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Primerica Inc - PRI STOCK NEWS

Welcome to our dedicated news page for Primerica (Ticker: PRI), a resource for investors and traders seeking the latest updates and insights on Primerica.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Primerica's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Primerica's position in the market.

Rhea-AI Summary
Primerica, Inc. (PRI) releases the Primerica Household Budget Index™ (HBI™) for February 2024, showing a slight decrease in middle-income households' purchasing power due to rising gas prices. The index was at 101.2%, down from 101.6% in January 2024 and up from 95.9% a year ago.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.48%
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none
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Rhea-AI Summary
Primerica, Inc. (PRI) releases the Primerica Household Budget Index™ (HBI™), showing middle-income households' purchasing power at 101.6% in January 2024, almost unchanged from December 2023. The index has steadily increased since 2014 but dropped to a low of 86.7% in June 2022 due to inflation. Middle-income families have overspent by $2,425 on basic needs since May 2021, with potential growth to 110% without pandemic and inflation impact.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.04%
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none
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Rhea-AI Summary
Primerica, Inc. (PRI) reported strong financial results for Q4 2023, with total revenues up 6% to $726.3 million. Net income increased 4% to $151.9 million, and EPS rose 9% to $4.30. The company experienced growth in life-licensed sales force, term life policies, investment product sales, and client asset values. Despite a small loss in senior health segment, Primerica's robust performance showcased its resilience in meeting financial needs of middle-income families.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.87%
Tags
earnings
Rhea-AI Summary
Primerica, Inc. (NYSE:PRI) has approved a 15% increase in stockholder dividend for the first quarter of 2024 to $0.75 per share. The dividend is payable on March 12, 2024, to stockholders of record on February 21, 2024. This marks the 18th increase since their IPO in April 2010, showing the company's commitment to returning capital to stockholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.77%
Tags
dividends
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Rhea-AI Summary
Primerica, Inc. released its Financial Security Monitor™ (FSM™) survey for Q4 2023, showing middle-income Americans evenly split on the outlook for their personal finances. The Household Budget Index™ (HBI™) indicates middle-income households saw gains in purchasing power that outpaced inflation at levels not seen since February 2022, reaching 102.5% in December, up from 100.5% in November and 96.5% a year ago. The increase was primarily driven by a continued decline in gas prices (falling by 5.8%), with food and healthcare prices increasing by 0.1% and 0.4%, respectively. CEO Glenn J. Williams stated that the HBI™ rise and increased earned income gave families more breathing room, while economic consultant Amy Crews Cutts noted that steady improvements may be needed before middle-income households feel significantly better off. The FSM™ survey data shows that exactly half (50%) of middle-income families report their personal financial situation as being positive, with 80% expressing concern about their financial security.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.36%
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none
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Rhea-AI Summary
Primerica, Inc. (PRI) will host a webcast to discuss its Q4 2023 results and future expectations. The webcast will be held on February 14, 2024, at 10:00 a.m. Eastern time, with the earnings news release and financial supplement available on the Primerica Investors website. A replay of the call will be accessible for approximately 30 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.36%
Tags
earnings
Rhea-AI Summary
Primerica, Inc. (NYSE: PRI) is set to kick off the new year with over 800 of its top field leaders meeting in Dallas, Texas on January 4-5, 2024. The company grew nearly 5% to 141,5721 life-licensed representatives in 2023, issued over $119 billion of term life insurance, and helped clients invest over $9.2 billion. The annual leadership meeting will celebrate 2023 milestones and discuss opportunities ahead for the year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.72%
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none
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Rhea-AI Summary
Primerica, Inc. (NYSE: PRI) announced the release of the Primerica Household Budget Index™ (HBI™), showing a 100.5% average purchasing power for middle-income households in November 2023, up from 99.1% in October and 93.7% a year ago.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.29%
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none
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Rhea-AI Summary
Primerica, Inc. (NYSE:PRI) announces the appointment of Nicholas Jendusa as principal accounting officer and Tracy Tan as Chief Financial Officer, effective December 20, 2023. Ms. Tan will succeed Alison Rand as the Company's CFO no later than April 1, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.5%
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none
Rhea-AI Summary
Primerica, Inc. (NYSE: PRI) released a special report titled, 'Perception vs. Reality: Examining Middle-Income Households’ Financial Outlook Heading into 2024.' The report finds that the compounding impact of inflation has resulted in an average cumulative household budget deficit of nearly $2,500 since May 2021. Middle-income households are disproportionately impacted by the rising cost of necessities, leading to increased financial stress. However, the report highlights that if inflation continues to decline and wages rise at a faster pace than the cost of necessities, middle-income households should find themselves in a gradually improving financial condition in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.89%
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Primerica Inc

NYSE:PRI

PRI Rankings

PRI Stock Data

8.82B
34.61M
0.57%
92.39%
1.04%
Direct Life Insurance Carriers
Finance and Insurance
Link
US
Duluth

About PRI

primerica’s roots date back to 1977 when the company embarked on a revolutionary crusade to transform the life insurance industry. primerica’s “buy term and invest the difference” philosophy encourages middle-income families to purchase affordable term life insurance so they can have more money to invest in their family’s future. today, primerica has expanded its crusade to address the number one financial disease facing families today: debt. primerica offers solutions to help families eliminate crippling debt from their household finances and save more of their hard-earned money for the future. primerica • serves 6 million clients in the u.s., canada, and puerto rico • more than 100,000 licensed representatives • more than 24,000 licensed mutual fund representatives — the largest sales force in north america • securities clients have nearly $25 billion in assets under management through primerica • placed in force more than $90 billion in life insurance in 2008 • an average of