Welcome to our dedicated page for Primerica news (Ticker: PRI), a resource for investors and traders seeking the latest updates and insights on Primerica stock.
Primerica, Inc. (NYSE: PRI) is a financial services company that focuses on middle-income households in North America, and its news flow reflects that focus. Company announcements frequently highlight developments in its term life insurance and investment and savings products businesses, as well as updates on its large field force of independent licensed representatives.
Investors and observers following PRI news can expect regular coverage of quarterly financial results, where Primerica reports on segment performance in Term Life Insurance, Investment and Savings Products, and Corporate and Other Distributed Products. These releases often discuss trends in term life premiums, client asset values, product sales and the size of the licensed sales force.
Primerica also issues news about capital management actions, such as share repurchase authorizations approved by its Board of Directors. These announcements describe the scope and timing of repurchase programs and reference the company’s view of its capital generation and cash flows.
Another recurring theme in Primerica’s news is its economic research on middle-income families. The company regularly publishes updates on the Primerica Household Budget Index™ (HBI™), a metric that tracks how inflation and wage trends affect the purchasing power of middle-income Americans. Special reports based on the HBI™ and the Financial Security Monitor™ survey provide additional context on how households are responding to changes in the cost of living.
News from Primerica’s Canadian operations may include disclosures from PFSL Fund Management Ltd. and related entities about fund reporting and management activities. Together, these items give a view into how Primerica serves middle-income households through insurance, investment products and financial education. Readers interested in PRI can use the news page to monitor financial performance, research releases and corporate actions over time.
Primerica (NYSE: PRI) reported its financial results for the fourth quarter of 2022, highlighting a 4.4% growth in its life-licensed sales force, reaching a record 135,208 representatives. Term Life net premiums rose by 5%, with adjusted direct premiums up by 6%. Despite GAAP revenues decreasing by 5% to $686.9 million, net income was $131.8 million, translating to earnings per share (EPS) of $3.54, and a return on equity (ROE) of 31.6%. Adjusted operating EPS increased by 19% to $3.49. Investment and Savings Products sales totaled $10 billion for the year, marking the second-highest in company history, despite ongoing market volatility.
Primerica, Inc. (NYSE:PRI) has announced an 18% increase in stockholder dividends to
Primerica, Inc. (NYSE: PRI) has released a report highlighting the financial struggles faced by middle-income families in the U.S. As inflation rises, especially in essentials like food, gas, and utilities, many families are tapping into savings or ceasing to save altogether. The report indicates that 82% of respondents are impacted financially, with prices for necessities peaking at 18.2% above last year. Despite these challenges, 53% of families still rate their financial situation positively. However, there is a disconnect between budgeting plans and actual spending.
Primerica, Inc. (NYSE:PRI) will host a webcast on February 24, 2023, at 10:00 a.m. Eastern time to discuss its results for the quarter ended December 31, 2022, and future business expectations. A news release with financial results will be issued after market close on February 23, 2023. Primerica provides financial services to middle-income households in North America, focusing on term life insurance and investment products. As of December 31, 2021, the company insured over 5.7 million lives and managed over 2.7 million client investment accounts.
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Primerica, Inc. (NYSE: PRI) is set to gather its top sales leaders in Dallas, Texas on January 4-5, 2023, to discuss initiatives for the year ahead. In 2022, Primerica achieved significant milestones, growing its life-licensed representatives to over 135,000 and issuing $104 billion in term life insurance, raising its total coverage to $916 billion. The company paid out approximately $1.9 billion in death claims and helped clients invest nearly $10 billion, reaching total client assets of $84 billion. Looking forward, Primerica plans to introduce innovative products to support middle-income families.
Primerica, Inc. (NYSE: PRI) has authorized a $375 million share repurchase program effective from January 1, 2023 to December 31, 2023. The program allows buybacks through various methods, subject to market conditions and regulations. CEO Glenn Williams emphasized the company's commitment to middle-income families, with over $912 billion in term life coverage and $80 billion in client assets as of September 30, 2022. The Board is also focused on returning capital to shareholders, showcasing their commitment to enhancing shareholder value.
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Primerica reported its Q3 2022 results, indicating a 3% growth in its life-licensed sales force, with term life net premiums increasing 6%. However, total revenues fell 3% to $673.3 million, driven by a 23% drop in Investment and Savings Products sales to $2.2 billion. The net income decreased 54% to $51.8 million, impacted by a $60 million goodwill impairment. Adjusted EPS increased 1% to $3.02. Primerica declared a $0.55 dividend and repurchased $97 million in stock. Despite market volatility, net client inflows in Investment and Savings Products remained positive at $0.7 billion.
Primerica, Inc. (NYSE:PRI) will hold a webcast on November 9, 2022, at 10:00 a.m. Eastern time to discuss the financial results for the quarter ended September 30, 2022. The earnings release will be available after the market close on November 8, 2022. Interested parties can access the webcast and financial supplements via the Primerica Investors website. The company provides financial services primarily to middle-income households in North America, including term life insurance and mutual funds.
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