Primerica (PRI) Proxy filing summary

Executive summary

• Fiscal 2025 saw solid financial performance with adjusted net operating income ROAE of 33.1%, $450 million in share repurchases, and a 26% increase in annual dividends to $4.16 per share.

• Total stockholder return for 2025 was -3.3%, but five-year TSR reached 107.1%, outperforming the S&P 400 MidCap Index.

• The company continues to focus on serving middle-income families, leveraging a diverse independent sales force, and maintaining a strong corporate culture recognized by multiple workplace awards.

• Strategic growth pillars include expanding digital experiences, deepening talent, and enhancing the company’s image.

Voting matters and shareholder proposals

• Stockholders will vote on electing nine directors, an advisory say-on-pay vote, and ratification of KPMG LLP as the independent auditor for 2026.

• All board proposals are recommended for approval.

• Proxy access allows groups holding at least 3% of shares for three years to nominate directors.

Board of directors and corporate governance

• The board consists of eleven members, with two vacancies expected after the annual meeting due to retirements.

• 73% of board members are independent, with significant gender and racial diversity.

• Board leadership is separated between a non-executive chairman and an independent lead director.

• Annual board and committee self-assessments are conducted, with biannual third-party facilitation.

• Directors are subject to overboarding policies and mandatory retirement age.