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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 Third Quarter 2023 Financial Results Webcast

Rhea-AI Summary
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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SURVEY: For First Time Since 2020, More Middle-Income Households Rate Finances Negatively Than Positively

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Primerica releases Q3 2023 Middle-Income Financial Security Monitor, revealing negative sentiment about personal finances among middle-income Americans.
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Rising Gas Prices Continue to Limit Purchasing Power of Middle-Income Households

Rhea-AI Summary
Primerica's Household Budget Index sees slight decline. Average purchasing power for U.S. middle-income households was 97.4% in August 2023, down from 97.5% in July 2023 and 88.6% in August 2022. Middle-income budgets remain stressed and saving for the future is a challenge. Gas and food costs rose, impacting purchasing power. Inflation has been severe for middle-income households. Credit card debt is high. The index reached a post-pandemic low of 85.4% in June 2022. Average middle-income households have cumulatively spent $2,677 more than budget on basic necessities since January 2019. If not for the pandemic and inflation, the index would be closer to 110%.
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Primerica Names Tracy Tan as Successor to Chief Financial Officer

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Primerica appoints Tracy Tan as Executive Vice President, Finance and future Chief Financial Officer
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Primerica Releases Inaugural Household Budget Index™ (HBI™) to Illustrate Purchasing Power of Middle-Income Families

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Middle-income households experienced increased spending power but are still recovering from high inflation in the past 18 months.
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Primerica Reports Second Quarter 2023 Results

Rhea-AI Summary
Primerica, Inc. (NYSE: PRI) announced financial results for Q2 2023. Total revenues increased by 3% to $688.4 million compared to Q2 2022. Net income attributable to Primerica increased by 13% to $144.5 million, and earnings per diluted share increased by 20% to $3.97. ROE was 29.2%. Adjusted operating revenues increased by 3% to $689.6 million, and adjusted net operating income increased by 11% to $145.4 million. ROAE was 26.7%. The company declared a dividend of $0.65 per share and repurchased $111 million of common stock during the quarter.
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Forbes Recognizes Primerica as One of America’s Best Employers for Women Fifth Consecutive Year

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Primerica Schedules Second Quarter 2023 Financial Results Webcast

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Primerica to hold webcast to discuss Q2 2023 results and future expectations
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Primerica’s Top Leaders Gather to Discuss Opportunities Ahead in Investments Business

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Primerica, Inc. (NYSE:PRI) will hold a meeting for its top securities leaders on July 19-20 to discuss the first half of 2023 and review opportunities for growing the securities business. The company is focused on helping middle-income families achieve their financial goals, as only 16% of households are satisfied with their current savings level. Primerica holds $91.5 billion in client assets and had $4.7 billion in investment and savings product sales for the six months ended June 30, 2023.
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SURVEY: Middle-Income Americans’ Credit Card Usage, Debt on Rise

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FAQ

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

The current stock price of PRIMERICA (PRI) is $271.5 as of December 20, 2024.

What is the market cap of PRIMERICA (PRI)?

The market cap of PRIMERICA (PRI) is approximately 8.9B.

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

#918 Ranked by Market Cap
#1666 Ranked by Dividends

PRI Stock Data

8.90B
33.17M
0.61%
94.02%
0.64%
Insurance - Life
Life Insurance
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United States of America
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