199			245			(50	)	nm				859			1,013			154		nm
Foreign currency impact, net		(321	)		313			(432	)		(309	)		(734	)		122			(581	)		(263	)		46		nm				(748	)		(1,457	)		(709	)	nm
Change in market value, net and other (2)		1,005			1,628			(348	)		1,270			1,004			(245	)		(3,142	)		1,523			253		nm				3,555			(859	)		(4,414	)	nm
Client asset values, end of period	$	45,839		$	48,008		$	47,399		$	48,656		$	49,195		$	49,372		$	45,848		$	47,353		$	(1,303	)		-2.7	%	$	48,656		$	47,353		$	(1,303	)		-2.7	%
Annualized net flows as % of beginning of period asset values		1.5	%		2.0	%		1.4	%		2.5	%		2.2	%		2.4	%		1.6	%		2.1	%		-0.4	%	nm				1.9	%		2.1	%		0.2	%	nm
Average client asset values ($mills)
U.S. Retail Mutual Funds	$	22,797		$	23,458		$	23,945		$	24,363		$	24,787		$	25,099		$	24,208		$	24,008		$	(354	)		-1.5	%	$	23,641		$	24,526		$	885			3.7	%
Canada Retail Mutual Funds		6,045			6,371			6,513			6,265			6,035			6,177			5,808			5,593			(673	)		-10.7	%		6,298			5,903			(395	)		-6.3	%
Managed Accounts		1,095			1,203			1,287			1,369			1,446			1,526			1,532			1,567			198			14.5	%		1,238			1,518			280			22.6	%
Indexed Annuities		839			921			986			1,035			1,089			1,162			1,230			1,296			261			25.2	%		945			1,195			249			26.4	%
Variable Annuities and other		11,839			12,152			12,548			12,748			12,995			13,313			12,980			12,965			217			1.7	%		12,322			13,063			741			6.0	%
Segregated Funds		2,449			2,507			2,547			2,462			2,390			2,381			2,205			2,112			(350	)		-14.2	%		2,491			2,272			(219	)		-8.8	%
Total	$	45,063		$	46,611		$	47,825		$	48,243		$	48,743		$	49,658		$	47,963		$	47,542		$	(701	)		-1.5	%	$	46,936		$	48,477		$	1,541			3.3	%
Canada Retail Mutual Funds	$	6,045		$	6,371		$	6,513		$	6,265		$	6,035		$	6,177		$	5,808		$	5,593		$	(673	)		-10.7	%	$	6,298		$	5,903		$	(395	)		-6.3	%
Segregated Funds		2,449			2,507			2,547			2,462			2,390			2,381			2,205			2,112			(350	)		-14.2	%		2,491			2,272			(219	)		-8.8	%
Total Canada average client assets		8,494			8,878			9,060			8,728			8,425			8,558			8,014			7,705			(1,023	)		-11.7	%		8,790			8,176			(614	)		-7.0	%
Total U.S. average client assets		36,570			37,733			38,766			39,515			40,317			41,100			39,950			39,837			322			0.8	%		38,146			40,301			2,155			5.6	%
Total average client assets	$	45,063		$	46,611		$	47,825		$	48,243		$	48,743		$	49,658		$	47,963		$	47,542		$	(701	)		-1.5	%	$	46,936		$	48,477		$	1,541			3.3	%
Average number of fee-generating accounts (thous) (3)
Recordkeeping and custodial accounts		1,991			2,011			2,026			2,034			2,067			2,165			2,179			2,188			154			7.6	%		2,015			2,150			134			6.7	%
Recordkeeping only accounts		596			604			611			616			628			657			662			664			48			7.8	%		607			653			46			7.6	%
Total		2,587			2,614			2,636			2,651			2,695			2,822			2,841			2,853			202			7.6	%		2,622			2,803			180			6.9	%

(1)	Asset value outflows - include (a) redemptions of assets, (b) sales charges on the inflow sales figures, and (c) the net flow of money market funds sold and redeemed on the company's recordkeeping platform. The redemptions of assets must be estimated for approximately 4% of account values as these figures are not readily available. Actual redemptions as a percentage of account values for similar known account values are used to estimate the unknown redemption values.
(2)	Change in market value, net - market value fluctuations net of fees and expenses
(3)	Fee generating accounts - mutual fund accounts for which we receive recording keeping and/or custodial fees

12 of 16

Investment Portfolio - Summary of Holdings PRIMERICA, INC. Financial Supplement

	As of or for the period ended December 31, 2015
									% of Total						Avg
	Market			Amortized		Unrealized			Market			Amortized			Book			Avg
(Dollars in thousands)	Value			Cost		G/(L)			Value			Cost			Yield			Rating
Investment Portfolio by Asset Class
Cash and cash equivalents	$	152,294		$	152,294	$	-			7.9	%		8.1	%
Fixed Income:
Treasury		28,133			26,580		1,554			1.5	%		1.4	%		2.27	%	AAA
Government		150,704			144,257		6,446			7.8	%		7.6	%		3.85	%	AA-
Tax-Exempt Municipal		3,621			4,042		(421	)		0.2	%		0.2	%		3.07	%	BBB
Corporate		1,195,817			1,171,604		24,213			61.7	%		62.1	%		4.68	%	BBB+
Mortgage-Backed		101,579			95,000		6,579			5.2	%		5.0	%		4.44	%	AAA
Asset-Backed		52,480			52,320		161			2.7	%		2.8	%		1.39	%	AA+
CMBS		99,986			97,666		2,320			5.2	%		5.2	%		3.23	%	AAA
Private		98,707			98,356		350			5.1	%		5.2	%		4.93	%	BBB-
Redeemable Preferred		2,979			3,007		(28	)		0.2	%		0.2	%		16.05	%	BBB
Convertible		2,812			2,569		243			0.1	%		0.1	%		4.92	%	BBB
Total Fixed Income		1,736,817			1,695,401		41,416			89.7	%		89.8	%		4.40	%	A-
Equities:
Perpetual Preferred		16,183			14,966		1,216			0.8	%		0.8	%
Common Stock		19,863			14,771		5,092			1.0	%		0.8	%
Mutual Fund		6,348			4,787		1,562			0.3	%		0.3	%
Other		5,445			5,445		0			0.3	%		0.3	%
Total Equities		47,839			39,969		7,870			2.5	%		2.1	%
Total Invested Assets	$	1,936,950		$	1,887,664	$	49,286			100.0	%		100.0	%
Corporate Portfolio by Sector
Energy	$	142,693		$	147,703	$	(5,010	)		11.9	%		12.6	%
Reits		135,447			132,694		2,752			11.3	%		11.3	%
Consumer Non Cyclical		132,527			126,677		5,850			11.1	%		10.8	%
Banking		126,379			122,590		3,789			10.6	%		10.5	%
Technology		94,268			93,222		1,046			7.9	%		8.0	%
Basic Industry		92,337			95,406		(3,069	)		7.7	%		8.1	%
Electric		88,803			85,681		3,122			7.4	%		7.3	%
Insurance		80,411			75,988		4,423			6.7	%		6.5	%
Communications		72,329			69,192		3,137			6.0	%		5.9	%
Capital Goods		69,637			66,330		3,307			5.8	%		5.7	%
Consumer Cyclical		52,115			50,422		1,694			4.4	%		4.3	%
Transportation		36,877			36,122		755			3.1	%		3.1	%
Brokerage		29,480			28,355		1,126			2.5	%		2.4	%
Finance Companies		12,164			11,532		632			1.0	%		1.0	%
Natural Gas		10,447			9,861		586			0.9	%		0.8	%
Industrial Other		9,817			9,739		78			0.8	%		0.8	%
Financial Other		9,070			9,095		(25	)		0.8	%		0.8	%
Utility Other		1,016			997		19			0.1	%		0.1	%
Total Corporate portfolio	$	1,195,817		$	1,171,604	$	24,213			100.0	%		100.0	%
Fixed-Maturity Securities - Effective Maturity
Effective maturity
< 1 Yr.	$	174,138		$	173,210	$	928			10.0	%		10.2	%		2.69	%
1-2 Yrs.		143,262			139,043		4,219			8.2	%		8.2	%		5.08	%
2-5 Yrs.		661,207			628,272		32,935			38.1	%		37.1	%		4.83	%
5-10 Yrs.		705,957			706,096		(139	)		40.6	%		41.6	%		4.25	%
> 10 Yrs.		52,254			48,780		3,473			3.0	%		2.9	%		5.34	%
Total Fixed Income	$	1,736,817		$	1,695,401	$	41,416			100.0	%		100.0	%		4.40	%
Duration
Fixed Income portfolio duration		4.0	years

Note: Investment Portfolio pages in this Financial Supplement exclude the Held to Maturity asset on our balance sheet       

13 of 16

Investment Portfolio - Quality Ratings As of December 31, 2015 PRIMERICA, INC. Financial Supplement

(Dollars in thousands)
Investment Portfolio Quality Ratings (1)
	Amortized Cost		% of Total
Total Fixed Income portfolio:
Rating
AAA	$	292,169		17.2	%
AA		125,682		7.4	%
A		386,140		22.8	%
BBB		801,732		47.3	%
Below Investment Grade		89,301		5.3	%
NA		377		0.0	%
Total Fixed Income	$	1,695,401		100.0	%
	Amortized Cost		% of Total						Amortized Cost		% of Total
Corporate asset class:						Private asset class:
Rating							Rating
AAA	$	8,045		0.7	%		AAA		$	2,430		2.5	%
AA		53,908		4.6	%		AA			826		0.8	%
A		338,994		28.9	%		A			87,259		88.7	%
BBB		699,996		59.7	%		BBB			7,842		8.0	%
Below Investment Grade		70,483		6.0	%		Below Investment Grade			—		—
NA		179		0.0	%		NA			—		—
Total Corporate	$	1,171,604		100.0	%			Total Private	$	98,356		100.0	%
CMBS asset class:						Mortgage-Backed asset class:
Rating							Rating
AAA	$	93,639		95.9	%		AAA		$	90,076		94.8	%
AA		29		0.0	%		AA			2,101		2.2	%
A		2,301		2.4	%		A			1,610		1.7	%
BBB		454		0.5	%		BBB			1,213		1.3	%
Below Investment Grade		1,243		1.3	%		Below Investment Grade			—		—
NA		—		—			NA			—		—
Total CMBS	$	97,666		100.0	%			Total Mortgage-Backed	$	95,000		100.0	%
Asset-Backed asset class:						Treasury & Government asset classes:
Rating							Rating
AAA	$	37,154		71.0	%		AAA		$	62,686		36.7	%
AA		7,013		13.4	%		AA			60,308		35.3	%
A		7,873		15.0	%		A			33,063		19.4	%
BBB		40		0.1	%		BBB			8,043		4.7	%
Below Investment Grade		240		0.5	%		Below Investment Grade			6,736		3.9	%
NA		—		—			NA			—		—
Total Asset-Backed	$	52,320		100.0	%			Total Treasury & Government	$	170,837		100.0	%
NAIC Designations
1	$	597,591		39.2	%
2		734,586		54.5	%
3		67,435		4.8	%
4		12,324		1.1	%
5		4,279		0.3	%
6		1,505		0.1	%
U.S. Insurer Fixed Income (2)		1,417,721		100.0	%
Other (3)		317,649
Cash and cash equivalents		152,294
Total Invested Assets	$	1,887,664

(1)	Ratings method for split ratings: If by 2 NRSROs, use lower of the two; if by 3 or more NRSROs, use second lowest
(2)	NAIC ratings for our U.S. insurance companies' fixed income portfolios
(3)	Other consists of assets held by our non-life companies, Canadian insurance company, and unrated equities
	Note: Investment Portfolio pages in this Financial Supplement exclude the Held to Maturity asset on our balance sheet.

14 of 16

Investment Portfolio - Supplemental Data and Trends PRIMERICA, INC. Financial Supplement

																									YOY Q4
(Dollars in thousands)		Q12014			Q22014			Q32014			Q42014			Q12015			Q22015			Q32015			Q42015		$Change			%Change
Net Investment Income by Source
Fixed-maturity securities (available-for-sale)	$	21,032		$	20,454		$	20,933		$	22,268		$	19,795		$	19,551		$	18,786		$	19,140			(3,128	)		-14.0	%
Fixed-maturity securities (held-to-maturity)		—			—			1,299			2,183			2,475			2,707			3,772			4,094			1,911		nm
Equity Securities		385			471			450			556			516			503			514			526			(30	)		-5.4	%
Deposit asset underlying 10% reinsurance treaty		953			1,490			(127	)		779			1,672			(116	)		220			(1,294	)		(2,073	)	nm
Policy loans and other invested assets		388			398			367			295			359			337			354			318			23			7.8	%
Cash & cash equivalents		53			68			70			56			43			47			51			87			31			55.4	%
Total investment income		22,811			22,881			22,992			26,137			24,860			23,029			23,697			22,871			(3,266	)		-12.5	%
Investment expenses		1,212			1,200			1,228			1,226			1,212			1,247			1,210			1,231			5			0.4	%
Interest Expense on Surplus Note		—			—			1,299			2,183			2,475			2,707			3,772			4,094			1,911		nm
Net investment income	$	21,599		$	21,681		$	20,465		$	22,728		$	21,173		$	19,075			18,715			17,546			(5,182	)		-22.8	%
Fixed income book yield, end of period		4.87	%		4.76	%		4.62	%		4.61	%		4.53	%		4.51	%		4.54	%		4.40	%		—			—
New money yield		3.61	%		2.55	%		2.29	%		3.04	%		2.47	%		2.57	%		3.39	%		2.26	%		—			—
																									YOY Q4
		Q12014			Q22014			Q32014			Q42014			Q12015			Q22015			Q32015			Q42015		% PtChange
Fixed Income Portfolio Quality Ratings
Rating
AAA		17.1	%		16.7	%		17.2	%		17.4	%		17.3	%		16.6	%		16.0	%		17.2	%		-0.2	%
AA		7.8	%		8.3	%		6.8	%		7.0	%		6.9	%		6.5	%		6.8	%		7.4	%		0.4	%
A		22.8	%		22.1	%		23.0	%		22.4	%		22.4	%		22.6	%		22.1	%		22.8	%		0.3	%
BBB		47.5	%		47.5	%		48.1	%		48.0	%		47.8	%		48.9	%		49.4	%		47.3	%		-0.8	%
Below Investment Grade		4.6	%		4.9	%		4.9	%		5.0	%		5.6	%		5.2	%		5.6	%		5.3	%		0.2	%
NA		0.1	%		0.4	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		-0.0	%
Total Fixed Income		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%	nm
Average rating by amortized cost		A			A			A			A				A		A			A-			A-		na

		As of December 31, 2015									As of December 31, 2015						As of December 31, 2015
		MarketValue			AmortizedCost			CreditRating			MarketValue		AmortizedCost				MarketValue		AmortizedCost
Top 25 Exposures									Foreign Exposure (1)						Government Investments (1)
1	Canada	$	31,550		$	30,079		AAA	Australia		$	52,784	$	52,263	AAA		$	7,747	$	7,749
2	General Electric Co		17,357			16,466		AA+	United Kingdom			47,542		46,723	AA			13,755		13,097
3	Wells Fargo & Co		13,104			12,703		A	Canada			45,439		45,549	A			14,795		14,298
4	National Rural Utilities Cooperative		9,327			7,764		A	Brazil			17,397		19,130	BBB			8,010		8,043
5	Iberdrola SA		9,135			8,472		BBB	Bermuda			16,263		15,960	Below Investment Grade			5,807		6,736
6	National Fuel Gas Co		8,453			8,063		BBB	Switzerland			15,028		15,448	NA			0		0
7	AT&T Inc		7,891			6,967		BBB+	France			14,999		14,492		Total	$	50,113	$	49,924
8	Bank of America Corp		7,698			7,580		A-	Netherlands			14,595		14,293
9	Macquarie Group Ltd		7,665			7,312		BBB	Ireland			13,826		12,999
10	Prudential Financial Inc		7,427			7,160		A	Japan			10,799		10,696	Non-Government Investments (1)
11	TransCanada Corp		7,168			7,130		A-	Germany			9,644		8,601
12	Vale SA		6,945			7,095		BBB	Belgium			9,134		9,247	AAA		$	3,915	$	3,919
13	Ingram Micro Inc		6,890			6,667		BBB-	Sweden			7,469		7,309	AA			17,105		16,577
14	Province of Ontario Canada		6,846			6,226		AA-	Korea Republic Of			6,711		6,388	A			94,195		91,689
15	US Bancorp		6,785			6,380		A+	Mexico			5,965		5,828	BBB			157,140		99,559
16	Republic of Korea		6,711			6,388		AA-	Emerging Markets (2)			14,896		15,001	Below Investment Grade			17,520		75,690
17	Diageo PLC		6,491			6,496		A-	All Other			38,246		38,183	NA			751		752
18	Altria Group Inc		6,191			5,221		BBB+		Total	$	340,739	$	338,110		Total	$	290,625	$	288,186
19	CRH PLC		6,146			5,749		BBB+
20	Intel Corp		6,115			6,038		A+
21	Bunge Ltd		5,911			5,798		BBB
22	Discover Financial Services		5,907			5,176		BBB-
23	International Business Machines		5,854			5,393		AA-
24	Roche Holding AG		5,796			5,440		AA
25	Washington Real Estate Investments		5,791			5,700		BBB
Total		$	215,154		$	203,460
% of total fixed income portfolio			11.1	%		10.8	%

(1)	US$ denominated investments in issuers outside of the United States based on country of risk
(2)	Emerging markets is as defined by MSCI, Inc. which include Chile, India, Peru, Poland and South Africa
		Note: Investment Portfolio pages in this Financial Supplement exclude the Held to Maturity asset on our balance sheet.

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Five-Year Historical Key Statistics PRIMERICA, INC. Financial Supplement

(Dollars in millions)	2011			2012			2013			2014			2015				Q12014			Q22014			Q32014			Q42014			Q12015			Q22015			Q32015			Q42015
Recruits		244,756			191,752			186,251			190,439			228,115			48,306			50,024			49,055			43,054			53,300			60,246			65,945			48,624
Life-insurance licensed sales force, beginning of period		94,850			91,176			92,373			95,566			98,358			95,566			95,382			96,596			97,966			98,358			98,145			101,008			104,702
New life-licensed representatives		33,711			34,425			34,155			33,832			39,632			7,447			9,082			8,793			8,510			7,486			10,439			11,160			10,547
Non-renewal and terminated representatives		(37,385	)		(33,228	)		(30,962	)		(31,040	)		(31,280	)		(7,631	)		(7,868	)		(7,423	)		(8,118	)		(7,699	)		(7,576	)		(7,466	)		(8,539	)
Life-insurance licensed sales force, end of period		91,176			92,373			95,566			98,358			106,710			95,382			96,596			97,966			98,358			98,145			101,008			104,702			106,710
Issued term life policies		237,535			222,558			214,617			220,984			260,059			49,320			59,569			55,146			56,949			55,677			68,097			66,658			69,627
Issued term life face amount	$	73,146		$	68,053		$	67,783		$	69,574		$	79,111		$	15,748		$	18,494		$	17,337		$	17,996		$	17,181		$	20,585		$	20,321		$	21,023
Term life face amount in force, beginning of period	$	656,791		$	664,955		$	670,412		$	674,868		$	681,927		$	674,868		$	673,078		$	681,978		$	681,178		$	681,927		$	678,517		$	688,163		$	689,316
Issued term life face amount		73,146			68,053			67,783			69,574			79,111			15,748			18,494			17,337			17,996			17,181			20,585			20,321			21,023
Terminated term life face amount		(66,951	)		(61,593	)		(57,730	)		(54,962	)		(53,580	)		(14,160	)		(12,759	)		(13,866	)		(14,177	)		(13,344	)		(12,064	)		(13,659	)		(14,513	)
Foreign currency impact, net		1,970			(1,003	)		(5,596	)		(7,553	)		(14,263	)		(3,378	)		3,166			(4,272	)		(3,070	)		(7,247	)		1,125			(5,509	)		(2,632	)
Term life face amount in force, end of period	$	664,955		$	670,412		$	674,868		$	681,927		$	693,195		$	673,078		$	681,978		$	681,178		$	681,927		$	678,517		$	688,163		$	689,316		$	693,195
Estimated annualized issued term life premium
Premium from new policies	$	187.6		$	176.1		$	173.5		$	179.8		$	212.4		$	40.1		$	48.0		$	44.7		$	47.0		$	45.1		$	55.3		$	54.5		$	57.4
Additions and increases in premium		44.9			45.5			48.6			51.6			54.9			12.4			13.0			12.9			13.3			12.8			14.0			13.7			14.4
Total estimated annualized issued term life premium	$	232.5		$	221.5		$	222.1		$	231.4		$	267.3		$	52.5		$	61.1		$	57.6		$	60.3		$	57.9		$	69.3		$	68.2		$	71.8
Investment & Savings product sales	$	4,265.1		$	4,712.2		$	5,208.8		$	5,682.3		$	5,856.8		$	1,410.8		$	1,439.2		$	1,376.5		$	1,455.8		$	1,514.8		$	1,566.8		$	1,366.8		$	1,408.6
Investment & Savings average client asset values	$	34,870		$	35,904		$	41,035		$	46,936		$	48,477		$	45,063		$	46,611		$	47,825		$	48,243		$	48,743		$	49,658		$	47,963		$	47,542

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