Primerica Q4 2020 Earnings Report
Key Takeaways
Primerica reported a 12% increase in total revenues to $598.3 million and a 13% increase in earnings per diluted share (EPS) to $2.52 for Q4 2020. The company's life-licensed sales force grew by 3% to 134,907, and investment and savings products sales increased by 4% to $2.1 billion. The Board of Directors approved a share repurchase program totaling $300 million and an 18% increase in dividends.
Total revenues increased by 12% to $598.3 million compared to Q4 2019.
Earnings per diluted share (EPS) rose by 13% to $2.52.
Life-licensed sales force grew to 134,907, a 3% increase year-over-year.
Investment and Savings Products sales increased by 4% to $2.1 billion.
Primerica
Primerica
Primerica Revenue by Segment
Forward Guidance
Primerica's Board of Directors authorized the repurchase of up to $300 million of the Company’s common stock through June 2022 and approved an 18% increase in stockholder dividends to $0.47 per share, payable on March 15, 2021, to stockholders of record on February 22, 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income