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Stock impact report

Primerica Reports First Quarter 2020 Results

Primerica, Inc. (PRI) 
Last primerica, inc. earnings: 4/29 04:15 pm Check Earnings Report
Company Research Source: Business Wire
Investment and Savings Products sales increase 28% to $2.2 billionIssued Term Life policies grow 11%Term Life Insurance net premiums grow 10%; adjusted direct premiums grow 11%Strong momentum in recruiting leads to 5% growth in new life-licensed representatives Net earnings per diluted share (EPS) of $1.75, down 5%; return on stockholders’ equity (ROE) of 18.2% Diluted adjusted operating EPS of $2.05, up 18%; adjusted net operating income return on adjusted stockholders’ equity (ROAE) of 21.8%Declared dividend of $0.40 per share, payable on June 15, 2020 DULUTH, Ga.--(BUSINESS WIRE)--Primerica, Inc. (NYSE: PRI) today announced financial results for the quarter ended March 31, 2020. Total revenues of $524.9 million increased 6% compared to the first quarter of 2019. Net income of $72.5 million decreased 8%, while earnings per diluted share (EPS) of $1.75 decreased 5% compared to the same quarter last year. The decline in both net income and EPS were driven by pre-tax realized losses Show less Read more
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