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

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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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FAQ

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

The current stock price of Primerica (PRI) is $290 as of February 28, 2025.

What is the market cap of Primerica (PRI)?

The market cap of Primerica (PRI) is approximately 9.5B.

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

NYSE:PRI

PRI Rankings

#692 Ranked by Market Cap
#1652 Ranked by Dividends

PRI Stock Data

9.49B
33.06M
0.57%
94.15%
1.16%
Insurance - Life
Life Insurance
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United States
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