Primerica Stock Price, News & Analysis

Primerica reported strong financial results for Q4 2021, with total revenues of $724.1 million, a 21% increase from Q4 2020. The adjusted operating EPS rose 20% to $2.94. However, a goodwill impairment charge of $76 million in the Senior Health segment impacted net income, leading to EPS of $0.87. Sales in Investment and Savings Products grew 46%, with net inflows of $1.2 billion. The life-licensed sales force numbered 129,515. The Board also announced a $50 million increase to the share repurchase program.

Primerica, Inc. (NYSE:PRI) has announced a 17% increase in its stockholder dividends, raising it to $0.55 per share. This dividend will be payable on March 14, 2022, to stockholders of record as of February 22, 2022. The company provides financial services primarily to middle-income households across North America, having insured approximately 5.5 million lives and managed over 2.6 million client investment accounts as of December 31, 2020.

Primerica, Inc. (NYSE:PRI) announced a webcast scheduled for February 15, 2022 at 10:00 a.m. Eastern Time to discuss the company's quarterly results for the period ending December 31, 2021. A news release with these results will be issued post-market on February 14, 2022. The earnings release and financial supplements will be accessible on the Primerica Investors website, with a replay available for approximately 30 days.

Primerica, Inc. (NYSE: PRI) released the Fourth Quarter 2021 Middle-Income Financial Security Monitor, revealing key trends among middle-income families. While 64% express confidence in their current finances, 68% foresee their income falling behind rising costs, marking a significant increase since the survey began. Concerns about COVID persist with 82% expecting continued variant spread. Notably, 28% report rising credit card debt in the past three months. The survey highlights a critical financial landscape as families grapple with increasing living costs and job stability.

Primerica, Inc. (NYSE:PRI) reported record investment and savings product sales exceeding $11 billion for the year, with client asset values projected at $97 billion. CEO Glenn Williams highlighted ongoing support for middle-income households, with $109 billion in term life insurance coverage issued and $2.1 billion in death claims paid. The firm also recruited 348,000 new representatives and repurchased $18.7 million of its common stock, reflecting a commitment to shareholder value.

Primerica, Inc. (NYSE: PRI) has authorized a $275 million share repurchase program effective through December 31, 2022. This follows a previous $300 million program and reflects the company's commitment to returning value to shareholders. Repurchases will commence in 2021 through various market methods, depending on conditions. CEO Glenn Williams highlighted the company's strong financial performance and ongoing growth in its investment and savings sector, alongside increased demand for life insurance.

Primerica, Inc. (NYSE: PRI) has priced a public offering of $600 million in 2.800% Senior Notes due 2031, expected to close on November 19, 2021. The proceeds will be used to redeem $375 million in 4.750% senior unsecured notes due July 2022, repay $125 million of borrowings under its revolving credit facility, and for general corporate purposes including potential share repurchases. Wells Fargo Securities, Citigroup Global Markets, and J.P. Morgan Securities are managing the offering. Forward-looking statements indicate uncertainties in completion and usage of proceeds.

Primerica reported strong financial results for Q3 2021, with total revenues of $693.2 million, a 22% increase year-over-year. Investment and Savings Products sales surged 52% to $2.79 billion, enhancing client asset values to $92 billion. While net income remained steady at $112.4 million and diluted EPS at $2.82, the acquisition of e-TeleQuote resulted in a $4.6 million net loss, affecting earnings per diluted share by $0.12. The company declared a $0.47 dividend, payable on December 14, 2021, marking continued shareholder returns.

Primerica, Inc. (NYSE:PRI) will host a webcast on November 9, 2021, at 10:00 a.m. Eastern Time to discuss its earnings for the quarter ended September 30, 2021. The earnings announcement will be released after market close on November 8, 2021. Primerica is a leader in providing financial services to middle-income households in North America, with approximately 5.5 million lives insured and 2.6 million client investment accounts as of December 31, 2020.