Primerica
🇺🇸 NYSE:PRI
•
Dec 31, 2024
Primerica Q4 2024 Earnings Report
Primerica reported strong financial performance with double-digit growth in revenue and adjusted earnings per share.
Key Takeaways
Primerica delivered solid results in Q4 2024, with 12% YoY revenue growth, driven by strong Investment and Savings Products (ISP) sales and higher client asset values. Net income rose 9%, while adjusted EPS increased by 17%. The company also expanded its life-licensed sales force and raised its dividend by 16%.
Total revenue increased by 12% YoY to $788,109,000.
Net income rose by 9% YoY to $167,676,000.
Investment and Savings Products (ISP) sales surged by 41%.
Life-licensed sales force reached a record 151,611 representatives.
Primerica Revenue
Primerica EPS
Primerica Revenue by Segment
Forward Guidance
Primerica expects continued growth in investment and savings products, while economic headwinds could impact middle-income households' purchasing power.
Positive Outlook
- Strong ISP sales momentum with continued client asset growth.
- Expansion of life-licensed sales force supports future revenue growth.
- Equity market conditions expected to remain favorable.
- Cost efficiencies and technology investments enhancing profitability.
- Increased dividend and new share repurchase program signal confidence.
Challenges Ahead
- Cost of living pressures may impact term life insurance sales.
- Market volatility could affect investment product sales and asset values.
- Higher technology and operational expenses could weigh on margins.
- Regulatory changes could impact financial product distribution.
- Rising competition in investment and insurance sectors.