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) delivers essential financial solutions to middle-income families through term life insurance and investment products. This news hub provides investors and stakeholders with timely updates on corporate developments, regulatory filings, and market-moving announcements.
Access authoritative reports on earnings releases, leadership changes, product innovations, and strategic partnerships. Our curated collection ensures transparent tracking of PRI's financial services evolution, including updates on insurance underwriting practices and investment solution enhancements.
Key coverage areas include quarterly earnings analysis, regulatory compliance updates, and operational expansions. Bookmark this page to monitor how Primerica continues to address middle-income financial needs through its network of licensed representatives and product portfolio.
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.
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.
Primerica, Inc. (NYSE: PRI) released its Middle-Income Financial Security Monitor, revealing that while 65% of middle-income families feel positive about their financial situation, the same percentage report their income is falling behind the cost of living, a 9% increase since April. The survey indicates widespread awareness of rising costs, particularly in essentials such as gas and groceries. Moreover, 53% of respondents have life insurance, with increased interest attributed to COVID-19. The overall data highlights an ongoing struggle between optimism and rising financial pressures.
Primerica, Inc. (NYSE: PRI) reported Q2 2021 revenues of $654.7 million, marking a 25% increase year-over-year. Net income rose 26% to $128.2 million, with earnings per share increasing 28% to $3.22. Adjusted operating revenues also increased 25%, reflecting strong demand for investment products and term life protection. However, the company saw elevated death claims due to COVID-19. The investment segment achieved record sales exceeding $3 billion.
Primerica, Inc. (NYSE:PRI) will host a webcast on August 6, 2021, at 9:00 a.m. Eastern to discuss its Q2 2021 results and future expectations. A news release with the earnings details will be published on August 5, 2021, after market close. Primerica, a leading financial services provider for middle-income households in North America, serves about 5.5 million insured lives and oversees over 2.6 million investment accounts as of December 31, 2020. The company ranks as the #2 issuer of Term Life insurance in North America.
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