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Side-by-side financial comparison of Primerica, Inc. (PRI) and REINSURANCE GROUP OF AMERICA INC (RGA). Click either name above to swap in a different company.
REINSURANCE GROUP OF AMERICA INC is the larger business by last-quarter revenue ($6.6B vs $853.7M, roughly 7.8× Primerica, Inc.). Primerica, Inc. runs the higher net margin — 23.1% vs 7.0%, a 16.1% gap on every dollar of revenue. On growth, REINSURANCE GROUP OF AMERICA INC posted the faster year-over-year revenue change (26.6% vs 11.0%). Over the past eight quarters, Primerica, Inc.'s revenue compounded faster (7.2% CAGR vs 2.3%).
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.
Reinsurance Group of America, Incorporated is a holding company for a global life and health reinsurance entity based in Greater St. Louis within the western suburb of Chesterfield, Missouri, United States. With approximately $3.9 trillion of life reinsurance in force and assets of $118.7 billion as of December 31, 2024, RGA has grown to become the only international company to focus primarily on life and health-related reinsurance.
PRI vs RGA — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $853.7M | $6.6B |
| Net Profit | $197.0M | $463.0M |
| Gross Margin | — | — |
| Operating Margin | 28.9% | 7.7% |
| Net Margin | 23.1% | 7.0% |
| Revenue YoY | 11.0% | 26.6% |
| Net Profit YoY | 17.9% | 212.8% |
| EPS (diluted) | $6.11 | $6.91 |
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 | $853.7M | $6.6B | ||
| Q3 25 | $839.9M | $6.2B | ||
| Q2 25 | $793.3M | $5.6B | ||
| Q1 25 | $804.8M | $5.3B | ||
| Q4 24 | $768.8M | $5.2B | ||
| Q3 24 | $774.1M | $5.7B | ||
| Q2 24 | $803.4M | $4.9B | ||
| Q1 24 | $742.8M | $6.3B |
| Q4 25 | $197.0M | $463.0M | ||
| Q3 25 | $206.8M | $253.0M | ||
| Q2 25 | $178.3M | $180.0M | ||
| Q1 25 | $169.1M | $286.0M | ||
| Q4 24 | $167.1M | $148.0M | ||
| Q3 24 | $164.4M | $156.0M | ||
| Q2 24 | $1.2M | $203.0M | ||
| Q1 24 | $137.9M | $210.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 98.0% | — | ||
| Q1 24 | 98.2% | — |
| Q4 25 | 28.9% | 7.7% | ||
| Q3 25 | 32.3% | 5.2% | ||
| Q2 25 | 29.6% | 6.1% | ||
| Q1 25 | 27.5% | 7.0% | ||
| Q4 24 | 64.7% | 4.3% | ||
| Q3 24 | 32.9% | 3.8% | ||
| Q2 24 | 1.0% | 5.5% | ||
| Q1 24 | 24.1% | 4.3% |
| Q4 25 | 23.1% | 7.0% | ||
| Q3 25 | 24.6% | 4.1% | ||
| Q2 25 | 22.5% | 3.2% | ||
| Q1 25 | 21.0% | 5.4% | ||
| Q4 24 | 21.7% | 2.8% | ||
| Q3 24 | 21.2% | 2.8% | ||
| Q2 24 | 0.1% | 4.2% | ||
| Q1 24 | 18.6% | 3.3% |
| Q4 25 | $6.11 | $6.91 | ||
| Q3 25 | $6.35 | $3.81 | ||
| Q2 25 | $5.40 | $2.70 | ||
| Q1 25 | $5.05 | $4.27 | ||
| Q4 24 | $4.92 | $2.21 | ||
| Q3 24 | $4.83 | $2.33 | ||
| Q2 24 | $0.03 | $3.03 | ||
| Q1 24 | $3.93 | $3.16 |
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 | $4.2B |
| Total DebtLower is stronger | — | $5.7B |
| Stockholders' EquityBook value | $2.4B | $13.5B |
| Total Assets | $15.0B | $156.6B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $756.2M | $4.2B | ||
| Q3 25 | $644.9M | $4.6B | ||
| Q2 25 | $621.2M | $5.4B | ||
| Q1 25 | $625.1M | $5.2B | ||
| Q4 24 | $687.8M | $3.3B | ||
| Q3 24 | $550.1M | $5.2B | ||
| Q2 24 | $627.3M | $4.6B | ||
| Q1 24 | $593.4M | $5.9B |
| Q4 25 | — | $5.7B | ||
| Q3 25 | — | $5.7B | ||
| Q2 25 | — | $5.7B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | — | $5.0B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | — | $5.1B | ||
| Q1 24 | — | $4.4B |
| Q4 25 | $2.4B | $13.5B | ||
| Q3 25 | $2.3B | $13.0B | ||
| Q2 25 | $2.3B | $12.1B | ||
| Q1 25 | $2.3B | $11.4B | ||
| Q4 24 | $2.3B | $10.8B | ||
| Q3 24 | $1.9B | $11.1B | ||
| Q2 24 | $2.1B | $9.7B | ||
| Q1 24 | $2.2B | $9.5B |
| Q4 25 | $15.0B | $156.6B | ||
| Q3 25 | $14.8B | $152.0B | ||
| Q2 25 | $14.8B | $133.5B | ||
| Q1 25 | $14.6B | $128.2B | ||
| Q4 24 | $14.6B | $118.7B | ||
| Q3 24 | $14.8B | $120.3B | ||
| Q2 24 | $14.6B | $109.9B | ||
| Q1 24 | $14.9B | $106.0B |
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.44× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.46× | ||
| Q2 24 | — | 0.52× | ||
| Q1 24 | — | 0.47× |
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 | $338.2M | $7.3B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.72× | 15.83× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $338.2M | $7.3B | ||
| Q3 25 | $202.9M | $-990.0M | ||
| Q2 25 | $162.6M | $-820.0M | ||
| Q1 25 | $197.5M | $-1.4B | ||
| Q4 24 | $270.6M | $17.1B | ||
| Q3 24 | $207.3M | $-1.1B | ||
| Q2 24 | $173.3M | $-967.0M | ||
| Q1 24 | $210.9M | $-5.7B |
| Q4 25 | 1.72× | 15.83× | ||
| Q3 25 | 0.98× | -3.91× | ||
| Q2 25 | 0.91× | -4.56× | ||
| Q1 25 | 1.17× | -5.00× | ||
| Q4 24 | 1.62× | 115.81× | ||
| Q3 24 | 1.26× | -6.84× | ||
| Q2 24 | 147.98× | -4.76× | ||
| Q1 24 | 1.53× | -27.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
RGA
Segment breakdown not available.
