Primerica reports Q3 2023 adjusted EPS $4.28, up 14% YoY; net income up 91%

Primerica, Inc.

2023-Q3 EPS reported $11.65 revenue$2,089,353,000

Net earnings per diluted share $4.23 vs $2.11 (incl. goodwill impairment); adjusted operating EPS $4.28 up 14%.
Total revenues $710.9M (+6% YoY); adjusted net operating income $153.8M (+9%).
Life-licensed sales force grew 4% to 139,053; Term Life pre-tax income $141.2M (+7%); ISP pre-tax $64.4M (+9%).
Senior Health segment operating loss $7.6M vs loss $3.7M; contract acquisition costs elevated ahead of AEP.
ROE 28.1%; ROAE 28.0%; issued term life face amount up 13% to $29.5B.

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 1.0

Primerica, Inc. reported the quarter ended September 30, 2023 results: revenue $710.9 million, net income $152.1 million, EPS $4.23.

Period: the quarter ended September 30, 2023
Revenue: $710.9 million
Net income: $152.1 million
EPS: $4.23
Result: reported results

Exact text from the filing

Primerica, Inc. (NYSE: PRI) today announced financial results for the quarter ended September 30, 2023. Total revenues of $710.9 million increased 6% compared to the third quarter of 2022. Net income of $152.1 million increased 91%, while earnings per diluted share of $4.23 doubled compared to the same period in the prior year.

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Source: SEC EDGAR

accession 0000950170-23-060489

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