Primerica - PRI STOCK NEWS

Primerica, Inc. (NYSE:PRI) has elected Amber Cottle to its Board of Directors, enhancing female representation to 36%. She replaces former Senator Saxby Chambliss, who served for five years. Cottle brings over 25 years of experience in government affairs, having held significant roles at Dropbox and Apple. This move reflects Primerica's commitment to diversity and aims to strengthen governance through her extensive background in public policy and corporate governance.

Primerica reported financial results for Q1 2022 with total revenues rising 8% to $691.2 million year-over-year. However, net income fell 17% to $81.4 million, and diluted EPS declined 16% to $2.06. Life-licensed sales force grew to 130,206, and Term Life net premiums increased 9%. The Investment and Savings Products segment saw sales of $3.1 billion, up 7%. The Senior Health segment faced challenges, resulting in a pre-tax operating loss of $19 million. Primerica declared a dividend of $0.55 per share and repurchased $99 million of common stock during the quarter.

Primerica, Inc. (NYSE:PRI) will host a webcast on May 6, 2022, at 9:00 a.m. Eastern time to discuss its financial results for the quarter ending March 31, 2022. The earnings release will be published after market close on May 5, 2022. The webcast and financial documents will be accessible on the Primerica Investors website. As of December 31, 2021, Primerica insured over 5.7 million lives and managed over 2.7 million investment accounts.

Primerica reported strong financial results for Q4 2021, with total revenues of $724.1 million, a 21% increase from Q4 2020. The adjusted operating EPS rose 20% to $2.94. However, a goodwill impairment charge of $76 million in the Senior Health segment impacted net income, leading to EPS of $0.87. Sales in Investment and Savings Products grew 46%, with net inflows of $1.2 billion. The life-licensed sales force numbered 129,515. The Board also announced a $50 million increase to the share repurchase program.

Primerica, Inc. (NYSE:PRI) has announced a 17% increase in its stockholder dividends, raising it to $0.55 per share. This dividend will be payable on March 14, 2022, to stockholders of record as of February 22, 2022. The company provides financial services primarily to middle-income households across North America, having insured approximately 5.5 million lives and managed over 2.6 million client investment accounts as of December 31, 2020.

Primerica, Inc. (NYSE:PRI) announced a webcast scheduled for February 15, 2022 at 10:00 a.m. Eastern Time to discuss the company's quarterly results for the period ending December 31, 2021. A news release with these results will be issued post-market on February 14, 2022. The earnings release and financial supplements will be accessible on the Primerica Investors website, with a replay available for approximately 30 days.

Primerica, Inc. (NYSE: PRI) released the Fourth Quarter 2021 Middle-Income Financial Security Monitor, revealing key trends among middle-income families. While 64% express confidence in their current finances, 68% foresee their income falling behind rising costs, marking a significant increase since the survey began. Concerns about COVID persist with 82% expecting continued variant spread. Notably, 28% report rising credit card debt in the past three months. The survey highlights a critical financial landscape as families grapple with increasing living costs and job stability.

Primerica, Inc. (NYSE:PRI) reported record investment and savings product sales exceeding $11 billion for the year, with client asset values projected at $97 billion. CEO Glenn Williams highlighted ongoing support for middle-income households, with $109 billion in term life insurance coverage issued and $2.1 billion in death claims paid. The firm also recruited 348,000 new representatives and repurchased $18.7 million of its common stock, reflecting a commitment to shareholder value.