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Mar 31, 2024
Primerica Q1 2024 Earnings Report
Primerica's financial results for Q1 2024 reflected strength in core Term Life and ISP segments, stability in term life insurance, higher investment products sales, client asset value appreciation, and higher interest rates, offset by Senior Health weakness.
Key Takeaways
Primerica reported an 8% increase in total revenues, reaching $742.8 million for Q1 2024. Net income increased by 8% to $137.9 million, and earnings per diluted share increased by 14% to $3.93. The company saw growth in its Term Life and Investment and Savings Products segments, but experienced weakness in the Senior Health business.
Life-licensed sales force increased by 5% to 142,855.
Investment and Savings Products sales increased by 20% to $2.8 billion.
Investment and Savings Products client asset values increased by 18% to $103 billion.
Earnings per diluted share (EPS) increased 14% to $3.93.
Primerica
Primerica
Primerica Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the report excerpt.
Revenue & Expenses
Visualization of income flow from segment revenue to net income