earnings
confidence high
sentiment neutral
materiality 0.75
Primerica Q4 2022: adjusted EPS $3.49 (+19% YoY); Term Life op income up 23%, ISP sales down 31%
Primerica, Inc.
2022-FY EPS reported
$9.74
revenue$2,720,133,000
- GAAP EPS $3.54; adjusted EPS $3.49 (+19% YoY); ROE 31.6%, adjusted ROAE 27.1%.
- Term Life adjusted operating income $125.3M (+23% YoY) on 5% premium growth; COVID claims declined.
- ISP segment revenue down 20% to $198.3M; product sales $2.09B (-31%) on equity market volatility.
- Life-licensed sales force record 135,208 (+4.4%); new life-licensed reps up 20% to 11,117.
- Senior Health submitted policies down 41%; closed US mortgage volume down 76% to $78.9M.