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Primerica (PRI)
:PRI
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
4.94Last Year’s EPS
4.25Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: 0.70%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a robust financial performance with significant growth in key areas such as recruiting, licensing, and investment and savings products. Although there are challenges with increased operating expenses and elevated lapse rates, the overall sentiment leans towards a strong, positive outlook for the company.Company Guidance
During Primerica's Q3 2024 earnings call, the company reported significant growth metrics, showcasing robust distribution momentum and double-digit growth in adjusted operating earnings. Adjusted net operating income rose to $193 million, marking a 21% increase from the previous year, with diluted adjusted operating earnings per share reaching $5.68, a 28% rise. The company repurchased $129 million in common stock and distributed $31 million in regular dividends, contributing to a total return of $463 million to shareholders year-to-date. Primerica successfully recruited over 142,000 individuals in the quarter, a 17% increase in licensed individuals, resulting in a 7% year-over-year growth in their life license sales force, totaling 148,890 reps by the end of September 2024. Additionally, the Investment and Savings Products segment saw sales of $2.9 billion, a 34% increase from the prior year, with variable annuity sales surging by 42% and mutual fund sales up by 23% across the U.S. and Canada. Client asset values reached $111 billion, up 26% year-over-year, and the company raised its 2024 ISP sales forecast to a range of 22% to 25%.Strong Financial Performance
Adjusted net operating income increased by 21% to $193 million, and diluted adjusted operating earnings per share rose 28% to $5.68. The company also saw strong cash flow with $129 million in stock repurchases and $31 million in dividends.
Recruiting and Licensing Growth
Primerica recruited over 142,000 individuals and licensed 14,349, representing a 17% increase compared to the previous year. The life sales force grew by 7% year-over-year.
Investment and Savings Products Surge
Sales reached $2.9 billion, a 34% increase compared to the previous year. Variable annuity sales rose by 42%, and mutual fund sales in the US and Canada increased by 23%.
Canada Expansion with Canada Life
A new distribution agreement with Canada Life will provide access to additional fund options, enhancing the product offerings available to Canadian reps.
Mortgage Business Growth
Closed nearly $300 million in US mortgage volume year-to-date, up around 25% compared to the first 9 months of 2023.
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PRI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PRI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $290.11 | $289.76 | -0.12% |
| Aug 07, 2024 | $241.73 | $247.68 | +2.46% |
| May 06, 2024 | $220.37 | $217.06 | -1.50% |
| Feb 13, 2024 | $232.20 | $236.55 | +1.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Primerica (PRI) report earnings?
Primerica (PRI) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Primerica (PRI) earnings time?
Primerica (PRI) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PRI EPS forecast?
PRI EPS forecast for the fiscal quarter 2024 (Q4) is 4.94.
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