Primerica (PRI) Tops Q2 EPS by 12c, Slight Beat on Revenues

Primerica (NYSE: PRI) reported Q2 EPS of $1.93, $0.12 better than the analyst estimate of $1.81. Revenue for the quarter came in at $467.82 million versus the consensus estimate of $466.91 million.

Glenn Williams, Chief Executive Officer, said, “We achieved 43% growth in EPS year-over-year and 24.5% ROE in the second quarter, reflecting solid performance, ongoing share repurchases and the benefits of Tax Reform. Income before income taxes grew 18% over the prior year period driven by increases of 23% and 9% for the Term Life and the ISP segments, respectively. Our sales force leadership continued to perform well, with the size of our life insurance licensed sales force exceeding 130,000, Term Life productivity remaining at the top of historical levels and Investment and Savings Products (ISP) sales near record highs. We delivered for our stakeholders in the second quarter and continue to be well positioned to provide meaningful value creation on a long-term basis.”

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

You May Also Be Interested In

• 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
• Aspire Biopharma to acquire automotive supplier for $30 million
• Investing.com’s stocks of the week