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Mar 31, 2022
Primerica Q1 2022 Earnings Report
Primerica's first quarter performance was marked by revenue growth in Term Life and Investment and Savings Products, offset by heightened expenses and challenges in the Senior Health segment.
Key Takeaways
Primerica's Q1 2022 results showed an 8% increase in total revenues to $691.2 million, but a 17% decrease in net income to $81.4 million. EPS decreased by 16% to $2.06. The company faced headwinds in the Senior Health segment, while the Term Life and Investment and Savings Products segments showed revenue growth.
Life-licensed sales force decreased 1% year-over-year to 130,206.
Term Life net premiums increased 9%, and adjusted direct premiums increased 10%.
Investment and Savings Products sales increased 7% to $3.1 billion.
Net earnings per diluted share (EPS) decreased 16% to $2.06.
Revenue by Segment
Forward Guidance
Primerica expects to repurchase a total of $306 million of common stock during 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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