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PRIMERICA, INC. - PRI STOCK NEWS

Welcome to our dedicated page for PRIMERICA news (Ticker: PRI), a resource for investors and traders seeking the latest updates and insights on PRIMERICA stock.

Primerica, Inc. (symbol: PRI) is a leading provider of financial services dedicated to helping middle-income families achieve financial independence. Founded in 1977, Primerica revolutionized the life insurance industry with its 'buy term and invest the difference' philosophy. This approach encourages families to purchase affordable term life insurance, allowing them to allocate more funds toward investments for their future.

Primerica's commitment extends beyond life insurance to address the critical issue of household debt. The company offers comprehensive solutions designed to help families eliminate debt and boost their savings. Operating in the U.S., Canada, and Puerto Rico, Primerica serves over 6 million clients with the support of more than 100,000 licensed representatives and 24,000 licensed mutual fund representatives, making it the largest sales force in North America.

The company's primary subsidiaries include Primerica Financial Services, specializing in marketing, Primerica Life Insurance Company, the principal life insurance underwriting entity, and PFS Investments, which provides investment and savings products, brokerage services, and registered investment advisory.

Primerica operates through four main segments: Term Life Insurance, Investment and Savings Products, Senior Health, and Corporate and Other Distributed Products. The majority of its revenue is derived from operations in the United States. Securities clients under Primerica have nearly $25 billion in assets under management, and in 2008, the company placed in force more than $90 billion in life insurance.

With its steadfast focus on financial empowerment, Primerica continues to support families in reaching their financial goals through innovative products and dedicated service.

News

Primerica Schedules First Quarter 2024 Financial Results Webcast

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Primerica, Inc. (PRI) has scheduled a webcast to discuss its first quarter 2024 financial results on May 7, 2024. The company will release its results for the quarter ended March 31, 2024, along with future expectations. Investors can access the earnings news release, financial supplement, and webcast on the Primerica Investors website.
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Primerica Responds to Misinformation About the Company

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Primerica, Inc. (PRI) addresses misinformation circulated by a blogger. The company reaffirms its commitment to providing financial services in the US and Canada. Primerica emphasizes its strong track record and dedication to clients.
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NATIONAL SURVEY: Two-Thirds of Middle-Income Americans Feel School Failed Them on Financial Education, with Youngest Most Challenged

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Primerica, Inc. released its Financial Security Monitor survey for Q1 2024, revealing 66% of middle-income Americans feel their education did not prepare them for financial management. The Household Budget Index for middle-income households slightly decreased to 101.2% in February 2024. A majority of individuals under 65 expressed dissatisfaction with their financial education, highlighting gaps in preparing for tasks like taxes and loans.
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Primerica Household Budget Index™: Fast Rising Gas Prices Putting Pressure on Middle-Income Purchasing Power

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Primerica, Inc. (PRI) releases the Primerica Household Budget Index™ (HBI™) for February 2024, showing a slight decrease in middle-income households' purchasing power due to rising gas prices. The index was at 101.2%, down from 101.6% in January 2024 and up from 95.9% a year ago.
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Primerica Household Budget Index™: Middle-Income Purchasing Power Held Steady in January

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Primerica, Inc. (PRI) releases the Primerica Household Budget Index™ (HBI™), showing middle-income households' purchasing power at 101.6% in January 2024, almost unchanged from December 2023. The index has steadily increased since 2014 but dropped to a low of 86.7% in June 2022 due to inflation. Middle-income families have overspent by $2,425 on basic needs since May 2021, with potential growth to 110% without pandemic and inflation impact.
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Primerica Reports Fourth Quarter 2023 Results

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Primerica, Inc. (PRI) reported strong financial results for Q4 2023, with total revenues up 6% to $726.3 million. Net income increased 4% to $151.9 million, and EPS rose 9% to $4.30. The company experienced growth in life-licensed sales force, term life policies, investment product sales, and client asset values. Despite a small loss in senior health segment, Primerica's robust performance showcased its resilience in meeting financial needs of middle-income families.
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Primerica, Inc. Increases First Quarter Dividend by 15 Percent

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Primerica, Inc. (NYSE:PRI) has approved a 15% increase in stockholder dividend for the first quarter of 2024 to $0.75 per share. The dividend is payable on March 12, 2024, to stockholders of record on February 21, 2024. This marks the 18th increase since their IPO in April 2010, showing the company's commitment to returning capital to stockholders.
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SURVEY: Middle-Income Americans Split on Outlook for Personal Finances

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Primerica, Inc. released its Financial Security Monitor™ (FSM™) survey for Q4 2023, showing middle-income Americans evenly split on the outlook for their personal finances. The Household Budget Index™ (HBI™) indicates middle-income households saw gains in purchasing power that outpaced inflation at levels not seen since February 2022, reaching 102.5% in December, up from 100.5% in November and 96.5% a year ago. The increase was primarily driven by a continued decline in gas prices (falling by 5.8%), with food and healthcare prices increasing by 0.1% and 0.4%, respectively. CEO Glenn J. Williams stated that the HBI™ rise and increased earned income gave families more breathing room, while economic consultant Amy Crews Cutts noted that steady improvements may be needed before middle-income households feel significantly better off. The FSM™ survey data shows that exactly half (50%) of middle-income families report their personal financial situation as being positive, with 80% expressing concern about their financial security.
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Primerica Schedules Fourth Quarter 2023 Financial Results Webcast

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Primerica, Inc. (PRI) will host a webcast to discuss its Q4 2023 results and future expectations. The webcast will be held on February 14, 2024, at 10:00 a.m. Eastern time, with the earnings news release and financial supplement available on the Primerica Investors website. A replay of the call will be accessible for approximately 30 days.
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Primerica Senior Field Leaders Meet to Plan for Growth in 2024 and Beyond

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Primerica, Inc. (NYSE: PRI) is set to kick off the new year with over 800 of its top field leaders meeting in Dallas, Texas on January 4-5, 2024. The company grew nearly 5% to 141,5721 life-licensed representatives in 2023, issued over $119 billion of term life insurance, and helped clients invest over $9.2 billion. The annual leadership meeting will celebrate 2023 milestones and discuss opportunities ahead for the year.
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FAQ

What is the current stock price of PRIMERICA (PRI)?

The current stock price of PRIMERICA (PRI) is $294.58 as of November 20, 2024.

What is the market cap of PRIMERICA (PRI)?

The market cap of PRIMERICA (PRI) is approximately 9.9B.

What does Primerica, Inc. do?

Primerica provides financial services including life insurance, mutual funds, annuities, and debt solutions, primarily for middle-income households.

When was Primerica founded?

Primerica was founded in 1977.

What is the philosophy of Primerica?

Primerica's philosophy is 'buy term and invest the difference,' encouraging affordable term life insurance and investment of surplus funds.

How many clients does Primerica serve?

Primerica serves over 6 million clients in the U.S., Canada, and Puerto Rico.

What are the main segments of Primerica's business?

The main segments are Term Life Insurance, Investment and Savings Products, Senior Health, and Corporate and Other Distributed Products.

How many licensed representatives does Primerica have?

Primerica has more than 100,000 licensed representatives and over 24,000 licensed mutual fund representatives.

What assets does Primerica manage?

Primerica's securities clients have nearly $25 billion in assets under management.

Where does Primerica derive most of its revenue?

Primerica derives the majority of its revenue from the United States.

What is Primerica's approach to debt?

Primerica offers solutions to help families eliminate debt and save more money for the future.

Who are Primerica's primary subsidiaries?

Primerica's primary subsidiaries are Primerica Financial Services, Primerica Life Insurance Company, and PFS Investments.

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PRIMERICA, INC.

NYSE:PRI

PRI Rankings

#870 Ranked by Market Cap
#1697 Ranked by Dividends

PRI Stock Data

9.87B
33.17M
0.62%
94.01%
0.53%
Insurance - Life
Life Insurance
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United States of America
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