earnings
confidence high
sentiment neutral
materiality 0.75
Primerica Q4 2021 adjusted EPS $2.94, up 20%; records $76M goodwill impairment in Senior Health
Primerica, Inc.
2021-FY EPS reported
$9.38
revenue$2,709,732,000
- Adjusted operating EPS $2.94 (+20% YoY); net EPS $0.87 includes $76M ($1.91/sh) goodwill impairment.
- Total revenues $724.1M (+21% YoY); adjusted operating revenues $723.0M (+22%).
- ISP segment sales $3.02B (+46% YoY) with record $11.7B for full year; average client assets $94.8B (+25%).
- Term Life adjusted premiums +12%; operating income +14%; COVID impact continued with $58M excess death claims in 2021.
- Board increased share repurchase authorization by $50M to $325M total; life-licensed sales force 129,515 (-4%).