Primerica Q2 2020 Earnings Report
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.
Primerica
Primerica
Primerica 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