Primerica Stock Price, News & Analysis

PFSL Fund Management Ltd. announced that as of July 6, 2022, its Primerica Concert™ Allocation Series of Funds will open for limited trading, exclusively for existing investors. The funds, managing over $4.6 billion in assets, will accept pre-authorized purchases, redemptions, and client-directed trades at their discretion. PFSL will continue active management with a focus on achieving superior performance. LifeWorks Investment Management Ltd. and AGF Investments Inc. will assist in asset allocation and daily trades, respectively.

Primerica, Inc. announced its upcoming International Convention in Atlanta from June 29 to July 2, projected to host 35,000 attendees and generate an economic impact of $36 million. This significant corporate gathering will highlight the company’s achievements under the theme “Decade of Dominance.” The event promises workshops, inspiring speakers, and exhibits, showcasing Primerica's dedication to helping middle-income families with financial education and services. Primerica aims to hold the convention again in 2024.

Primerica, Inc. (NYSE:PRI) has been named to the Fortune 1000 list for the third consecutive year, ranking 895 with approximately $2.7 billion in revenue for fiscal year 2021. This marks an improvement from its 2020 debut at number 980. CEO Glenn Williams highlighted the company's resilience during the pandemic and credited their representatives for successfully adapting to challenges. Primerica serves middle-income families across the U.S., Canada, and Puerto Rico, providing essential financial services and insurance products.

Primerica, Inc. (NYSE:PRI) has elected Amber Cottle to its Board of Directors, enhancing female representation to 36%. She replaces former Senator Saxby Chambliss, who served for five years. Cottle brings over 25 years of experience in government affairs, having held significant roles at Dropbox and Apple. This move reflects Primerica's commitment to diversity and aims to strengthen governance through her extensive background in public policy and corporate governance.

Primerica reported financial results for Q1 2022 with total revenues rising 8% to $691.2 million year-over-year. However, net income fell 17% to $81.4 million, and diluted EPS declined 16% to $2.06. Life-licensed sales force grew to 130,206, and Term Life net premiums increased 9%. The Investment and Savings Products segment saw sales of $3.1 billion, up 7%. The Senior Health segment faced challenges, resulting in a pre-tax operating loss of $19 million. Primerica declared a dividend of $0.55 per share and repurchased $99 million of common stock during the quarter.

Primerica, Inc. (NYSE:PRI) will host a webcast on May 6, 2022, at 9:00 a.m. Eastern time to discuss its financial results for the quarter ending March 31, 2022. The earnings release will be published after market close on May 5, 2022. The webcast and financial documents will be accessible on the Primerica Investors website. As of December 31, 2021, Primerica insured over 5.7 million lives and managed over 2.7 million investment accounts.

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.