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PRI — Primerica News Story

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Primerica Q2 adjusted EPS beats estimates

Overview

Primerica Q2 adjusted rev rises 7%, beating analyst expectations, per LSEG data

Adjusted EPS for Q2 beats estimates, per LSEG data

ISP sales up 15%, client asset values reach record $120 bln

Outlook

Company remains confident in sales force amid economic uncertainty

Result Drivers

ISP GROWTH - Investment and Savings Products sales rose 15%, with client asset values reaching a record $120 bln

TERM LIFE PREMIUMS - Term Life adjusted direct premiums increased 5%, supporting a 3% rise in revenues

SALES FORCE EXPANSION - Life-licensed sales force grew 5% year-over-year, reaching 152,592 representatives

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 Adjusted RevenueBeat$796 mln$787.60 mln (6 Analysts)
Q2 Adjusted EPSBeat$5.46$5.21 (10 Analysts)
Q2 EPS$5.4
Q2 Net Income$178.30 mln
Q2 Adjusted operating income$180.40 mln
Q2 ROE31.3%
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 7 "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 $297.00, about 11.1% above its August 5 closing price of $264.05 The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago Press Release: ID:nBw6wN7rTa (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.)

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