Primerica, Inc. Gender-Related KPIs
The following gender-related Key Performance Indicators (KPIs) of
Key Performance Indicator (KPI)
Leadership
|
Women on the Board of Directors |
As of |
|
|
|
|
Day, Ms. |
|
|
Gender balance in Board leadership |
Two of the three independent committees of the Board are chaired by a woman. |
|
Ms. |
|
|
Ms. |
|
|
Executive officers who are women |
The position of Chief Financial Officer of the Company is held by a woman, Ms. |
|
|
|
|
reported that its next CFO will be Ms. |
|
|
The executive officers and certain significant employees who comprise our |
|
|
senior management team, or "Operating Team", are listed in our Annual Report |
|
|
on Form 10-K for fiscal 2022 ("2022 Annual Report"). As of |
|
|
33% of our Operating Team members were women. |
|
|
Ms. |
|
|
a member of the Company's Operating Team and, among other duties, |
|
|
oversees the Company's Human Resources and Talent Management functions |
|
|
and leads the Company's diversity, equality, inclusion and belonging (DEIB) |
|
|
efforts and strategies. |
|
Talent Pipeline
|
Percentage of women in |
55.6% |
|
|
total management1 |
||
|
Percentage of women in |
46.1% |
|
|
senior management2 |
||
|
Percentage of women in |
57.6% |
|
|
middle management3 |
||
|
Percentage of women in |
65.1% |
|
|
non-managerial positions4 |
- Percentage of women in management compared to the total number of employees.
- Percentage of women in management who have senior-level supervisory responsibilities and are positioned in the management hierarchy within two levels of executive management of total management compared to the total number of management employees at that level.
- Percentage of women in management who have senior-level supervisory responsibilities and are positioned in the management hierarchy three or more levels from executive management compared to the total number of management employees at that level.
- Percentage of women employees in non-managerial roles compared to total employees in non-managerial positions. Reflects employees who work as an individual contributor and have no responsibility as a manager to others.
|
Percentage of total workforce that |
63.1% |
|
was women |
|
|
Percentage of total promotions that |
60.6% |
|
were women |
|
|
Percentage of Women in |
40.3% |
|
IT/Engineering Roles |
|
|
Percentage of new hires who were |
62.8% |
|
women |
|
|
Percentage of attrition that were |
63.6% |
|
women5 |
|
|
Time-bound action plan with targets |
|
|
to increase the representation of |
|
|
women in leadership positions |
As women are well-represented in various levels and positions, the Company |
|
does not currently have a time-bound action plan with targets. The Company |
|
|
Time-bound action plan with targets |
|
|
continues to monitor these metrics for potential improvement. |
|
|
to increase the representation of |
|
|
women in the Company |
|
|
Pay |
|
|
Global mean (average) raw |
30% |
|
gender pay gap6 |
|
|
Time-bound action plan to close |
In 2022, the Company completed an extensive gender and ethnicity pay gap |
|
its gender pay gap |
review, supported by an expert third-party advisor. The Company implemented |
|
appropriate pay adjustments following completion of that review as needed to |
|
|
address the negligible identified pay gaps. |
|
|
Executive compensation linked |
The Charter of the Board's Compensation Committee requires that it annually |
|
to (DEIB) |
considers non-financial metrics for potential inclusion in the executive |
|
compensation program. The Board's Corporate Governance Committee |
|
|
oversees the Company's sustainability efforts, including DEIB . Annually in |
|
|
November, the Board's Compensation Committee meets with the Board's |
|
|
Corporate Governance Committee to discuss and determine whether |
|
|
inclusion of sustainability factors in the compensation metrics would be |
|
|
meaningfully beneficial to the Company's future progress. In |
|
|
both committees determined they were satisfied with the Company's focus and |
|
|
progress on sustainability matters, including DEIB, a view that was shared by |
|
|
the full Board. As a result, the 2022 corporate performance metrics did not |
|
|
include any DEIB-related factors. |
|
|
Inclusive culture |
|
|
Number of weeks of fully paid |
Employees giving birth to a child receive 12 weeks of income benefits, which may be |
|
primary parental leave offered |
extended to up 26 weeks pursuant to the terms of our Short-Term Disability policy. |
5Percentage of women employees who left the Company compared to the total number of employees who left the Company.
6 Excludes on-call employees. Reflects measuring the mean (average) total compensation (base salary, bonus, and equity) for all female employees and for all male employees, subtracting the mean (average) female compensation from the mean (average) male compensation, and dividing the result by the mean of the higher earning gender (female or male). Not adjusted for factors such as job function, level, education, performance, and location.
|
Number of weeks of fully |
Primerica offers up to 4 weeks of gender-neutral paid parental leave so non-birthing |
|
|
paid secondary parental |
employees can spend important time bonding with a new child after birth or adoption. |
|
|
leave offered |
||
|
Parental leave retention rate7 |
69% |
|
|
Back-up family care services |
The Company does not offer back-up family care to assist when there is a gap |
|
|
or subsidies through the |
in regular care arrangements, or a subsidy to assist with the cost of care of a |
|
|
Company |
family member, to employees. Through our |
|
|
employees can access resources and referrals for childcare. |
||
|
Flexible working policy |
We understand and value the importance of an effective work-life balance for our |
|
|
employees. We offer many flexible work options and schedules to meet the |
||
|
needs of our employees. Less than 15% of our employees work fully onsite due |
||
|
to the requirements of a specific job and the vast majority work fully remote or on |
||
|
a hybrid schedule where they are able to work both at home and in the office. |
||
|
Employee resource groups for |
Primerica's employee resource groups ("ERGs") were created in 2021 and |
|
|
women |
provide an opportunity for employees to connect and collaborate with each |
|
|
other while fostering belonging and engagement. ERG activities include |
||
|
working on projects that help develop new skills and relationships with |
||
|
colleagues from other departments. The initial cohorts are thriving and building |
||
|
interest across our organization: Primerica Black Professional Network (PBPN); |
||
|
Primerica Uniting Latinos and Serving Others (PULSO); Asian Pacific Islander (API); |
||
|
and Work Life Balance (WLB). We are evaluating the need to add additional ERGs. |
||
|
Primerica's independent sales force utilizes strategic market groups to |
||
|
encourage professional and personal growth and development, including |
||
|
Women in Primerica, which provides opportunities for networking and |
||
|
mentorship, sales and business management training, and deep learning |
||
|
opportunities customized for women members of the independent sales force. |
||
|
Unconscious bias training |
Beginning in 2021, we adopted diversity commitments for our home office |
|
|
employees in the |
||
|
our employee value proposition and allowed us to further advance our |
||
|
diversity, equality, inclusion, and belonging ("DEIB") agenda. In 2022, we |
||
|
continued to build upon this commitment and launched a mandatory, |
||
|
facilitator-led training platform that spanned multiple sessions over several |
||
|
weeks throughout the |
||
|
a series of learning principles that taught all participants about personal biases |
||
|
and their effect on engagement with others with impactful learning frameworks |
||
|
and workshops focused on proven behaviors that foster an inclusive |
||
|
workplace. |
||
|
Annual anti-sexual harassment |
Primerica fosters a work environment in which employees treat each other |
|
|
training |
with mutual respect and dignity. Employees complete annual mandatory |
|
|
training on the Company'sEqual Employment Opportunity and Anti- |
||
|
Harassment Policy, which describes the processes and procedures for |
||
|
bringing a complaint or concepursuant to the policy. The Corporate |
||
|
Governance Committee of the Board of Directors of |
||
|
responsible for overseeing management's implementation and monitoring of |
||
|
the policy and reviews and approves this policy at least annually. In addition, |
||
|
all people managers receive mandatory sexual harassment prevention |
||
|
training biennially. |
||
7 Percentage of women employees that remained employed by the Company 12 months after their retufrom parental leave out of all women employees that used parental leave during previous fiscal year.
Attachments
Disclaimer


Thinking about going bare? What to know before you cancel your property insurance [Miami Herald]
Researchers from Southern Cross University Describe Findings in COVID-19 (Barriers and Enablers To Nurses’ Engagement With Continuing Professional Development: a Survey): Coronavirus – COVID-19
Advisor News
- Demonstrating the value of life insurance to Gen Z
- Poor money habits are a dealbreaker in a new relationship
- DC plan sponsors see opportunity in alternatives
- The American Dream: Redefined as financial stability
- Partial annuitization: How advisors can help clients balance income, growth
More Advisor NewsAnnuity News
- CA judge certifies class action in teachers’ lawsuit over in-plan annuity fees
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- AM Best Managing Director Joins ‘Target Topics’ Podcast to Discuss State of Delegated Underwriting Authority Enterprises Market
- KBRA Assigns Rating to TruSpire Retirement Insurance Company
- Partial annuitization: How advisors can help clients balance income, growth
More Annuity NewsHealth/Employee Benefits News
- Map: Where Obamacare Enrollment Is Falling
- Data on CDC and FDA Detailed by Researchers at University of New Hampshire (Long Covid Among Adults With Pre-existing Disabilities: Evidence From the 2022 National Health Interview Survey): CDC and FDA
- Digging deep: Who's funding Skagit's 2026 legislative, county races
- Atrium’s WakeMed acquisition faces new hurdle after State Health Plan decision
- New Arizona law provides clarity regarding firefighters’ health insurance
More Health/Employee Benefits NewsLife Insurance News
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- AM Best Upgrades Credit Ratings of Sagicor Financial Company Ltd. and Most of Its Subsidiaries
- Trust, technology and the future of claims
- New York Life Launches an Indemnity Benefit for its Asset Flex Long-Term Care Insurance Solution
- AM Best Affirms Credit Ratings of DB Insurance Co., Ltd.
More Life Insurance News