Primerica Q3 GAAP EPS $1.37 (down 51%) on $60M goodwill impairment; adjusted EPS $3.02 up 1%

Primerica, Inc.

2022-Q3 EPS reported $6.24 revenue$2,033,194,000

Total revenues $673.3M (-3% YoY); adjusted operating revenues $676.1M (-2%).
GAAP net income $51.8M (-54%); includes $60M non-cash goodwill impairment ($1.59/diluted share).
Term Life net premiums +6%, IPS sales $2.2B (-23%), Senior Health submitted policies -23%.
Declared $0.55 dividend payable Dec 14, 2022; repurchased $97M of common stock in Q3.
Adjusted net operating income $113.9M (-4%); diluted adjusted operating EPS $3.02 (+1%).

item 2.02 item 9.01 item 7.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Primerica, Inc. reported quarter ended September 30, 2022 results: revenue $673.3 million, net income $51.8 million, EPS $1.37.

Period: quarter ended September 30, 2022
Revenue: $673.3 million
Net income: $51.8 million
EPS: $1.37
Result: reported results

Exact text from the filing

Primerica, Inc. (NYSE: PRI) today announced financial results for the quarter ended September 30, 2022. Total revenues were $673.3 million

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Source: SEC EDGAR

accession 0000950170-22-023293

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