Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - Primerica, Inc. | d380154d8k.htm |
| EX-4.1 - INDENTURE BETWEEN PRIMERICA INC AND WELLS FARGO BANK NATIONAL ASSOCIATION - Primerica, Inc. | d380154dex41.htm |
| EX-5.1 - OPINION OF ROGERS & HARDIN LLP - Primerica, Inc. | d380154dex51.htm |
| EX-1.1 - UNDERWRITING AGREEMENT - Primerica, Inc. | d380154dex11.htm |
| EX-99.2 - PRESS RELEASE - Primerica, Inc. | d380154dex992.htm |
| EX-4.2 - FIRST SUPPLEMENTAL INDENTURE BETWEEN PRIMERICA INC AND WELLS FARGO BANK - Primerica, Inc. | d380154dex42.htm |
Exhibit 99.1
PRIMERICA, INC. AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
| Three months ended March 31, |
Year ended December 31, | |||||||||||||||||||||||
| 2012 | 2011(1) | 2010(1) | 2009(1) | 2008(1) | 2007(1) | |||||||||||||||||||
| (Dollars in thousands) | ||||||||||||||||||||||||
| Fixed charges: |
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| Interest expense |
$ | 6,910 | $ | 27,968 | $ | 20,872 | $ | — | $ | — | $ | — | ||||||||||||
| Interest on investment–type contracts |
2,056 | 8,566 | 10,180 | 12,998 | 14,683 | 14,923 | ||||||||||||||||||
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| Total fixed charges |
$ | 8,966 | $ | 36,534 | $ | 31,052 | $ | 12,998 | $ | 14,683 | $ | 14,923 | ||||||||||||
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| Income before income taxes |
$ | 63,465 | $ | 243,909 | $ | 361,469 | $ | 741,795 | $ | 328,445 | $ | 904,793 | ||||||||||||
| Add back: |
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| Total fixed charges |
8,966 | 36,534 | 31,052 | 12,998 | 14,683 | 14,923 | ||||||||||||||||||
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| Total income before income taxes and fixed charges |
$ | 72,431 | $ | 280,443 | $ | 392,521 | $ | 754,793 | $ | 343,128 | $ | 919,716 | ||||||||||||
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| Ratio of earnings to fixed charges |
8.1x | 7.7x | 12.6x | 58.1x | 23.4x | 61.6x | ||||||||||||||||||
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| (1) | Effective January 1, 2012, we adopted Accounting Standards Update 2010-26, Accounting for Costs Associated with Acquiring or Renewing Insurance Contracts, and will no longer defer certain indirect acquisition costs or costs attributable to unsuccessful efforts in regard to acquiring life insurance policies. We adopted this accounting policy change retrospectively; accordingly, our historical results have been adjusted to reflect the adoption on a consistent basis across all periods presented. |