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Side-by-side financial comparison of Athene Holding Ltd. (ATHS) and Primerica, Inc. (PRI). Click either name above to swap in a different company.
Athene Holding Ltd. is the larger business by last-quarter revenue ($8.1B vs $853.7M, roughly 9.5× Primerica, Inc.). Primerica, Inc. runs the higher net margin — 23.1% vs 6.4%, a 16.7% gap on every dollar of revenue. On growth, Athene Holding Ltd. posted the faster year-over-year revenue change (115.1% vs 11.0%). Over the past eight quarters, Athene Holding Ltd.'s revenue compounded faster (19.2% CAGR vs 7.2%).
Athene Holding Ltd. is a leading US-focused retirement services provider. It offers fixed, indexed and variable annuity products plus tailored retirement savings solutions for individual consumers and institutional clients, aiming to help customers secure long-term financial stability for their retirement.
Primerica, Inc. is a multi-level marketing company that provides insurance, investment and financial services to middle-income families in the United States and Canada.
ATHS vs PRI — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $8.1B | $853.7M |
| Net Profit | $523.0M | $197.0M |
| Gross Margin | — | — |
| Operating Margin | 16.9% | 28.9% |
| Net Margin | 6.4% | 23.1% |
| Revenue YoY | 115.1% | 11.0% |
| Net Profit YoY | -48.5% | 17.9% |
| EPS (diluted) | — | $6.11 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $8.1B | $853.7M | ||
| Q3 25 | $8.0B | $839.9M | ||
| Q2 25 | $5.4B | $793.3M | ||
| Q1 25 | $4.2B | $804.8M | ||
| Q4 24 | $3.8B | $768.8M | ||
| Q3 24 | $6.5B | $774.1M | ||
| Q2 24 | $4.7B | $803.4M | ||
| Q1 24 | $5.7B | $742.8M |
| Q4 25 | $523.0M | $197.0M | ||
| Q3 25 | $1.3B | $206.8M | ||
| Q2 25 | $464.0M | $178.3M | ||
| Q1 25 | $465.0M | $169.1M | ||
| Q4 24 | $1.0B | $167.1M | ||
| Q3 24 | $625.0M | $164.4M | ||
| Q2 24 | $629.0M | $1.2M | ||
| Q1 24 | $1.2B | $137.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 98.0% | ||
| Q1 24 | — | 98.2% |
| Q4 25 | 16.9% | 28.9% | ||
| Q3 25 | 26.8% | 32.3% | ||
| Q2 25 | 12.2% | 29.6% | ||
| Q1 25 | 22.3% | 27.5% | ||
| Q4 24 | 30.4% | 64.7% | ||
| Q3 24 | 25.7% | 32.9% | ||
| Q2 24 | 22.0% | 1.0% | ||
| Q1 24 | 31.1% | 24.1% |
| Q4 25 | 6.4% | 23.1% | ||
| Q3 25 | 15.7% | 24.6% | ||
| Q2 25 | 8.7% | 22.5% | ||
| Q1 25 | 11.1% | 21.0% | ||
| Q4 24 | 26.8% | 21.7% | ||
| Q3 24 | 9.6% | 21.2% | ||
| Q2 24 | 13.5% | 0.1% | ||
| Q1 24 | 20.8% | 18.6% |
| Q4 25 | — | $6.11 | ||
| Q3 25 | — | $6.35 | ||
| Q2 25 | — | $5.40 | ||
| Q1 25 | — | $5.05 | ||
| Q4 24 | — | $4.92 | ||
| Q3 24 | — | $4.83 | ||
| Q2 24 | — | $0.03 | ||
| Q1 24 | — | $3.93 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $756.2M |
| Total DebtLower is stronger | $7.8B | — |
| Stockholders' EquityBook value | $20.5B | $2.4B |
| Total Assets | $442.2B | $15.0B |
| Debt / EquityLower = less leverage | 0.38× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $756.2M | ||
| Q3 25 | — | $644.9M | ||
| Q2 25 | — | $621.2M | ||
| Q1 25 | — | $625.1M | ||
| Q4 24 | — | $687.8M | ||
| Q3 24 | — | $550.1M | ||
| Q2 24 | — | $627.3M | ||
| Q1 24 | $15.3B | $593.4M |
| Q4 25 | $7.8B | — | ||
| Q3 25 | $7.9B | — | ||
| Q2 25 | $7.9B | — | ||
| Q1 25 | $6.3B | — | ||
| Q4 24 | $6.3B | — | ||
| Q3 24 | $5.7B | — | ||
| Q2 24 | $5.7B | — | ||
| Q1 24 | $5.7B | — |
| Q4 25 | $20.5B | $2.4B | ||
| Q3 25 | $20.4B | $2.3B | ||
| Q2 25 | $18.1B | $2.3B | ||
| Q1 25 | $17.5B | $2.3B | ||
| Q4 24 | $16.4B | $2.3B | ||
| Q3 24 | $17.4B | $1.9B | ||
| Q2 24 | $15.0B | $2.1B | ||
| Q1 24 | $14.8B | $2.2B |
| Q4 25 | $442.2B | $15.0B | ||
| Q3 25 | $429.9B | $14.8B | ||
| Q2 25 | $405.3B | $14.8B | ||
| Q1 25 | $381.5B | $14.6B | ||
| Q4 24 | $363.3B | $14.6B | ||
| Q3 24 | $355.0B | $14.8B | ||
| Q2 24 | $332.6B | $14.6B | ||
| Q1 24 | $320.6B | $14.9B |
| Q4 25 | 0.38× | — | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 0.36× | — | ||
| Q4 24 | 0.39× | — | ||
| Q3 24 | 0.33× | — | ||
| Q2 24 | 0.38× | — | ||
| Q1 24 | 0.39× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.0B | $338.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 5.82× | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0B | $338.2M | ||
| Q3 25 | $636.0M | $202.9M | ||
| Q2 25 | $1.1B | $162.6M | ||
| Q1 25 | $426.0M | $197.5M | ||
| Q4 24 | $386.0M | $270.6M | ||
| Q3 24 | $780.0M | $207.3M | ||
| Q2 24 | $525.0M | $173.3M | ||
| Q1 24 | $185.0M | $210.9M |
| Q4 25 | 5.82× | 1.72× | ||
| Q3 25 | 0.51× | 0.98× | ||
| Q2 25 | 2.28× | 0.91× | ||
| Q1 25 | 0.92× | 1.17× | ||
| Q4 24 | 0.38× | 1.62× | ||
| Q3 24 | 1.25× | 1.26× | ||
| Q2 24 | 0.83× | 147.98× | ||
| Q1 24 | 0.16× | 1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATHS
Segment breakdown not available.
PRI
| Revenues From Sources Other Than Contracts With Customers | $445.9M | 52% |
| Investment And Savings Products Segment Revenues | $340.3M | 40% |
| Other | $56.5M | 7% |
| Segment Revenues From Contracts With Customers | $11.0M | 1% |
