Picture of Primerica logo

PRI — Primerica News Story

0.000.00%
us flag iconLast trade - 00:00
FinancialsConservativeLarge CapSuper Stock

Primerica Q1 adjusted revenue and EPS beat estimates

Overview

U.S. financial services distributor's Q1 adjusted revenue rose 9%, beating analyst expectations

Adjusted EPS for Q1 increased 19%, beating analyst expectations

Company repurchased $135 mln of common stock during the quarter

Outlook

Primerica sees continued momentum in Investment and Savings Products segment

Result Drivers

ISP SALES MOMENTUM - Record Investment and Savings Products sales and higher client asset values drove revenue growth, supported by broad product offering and favorable equity markets

TERM LIFE STABILITY - Term Life business contributed stable results, driven by large in-force block of policies, despite declines in new policy issuance and recruiting

INVESTED ASSET PORTFOLIO - Higher net investment income reduced losses in Corporate and Other Distributed Products segment

Company press release: ID:nBw63Nyv8a

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 Adjusted RevenueBeat$872.30 mln$855.41 mln (4 Analysts)
Q1 Adjusted EPSBeat$5.96$5.48 (8 Analysts)
Q1 EPS$5.97
Q1 Net Income$190.10 mln
Q1 Adjusted operating income$189.80 mln
Q1 ROE30.60%
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell" The average consensus recommendation for the life & health insurance peer group is "buy." Wall Street's median 12-month price target for Primerica Inc is $302.50, about 9% above its May 5 closing price of $277.47 The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Recent news on Primerica

See all news