Primerica ( (PRI) ) has released its Q1 earnings. Here is a breakdown of the information Primerica presented to its investors.
Primerica, Inc., headquartered in Duluth, GA, is a prominent provider of financial products and services to middle-income households across North America, specializing in term life insurance and investment products distributed through a network of independent representatives.
In its first-quarter 2025 earnings report, Primerica announced a robust financial performance with total revenues reaching $804.8 million, marking a 9% increase from the previous year. The company also reported a significant rise in net income and earnings per share, reflecting its continued growth and stability in the financial services sector.
Key highlights from the report include a 28% increase in Investment and Savings Products sales, reaching a record $3.6 billion, and a 7% growth in the life-licensed sales force to 152,167 representatives. The Term Life segment saw a 4% increase in net premiums, while the company’s return on equity improved to 30.0%. Additionally, Primerica repurchased $118 million of its common stock and declared a dividend of $1.04 per share.
The company’s strategic focus on expanding its sales force and enhancing its product offerings has contributed to its strong financial results. The Investment and Savings Products segment benefited from favorable market conditions and increased client asset values, while the Term Life segment maintained steady growth despite economic uncertainties.
Looking ahead, Primerica’s management remains optimistic about its balanced business model and the resilience of its independent sales force in navigating economic challenges. The company is well-positioned to continue delivering value to its shareholders and clients in the coming quarters.