• Primerica average gross margin for 2023 was 75.73%, a 0.57% increase from 2022.
• Primerica average gross margin for 2022 was 75.3%, a 5.7% increase from 2021.
• Primerica average gross margin for 2021 was 71.24%, a 2.16% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.