Primerica (PRI) Misses Q1 EPS by 2c, Slight Beat on Revenues

Primerica (NYSE: PRI) reported Q1 EPS of $1.47, $0.02 worse than the analyst estimate of $1.49. Revenue for the quarter came in at $459.92 million versus the consensus estimate of $459.83 million.

• 8% increase in life insurance licensed representatives to over 127,000
• 15.5% growth in Term Life net premiums
• 12% increase in Investment and Savings Products (ISP) sales
• 31% growth in net earnings per diluted share (EPS) and 32% growth in adjusted operating EPS to $1.47
• Net income return on stockholders’ equity (ROE) of 18.5% and adjusted net operating income return on adjusted stockholders’ equity (ROAE) of 19.0%
• Declared dividend of $0.25 per share, payable June 15, 2018

For earnings history and earnings-related data on Primerica (PRI) click here.

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