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Rhea-AI Summary
Primerica, Inc. has released the Primerica Household Budget Index™ (HBI™), which shows that middle-income households in the US and Canada saw an improvement in purchasing power in September 2023. The average purchasing power for these households increased to 99.3% from 97.4% in August. However, they are still recovering from the impact of high inflation. The index stood at 89.3% in September 2022.
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End-of-Day
0.8%
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Primerica, Inc. will hold a webcast on November 8, 2023, to discuss its Q3 2023 results and other business-related matters. The earnings news release will be distributed on November 7, 2023.
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-1.39%
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Primerica releases Q3 2023 Middle-Income Financial Security Monitor, revealing negative sentiment about personal finances among middle-income Americans.
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0.45%
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Rhea-AI Summary
Primerica's Household Budget Index sees slight decline. Average purchasing power for U.S. middle-income households was 97.4% in August 2023, down from 97.5% in July 2023 and 88.6% in August 2022. Middle-income budgets remain stressed and saving for the future is a challenge. Gas and food costs rose, impacting purchasing power. Inflation has been severe for middle-income households. Credit card debt is high. The index reached a post-pandemic low of 85.4% in June 2022. Average middle-income households have cumulatively spent $2,677 more than budget on basic necessities since January 2019. If not for the pandemic and inflation, the index would be closer to 110%.
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0.11%
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Primerica appoints Tracy Tan as Executive Vice President, Finance and future Chief Financial Officer
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-1.51%
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Middle-income households experienced increased spending power but are still recovering from high inflation in the past 18 months.
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-0.89%
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Primerica, Inc. (NYSE: PRI) announced financial results for Q2 2023. Total revenues increased by 3% to $688.4 million compared to Q2 2022. Net income attributable to Primerica increased by 13% to $144.5 million, and earnings per diluted share increased by 20% to $3.97. ROE was 29.2%. Adjusted operating revenues increased by 3% to $689.6 million, and adjusted net operating income increased by 11% to $145.4 million. ROAE was 26.7%. The company declared a dividend of $0.65 per share and repurchased $111 million of common stock during the quarter.
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-0.35%
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News
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0.52%
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Primerica to hold webcast to discuss Q2 2023 results and future expectations
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0.52%
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Primerica, Inc. (NYSE:PRI) will hold a meeting for its top securities leaders on July 19-20 to discuss the first half of 2023 and review opportunities for growing the securities business. The company is focused on helping middle-income families achieve their financial goals, as only 16% of households are satisfied with their current savings level. Primerica holds $91.5 billion in client assets and had $4.7 billion in investment and savings product sales for the six months ended June 30, 2023.
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Rhea-AI Sentiment
End-of-Day
-0.65%
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PRIMERICA, INC.
NYSE:PRI
PRI Rankings
PRI Stock Data
7.71B
34.61M
0.63%
92.56%
1.04%
Direct Life Insurance Carriers
Finance and Insurance
United States of America
DULUTH
About PRI
primerica’s roots date back to 1977 when the company embarked on a revolutionary crusade to transform the life insurance industry. primerica’s “buy term and invest the difference” philosophy encourages middle-income families to purchase affordable term life insurance so they can have more money to invest in their family’s future. today, primerica has expanded its crusade to address the number one financial disease facing families today: debt. primerica offers solutions to help families eliminate crippling debt from their household finances and save more of their hard-earned money for the future. primerica • serves 6 million clients in the u.s., canada, and puerto rico • more than 100,000 licensed representatives • more than 24,000 licensed mutual fund representatives — the largest sales force in north america • securities clients have nearly $25 billion in assets under management through primerica • placed in force more than $90 billion in life insurance in 2008 • an average of