earnings
confidence high
sentiment negative
materiality 0.70
Primerica Q1 net income down 17%, EPS $2.06; Senior Health loss weighs
Primerica, Inc.
2022-Q1 EPS reported
$2.06
revenue$691,226,000
- Total revenues $691.2M (+8% YoY); net income $81.4M (-17%); diluted EPS $2.06 (-16%).
- Adjusted operating EPS $2.11 (-14%); adjusted net operating income $83.3M (-14%).
- Senior Health segment operating loss $19.0M pre-tax ($0.37/share after-tax); management slowing growth.
- Term Life revenues +10%, ISP sales $3.07B (+7%); life policies issued -14%; expenses elevated for leadership events.
- Declared $0.55 dividend payable June 14; repurchased $99M common stock in Q1.