Primerica (PRI) Misses Q1 EPS by 21c, Beats on Revenue

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Primerica Reports First Quarter 2024 Results

May 6, 2024 4:15 PM EDT

Continued momentum in recruiting and licensing, up 18% and 16%, respectively

Life-licensed sales force ended the quarter at 142,855, up 5%

Term Life net premiums grew 5%; adjusted direct premiums grew 6%

Investment and Savings Products sales of $2.8 billion, up 20%

Investment and Savings Products client asset values up 18%, ending the quarter at $103 billion

Earnings per diluted share (EPS) of $3.93 increased 14%; return on stockholders equity (ROE) was 25.9%

Diluted adjusted operating EPS of $3.91 increased 10%;... More