Primerica Q1 2020 Earnings Report
Key Takeaways
Primerica reported a 6% increase in total revenues, driven by strong sales in Term Life and Investment and Savings Products. However, net income and EPS decreased due to pre-tax realized losses on the invested asset portfolio and mark-to-market adjustments. Adjusted operating EPS increased by 18%.
Investment and Savings Products sales increased by 28% to $2.2 billion.
Issued Term Life policies grew by 11%.
Term Life Insurance net premiums grew by 10%, and adjusted direct premiums grew by 11%.
New life-licensed representatives grew by 5%.
Primerica
Primerica
Primerica Revenue by Segment
Forward Guidance
While the COVID-19 pandemic may adversely impact our financial results in the near-term, our strong momentum at its onset and the flexibility of our sales force and distribution model give us confidence that we will be able to navigate through this major health crisis and any economic downturn.
Revenue & Expenses
Visualization of income flow from segment revenue to net income