Primerica Leaders from U.S. and Canada Convene in Dallas to Discuss Year Ahead

Rhea-AI Summary

Primerica, Inc. (NYSE: PRI) is set to gather its top sales leaders in Dallas, Texas on January 4-5, 2023, to discuss initiatives for the year ahead. In 2022, Primerica achieved significant milestones, growing its life-licensed representatives to over 135,000 and issuing $104 billion in term life insurance, raising its total coverage to $916 billion. The company paid out approximately $1.9 billion in death claims and helped clients invest nearly $10 billion, reaching total client assets of $84 billion. Looking forward, Primerica plans to introduce innovative products to support middle-income families.

Positive

• Increased life-licensed representatives to over 135,000.
• Issued $104 billion in term life insurance, raising the total to $916 billion.
• Paid approximately $1.9 billion in death claims.
• Assisted clients with nearly $10 billion in investments, bringing total client assets to $84 billion.
• 358,000 recruits in 2022, with over 45,000 newly life-licensed representatives.

Negative

• None.

2023 to focus on continuing to expand distribution capabilities to meet the needs of more North American families.

DULUTH, Ga.--(BUSINESS WIRE)-- Primerica, Inc. (NYSE: PRI), a leading provider of financial services in the United States and Canada, will kick off the new year with approximately eight hundred of its top sales leaders meeting in Dallas, Texas on January 4-5, 2023. Along with discussing company-wide initiatives for 2023, the annual leadership meeting will celebrate 2022 milestones and discuss opportunities ahead for the year.

“During 2022, as we continue to protect the financial future of a record number of households, Primerica grew to more than 135K¹ life-licensed representatives. We issued $104 billion of term life insurance raising our term life insurance coverage in force to $916 billion. Most importantly, we paid approximately $1.9 billion in death claims to help relieve financial stress for families during a time of significant emotional loss,” said Glenn Williams, Primerica CEO. “In addition, we assisted clients with almost $10 billion of investments toward their future goals, bringing our client asset values to $84 billion. “

Williams continued, “As we enter 2023, we will lead innovation in our industry with a new generation of term life insurance products and a broad offering of investment and other products to bring more value to middle income families facing difficult economic conditions.”

The 2022 growth of Primerica’s distribution capabilities was driven by 358K recruits. This included just over 45K newly life-licensed representatives and nearly 2.5K newly securities-licensed representatives, bringing the company’s total number of licensed securities representatives to just over 26K.

About Primerica, Inc.

Primerica is a leading provider of financial services to middle-income households in the United States and Canada. Licensed financial representatives educate Primerica clients about how to prepare for a more secure financial future by assessing their needs and providing appropriate products like term life insurance, mutual funds, annuities, and other financial products. Primerica insured over 5.7 million lives and had over 2.7 million client investment accounts as of December 31, 2021. Primerica was the #2 issuer of Term Life insurance coverage in the United States and Canada in 2021 through its insurance company subsidiaries. Primerica stock is included in the S&P MidCap 400 and the Russell 1000 stock indices and is traded on The New York Stock Exchange under the symbol “PRI”.

¹ All production results contained herein are preliminary.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230104005170/en/

Public Relations

Susan Chana, 404-229-8302

susan.chana@primerica.com

Investor Relations

Nicole Russell, 470-564-6663

nicole.russell@primerica.com

Source: Primerica, Inc.

FAQ

What initiatives will Primerica focus on in 2023?

Primerica plans to expand distribution capabilities and introduce innovative term life insurance products.

How much term life insurance did Primerica issue in 2022?

Primerica issued $104 billion in term life insurance during 2022.

What was the total amount of death claims paid by Primerica in 2022?

Primerica paid approximately $1.9 billion in death claims in 2022.

How much did Primerica help clients invest in 2022?

Primerica assisted clients with nearly $10 billion of investments in 2022.

What was Primerica's total client asset value at the end of 2022?

Primerica's total client asset value reached $84 billion by the end of 2022.