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Jun 30, 2020
Primerica Q2 2020 Earnings Report
Primerica's financial performance reflected growth in term life sales and resilience in investment and savings products amidst market uncertainty.
Key Takeaways
Primerica reported a 4% increase in total revenues to $525.8 million and a 4% increase in net income to $101.5 million compared to Q2 2019. Earnings per diluted share increased 10% to $2.51, with ROE remaining robust at 25.6%. The company saw strong term life sales and client asset values recovered, while investment and savings product sales declined due to market uncertainty.
Issued Term Life policies grew by 20%.
Term Life net premiums increased by 10%.
Life-Licensed Sales Force reached 134,157, supported by temporary COVID-19 state licensing measures.
Investment and Savings Products client asset values recovered to $68 billion.
Revenue by Segment
Forward Guidance
The company expects to repurchase $250 million of its common stock during 2020.
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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