Primerica delivered solid third-quarter results, with total revenues increasing by 8% to $839.9 million and net income rising by 6% to $206.8 million. Diluted EPS grew by 11% to $6.35, driven by strong Investment and Savings Products sales and steady growth in Term Life premiums. The company also reported record ISP client asset values and a growing life-licensed sales force.
Total revenues reached $839.9 million, an 8% increase from the prior year period.
Net income grew by 6% to $206.8 million, with diluted EPS increasing by 11% to $6.35.
Investment and Savings Products (ISP) sales hit a record $3.7 billion, up 28%, and client asset values reached $126.8 billion, up 14%.
The life-licensed sales force expanded by 2% to 152,200 representatives, and adjusted direct premiums for Term Life grew by 5%.
The earnings report does not contain explicit forward-looking guidance for future quarters or the full fiscal year. However, the company's consistent performance and strategic focus on complementary business segments suggest continued stability and growth.
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