Primerica Stock Price, News & Analysis

Primerica, Inc. (NYSE:PRI) will host a webcast on May 9, 2023, at 10:00 a.m. Eastern time to discuss its quarterly results for the period ending March 31, 2023. The earnings announcement will occur after market close on May 8, 2023. Investors can access the earnings news release and supplemental financial information through the Primerica Investors website, with a replay of the call available for 30 days. Primerica, based in Duluth, GA, serves middle-income households in North America, providing financial services including term life insurance, mutual funds, and annuities. As of December 31, 2022, the company insured over 5.7 million lives and managed over 2.8 million client investment accounts.

Primerica, Inc. (NYSE:PRI) is set to host its 23rd annual African American Leadership Council (AALC) Conference from March 24-26, 2023, in Orlando, Florida. With an expected attendance of over 3,500, the conference, themed “It’s Your Move”, will focus on leadership and financial education tailored to African American communities. Key speakers will include Primerica CEO Glenn Williams and Senior National Sales Director Ivan Earle. The AALC aims to mentor emerging leaders and support various charitable causes, including a donation to the Boris L. Henson Foundation for mental health initiatives in Black communities.

Primerica (NYSE: PRI) reported its financial results for the fourth quarter of 2022, highlighting a 4.4% growth in its life-licensed sales force, reaching a record 135,208 representatives. Term Life net premiums rose by 5%, with adjusted direct premiums up by 6%. Despite GAAP revenues decreasing by 5% to $686.9 million, net income was $131.8 million, translating to earnings per share (EPS) of $3.54, and a return on equity (ROE) of 31.6%. Adjusted operating EPS increased by 19% to $3.49. Investment and Savings Products sales totaled $10 billion for the year, marking the second-highest in company history, despite ongoing market volatility.

Primerica, Inc. (NYSE:PRI) has announced an 18% increase in stockholder dividends to $0.65 per share. This dividend will be payable on March 14, 2023, to stockholders of record on February 21, 2023. CEO Glenn Williams expressed satisfaction with the company's ongoing cash generation, which has enabled yearly dividend increases since its IPO in April 2010. Primerica, headquartered in Duluth, GA, provides financial services to middle-income households, offering term life insurance and investment products.