earnings
confidence high
sentiment positive
materiality 0.75
Primerica Q2 adj EPS $4.71 (+18% YoY); dividend raised 20% to $0.90; record client assets $105B
Primerica, Inc.
2024-Q2 EPS reported
$3.99
revenue$1,546,204,000
- GAAP diluted EPS $0.03 due to Senior Health exit write-offs; adjusted diluted operating EPS $4.71.
- Total revenue $803.4M (+17%); adjusted operating revenue $753.3M (+9%).
- Term Life adjusted premiums up 4%; ISP sales $3.1B (+29%); client assets record $105B.
- Sales force grew 6% to 145,789; new life licenses up 14%; repurchased $143M of stock.
- Dividend declared $0.90/share (20% increase), payable Sept 12, 2024.