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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
Forward Guidance
No specific forward guidance was provided in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income