Primerica Stock Price, News & Analysis

Primerica (NYSE: PRI) released its monthly Household Budget Index™ (HBI™) showing improved purchasing power for middle-income households. The index, which tracks families with incomes between $30,000 and $130,000, reached 103.6% in November 2024, up from 103.1% in October 2024. This represents the seventh consecutive monthly increase and marks a 2.8% improvement from the previous year.

The purchasing power has reached its highest level since January 2021, primarily driven by declining gas prices and stable costs for other necessity goods. The HBI™ serves as an indicator of financial health for middle-income families in the United States and Canada.

Primerica (NYSE: PRI) released its latest Household Budget Index™ (HBI™) showing improved purchasing power for middle-income households. The index, which tracks families with incomes between $30,000 and $130,000, reached 103.1% in October 2024, up from 102.7% in September 2024. This represents the sixth consecutive monthly increase and the highest level since January 2021. The index shows a 3.4% year-over-year improvement, primarily attributed to declining gas prices in October.

PFSL Fund Management has announced a risk rating change for the Primerica Income Fund from 'low' to 'low to medium'. This adjustment follows the Canadian Securities Administrators' risk rating methodology and PFSL's periodic review of its publicly-offered mutual funds. The Fund's investment objective, strategies, and management remain unchanged. The updated risk rating will be incorporated into the Fund's offering documents in compliance with securities laws.

Primerica (NYSE: PRI) has announced a new $450 million share repurchase program extending through December 31, 2025. The program, authorized by the Board of Directors, will be executed through open market transactions, block trades, and/or privately negotiated transactions, subject to market and regulatory conditions. CEO Glenn Williams attributed the decision to the company's success in revenue growth and free cash flow generation. The company maintains discretion to discontinue the program at any time and will conduct repurchases in compliance with regulatory guidelines, including Rule 10b-18 of the Securities Exchange Act.

Primerica (NYSE: PRI) reported strong Q3 2024 results with total revenues of $774.1 million, up 11% year-over-year. Net income from continuing operations reached $194.7 million, increasing 24%. The company's life-licensed sales force grew 7% to 148,890 representatives, with new life licenses up 17%. Term Life net premiums grew 5% with adjusted direct premiums up 6%. Investment and Savings Products showed remarkable growth with sales up 34% to $2.9 billion and client asset values increasing 26% to $111 billion. The company declared a dividend of $0.90 per share and repurchased $128.8 million of common stock during the quarter.

Primerica (NYSE: PRI) released its latest Household Budget Index™ (HBI™) showing improved purchasing power for middle-income households. The index, which tracks families with incomes between $30,000 and $130,000, reached 102.7% in September 2024, up from 102.1% in August 2024. This marks the fifth consecutive monthly increase in purchasing power, primarily driven by sharp declines in gas prices.

Primerica (NYSE:PRI) has announced it will host a webcast on Thursday, November 7, 2024, at 10:00 a.m. Eastern time. The webcast will discuss the company's third quarter 2024 financial results for the period ended September 30, 2024, along with other business matters and future expectations. The earnings release will be distributed after market close on Wednesday, November 6, 2024. Both the earnings release and webcast will be accessible via the Primerica Investors website, with a replay available for approximately 30 days.

Primerica's Q3 2024 Financial Security Monitor™ survey reveals middle-income Americans are increasingly pessimistic about their finances, despite an uptick in purchasing power. Key findings include:

1. 55% rate their personal financial situation negatively, a 6-point increase from the previous survey.
2. 35% report increased credit card debt in the past three months, a 5-point jump.
3. Inflation remains the top concern (40%), followed by paying for food and groceries (33%).
4. Only 51% can afford a doctor's visit.
5. The Household Budget Index™ reached 102.2% in August 2024, up from 97.2% a year ago.

Despite economic improvements, the lingering effects of pandemic-era inflation continue to impact middle-income families' financial outlook.

Primerica, Inc. (NYSE: PRI) has released the Primerica Household Budget Index™ (HBI™) for August 2024, showing an increase in purchasing power for middle-income families. The index, which measures the purchasing power of households with incomes between $30,000 and $130,000, rose to 102.2% in August from 101.5% in July 2024.

This marks the highest level since February 2021 and represents a 5% increase from August 2023, when the index stood at 97.2%. The improvement in purchasing power is attributed to falling gas and utilities prices, along with steady food prices. For more information, visit www.householdbudgetindex.com.