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Sep 30, 2024
Primerica Q3 2024 Earnings Report
Primerica's Q3 2024 results reflected strong distribution and sales growth, driven by recruiting momentum and favorable market conditions.
Key Takeaways
Primerica reported strong third-quarter results, with an 11% increase in total revenues to $774.1 million and a 31% increase in net earnings per diluted share to $5.72. The company benefited from sustained recruiting momentum, growth in new life-licensed representatives, and favorable equity market conditions.
Life-licensed sales force grew by 7%, driven by solid recruiting and a 17% increase in new life licenses.
Investment and Savings Products sales increased by 34% to $2.9 billion.
Investment and Savings Products client asset values rose by 26%, ending the quarter at $111 billion.
Net earnings per diluted share increased by 31% to $5.72, including a remeasurement gain of $0.52 per diluted share.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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