Primerica Q1 net EPS $3.38, up 16%; term life face amount +14% to $28.1B

Primerica, Inc.

2023-Q1 EPS reported $3.38 revenue$690,036,000

Net income $125.1M (+9%); diluted EPS $3.38 (+16%); adjusted EPS $3.49 (+18%).
Term life face amount issued $28.1B (+14% YoY); life-licensed sales force up 5% to 136,430.
ISP revenues $210.2M (-13%); sales down 25%; positive net flows $642M.
Senior Health segment loss narrowed to $3.8M from $19.0M on improved profitability.
Declared dividend $0.65/share payable June 12; repurchased $85M of stock in Q1.

item 2.02 item 9.01 item 7.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Primerica, Inc. reported the quarter ended March 31, 2023 results: revenue $690.0 million, net income $125.1 million, EPS $3.38 per diluted share.

Period: the quarter ended March 31, 2023
Revenue: $690.0 million
Net income: $125.1 million
EPS: $3.38 per diluted share
Result: reported results

Exact text from the filing

Primerica, Inc. (NYSE: PRI) today announced financial results for the quarter ended March 31, 2023. Total revenues of $690.0 million were largely unchanged compared to the first quarter of 2022. Net income attributable to Primerica of $125.1 million increased 9%, while earnings per diluted share of $3.38 increased 16% compared to the same period in the prior year. ROE was 25.5% for the quarter. Adjusted operating revenues of $695.0 million were relatively unchanged compared to the first quarter of 2022. Adjusted net operating income of $128.9 million increased 10%, while adjusted operating earnings per diluted share of $3.49 increased 18% compared to the same period in the prior year. ROAE was 24.2% for the quarter.

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Source: SEC EDGAR

accession 0000950170-23-018884

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