Primerica Q3 adjusted EPS beat estimates on higher premiums

Primerica

05/11/2025 22:37

Overview

Primerica Q3 adjusted revenue and EPS beat analyst expectations

Record ISP sales of $3.7 bln, up 28% yr/yr

Company repurchased $129 mln of common stock during the quarter

Outlook

Company did not provide specific guidance for future quarters or full year in the statement

Result Drivers

ISP SALES GROWTH - Record ISP sales of $3.7 bln, up 28% yr/yr, driven by strong demand and favorable equity markets

TERM LIFE PREMIUMS - Term Life net premiums increased 3% with adjusted direct premiums growing 5%, despite a 15% decline in new policies issued

ACTUARIAL ASSUMPTION REVIEW - Annual actuarial assumption review resulted in a net remeasurement gain of $23.1 mln, impacting earnings positively

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted Revenue
Beat
$838.90 mln
$825.39 mln (5 Analysts)
Q3 Adjusted EPS
Beat
$6.33
$5.54 (9 Analysts)
Q3 EPS
$6.35
Q3 Net Income
$206.80 mln
Q3 Adjusted operating income
$206.10 mln
Q3 ROE
35.90%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 6 "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 $320.00, about 18.6% above its November 4 closing price of $260.41

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nBw5qXxqka

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@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.)