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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 Household Budget Index™: Middle-Income Households'; Purchasing Power Reaches Break-Even Level

Rhea-AI Summary
Primerica, Inc. (NYSE: PRI) announced the release of the Primerica Household Budget Index™ (HBI™), showing a 100.5% average purchasing power for middle-income households in November 2023, up from 99.1% in October and 93.7% a year ago.
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Primerica Names Tracy Tan as Chief Financial Officer

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Primerica, Inc. (NYSE:PRI) announces the appointment of Nicholas Jendusa as principal accounting officer and Tracy Tan as Chief Financial Officer, effective December 20, 2023. Ms. Tan will succeed Alison Rand as the Company's CFO no later than April 1, 2024.
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SPECIAL REPORT: Even as Inflation Drops, Financial Challenges Remain for Middle-Income Families

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Primerica, Inc. (NYSE: PRI) released a special report titled, 'Perception vs. Reality: Examining Middle-Income Households’ Financial Outlook Heading into 2024.' The report finds that the compounding impact of inflation has resulted in an average cumulative household budget deficit of nearly $2,500 since May 2021. Middle-income households are disproportionately impacted by the rising cost of necessities, leading to increased financial stress. However, the report highlights that if inflation continues to decline and wages rise at a faster pace than the cost of necessities, middle-income households should find themselves in a gradually improving financial condition in 2024.
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Primerica Board of Directors Elects Former GE Executive Darryl Wilson as Newest Board Member

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Primerica, Inc. (NYSE:PRI) has announced the election of Darryl L. Wilson to fill the vacancy in the Company’s Board of Directors. Mr. Wilson, the founder, chairman, and president of The Wilson Collective, brings over 35 years of experience in global leadership roles, including 25 years at General Electric and 5 years with British Petroleum NA. His addition to the Board complements the existing skills and experience, aiming to drive better outcomes for the company. With a B.A. in Business Administration from Baldwin Wallace College and an M.B.A. from Indiana University, Mr. Wilson's extensive experience and expertise are expected to contribute significantly to Primerica's strategic direction and growth.
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Primerica Household Budget Index™: Middle-Income Households Saw Improving Financial Conditions in October

Rhea-AI Summary
Primerica, Inc. (NYSE: PRI) announced the release of the Primerica Household Budget Index™ (HBI™), showing an increase in middle-income households' purchasing power to 99.1% in October 2023 from 98.1% in September and 92.4% a year ago.
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Primerica Announces $425 Million Share Repurchase Program for 2024

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Primerica, Inc. (NYSE: PRI) authorizes a $425 million share repurchase program following solid third quarter results. The program will run through December 31, 2024, with repurchases occurring through various methods. CEO Glenn Williams highlights the strength and predictability of the Term Life business, leading to increased confidence in providing stockholders with attractive returns.
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AM Best Affirms Credit Ratings of Primerica, Inc. and Its Subsidiaries

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Primerica Inc. (NYSE: PRI) Receives Affirmation of A+ Financial Strength Rating from AM Best, Expands Product Distribution, and Demonstrates Strong Operating Performance
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Primerica Reports Third Quarter 2023 Results

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PRIMERICA, Inc. (NYSE: PRI) reported a 6% increase in total revenues to $710.9 million in Q3 2023. Net income grew by 91% to $152.1 million, and earnings per diluted share doubled to $4.23. The life-licensed sales force grew by 4% to 139,053, and Term Life pre-tax income increased by 7%. Investment and Savings Products pre-tax income also grew by 9%.
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Consumers Experienced Increase in Purchasing Power in September with Slowing Inflation and Higher Income Growth

Rhea-AI Summary
Primerica, Inc. has released the Primerica Household Budget Index™ (HBI™), which shows that middle-income households in the US and Canada saw an improvement in purchasing power in September 2023. The average purchasing power for these households increased to 99.3% from 97.4% in August. However, they are still recovering from the impact of high inflation. The index stood at 89.3% in September 2022.
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Primerica Schedules Third Quarter 2023 Financial Results Webcast

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Primerica, Inc. will hold a webcast on November 8, 2023, to discuss its Q3 2023 results and other business-related matters. The earnings news release will be distributed on November 7, 2023.
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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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