Primerica Q2 revenue rises on strong client demand, favorable equity markets

Primerica

05/08/2026 22:02

Overview
U.S. financial services distributor's Q2 adjusted revenue rose 8% but slightly missed analyst expectations
Adjusted EPS for Q2 increased 17%, beating analyst expectations
Company repurchased $135 mln of common stock during the quarter

Outlook
Company did not provide specific guidance or outlook for future quarters or the full year

Result Drivers
INVESTMENT SALES GROWTH - Record investment sales and higher client asset values driven by strong client demand and favorable equity markets
TERM LIFE STABILITY - Term Life business generated stable earnings and predictable cash flow due to large in-force policy block
LOWER NEW POLICY ISSUANCE - Fewer new life insurance policies issued and lower pre-tax income in Term Life segment

Company press release: ID:nBwb84xDGa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted Revenue
Slight Miss*
$863 mln
$870.61 mln (4 Analysts)
Q2 Adjusted EPS
Beat
$6.41
$6.03 (8 Analysts)
Q2 EPS
 
$6.45
 
Q2 Net Income
 
$202 mln
 
Q2 Adjusted operating income
 
$201 mln
 
Q2 ROE
 
32.10%
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 $309.00, about 2.9% below its August 4 closing price of $318.15
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads
Aug 4 - Equitable Holdings Q2 adjusted EPS beats estimates as AUM rises
Aug 3 - Jackson Financial Q2 profit jumps on favorable hedging, annuity sales growth
Aug 4 - Voya Financial Q2 profit falls on lower investment income, severance costs

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.)