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Jun 30, 2023
Primerica Q2 2023 Earnings Report
Primerica's financial performance was marked by growth in key areas, including the life-licensed sales force and term life policies issued, alongside improvements in investment and savings products.
Key Takeaways
Primerica reported a 3% increase in total revenues, reaching $688.4 million, and a 13% increase in net income attributable to Primerica, amounting to $144.5 million. Earnings per diluted share increased by 20% to $3.97. The company's ROE was 29.2% for the quarter.
Life-licensed sales force grew by 4% to nearly 138,000, driven by a 10% increase in new life-licensed representatives.
Nearly 97,000 new Term Life policies were issued, up 9%, with a total face amount issued of $32 billion, up 16%.
Investment and Savings Products results improved due to strengthening equity markets, positively impacting client asset values.
Net earnings per diluted share increased by 20% to $3.97, and return on stockholders’ equity was 29.2%.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
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Avg. Return Before/After Earnings
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