Primerica (NYSE: PRI) reported Q1 EPS of $2.05, $0.10 better than the analyst estimate of $1.95. Revenue for the quarter came in at $524.9 million versus the consensus estimate of $519.77 million.

• Investment and Savings Products sales increase 28% to $2.2 billion
• Issued Term Life policies grow 11%
• Term Life Insurance net premiums grow 10%; adjusted direct premiums grow 11%
• Strong momentum in recruiting leads to 5% growth in new life-licensed representatives
• Net earnings per diluted share (EPS) of $1.75, down 5%; return on stockholders’ equity (ROE) of 18.2%
• Diluted adjusted operating EPS of $2.05, up 18%; adjusted net operating income return on adjusted stockholders’ equity (ROAE) of 21.8%
• Declared dividend of $0.40 per share, payable on June 15, 2020

“Our quarterly results reflect the strength of our financial position and the sales momentum that has been building for some time,” said Glenn Williams, Chief Executive Officer. “While the COVID-19 pandemic may adversely impact our financial results in the near-term, our strong momentum at its onset and the flexibility of our sales force and distribution model give us confidence that we will be able to navigate through this major health crisis and any economic downturn.”

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