Company Profile
Primerica
Company Overview
Primerica, Inc. (Primerica), headquartered in Duluth, Georgia, is a leading distributor of financial products to middle-income households in the United States and Canada. Primerica representatives assist their clients in meeting their needs for term life insurance, underwritten by the Company’s subsidiaries, and mutual funds, annuities and other financial products that are distributed primarily on behalf of third parties.
The Primerica distribution model uniquely positions the company to reach underserved middle income consumers in a cost-effective manner and has proven itself in both favorable and challenging economic environments. As a result of this successful model, the Company’s subsidiaries insure more than 4.3 million lives and
approximately 2 million clients maintained investment accounts with PFS Investments Inc. at December 31, 2011. The company completed its initial public offering (IPO) on April 1, 2010 and is traded on the New York Stock Exchange under the symbol “PRI.”
Primerica is a Main Street Company for Main Street North America. Our mission is to help families become properly protected, debt free and financially independent.
Company History
Primerica traces its core business of offering term life insurance policies through a sales organization of independent sales representatives to 1977. In 1977, Arthur L. Williams, Jr. formed A.L. Williams & Associates, Inc., an independent general agency, and started selling term life insurance through a start-up sales force of seven Regional Vice Presidents (“RVPs”) and a total of only 85 sales representatives. A.L. Williams grew rapidly from its inception and became one of the top sellers of individual life insurance in the United States. The operations of A.L. Williams formed the foundation of the Company’s general agency subsidiary, Primerica Financial Services, and of the sales force. Primerica Life was formed in 1927 under the name of Fraternal Protective Insurance Company, and PFS Investments was formed in 1981 under the name of First American National Securities, Inc. Primerica Life, PFS Investments and the assets and operations of Primerica Financial Services were acquired by predecessors of Citigroup Inc. through a series of transactions in the late 1980s. As a result of Primerica’s initial public offering on April 1, 2010, the company began trading as a public company on the New York Stock Exchange under the symbol “PRI.”
Notable Products / Brands
Primerica Secure, Primerica DebtWatchers™, PrimElite, PLPP
Notable Accomplishments / Recognition
A+ Rating with Better Business Bureau, Dalbar Service Award Winner Last 10 Consecutive Years in a Row, Ward's 50 List, Rated A+ (Superior) by A.M. Best and AA (Very Strong) by Standard & Poor's, Charter Member of the Insurance Marketplace Standards Association (IMSA)
Benefits
Leadership and personal development: Primerica offers a positive environment and is all about pushing people up. We’re about helping people succeed. You’ll learn how to lead a team and be the leader you were meant to be.
Compete for world-class incentive trips: Top producers have been to places like Hawaii, Las Vegas, Cancun and the Bahamas, to name a few.
Fun, competitive environment: Primerica is a place where competitors can thrive. If you love being recognized for your hard work, Primerica is the place for you.
Marketing support: You have access to professionally produced sales and marketing communication to help you educate clients and recruit prospects.
Cutting-edge technology support: As a Primerica representative, you have access to an award-winning business support system that includes online sales tools, licensing
exam prep, training, personalized web sites, applications and MORE.