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 released its latest Financial Security Monitor™ survey, indicating that most middle-income Canadians lack basic financial education. The survey reveals 68% believe their education didn't prepare them for managing finances. Specific gaps include understanding taxes (85%), managing loans (81%), and setting budgets (77%). Despite financial challenges and inflation concerns, 65% rate their personal finances positively, though 75% see their province's economic health as poor. Saving habits are improving, with 72% holding a savings account. Inflation and health expenses are top worries (61% each). Most (72%) think financial advice should be universal, but only 38% think they can afford it.
Primerica, Inc. (NYSE: PRI) reported strong financial results for the first quarter of 2024, with total revenues up 8% to $742.8 million. Net income increased by 8% to $137.9 million, and earnings per diluted share rose by 14% to $3.93. The company saw growth in recruiting and licensing, with a 5% increase in the life-licensed sales force and a 16% increase in new representatives. Term life net premiums grew by 5%, and Investment and Savings Products sales increased by 20% to $2.8 billion. Client asset values also rose by 18% to $103 billion. Adjusted operating EPS increased by 10% to $3.91, and the company declared a dividend of $0.75 per share. Primerica remains optimistic about future growth opportunities.
Primerica, Inc. (NYSE: PRI) reported a decline in the Primerica Household Budget Index™ for middle-income households for the third consecutive month. The average purchasing power in March 2024 dropped to 100.5% from 101.2% in February 2024, attributed to the increasing prices of necessity goods, with gas prices rising by 6.4% since the beginning of the year.
FAQ
What is the current stock price of Primerica (PRI)?
What is the market cap of Primerica (PRI)?
