Primerica Q1 2023 Earnings Report
Key Takeaways
Primerica reported largely unchanged total revenues of $690.0 million compared to Q1 2022. Net income attributable to Primerica increased 9% to $125.1 million, with earnings per diluted share up 16% to $3.38. The company saw growth in term life sales and distribution, with positive net flows in the Investment and Savings Products business.
New life-licensed representatives increased by 11%, with the life-licensed sales force ending the quarter at 136,430, up 5%.
Term Life face amount issued increased by 14% to $28.1 billion.
Investment and Savings Products experienced positive net flows of $642 million.
Net earnings per diluted share (EPS) increased 16% to $3.38, and return on stockholders’ equity (ROE) was 25.5%.
Primerica
Primerica
Primerica Revenue by Segment
Forward Guidance
The Company expects to repurchase a total of $375 million of common stock during 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income