Gregory C. Pitts
informed the Company’s Chief Executive Officer of Mr. Pitts’ intention to retire on or about April 1, 2025.
Highest-materiality recent filing
Primerica Q2 2026: record investment sales $4.4B, EPS $6.45 up 19%
Net income $202M (+13%); diluted EPS $6.45 (+19%); adjusted operating EPS $6.41 (+17%).
Primerica Q1 net EPS $5.97, up 18%; record ISP sales $4.3B, +22% YoY
Record ISP sales $4.3B (+22%); client asset values $127B (+15%).
Primerica Q4 2025: EPS $6.13 up 23% YoY; ISP sales record +24%, dividend +15%
Net income $197.0M, diluted EPS $6.13 (+23% YoY); adjusted EPS $6.13 (+22% YoY).
Primerica reports Q3 EPS $6.35, revenue $839.9M; ISP sales record $3.7B up 28%
Total revenue $839.9M (+8% YoY); net income $206.8M (+6%); diluted EPS $6.35 vs $5.72.
Primerica Q2: adj EPS $5.46 vs $4.95, revenue up 7%, ISP sales record $3.5B
Diluted adjusted operating EPS $5.46, up 10% YoY; GAAP EPS $5.40 vs $6.07 (prior-year cont ops).
Primerica Q1 EPS $5.05 (+19% YoY); ISP sales record $3.6B, up 28%
Total revenues $804.8M (+9%); net income $169.1M (+14%); diluted EPS $5.05 (+19%).
Primerica Q4 EPS $4.98 (+14%); sales force record 151,611; dividend raised 16% to $1.04
Net income from cont. ops $167.7M (+9%); EPS $4.98 (+14%); total revenue $788.1M (+12%).
Primerica reports $229.6M impairment from senior health exit; adds $2M restructuring charges
Net non-cash after-tax impairment of $229.6M in Q2 2024 from exiting senior health business.
Primerica Q3 EPS $5.72 +31% YoY; adjusted EPS $5.68 +28%
Revenue $774.1M (+11% YoY), net income $194.7M (+24%).
Primerica COO Gregory Pitts to retire; Robert Peterman appointed successor
Gregory Pitts to retire on or about April 1, 2025 after 40 years; will step down as COO effective Oct 1, 2024.
Primerica to exit senior health unit e-TeleQuote via third-party subscription
On Aug 30, 2024, e-TeleQuote Insurance signed a subscription agreement to sell 18.9% of its common stock to a new investor.
Primerica Q2 adj EPS $4.71 (+18% YoY); dividend raised 20% to $0.90; record client assets $105B
GAAP diluted EPS $0.03 due to Senior Health exit write-offs; adjusted diluted operating EPS $4.71.
Primerica to exit senior health business, records $229.6M impairment charge
Non-cash after-tax charge of $229.6M in Q2 2024 from writing off $253.6M goodwill/intangibles.
Primerica Q1 EPS $3.93 (+14% YoY); ISP sales $2.8B (+20%)
Total revenues $742.8M (+8%); net income $137.9M (+8%).
Primerica Q4 EPS $4.30 up 9%; life-licensed sales force record 141,572
Net income $151.9M (+4% YoY); diluted EPS $4.30 (+9% YoY).
Primerica reports Q3 2023 adjusted EPS $4.28, up 14% YoY; net income up 91%
Net earnings per diluted share $4.23 vs $2.11 (incl. goodwill impairment); adjusted operating EPS $4.28 up 14%.
Primerica Q2 EPS $3.97 (+20% YoY); life sales force up 4%; dividend $0.65
Net income $144.5M (+13%); diluted EPS $3.97 (+20%); adjusted operating EPS $3.99 (+18%).
Primerica Q1 net EPS $3.38, up 16%; term life face amount +14% to $28.1B
Net income $125.1M (+9%); diluted EPS $3.38 (+16%); adjusted EPS $3.49 (+18%).
Primerica CFO Alison Rand to retire by April 1, 2024; successor search underway
Alison Rand, EVP and CFO since 2001, informed CEO of retirement intention on Feb 27, 2023.
Primerica Q4 2022: adjusted EPS $3.49 (+19% YoY); Term Life op income up 23%, ISP sales down 31%
GAAP EPS $3.54; adjusted EPS $3.49 (+19% YoY); ROE 31.6%, adjusted ROAE 27.1%.
Primerica Q3 GAAP EPS $1.37 (down 51%) on $60M goodwill impairment; adjusted EPS $3.02 up 1%
Total revenues $673.3M (-3% YoY); adjusted operating revenues $676.1M (-2%).
Primerica Q2 net income falls 16%; adjusted EPS $2.86, down 12% YoY
Net income $107.9M ($2.79 diluted EPS) vs $128.4M prior year; adjusted net operating income $110.7M ($2.86 adjusted EPS).
Primerica Q1 net income down 17%, EPS $2.06; Senior Health loss weighs
Total revenues $691.2M (+8% YoY); net income $81.4M (-17%); diluted EPS $2.06 (-16%).
Primerica Q4 2021 adjusted EPS $2.94, up 20%; records $76M goodwill impairment in Senior Health
Adjusted operating EPS $2.94 (+20% YoY); net EPS $0.87 includes $76M ($1.91/sh) goodwill impairment.
Primerica Q3 2021: adj. EPS up 7% to $2.98; ISP sales +52%; e-TeleQuote adds revenue loss
Net income $112.4M ($2.82 EPS) flat YoY; adj. EPS $2.98, +7%.
Primerica Q2 2021 EPS $3.22 (+28% YoY); revenues $654.7M (+25%)
Diluted adjusted operating EPS $3.25, up 33% YoY; net income $128.2M, up 26%.
Primerica closes acquisition of 80% of e-TeleQuote, enterprise value $600M
Enterprise value $600M; implied equity ~$450M; ~$340M cash, $15M note, 20% equity stake for 80% control.
informed the Company’s Chief Executive Officer of Mr. Pitts’ intention to retire on or about April 1, 2025.
the Board of Directors (the “Board”) of the Company appointed Robert H. Peterman, Jr., age 59, as the Company’s Executive Vice President and Chief Operating Officer, reporting to the Company’s Chief Executive Officer, effective as of October 1, 2024.
On December 18, 2023, the Company’s Board of Directors appointed Ms. Tan as the Company’s Chief Financial Officer, and as the Company’s principal financial officer, in each case effective December 20, 2023.
On December 18, 2023, the Company’s Board of Directors appointed Nicholas A. Jendusa, the Company’s Executive Vice President and Controller, as the Company’s principal accounting officer effective as of December 20, 2023.
Ms. Rand will cease serving as principal financial officer and principal accounting officer of the Company on December 20, 2023.
On December 6, 2023, the Board of Directors elected Darryl Wilson as a member of the Board of Directors of Primerica, Inc. (“Primerica”).
On September 14, 2023, the Board of Directors (the “Board”) of Primerica, Inc. (the “Company”) appointed Tracy Tan, age 52, as the Company’s Executive Vice President, Finance, reporting to the Company’s Chief Executive Officer, beginning on October 16, 2023.
On February 27, 2023, Alison Rand, Executive Vice President and Chief Financial Officer of Primerica, Inc. (the “Company”), informed the Chief Executive Officer of the Company of her intention to retire on or about April 1, 2024.
Max materiality 0.85 · Median 0.70 · Most common event earnings