Primerica (NYSE: PRI) reported Q2 EPS of $2.44, $0.36 better than the analyst estimate of $2.08. Revenue for the quarter came in at $525.82 million versus the consensus estimate of $510.93 million.

• Issued Term Life policies grow 20%
• Term Life net premiums grow 10%; adjusted direct premiums grow 11%
• Life-Licensed Sales Force of 134,157 aided by temporary COVID-19 state licensing measures
• Investment and Savings Products client asset values recover from the first quarter market disruption, ending the quarter at $68 billion
• Investment and Savings Products sales decline 13%; in line with Company expectations
• Net earnings per diluted share (EPS) of $2.51, up 10%; return on stockholders’ equity (ROE) of 25.6%
• Diluted adjusted operating EPS of $2.44, up 10%; adjusted net operating income return on adjusted stockholders’ equity (ROAE) of 25.6%
• Declared dividend of $0.40 per share, payable on September 14, 2020

“Our second quarter performance reflects the complementary nature of our two product lines. Term Life sales grew, aided by clients’ increased priority on preserving the financial security of their families, as momentum slowed in ISP sales due to uncertainty in the markets,” said Glenn Williams, Chief Executive Officer. “Our sales force’s resilience and our ability to adapt to the challenges posed by the crisis positioned us well to quickly respond to clients’ needs.”

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