Loading...
•
Sep 30, 2023
Primerica Q3 2023 Earnings Report
Primerica's Q3 2023 results reflected strong financial performance, driven by growth in the life-licensed sales force and solid performance in the Term Life and Investment and Savings Products segments.
Key Takeaways
Primerica reported a strong third quarter in 2023, with a 6% increase in total revenues to $710.9 million and a 91% increase in net income to $152.1 million. Adjusted operating EPS increased by 14% to $4.28. The life-licensed sales force grew by 4% year-over-year, and both the Term Life and Investment and Savings Products segments showed solid growth.
Total revenues increased by 6% to $710.9 million compared to Q3 2022.
Net income increased by 91% to $152.1 million, with EPS at $4.23.
Adjusted operating EPS increased by 14% to $4.28.
Life-licensed sales force grew by 4% to 139,053.
Primerica
Primerica
Primerica Revenue by Segment
Revenue by Segment
Term Life Insurance Revenue
CapyFin.comInvestment and Savings Products Revenue
CapyFin.comCorporate and Other Distributed Products Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income