Primerica Q3 2020 Earnings Report
Key Takeaways
Primerica reported a strong third quarter in 2020, with a 9% increase in total revenues to $568.5 million and a 17% increase in net income to $112.1 million. Earnings per diluted share increased by 23% to $2.81. The company benefited from strong demand for protection products and an increase in average client asset values.
Term Life policies issued increased by 36% with record productivity and policy persistency.
Term Life net premiums grew by 13%, and adjusted direct premiums grew by 14%.
Investment and Savings Products ending client asset values reached a record $72.6 billion.
The Life-Licensed Sales Force increased to 136,306, aided by temporary COVID-related state licensing measures.
Primerica
Primerica
Primerica Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the document.
Revenue & Expenses
Visualization of income flow from segment revenue to net income