Exhibit 99.2

Supplemental Financial Information

Second Quarter 2010

Table of Contents	PRIMERICA, INC.
	Financial Supplement

	Page
Preface, definition of Non-GAAP financial measures	3
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 product segment - financial results, key statistics, and financial analysis	11
Investment portfolio	12-15
Five-year historical key statistics	16

This document may contain forward-looking statements and information. Additional information on factors that could cause results to differ materially from any forward looking statements or information in this document is available in our Registration Statement on Form S-1, originally filed with the U.S. Securities and Exchange Commission (SEC) on November 5, 2009, as amended through March 31, 2010 and as updated in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2010.

Preface	PRIMERICA, INC.
	Financial Supplement

SECOND QUARTER 2010

This document is a financial supplement to our second quarter 2010 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 two different purposes, as follows:

• Operating adjustments exclude the impact of realized investment gains and losses and, in the 2^nd quarter of 2010, also exclude the expense associated with equity awards granted in connection with our initial public offering (IPO). For periods ending prior to April 1, 2010, operating adjustments reflect the impact of our reinsurance and reorganization activities as if they had occurred at the beginning of the respective calendar year.

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

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.

The following transactions were executed in conjunction with our IPO in March and April 2010 (the “IPO-related Transactions”) and are included in our actual and/or operating results as appropriate.

IPO-related Transactions executed in first quarter 2010:

• On March 31, 2010, we reinsured between 80% and 90% of our business that was in-force at year-end 2009 to various affiliates of Citigroup Inc. (“Citi”) and declared extraordinary dividends to Citi.

IPO-related Transactions executed in second quarter 2010:

• On April 1, 2010, Citi contributed the legal entities comprising our business to us. We issued approximately 75.0 million shares of common stock and warrants exercisable for approximately 4.1 million additional shares of our common stock to Citi. Additionally, we issued a $300 million note to Citi, due March 31, 2015 and bearing interest at 5.5% annually.

• On April 1, 2010, our common stock began trading under the ticker symbol “PRI” on the New York Stock Exchange.

• On April 1, 2010, Citi sold approximately 24.6 million shares of our common stock (after giving effect to the over-allotment option) to the public in the IPO.

• On April 1, 2010, Citi contributed approximately 5.0 million shares back to us, which we granted in the form of equity awards to certain of our management and sales force leaders. Of these, approximately 200,000 shares were granted to replace unvested Citi awards.

• On April 15, 2010, Citi sold approximately 16.4 million shares and the warrants to purchase approximately 4.1 million additional shares of our common stock to private equity funds managed by Warburg Pincus LLC (“Warburg Pincus”) for a purchase price of $230.0 million (the “private equity transaction”). Following the IPO and the private equity transaction, certain historical Citi equity awards immediately vested.

• Effective as of April 1, 2010, we made elections under Section 338(h)(10) of the Internal Revenue Code, which resulted in changes to our deferred tax balances and reduced stockholders’ equity.

• Prior to April 8, 2010, our federal income tax return was consolidated into Citi’s federal income tax return. In anticipation of our corporate reorganization, we entered into a tax separation agreement with Citi and prepaid our estimated tax liability through March 31, 2010. In accordance with the tax separation agreement, Citi will indemnify the Company and its subsidiaries against any federal, state or local income tax liability for any taxable period ending on or before April 7, 2010, the closing date of the Offering. Our advance tax payments paid to Citi exceeded our actual tax liabilities. As a result, we recorded the overpayment as a return of capital resulting in a reduction of tax assets and a reduction of stockholders’ equity.

Certain items throughout this supplement may not add due to rounding. 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.

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

(Dollars in thousands)	Mar 31, 2009			Jun 30, 2009			Sep 30, 2009			Dec 31, 2009			(2) Mar 31, 2010			(3) Jun 30, 2010
Balance Sheets
Assets:
Investments and cash	$	5,866,133		$	6,360,019		$	6,888,696		$	7,096,708		$	3,002,900		$	2,275,564
Due from reinsurers		833,696			837,726			849,665			867,242			3,595,239			3,603,532
Deferred policy acquisition costs		2,718,724			2,757,143			2,797,269			2,789,905			702,429			745,322
Income taxes		—			—			—			—			56,114			—
Other assets		409,095			406,318			402,836			380,584			394,542			393,893
Separate account assets		1,536,367			1,766,928			2,033,119			2,093,342			2,222,267			2,098,936
Total assets	$	11,364,015		$	12,128,134		$	12,971,585		$	13,227,781		$	9,973,491		$	9,117,247
Liabilities:
Future policy benefits	$	4,038,781		$	4,100,628		$	4,161,925		$	4,197,454		$	4,248,277		$	4,286,258
Other policy liabilities		570,327			574,991			597,617			604,343			630,294			608,307
Income taxes		647,037			740,985			873,367			890,617			—			129,776
Other liabilities		335,639			358,927			374,251			498,252			1,125,954			376,374
Note payable		—			—			—			—			—			300,000
Separate account liabilities		1,536,367			1,766,928			2,033,119			2,093,342			2,222,267			2,098,936
Total liabilities		7,128,151			7,542,459			8,040,279			8,284,008			8,226,792			7,799,651
Stockholders’ equity:
Common stock (1)		—			—			—			—			—			727
Paid-in capital		1,086,861			1,095,756			1,097,843			1,124,096			1,312,072			870,706
Retained earnings		3,447,196			3,565,166			3,683,697			3,648,801			300,531			304,075
Treasury stock		—			—			—			—			—			—
Accumulated other comprehensive income (loss), net:
Net unrealized investment gains (losses) not other-than-temporarily impaired		(268,721	)		(67,583	)		134,720			146,105			85,265			97,505
Net unrealized investment losses other-than-temporarily impaired		(17,174	)		(16,521	)		(17,966	)		(16,120	)		(4,245	)		(3,703	)
Cumulative translation adjustment		(12,298	)		8,857			33,012			40,891			53,076			48,286
Total stockholders’ equity		4,235,864			4,585,675			4,931,306			4,943,773			1,746,699			1,317,596
Total liabilities and stockholders’ equity	$	11,364,015		$	12,128,134		$	12,971,585		$	13,227,781		$	9,973,491		$	9,117,247
Reconciliation of Adjusted Stockholders’ Equity to Total Stockholders’ Equity
Adjusted stockholders’ equity	$	4,521,759		$	4,669,779		$	4,814,552		$	4,813,788		$	1,665,679		$	1,223,794
Reconciling items:
Net unrealized investment gains (losses) not other-than-temporarily impaired		(268,721	)		(67,583	)		134,720			146,105			85,265			97,505
Net unrealized investment losses other-than-temporarily impaired		(17,174	)		(16,521	)		(17,966	)		(16,120	)		(4,245	)		(3,703	)
Total reconciling items		(285,895	)		(84,104	)		116,754			129,985			81,020			93,802
Total stockholders’ equity	$	4,235,864		$	4,585,675		$	4,931,306		$	4,943,773		$	1,746,699		$	1,317,596
Deferred Policy Acquisition Costs Rollforward
Balance, beginning of period	$	2,727,422		$	2,718,724		$	2,757,143		$	2,797,269		$	2,789,905		$	702,429
General expenses deferred		13,416			14,563			21,006			15,552			16,095			15,061
Commission costs deferred		79,506			87,314			83,228			76,496			77,208			56,831
Amortization of deferred policy acquisition costs		(94,814	)		(86,234	)		(88,736	)		(111,506	)		(91,756	)		(22,899	)
Transferred to reinsurers		—			—			—			—			(2,099,941	)		—
Foreign currency impact and other, net		(6,806	)		22,777			24,629			12,094			10,918			(6,100	)
Balance, end of period	$	2,718,724		$	2,757,143		$	2,797,269		$	2,789,905		$	702,429		$	745,322

(1) Common stock reflects $.01 par value. Outstanding common shares excludes restricted stock units.

(2) The balance sheet as of March 31, 2010 reflects the impact of the Citi reinsurance transactions executed on March 31, 2010. The Citi reinsurance transactions were given retroactive effect to January 1, 2010. As a result, the first quarter 2010 balance sheet includes a return of capital to Citi equally offsetting the income attributable to the underlying policies earned between January 1, 2010 and March 31, 2010. The first quarter 2010 balance sheet also reflects the extraordinary dividends declared on March 31, 2010.

(3) The balance sheet as of June 30, 2010 reflects the issuance of a $300.0 million note to Citi, a $177.3 million reduction to stockholders’ equity and corresponding changes in deferred tax balances as a result of the 338(h)(10) elections, and a $14.9 million reduction in stockholders’ equity as a result of reflecting our overpayment of estimated taxes to Citi as a return of capital.

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

(Dollars in thousands, except per-share data)	Q1 2009	Q2 2009	Q3 2009	Q4 2009	Q1 2010	Q2 2010
Earnings per Share
Basic earnings per share:
Weighted average common shares and fully vested equity awards	na	na	na	na	na		71,843,588
Net income	na	na	na	na	na	$	22,008
Less income attributable to unvested equity awards	na	na	na	na	na		(928	)
Net income used in computing basic EPS	na	na	na	na	na	$	21,080
Basic earnings per share	na	na	na	na	na	$	0.29
Net operating income	na	na	na	na	na	$	37,199
Less operating income attributable to unvested equity awards	na	na	na	na	na		(1,569	)
Net operating income used in computing basic operating EPS	na	na	na	na	na	$	35,631
Basic net operating income per share	na	na	na	na	na	$	0.50
Diluted earnings per share:
Weighted average common shares and fully vested equity awards	na	na	na	na	na		71,843,588
Diluted impact of warrants	na	na	na	na	na		890,777
Shares used to calculate diluted EPS	na	na	na	na	na		72,734,365
Net income	na	na	na	na	na	$	22,008
Less income attributable to unvested equity awards	na	na	na	na	na		(917	)
Net income used in computing diluted EPS	na	na	na	na	na	$	21,091
Diluted earnings per share	na	na	na	na	na	$	0.29
Net operating income	na	na	na	na	na	$	37,199
Less operating income attributable to unvested equity awards	na	na	na	na	na		(1,550	)
Net operating income used in computing diluted operating EPS	na	na	na	na	na	$	35,649
Diluted net operating income per share	na	na	na	na	na	$	0.49

In April 2010, Primerica issued shares, warrants, and equity awards to complete the transactions related to our corporate reorganization. Both the vested and unvested equity awards maintain nonforfeitable dividend rights that result in dividend payment obligations on a one-to-one ratio with common shares for any future dividend declarations. These awards are deemed participating securities for calculating EPS.

As a result of issuing equity awards that are deemed participating securities, we calculate EPS using the two-class method. Under the two-class method, we allocate earnings to common shares and to fully vested equity awards. Earnings attributable to unvested equity awards, along with the corresponding share counts, are excluded from EPS reflected on our consolidated statements of income. In calculating basic EPS, we deduct any dividends on and undistributed earnings allocated to unvested equity awards from net income and then divide the result by the weighted average number of common shares and fully vested equity awards outstanding for the period.

We determine the potential dilutive effect of warrants on EPS using the treasury-stock method. Under this method, we utilize the exercise price to determine the amount of cash that would be available to repurchase shares if the warrants were exercised. We then use the average market price of our common shares during the reporting period to determine how many shares we could repurchase with the cash raised from the exercise. The net incremental share count issued represents the potential dilutive securities. We then reallocate earnings to common shares and fully vested equity awards incorporating the increased, fully diluted share count to determine diluted EPS.

	Q1 2009	Q2 2009	Q3 2009	Q4 2009	Q1 2010	Q2 2010
Annualized Return on Equity
Average stockholders’ equity (1)	na	na	na	na	na	$	1,296,220
Average adjusted stockholders’ equity (1)	na	na	na	na	na	$	1,208,809
Net income return on stockholders’ equity	na	na	na	na	na		6.8	%
Net income return on adjusted stockholders’ equity	na	na	na	na	na		7.3	%
Net operating income return on adjusted stockholders’ equity	na	na	na	na	na		12.3	%
Capital Structure
Debt-to-capital (2)	na	na	na	na	na		18.5	%
Cash and invested assets to stockholders’ equity	na	na	na	na	na		1.7
Cash and invested assets to adjusted stockholders’ equity	na	na	na	na	na		1.9
Adjusted stockholders’ equity per share (3)	na	na	na	na	na	$	16.83
Financial Strength Ratings
Primerica Life Insurance Company:
S&P	AA	AA	AA	AA	AA		AA-
A.M. Best	A+	A+	A+	A+	A+		A+
Fitch	A+	A+	A+	A+	A+		A+

(1) The reinsurance agreements executed on March 31, 2010 and the dividends declared to Citi had a material impact on first quarter 2010 period-end stockholders’ equity, but only impacted one day in determining first quarter 2010 average stockholders’ equity and average adjusted stockholders’ equity.

(2) Capital in the debt-to-capital ratio includes stockholders’ equity and the note payable.

(3) The share count used in the computation reflects outstanding common shares, including restricted shares, but excludes restricted stock units (RSUs). The RSUs will deliver common shares in the future as the restrictions lift. The shares underlying these RSUs were contributed by Citi concurrent with our IPO and were subsequently retired.

Statements of Income	PRIMERICA, INC.
	Financial Supplement

(Dollars in thousands)	Q1 2009			Q2 2009			Q3 2009			Q4 2009			Q1 2010			(4) Q2 2010
Statement of Income
Revenues:
Direct premiums	$	516,647		$	529,004		$	531,713		$	535,417		$	537,845		$	547,455
Ceded premiums		(137,609	)		(158,401	)		(154,725	)		(160,019	)		(148,119	)		(447,213	)
Net premiums		379,038			370,603			376,987			375,399			389,726			100,242
Net investment income		82,385			89,755			88,736			90,450			82,576			27,991
Commissions and fees:
Sales-based (1)		28,203			29,451			28,672			32,472			36,363			36,301
Asset-based (2)		27,555			29,718			33,344			36,964			38,014			39,445
Account-based (3)		11,089			10,784			10,717			10,657			10,208			10,317
Other commissions and fees		12,870			12,737			11,546			9,208			7,105			7,162
Realized investment (losses) gains		(11,259	)		(9,003	)		(11,212	)		9,503			31,057			374
Other, net		12,955			13,542			12,586			13,948			11,893			12,466
Total revenues		542,837			547,587			551,376			578,602			606,942			234,299
Benefits and expenses:
Benefits and claims		145,749			151,444			154,631			148,448			170,735			45,124
Amortization of deferred policy acquisition costs		94,814			86,234			88,736			111,506			91,756			22,899
Insurance commissions		14,620			6,396			6,384			6,988			6,371			4,233
Insurance expenses		40,088			36,203			39,480			32,989			37,529			10,083
Sales commissions:
Sales-based (1)		21,106			21,555			20,780			23,470			26,203			25,998
Asset-based (2)		9,430			9,533			10,883			12,157			12,715			12,911
Other sales commissions		9,653			9,301			8,513			6,374			4,963			4,603
Interest expense		—			—			—			—			—			6,928
Other operating expenses		32,601			28,587			34,092			37,698			36,268			65,183
Total benefits and expenses		368,062			349,253			363,502			379,630			386,541			197,961
Income before income taxes		174,775			198,334			187,875			198,972			220,402			36,338
Income taxes		62,218			66,214			64,044			72,890			77,116			14,330
Net income	$	112,557		$	132,120		$	123,831		$	126,082		$	143,286		$	22,008
Income Before Income Taxes by Segment
Term Life	$	162,150		$	171,865		$	168,605		$	156,391		$	160,367		$	44,095
Investment & Savings Products		20,371			20,717			26,221			26,096			25,447			26,735
Corporate & Other Distributed Products		(7,746	)		5,751			(6,951	)		16,485			34,587			(34,492	)
Income before income taxes	$	174,775		$	198,334		$	187,875		$	198,972		$	220,402		$	36,338

(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

(4) Second quarter 2010 reflects the full effect of the reinsurance and reorganization transactions we executed in connection with our IPO. As such, ceded premiums, net investment income, benefits and claims, amortization of DAC, insurance expenses, interest expense, and other operating expenses reflect the impact of the various Citi reinsurance agreements, dividends, the note payable to Citi, and the equity grants made in connection with our IPO.

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

																			YOY Q2											YOY YTD
(Dollars in thousands)	Q1 2009			Q2 2009			Q3 2009			Q4 2009			Q1 2010			Q2 2010			$ Change			% Change		YTD 2009			YTD 2010			$ Change			% Change
Reconciliation from Operating Revenues to Total Revenues
Operating revenues	$	211,734		$	226,783		$	236,734		$	250,103		$	224,822		$	233,925		$	7,142		3.1	%	$	438,518		$	458,747		$	20,229		4.6	%
Operating revenues reconciling items:
Realized investment gains/losses		(11,259	)		(9,003	)		(11,212	)		9,503			31,057			374			nm		nm			(20,261	)		31,431			nm		nm
Ceded premiums - ceded to Citi reinsurers		287,755			270,259			266,990			259,032			296,328			—			nm		nm			558,014			296,328			nm		nm
Pro rata net investment income - assets transferred to Citi reinsurers		54,607			59,547			58,864			59,963			54,735			—			nm		nm			114,154			54,735			nm		nm
Total operating revenues reconciling items		331,103			320,803			314,642			328,498			382,121			374			nm		nm			651,906			382,495			nm		nm
Total revenues	$	542,837		$	547,587		$	551,376		$	578,602		$	606,942		$	234,299		$	(313,288	)	-57.2	%	$	1,090,424		$	841,241		$	(249,182	)	-22.9	%
Reconciliation from Operating Income Before Income Taxes to Income Before Income Taxes
Operating income before income taxes	$	45,179		$	68,219		$	62,579		$	67,293		$	58,689		$	61,421		$	(6,798	)	-10.0	%	$	113,398		$	120,109		$	6,711		5.9	%
Operating income before income taxes reconciling items:
Realized investment gains/losses		(11,259	)		(9,003	)		(11,212	)		9,503			31,057			374			nm		nm			(20,261	)		31,431			nm		nm
Initial & accelerated management / field grant expense		—			—			—			—			—			(25,457	)		nm		nm			—			(25,457	)		nm		nm
Ceded premiums - ceded to Citi reinsurers		287,755			270,259			266,990			259,032			296,328			—			nm		nm			558,014			296,328			nm		nm
Pro rata net investment income - assets transferred to Citi reinsurers		54,607			59,547			58,864			59,963			54,735			—			nm		nm			114,154			54,735			nm		nm
Benefits and claims - ceded to Citi reinsurers		(109,112	)		(108,383	)		(107,166	)		(99,325	)		(128,204	)		—			nm		nm			(217,495	)		(128,204	)		nm		nm
Amortization of DAC - ceded to Citi reinsurers		(73,073	)		(63,860	)		(63,631	)		(79,167	)		(71,389	)		—			nm		nm			(136,933	)		(71,389	)		nm		nm
Insurance commissions - expense allowance received from Citi reinsurers		(1,180	)		(1,409	)		(1,450	)		(1,484	)		(1,669	)		—			nm		nm			(2,589	)		(1,669	)		nm		nm
Insurance expenses - expense allowance received from Citi reinsurers		(24,864	)		(23,862	)		(23,756	)		(24,133	)		(26,083	)		—			nm		nm			(48,726	)		(26,083	)		nm		nm
Interest expense - finance charge payable to Citi reinsurer		2,597			2,700			2,532			3,164			2,812			—			nm		nm			5,297			2,812			nm		nm
Interest expense - note payable		4,125			4,125			4,125			4,125			4,125			—			nm		nm			8,250			4,125			nm		nm
Total operating income before income taxes reconciling items		129,596			130,115			125,296			131,678			161,713			(25,083	)		nm		nm			259,711			136,630			nm		nm
Income before income taxes	$	174,775		$	198,334		$	187,875		$	198,972		$	220,402		$	36,338		$	(161,996	)	-81.7	%	$	373,109		$	256,740		$	(116,369	)	-31.2	%
Reconciliation from Net Operating Income to Net Income
Net operating income	$	29,096		$	45,444		$	41,247		$	42,641		$	38,154		$	37,199		$	(8,244	)	-18.1	%	$	74,540		$	75,353		$	814		1.1	%
Net operating income reconciling items:
Operating income before income taxes reconciling items		129,596			130,115			125,296			131,678			161,713			(25,083	)		nm		nm			259,711			136,630			nm		nm
Tax impact of operating income reconciling items at effective tax rate		(46,135	)		(43,439	)		(42,711	)		(48,238	)		(56,582	)		9,891			nm		nm			(89,574	)		(46,690	)		nm		nm
Total net operating income reconciling items		83,461			86,676			82,584			83,440			105,131			(15,191	)		nm		nm			170,137			89,940			nm		nm
Net income	$	112,557		$	132,120		$	123,831		$	126,082		$	143,286		$	22,008		$	(110,112	)	-83.3	%	$	244,677		$	165,294		$	(79,383	)	-32.4	%

Segment Operating Results	PRIMERICA, INC.
	Financial Supplement

	Q1 2009			Q2 2009			Q3 2009			Q4 2009			Q1 2010			Q2 2010			YOY Q2					YTD 2009			YTD 2010			YOY YTD
(Dollars in thousands)																			$ Change			% Change								$ Change			% Change
Term Life Insurance
Revenues:
Direct premiums	$	496,683		$	507,376		$	510,695		$	516,234		$	517,932		$	527,792		$	20,416		4.0	%	$	1,004,059		$	1,045,724		$	41,664		4.1	%
Ceded premiums		(422,006	)		(425,341	)		(418,216	)		(415,263	)		(440,699	)		(444,008	)		(18,667	)	-4.4	%		(847,348	)		(884,707	)		(37,359	)	-4.4	%
Net premiums		74,677			82,035			92,479			100,970			77,233			83,784			1,749		2.1	%		156,712			161,017			4,305		2.7	%
Allocated net investment income(1)		17,678			18,282			16,673			15,669			16,497			15,961			(2,321	)	-12.7	%		35,960			32,458			(3,503	)	-9.7	%
Other, net		8,615			7,611			8,939			8,490			8,782			8,643			1,032		13.6	%		16,226			17,425			1,199		7.4	%
Operating revenues		100,970			107,928			118,091			125,130			102,511			108,388			461		nm			208,898			210,900			2,001		nm
Benefits and expenses:
Benefits and claims		26,614			31,437			37,032			39,968			32,905			35,134			3,697		11.8	%		58,051			68,039			9,988		17.2	%
Amortization of deferred policy acquisition costs		19,439			20,506			23,003			28,984			17,418			19,128			(1,377	)	-6.7	%		39,945			36,547			(3,398	)	-8.5	%
Insurance commissions		8,876			660			336			2,220			456			404			(256	)	-38.7	%		9,535			860			(8,676	)	-91.0	%
Insurance expenses		11,639			8,848			12,132			5,504			8,687			6,824			(2,024	)	-22.9	%		20,487			15,511			(4,977	)	-24.3	%
Interest expense		2,597			2,700			2,532			3,164			2,812			2,803			103		3.8	%		5,297			5,615			318		6.0	%
Operating benefits and expenses		69,165			64,150			75,036			79,840			62,278			64,293			143		nm			133,316			126,571			(6,745	)	-5.1	%
Operating income before income taxes	$	31,805		$	43,777		$	43,055		$	45,290		$	40,234		$	44,095		$	318		nm		$	75,582		$	84,328		$	8,746		11.6	%
Investment & Savings Products
Revenues:
Commissions and fees:
Sales-based	$	28,203		$	29,451		$	28,672		$	32,472		$	36,363		$	36,301		$	6,850		23.3	%	$	57,654		$	72,664		$	15,010		26.0	%
Asset-based		27,555			29,718			33,344			36,964			38,014			39,445			9,727		32.7	%		57,273			77,459			20,186		35.2	%
Account-based		11,089			10,784			10,717			10,657			10,208			10,317			(466	)	-4.3	%		21,873			20,526			(1,348	)	-6.2	%
Other, net		2,437			2,536			2,682			2,858			2,108			2,155			(381	)	-15.0	%		4,973			4,263			(710	)	-14.3	%
Operating revenues		69,285			72,488			75,415			82,952			86,693			88,218			15,730		21.7	%		141,773			174,911			33,138		23.4	%
Benefits and expenses:
Amortization of deferred policy acquisition costs		1,936			1,508			1,304			2,506			2,549			3,029			1,521		100.8	%		3,444			5,578			2,134		62.0	%
Insurance commissions		1,737			1,482			1,766			1,845			1,809			1,989			507		34.2	%		3,219			3,798			579		18.0	%
Sales commissions:
Sales-based		21,106			21,555			20,780			23,470			26,203			25,998			4,442		20.6	%		42,662			52,201			9,539		22.4	%
Asset-based		9,430			9,533			10,883			12,157			12,715			12,911			3,379		35.4	%		18,963			25,626			6,664		35.1	%
Other operating expenses		14,705			17,693			14,461			16,878			17,970			17,556			(137	)	nm			32,398			35,527			3,129		9.7	%
Operating benefits and expenses		48,914			51,771			49,194			56,856			61,246			61,483			9,712		18.8	%		100,685			122,729			22,044		21.9	%
Operating income before income taxes	$	20,371		$	20,717		$	26,221		$	26,096		$	25,447		$	26,735		$	6,018		29.0	%	$	41,088		$	52,182		$	11,094		27.0	%
Corporate & Other Distributed Products
Revenues:
Direct premiums	$	19,964		$	21,628		$	21,018		$	19,184		$	19,913		$	19,663		$	(1,965	)	-9.1	%	$	41,592		$	39,577		$	(2,016	)	-4.8	%
Ceded premiums		(3,357	)		(3,319	)		(3,499	)		(3,787	)		(3,748	)		(3,206	)		113		3.4	%		(6,677	)		(6,954	)		(277	)	-4.2	%
Net premiums		16,606			18,309			17,518			15,396			16,165			16,458			(1,851	)	-10.1	%		34,916			32,623			(2,293	)	-6.6	%
Allocated net investment income(1)		10,100			11,926			13,199			14,818			11,344			12,030			104		nm			22,026			23,374			1,348		6.1	%
Commissions and fees:
Loans		8,832			8,685			7,401			4,738			2,455			1,918			(6,767	)	-77.9	%		17,518			4,373			(13,144	)	-75.0	%
DebtWatchers		—			1			120			386			620			779			778		nm			1			1,399			1,398		nm
Prepaid Legal Services		2,438			2,338			2,323			2,316			2,340			2,305			(33	)	-1.4	%		4,776			4,645			(131	)	-2.7	%
Auto and Homeowners Insurance		844			994			994			1,104			1,012			1,372			379		38.1	%		1,838			2,384			546		29.7	%
Long-Term Care Insurance		755			719			709			664			679			788			69		9.6	%		1,474			1,466			(7	)	nm
Other, net		1,903			3,395			964			2,600			1,004			1,668			(1,728	)	-50.9	%		5,298			2,671			(2,627	)	-49.6	%
Operating revenues		41,479			46,367			43,228			42,022			35,618			37,318			(9,050	)	-19.5	%		87,846			72,935			(14,911	)	-17.0	%
Benefits and expenses:
Benefits and claims		10,023			11,625			10,433			9,155			9,626			9,991			(1,634	)	-14.1	%		21,648			19,617			(2,031	)	-9.4	%
Amortization of deferred policy acquisition costs		366			360			798			849			400			742			382		105.9	%		727			1,142			415		57.1	%
Insurance commissions		2,827			2,845			2,832			1,439			2,438			1,838			(1,007	)	-35.4	%		5,672			4,276			(1,396	)	-24.6	%
Insurance expenses		3,585			3,493			3,592			3,352			2,759			3,259			(234	)	-6.7	%		7,078			6,018			(1,060	)	-15.0	%
Sales commissions		9,653			9,301			8,513			6,374			4,963			4,603			(4,698	)	-50.5	%		18,954			9,566			(9,388	)	-49.5	%
Interest expense		4,125			4,125			4,125			4,125			4,125			4,125			—		nm			8,250			8,250			—		nm
Other operating expenses		17,896			10,894			19,631			20,820			18,298			22,170			11,276		103.5	%		28,790			40,467			11,677		40.6	%
Operating benefits and expenses		48,476			42,643			49,925			46,114			42,609			46,727			4,084		9.6	%		91,119			89,337			(1,782	)	-2.0	%
Operating income before income taxes	$	(6,996	)	$	3,724		$	(6,697	)	$	(4,093	)	$	(6,992	)	$	(9,410	)	$	(13,134	)	nm		$	(3,272	)	$	(16,401	)	$	(13,129	)	nm

(1) On March 31, 2010 the Company signed a reinsurance agreement subject to deposit accounting, which generates an effective yield recognized through net investment income. The deposit asset and related net investment income are reflected entirely in the Term Life segment. Beginning with the three months ended June 30, 2010, the Company has begun allocating the remaining net investment income based on the relevant book value of the remaining invested assets required by the Term Life segment compared to the relevant book value of the total Company’s invested assets. The revised method focuses net investment income analysis on the Term Life segment on yields generated by the investment portfolio and change in the size of the portfolio, along with the impact of the reinsurance deposit asset. All prior periods presented have been adjusted to consistently reflect this revised segment allocation methodology. The revised method increased Term Life segment allocated net investment income by $3.1 million and $5.9 million for the three and six month periods ended June 30, 2010 respectively, and decreased Corporate and Other Distributed Products segment allocated net investment income by the same amount.

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

																			YOY Q2											YOY YTD
(Dollars in thousands)	Q1 2009			Q2 2009			Q3 2009			Q4 2009			Q1 2010			Q2 2010			$ Change			% Change		YTD 2009			YTD 2010			$ Change			% Change
TermLife Insurance Operating Income Before Income Taxes
Revenues:
Direct premiums	$	496,683		$	507,376		$	510,695		$	516,234		$	517,932		$	527,792		$	20,416		4.0	%	$	1,004,059		$	1,045,724		$	41,664		4.1	%
Ceded premiums		(422,006	)		(425,341	)		(418,216	)		(415,263	)		(440,699	)		(444,008	)		(18,667	)	-4.4	%		(847,348	)		(884,707	)		(37,359	)	-4.4	%
Net premiums		74,677			82,035			92,479			100,970			77,233			83,784			1,749		2.1	%		156,712			161,017			4,305		2.7	%
Allocated net investment income		17,678			18,282			16,673			15,669			16,497			15,961			(2,321	)	-12.7	%		35,960			32,458			(3,503	)	-9.7	%
Other, net		8,615			7,611			8,939			8,490			8,782			8,643			1,032		13.6	%		16,226			17,425			1,199		7.4	%
Operating revenues		100,970			107,928			118,091			125,130			102,511			108,388			461		nm			208,898			210,900			2,001		nm
Benefits and expenses:
Benefits and claims		26,614			31,437			37,032			39,968			32,905			35,134			3,697		11.8	%		58,051			68,039			9,988		17.2	%
Amortization of deferred policy acquisition costs		19,439			20,506			23,003			28,984			17,418			19,128			(1,377	)	-6.7	%		39,945			36,547			(3,398	)	-8.5	%
Insurance commissions		8,876			660			336			2,220			456			404			(256	)	-38.7	%		9,535			860			(8,676	)	-91.0	%
Insurance expenses		11,639			8,848			12,132			5,504			8,687			6,824			(2,024	)	-22.9	%		20,487			15,511			(4,977	)	24.3	%
Interest expense		2,597			2,700			2,532			3,164			2,812			2,803			103		3.8	%		5,297			5,615			318		6.0	%
Operating benefits and expenses		69,165			64,150			75,036			79,840			62,278			64,293			143		nm			133,316			126,571			(6,745	)	-5.1	%
Operating income before income taxes	$	31,805		$	43,777		$	43,055		$	45,290		$	40,234		$	44,095		$	318		nm		$	75,582		$	84,328		$	8,746		11.6	%
New Term Life Insurance Operating Income Before Income Taxes (1)
Revenues:
Direct premiums		na			na			na			na		$	10,138		$	21,256			na		na			na		$	31,394			na		na
Ceded premiums		na			na			na			na			(3,737	)		(3,869	)		na		na			na			(7,605	)		na		na
Net premiums		na			na			na			na			6,401			17,388			na		na			na			23,789			na		na
Allocated net investment income		na			na			na			na			109			175			na		na			na			284			na		na
Other, net		na			na			na			na			8,802			8,675			na		na			na			17,477			na		na
Operating revenues		na			na			na			na			15,312			26,238			na		na			na			41,550			na		na
Benefits and expenses:
Benefits and claims		na			na			na			na			1,517			5,413			na		na			na			6,931			na		na
Amortization of deferred policy acquisition costs		na			na			na			na			968			6,405			na		na			na			7,373			na		na
Insurance commissions		na			na			na			na			—			0			na		na			na			0			na		na
Insurance expenses		na			na			na			na			18,180			16,050			na		na			na			34,230			na		na
Interest expense		na			na			na			na			—			(0	)		na		na			na			(0	)		na		na
Operating benefits and expenses		na			na			na			na			20,665			27,869			na		na			na			48,534			na		na
Operating income before income taxes		na			na			na			na		$	(5,354	)	$	(1,631	)		na		na			na		$	(6,984	)		na		na
Legacy Term Life Insurance Operating Income Before Income Taxes (2)
Revenues:
Direct premiums		na			na			na			na		$	507,794		$	506,536			na		na			na		$	1,014,329			na		na
Ceded premiums		na			na			na			na			(436,962	)		(440,140	)		na		na			na			(877,101	)		na		na
Net premiums		na			na			na			na			70,832			66,396			na		na			na			137,228			na		na
Allocated net investment income		na			na			na			na			16,388			15,786			na		na			na			32,174			na		na
Other, net		na			na			na			na			(20	)		(32	)		na		na			na			(52	)		na		na
Operating revenues		na			na			na			na			87,199			82,151			na		na			na			169,350			na		na
Benefits and expenses:
Benefits and claims		na			na			na			na			31,388			29,721			na		na			na			61,108			na		na
Amortization of deferred policy acquisition costs		na			na			na			na			16,450			12,723			na		na			na			29,173			na		na
Insurance commissions		na			na			na			na			456			404			na		na			na			860			na		na
Insurance expenses		na			na			na			na			(9,493	)		(9,226	)		na		na			na			(18,719	)		na		na
Interest expense		na			na			na			na			2,812			2,803			na		na			na			5,615			na		na
Operating benefits and expenses		na			na			na			na			41,612			36,425			na		na			na			78,037			na		na
Operating income before income taxes		na			na			na			na		$	45,587		$	45,726			na		na			na		$	91,313			na		na

(1) Represents results associated with business written subsequent to the Citi reinsurance transactions executed on March 31, 2010.

(2) Represents results associated with business subject to the Citi reinsurance transactions.

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

																			YOY Q2											YOY YTD
(Dollars in thousands, except as noted)	Q1 2009			Q2 2009			Q3 2009			Q4 2009			Q1 2010			Q2 2010			$ Change			% Change		YTD 2009			YTD 2010			$ Change			% Change
Key Statistics
Life-insurance licensed sales force, beginning of period		100,651			100,409			100,672			101,095			99,785			97,354			(3,055	)	-3.0	%		100,651			99,785			(866	)	nm
New life-licensed representatives		9,270			9,978			9,642			8,739			7,366			9,887			(91	)	nm			19,248			17,253			(1,995	)	-10.4	%
Non-renewal and terminated representatives		(9,512	)		(9,715	)		(9,219	)		(10,049	)		(9,797	)		(11,175	)		(1,460	)	-15.0	%		(19,227	)		(20,972	)		(1,745	)	-9.1	%
Life-insurance licensed sales force, end of period		100,409			100,672			101,095			99,785			97,354			96,066			(4,606	)	-4.6	%		100,672			96,066			(4,606	)	-4.6	%
Estimated annualized issued term life premium ($mills) (1):
Premium from new policies	$	44.4		$	51.1		$	48.4		$	50.3		$	43.5		$	49.0		$	(2.1	)	-4.1	%	$	95.5		$	92.5		$	(3.0	)	-3.2	%
Additions and increases in premium		10.1			10.7			10.4			10.9			10.7			11.6			0.9		8.3	%		20.8			22.3			1.5		7.2	%
Total estimated annualized issued term life premium	$	54.5		$	61.8		$	58.9		$	61.2		$	54.2		$	60.6		$	(1.2	)	-2.0	%	$	116.3		$	114.7		$	(1.5	)	-1.3	%
Issued term life policies		53,023			62,202			58,070			60,542			52,445			60,406			(1,796	)	-2.9	%		115,225			112,851			(2,374	)	-2.1	%
Term life face amount in-force, beginning of period ($mills)	$	633,467		$	631,566		$	639,377		$	646,341		$	650,195		$	651,790		$	20,223		3.2	%	$	633,467		$	650,195		$	16,729		2.6	%
Issued term life face amount (2)		18,660			21,070			19,909			20,858			17,997			20,042			(1,029	)	-4.9	%		39,730			38,038			(1,692	)	-4.3	%
Terminated term life face amount		(19,614	)		(17,333	)		(18,009	)		(19,686	)		(18,867	)		(16,156	)		1,177		6.8	%		(36,947	)		(35,023	)		1,924		5.2	%
Foreign currency impact, net		(947	)		4,074			5,064			2,683			2,464			(2,146	)		(6,220	)	nm			3,127			318			(2,809	)	nm
Term life face amount in-force, end of period	$	631,566		$	639,377		$	646,341		$	650,195		$	651,790		$	653,530		$	14,152		2.2	%	$	639,377		$	653,530		$	14,152		2.2	%
New Term Life Insurance - Financial Analysis
Direct premium		na			na			na			na		$	10,138		$	21,256			nm		nm			na		$	31,394			nm		nm
New term life operating income before income taxes		na			na			na			na		$	(5,354	)	$	(1,631	)		nm		nm			na		$	(6,984	)		nm		nm
% of direct premium		na			na			na			na			-52.8	%		-7.7	%		nm		nm			na			-22.2	%		nm		nm
Benefits & expenses, net (3)		na			na			na			na		$	6,222		$	15,687			nm		nm			na		$	21,909			nm		nm
% of direct premium		na			na			na			na			61.4	%		73.8	%		nm		nm			na			69.8	%		nm		nm
Insurance expenses, net (4)		na			na			na			na		$	9,378		$	7,375			nm		nm			na		$	16,753			nm		nm
% of direct premium		na			na			na			na			92.5	%		34.7	%		nm		nm			na			53.4	%		nm		nm
Legacy Term Life Insurance - Financial Analysis
Direct premium		na			na			na			na		$	507,794		$	506,536			nm		nm			na		$	1,014,329			nm		nm
Legacy term life operating income before income taxes		na			na			na			na		$	45,587		$	45,726			nm		nm			na		$	91,313			nm		nm
% of direct premium		na			na			na			na			9.0	%		9.0	%		nm		nm			na			9.0	%		nm		nm

(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) 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

(3) Benefits & expenses, net - includes total benefits & claims, ceded premiums, insurance commissions, and amortization of deferred policy acquisition costs

(4) Insurance expenses, net - insurance expenses net of other net revenues

Investments and Savings Product - Financial Results, Key Statistics, and Financial Analysis	PRIMERICA, INC.
	Financial Supplement

																			YOY Q2											YOY YTD
(Dollars in thousands, except as noted)	Q1 2009			Q2 2009			Q3 2009			Q4 2009			Q1 2010			Q2 2010			$ Change			% Change		YTD 2009			YTD 2010			$ Change			% Change
Investment & Savings Products Operating Income Before Income Taxes
Revenues:
Commissions and fees:
Sales-based	$	28,203		$	29,451		$	28,672		$	32,472		$	36,363		$	36,301		$	6,850		23.3	%	$	57,654		$	72,664		$	15,010		26.0	%
Asset-based		27,555			29,718			33,344			36,964			38,014			39,445			9,727		32.7	%		57,273			77,459			20,186		35.2	%
Account-based		11,089			10,784			10,717			10,657			10,208			10,317			(466	)	-4.3	%		21,873			20,526			(1,348	)	-6.2	%
Other, net		2,437			2,536			2,682			2,858			2,108			2,155			(381	)	-15.0	%		4,973			4,263			(710	)	-14.3	%
Operating revenues		69,285			72,488			75,415			82,952			86,693			88,218			15,730		21.7	%		141,773			174,911			33,138		23.4	%
Benefits and expenses:
Amortization of deferred policy acquisition costs		1,936			1,508			1,304			2,506			2,549			3,029			1,521		100.8	%		3,444			5,578			2,134		62.0	%
Insurance commissions		1,737			1,482			1,766			1,845			1,809			1,989			507		34.2	%		3,219			3,798			579		18.0	%
Sales commissions:
Sales-based		21,106			21,555			20,780			23,470			26,203			25,998			4,442		20.6	%		42,662			52,201			9,539		22.4	%
Asset-based		9,430			9,533			10,883			12,157			12,715			12,911			3,379		35.4	%		18,963			25,626			6,664		35.1	%
Other operating expenses		14,705			17,693			14,461			16,878			17,970			17,556			(137	)	nm			32,398			35,527			3,129		9.7	%
Operating benefits and expenses		48,914			51,771			49,194			56,856			61,246			61,483			9,712		18.8	%		100,685			122,729			22,044		21.9	%
Operating income before income taxes	$	20,371		$	20,717		$	26,221		$	26,096		$	25,447		$	26,735		$	6,018		29.0	%	$	41,088		$	52,182		$	11,094		27.0	%
Key Statistics
Product sales ($mills)
Mutual Funds	$	445.0		$	427.5		$	444.4		$	504.1		$	594.7		$	551.0		$	123.5		28.9	%	$	872.5		$	1,145.7		$	273.2		31.3	%
Variable Annuities / 401(k)		208.4			247.7			217.7			248.8			267.3			308.3			60.6		24.5	%		456.1			575.7			119.6		26.2	%
Total sales-based revenue generating product sales		653.4			675.2			662.1			752.9			862.1			859.3			184.1		27.3	%		1,328.6			1,721.4			392.8		29.6	%
Segregated Funds		75.4			55.7			59.5			72.5			111.4			64.0			8.3		15.0	%		131.1			175.4			44.4		33.9	%
Total product sales	$	728.8		$	730.9		$	721.6		$	825.4		$	973.5		$	923.3		$	192.4		26.3	%	$	1,459.7		$	1,896.8		$	437.2		30.0	%
Asset values, beginning of period ($mills)	$	24,677		$	23,146		$	26,496		$	30,114		$	31,303		$	32,670		$	9,524		41.1	%	$	24,677		$	31,303		$	6,626		26.9	%
Inflows		729			731			722			825			974			923			192		26.3	%		1,460			1,897			437		30.0	%
Outflows (1)		(816	)		(705	)		(717	)		(758	)		(956	)		(903	)		(198	)	-28.1	%		(1,521	)		(1,859	)		(338	)	-22.2	%
Net flows		(88	)		26			4			67			17			20			(6	)	nm			(62	)		37			99		nm
Change in market value, net (2)		(1,443	)		3,323			3,614			1,123			1,350			(2,967	)		(6,291	)	nm			1,880			(1,618	)		(3,498	)	nm
Asset values, end of period	$	23,146		$	26,496		$	30,114		$	31,303		$	32,670		$	29,723		$	3,227		12.2	%	$	26,496		$	29,723		$	3,227		12.2	%
Average asset values ($mills)
Mutual Funds	$	16,818		$	18,261		$	20,441		$	21,795		$	22,453		$	22,424		$	4,163		22.8	%	$	17,539		$	22,439		$	4,899		27.9	%
Variable Annuities / 401(k)		4,926			5,379			6,064			6,539			6,847			6,955			1,575		29.3	%		5,153			6,901			1,748		33.9	%
Segregated Funds		1,510			1,699			1,908			2,041			2,105			2,182			483		28.4	%		1,604			2,144			539		33.6	%
Total	$	23,253		$	25,340		$	28,413		$	30,375		$	31,404		$	31,561		$	6,221		24.6	%	$	24,297		$	31,483		$	7,186		29.6	%
Average number of fee-generating accounts (thous) (3)		2,904			2,844			2,813			2,790			2,762			2,741			(103	)	-3.6	%		2,874			2,752			(122	)	-4.3	%
Financial Analysis
Sales-based net revenue as % of sales (4)		1.09	%		1.17	%		1.19	%		1.20	%		1.18	%		1.20	%		nm		nm			1.13	%		1.19	%		nm		nm
Asset-based net revenue as % of average asset values (5)		0.06	%		0.07	%		0.07	%		0.07	%		0.07	%		0.07	%		nm		nm			0.13	%		0.13	%		nm		nm
Account-based revenue per average fee generating account (6)	$	3.82		$	3.79		$	3.81		$	3.82		$	3.70		$	3.76			nm		nm		$	7.61		$	7.46			nm		nm

(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 9% 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, expenses, and foreign currency impact

(3) Fee generating accounts - mutual fund accounts for which we receive recording keeping and/or custodial fees

(4) Sales-based net revenue - commission and fee revenue less commissions paid to the sales force based on product sales activity

(5) Asset-based net revenue - commission and fee revenue less commissions paid to the sales force earned based on product account values including amortization of deferred acquisition costs for segregated funds

(6) In whole dollars

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

	As of or for the period ended June 30, 2010
								% of Total				Avg
(Dollars in thousands)	Market Value		Amortized Cost		Unrealized G/(L)			Market Value		Amortized Cost		Book Yield		Avg Rating
Investment Portfolio by Asset Class
Cash and cash equivalents	$	210,506	$	210,506	$	—		9.4	%	10.0	%
Fixed Income:
Treasury		38,041		35,251		2,790		1.7	%	1.7	%	3.28	%	AAA
Government		75,202		66,576		8,626		3.3	%	3.2	%	5.16	%	AA-
Tax-Exempt Municipal		8,047		7,458		590		0.4	%	0.4	%	4.09	%	AA
Corporate		1,109,325		1,012,119		97,206		49.3	%	48.1	%	6.25	%	BBB+
Mortgage-Backed		404,863		378,912		25,951		18.0	%	18.0	%	5.55	%	AA+
Asset-Backed		76,939		79,266		(2,327	)	3.4	%	3.8	%	2.06	%	AA-
CMBS		159,971		155,417		4,555		7.1	%	7.4	%	5.49	%	AAA
Private		113,123		106,238		6,885		5.0	%	5.1	%	6.28	%	BBB-
Redeemable Preferred		73		437		(364	)	0.0	%	0.0	%	8.59	%	A-
Convertible		35,334		34,325		1,009		1.6	%	1.6	%	3.59	%	A-
Total Fixed Income		2,020,919		1,875,999		144,920		89.8	%	89.2	%	5.72	%	A
Equities:
Perpetual Preferred		2,208		2,197		10		0.1	%	0.1	%
Common Stock		9,593		7,578		2,015		0.4	%	0.4	%
Mutual Fund		4,406		3,080		1,326		0.2	%	0.1	%
Other		3,067		3,065		3		0.1	%	0.1	%
Total Equities		19,274		15,920		3,354		0.9	%	0.8	%
Total Invested Assets	$	2,250,699	$	2,102,425	$	148,274		100.0	%	100.0	%
Corporate Portfolio by Sector
Banking	$	74,486	$	70,772	$	3,714		6.7	%	7.0	%
Basic Industry		82,557		74,221		8,336		7.4	%	7.3	%
Brokerage		16,474		15,283		1,192		1.5	%	1.5	%
Capital Goods		80,699		73,771		6,928		7.3	%	7.3	%
Communications		103,513		93,969		9,544		9.3	%	9.3	%
Consumer Cyclical		47,280		42,061		5,219		4.3	%	4.2	%
Consumer Non-Cyclical		124,367		110,675		13,692		11.2	%	10.9	%
Electric		124,587		112,375		12,212		11.2	%	11.1	%
Energy		64,777		58,024		6,753		5.8	%	5.7	%
Finance Companies		25,425		21,688		3,736		2.3	%	2.1	%
Financial Other		7,965		7,448		517		0.7	%	0.7	%
Industrial Other		19,474		18,264		1,210		1.8	%	1.8	%
Insurance		114,944		108,081		6,863		10.4	%	10.7	%
Natural Gas		65,557		59,848		5,710		5.9	%	5.9	%
REITs		87,509		82,924		4,585		7.9	%	8.2	%
Technology		43,875		39,424		4,451		4.0	%	3.9	%
Transportation		20,440		18,301		2,139		1.8	%	1.8	%
Utility Other		5,397		4,991		406		0.5	%	0.5	%
Total Corporate portfolio	$	1,109,325	$	1,012,119	$	97,206		100.0	%	100.0	%
Fixed-Maturity Securities - Effective Maturity
Effective maturity
< 1 Yr.	$	248,938	$	245,608	$	3,330		12.3	%	13.1	%
1-2 Yrs.		192,767		184,469		8,298		9.5	%	9.8	%
2-5 Yrs.		930,344		863,040		67,304		46.0	%	46.0	%
5-10 Yrs.		588,764		527,790		60,974		29.1	%	28.1	%
> 10 Yrs.		60,105		55,092		5,013		3.0	%	2.9	%
Total Fixed Income	$	2,020,919	$	1,875,999	$	144,920		100.0	%	100.0	%
Duration
Fixed Income portfolio duration		3.4 years

Investment Portfolio - Quality Rating As of June 30, 2010	PRIMERICA, INC.
	Financial Supplement

(Dollars in thousands)	Amortized Cost		% of Total
Investment Portfolio Quality Ratings (1)
Total Fixed Income portfolio:
Rating
AAA	$	589,060	31.4	%
AA		129,703	6.9	%
A		400,555	21.4	%
BBB		607,792	32.4	%
Below Investment Grade		146,558	7.8	%
NA		2,330	0.1	%
Total Fixed Income	$	1,875,999	100.0	%
Corporate asset class:
Rating
AAA	$	347	0.0	%
AA		73,627	7.3	%
A		339,093	33.5	%
BBB		520,927	51.5	%
Below Investment Grade		76,998	7.6	%
NA		1,127	0.1	%
Total Corporate	$	1,012,119	100.0	%
CMBS asset class:
Rating
AAA	$	129,810	83.5	%
AA		22,244	14.3	%
A		1,948	1.3	%
BBB		285	0.2	%
Below Investment Grade		1,011	0.7	%
NA		120	0.1	%
Total CMBS	$	155,417	100.0	%
Asset-Backed asset class:
Rating
AAA	$	61,003	77.0	%
AA		1,523	1.9	%
A		—	—
BBB		3,494	4.4	%
Below Investment Grade		13,247	16.7	%
NA		—	—
Total Asset-Backed	$	79,266	100.0	%

Private asset class:
Rating
AAA	$	310	0.3	%
AA		4,927	4.6	%
A		18,915	17.8	%
BBB		51,669	48.6	%
Below Investment Grade		30,417	28.6	%
NA		—	—
Total Private	$	106,238	100.0	%
Mortgage-Backed asset class:
Rating
AAA	$	339,016	89.5	%
AA		906	0.2	%
A		4,894	1.3	%
BBB		10,679	2.8	%
Below Investment Grade		23,417	6.2	%
NA		—	—
Total Mortgage-Backed	$	378,912	100.0	%
Treasury & Government asset classes:
Rating
AAA	$	58,265	57.2	%
AA		19,889	19.5	%
A		16,782	16.5	%
BBB		6,890	6.8	%
Below Investment Grade		—	—
NA		—	—
Total Treasury & Government	$	101,827	100.0	%
NAIC Designations
1	$	1,056,381	60.4	%
2		580,700	33.2	%
3		74,555	4.3	%
4		30,511	1.7	%
5		4,705	0.3	%
6		2,898	0.2	%
U.S. Insurer Fixed Income (2)		1,749,750	100.0	%
Other (3)		142,169
Cash and cash equivalents		210,506
Total Invested Assets	$	2,102,425

(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

Investment Portfolio - Mortgage-Backed Vintage Analysis As of June 30, 2010	PRIMERICA, INC.
	Financial Supplement

	2004 and Prior			2005			2006		2007			2008		2009		Total
(Dollars in thousands)	Amortized Cost by Vintage
Commercial Mortgage-Backed Securities
Current Rating:
AAA	$	81,293		$	22,122		$	10,028	$	7,985		$	2,464	$	5,918	$	129,810
AA		11,981			10,263			—		—			—		—		22,244
A		1,748			—			200		—			—		—		1,948
BBB		285			—			—		—			—		—		285
BB		394			—			—		—			—		—		394
B		275			—			—		—			—		—		275
CCC and lower		236			226			—		—			—		—		462
Total	$	96,211		$	32,611		$	10,228	$	7,985		$	2,464	$	5,918	$	155,417
	Net Unrealized Gain/(Loss) by Vintage
Current Rating:
AAA	$	3,037		$	242		$	862	$	361		$	94	$	277	$	4,873
AA		103			(998	)		—		—			—		—		(895	)
A		188			—			4		—			—		—		192
BBB		(187	)		—			—		—			—		—		(187	)
BB		434			—			—		—			—		—		434
B		119			—			—		—			—		—		119
CCC and lower		18			1			—		—			—		—		19
Total	$	3,713		$	(756	)	$	866	$	361		$	94	$	277	$	4,555
	Amortized Cost by Vintage
Prime Residential Mortgage-Backed Securities
Current Rating:
AAA	$	171,443		$	34,339		$	35,751	$	55,634		$	39,922	$	—	$	337,090
AA		—			—			—		—			—		—		—
A		1,011			3,883			—		—			—		—		4,894
BBB		—			10,679			—		—			—		—		10,679
BB		—			6,043			—		—			—		—		6,043
B		—			3,321			—		—			—		—		3,321
CCC and lower		—			1,797			—		1,700			—		—		3,497
Total	$	172,454		$	60,061		$	35,751	$	57,334		$	39,922	$	—	$	365,524
	Net Unrealized Gain/(Loss) by Vintage
Current Rating:
AAA	$	14,487		$	1,589		$	3,081	$	4,608		$	3,740	$	—	$	27,506
AA		—			—			—		—			—		—		—
A		(69	)		62			—		—			—		—		(6	)
BBB		—			(602	)		—		—			—		—		(602	)
BB		—			(330	)		—		—			—		—		(330	)
B		—			(156	)		—		—			—		—		(156	)
CCC and lower		—			(103	)		—		(8	)		—		—		(111	)
Total	$	14,419		$	461		$	3,081	$	4,600		$	3,740	$	—	$	26,302
	Amortized Cost by Vintage
Alt-A Residential Mortgage-Backed Securities
Current Rating:
AAA	$	—		$	1,926		$	—	$	—		$	—	$	—	$	1,926
AA		906			—			—		—			—		—		906
A		—			—			—		—			—		—		—
BBB		—			—			—		—			—		—		—
BB		—			—			—		—			—		—		—
B		—			3,812			—		—			—		—		3,812
CCC and lower		3,598			3,146			—		—			—		—		6,744
Total	$	4,504		$	8,884		$	—	$	—		$	—	$	—	$	13,388
	Net Unrealized Gain/(Loss) by Vintage
Current Rating:
AAA	$	—		$	(88	)	$	—	$	—		$	—	$	—	$	(88	)
AA		24			—			—		—			—		—		24
A		—			—			—		—			—		—		—
BBB		—			—			—		—			—		—		—
BB		—			—			—		—			—		—		—
B		—			(402	)		—		—			—		—		(402	)
CCC and lower		8			108			—		—			—		—		116
Total	$	31		$	(382	)	$	—	$	—		$	—	$	—	$	(351	)

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

(Dollars in thousands)	Q1          2009	Q2          2009	Q3          2009	Q4          2009	Q1          2010			Q2          2010
Net Investment Income by Source
Bonds & notes	na	na	na	na	$	83,814		$	27,796
Preferred and common stocks	na	na	na	na		1,239			164
Deposit asset underlying 10% reinsurance treaty	na	na	na	na		—			1,551
Policy loans	na	na	na	na		336			341
Cash & cash equivalents	na	na	na	na		283			85
Other	na	na	na	na		—			55
Total investment income	na	na	na	na		85,671			29,992
Investment expenses	na	na	na	na		3,095			2,001
Net investment income	na	na	na	na	$	82,576		$	27,991
Fixed income book yield, end of period	na	na	na	na		5.79	%		5.72	%
New money yield						3.48	%		2.43	%
Fixed Income Portfolio Quality Ratings
Rating
AAA	na	na	na	na		32.5	%		31.4	%
AA	na	na	na	na		7.9	%		6.9	%
A	na	na	na	na		21.2	%		21.4	%
BBB	na	na	na	na		30.8	%		32.4	%
Below Investment Grade	na	na	na	na		7.1	%		7.8	%
NA	na	na	na	na		0.4	%		0.1	%
Total Fixed Income	na	na	na	na		100.0	%		100.0	%
Average rating by amortized cost	na	na	na	na		A			A

	As of June 30, 2010
	Market Value			Amortized Cost			Credit Rating
Top 25 Exposures
1       Government of Canada	$	41,773		$	38,689		AAA
2       National Rural Utilities Cooperative		16,190			12,948		A+
3       Verizon Communications Inc		15,566			13,523		A
4       Bank of America Corp		13,618			12,699		A
5       General Electric Co		13,077			11,254		AA+
6       Sun Life Financial Inc		12,053			12,100		AA-
7       ConocoPhillips		11,333			9,491		A
8       Edison International		11,293			11,293		B+
9       Medtronic Inc		10,696			10,368		AA-
10     Enel SpA		10,635			10,538		A-
11     Roche Holding AG		10,601			9,414		AA-
12     Transocean Ltd		10,353			10,076		BBB+
13     AT&T Inc		10,140			8,760		A
14     Loews Corp		9,690			9,013		BBB
15     Reynolds American Inc		9,404			7,835		BBB
16     Amgen Inc		9,365			9,217		A+
17     Iberdrola SA		8,865			8,467		BBB+
18     DCP Midstream LLC		8,464			7,541		BBB
19     Altria Group Inc		8,232			6,876		BBB
20     Xlliac Global Funding		8,019			8,021		A
21     Vale SA		7,708			7,101		BBB+
22     Montpelier Re Holdings Ltd		7,538			7,207		BBB
23     Lockheed Martin Corp		7,359			6,940		A-
24     JPMorgan Chase & Co		7,307			6,871		A+
25     Westfield Group		7,254			6,697		A-
Total	$	286,533		$	262,941
% of total fixed income portfolio		14.2	%		14.0	%

	As of June 30, 2010
	Market Value		Amortized Cost
Foreign Exposure (1)
Canada	$	57,254	$	53,019
United Kingdom		52,734		49,170
Australia		36,105		32,786
France		19,044		17,787
Italy		12,253		12,038
Spain		11,650		11,355
Germany		11,339		10,283
Emerging Markets (2)		23,670		21,621
All Other		78,876		70,779
Total	$	302,927	$	278,837
Government Investments
AAA	$	533	$	495
AA		1,486		1,297
A		7,718		7,137
BBB		7,665		6,890
Below Investment Grade		—		—
NA		—		—
Total	$	17,402	$	15,819
Non-Government Investments
AAA	$	—	$	—
AA		25,112		22,931
A		106,063		99,287
BBB		127,643		115,479
Below Investment Grade		24,702		24,321
NA		2,005		1,000
Total	$	285,525	$	263,018

(1) US$ denominated investments in issuers outside of the United States based on country of risk

(2) Emerging markets includes Brazil, Colombia, Mexico, Peru, and South Africa

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

(Dollars in millions)	2005			2006			2007			2008			2009			Q1 2009			Q2 2009			Q3 2009			Q4 2009			Q1 2010			Q2 2010
Recruits		215,615			204,316			220,950			235,125			221,920			57,623			57,453			58,654			48,190			58,085			65,245
Life-insurance licensed sales force, beginning of period		100,979			97,105			96,532			97,125			100,651			100,651			100,409			100,672			101,095			99,785			97,354
New life-licensed representatives		35,812			35,233			36,308			39,383			37,629			9,270			9,978			9,642			8,739			7,366			9,887
Non-renewal and terminated representatives		(39,686	)		(35,806	)		(35,715	)		(35,857	)		(38,495	)		(9,512	)		(9,715	)		(9,219	)		(10,049	)		(9,797	)		(11,175	)
Life-insurance licensed sales force, end of period		97,105			96,532			97,125			100,651			99,785			100,409			100,672			101,095			99,785			97,354			96,066
Issued term life policies		251,442			245,520			244,733			241,173			233,837			53,023			62,202			58,070			60,542			52,445			60,406
Issued term life face amount	$	83,481		$	84,503		$	87,619		$	87,279		$	80,497		$	18,660		$	21,070		$	19,909		$	20,858		$	17,997		$	20,042
Term life face amount in-force, beginning of period	$	536,922		$	572,155		$	599,470		$	632,086		$	633,467		$	633,467		$	631,566		$	639,377		$	646,341		$	650,195		$	651,790
Issued term life face amount		83,481			84,503			87,619			87,279			80,497			18,660			21,070			19,909			20,858			17,997			20,042
Terminated term life face amount		(51,092	)		(57,277	)		(64,966	)		(72,008	)		(74,642	)		(19,614	)		(17,333	)		(18,009	)		(19,686	)		(18,867	)		(16,156	)
Foreign currency impact, net		2,844			90			9,963			(13,891	)		10,873			(947	)		4,074			5,064			2,683			2,464			(2,146	)
Term life face amount in-force, end of period	$	572,155		$	599,470		$	632,086		$	633,467		$	650,195		$	631,566		$	639,377		$	646,341		$	650,195		$	651,790		$	653,530
Estimated annualized issued term life premium
Premium from new policies	$	202.2		$	205.3		$	209.5		$	205.5		$	194.2		$	44.4		$	51.1		$	48.4		$	50.3		$	43.5		$	49.0
Additions and increases in premium		34.9			40.5			42.9			42.5			42.1			10.1			10.7			10.4			10.9			10.7			11.6
Total estimated annualized issued term life premium	$	237.1		$	245.8		$	252.4		$	248.0		$	236.3		$	54.5		$	61.8		$	58.9		$	61.2		$	54.2		$	60.6
Investment & Savings product sales	$	4,174.3		$	4,664.7		$	5,189.5		$	4,458.4		$	3,006.6		$	728.8		$	730.9		$	721.6		$	825.4		$	973.5		$	923.3
Investment & Savings average client account values	$	28,474		$	32,117		$	36,696		$	32,476		$	26,905		$	23,253		$	25,340		$	28,413		$	30,375		$	31,404		$	31,561