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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
Primerica
Primerica Revenue by Segment
Revenue by Segment
Term Life Insurance Revenue
CapyFin.comInvestment and Savings Products Revenue
CapyFin.comCorporate and Other Distributed Products Revenue
CapyFin.com 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.