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 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.
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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
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
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.
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