Business ModelPRI has a uniquely capital-light business model and stronger growth profile compared to life insurance peers.
Financial PerformanceSales of $3.3B were in-line with estimates and up 41% year-over-year, driven by strong demand for mutual funds, annuities, and managed account products.
Recruitment GrowthPRI has seen strong agent recruiting with 7% year-over-year agent growth, showcasing robust expansion of its sales force.