Primerica Q3 2024 Earnings Report
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.
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