NYSE$PRI
Primerica Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Primerica's Q1 2023 results reflected growth in the Term Life segment and progress in improving the profitability of the Senior Health segment, while economic uncertainty pressured the Investment and Savings Products segment.
Primerica reported largely unchanged total revenues of $690.0 million compared to Q1 2022. Net income attributable to Primerica increased 9% to $125.1 million, with earnings per diluted share up 16% to $3.38. The company saw growth in term life sales and distribution, with positive net flows in the Investment and Savings Products business.
- New life-licensed representatives increased by 11%, with the life-licensed sales force ending the quarter at 136,430, up 5%.
- Term Life face amount issued increased by 14% to $28.1 billion.
- Investment and Savings Products experienced positive net flows of $642 million.
- Net earnings per diluted share (EPS) increased 16% to $3.38, and return on stockholders’ equity (ROE) was 25.5%.
Headline financials
Revenue & EPS history
Primerica · Revenue · Quarterly
$690M
Revenue by segment
Primerica · $676M total across 3 segments · Q1 2023
- Term Life Insurance$421M+0.6%62.3%
- Investment and Savings Products$210M-12.8%31.1%
- Corporate and Other Distributed Products$45M+64.9%6.7%
Forward guidance
The Company expects to repurchase a total of $375 million of common stock during 2023.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.5%
Avg return
Earnings day
+2.0%
Avg return
5 days after
+1.1%
Avg return
30 days after
53%
34 / 64 earnings
Positive
+22.3%
Q3 2016
Best reaction
-14.0%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.4% | -1.2% | -4.1% | |
| Q4 2025 | -1.3% | +2.3% | -1.7% | |
| Q3 2025 | -2.1% | +0.2% | -0.8% | |
| Q1 2025 | +2.3% | +1.7% | +1.8% | |
| Q4 2024 | -3.9% | -3.1% | -1.6% | |
| Q3 2024 | +5.0% | +8.6% | +6.8% | |
| Q2 2024 | +3.4% | +4.5% | +5.8% | |
| Q1 2024 | +0.6% | +2.7% | +3.5% | |
| Q4 2023 | +0.4% | +3.3% | +2.9% | |
| Q3 2023 | +0.7% | +1.6% | +3.0% | |
| Q2 2023 | +0.5% | -0.3% | -6.7% | |
| Q1 2023 | -1.2% | -0.7% | +5.5% | |
| Q4 2022 | +9.0% | +15.4% | -2.3% | |
| Q3 2022 | -3.2% | -2.7% | -1.2% | |
| Q2 2022 | +0.1% | +6.4% | -4.0% | |
| Q1 2022 | -14.0% | -11.5% | -7.5% | |
| Q4 2021 | -10.7% | -11.9% | -14.4% | |
| Q3 2021 | -8.0% | -8.5% | -14.8% | |
| Q2 2021 | +2.6% | +4.3% | +4.9% | |
| Q1 2021 | +0.3% | +0.2% | +1.8% | |
| Q4 2020 | -3.4% | -5.4% | +1.0% | |
| Q3 2020 | +5.1% | +12.7% | +23.5% | |
| Q2 2020 | +8.4% | +10.3% | +4.1% | |
| Q1 2020 | +3.0% | +0.7% | +12.6% | |
| Q4 2019 | +5.7% | +10.9% | -27.6% | |
| Q3 2019 | +0.0% | +0.2% | +5.2% | |
| Q2 2019 | +2.8% | -2.3% | +4.7% | |
| Q1 2019 | -2.9% | -3.2% | -9.1% | |
| Q4 2018 | +2.6% | +2.3% | +4.3% | |
| Q3 2018 | +2.3% | +3.1% | -4.5% | |
| Q2 2018 | +3.0% | +1.3% | +6.1% | |
| Q1 2018 | -2.2% | -1.1% | +6.3% | |
| Q4 2017 | -1.9% | -1.5% | +6.2% | |
| Q3 2017 | +12.2% | +12.0% | +15.3% | |
| Q2 2017 | -2.0% | -1.6% | -11.9% | |
| Q1 2017 | -8.1% | -10.6% | -14.5% | |
| Q4 2016 | +1.8% | +4.1% | +5.7% | |
| Q3 2016 | +22.3% | +30.4% | +27.3% | |
| Q2 2016 | +4.0% | +5.8% | +10.2% | |
| Q1 2016 | +1.3% | — | — | |
| Q4 2015 | -2.4% | — | — | |
| Q3 2015 | +2.3% | — | — | |
| Q2 2015 | -8.6% | — | — | |
| Q1 2015 | +0.5% | — | — | |
| Q4 2014 | +1.0% | — | — | |
| Q3 2014 | +2.1% | — | — | |
| Q2 2014 | +0.7% | — | — | |
| Q1 2014 | -4.3% | — | — | |
| Q4 2013 | +9.5% | — | — | |
| Q3 2013 | -0.8% | — | — | |
| Q2 2013 | -1.0% | — | — | |
| Q1 2013 | -0.2% | — | — | |
| Q4 2012 | +2.1% | — | — | |
| Q3 2012 | -1.0% | — | — | |
| Q2 2012 | +6.0% | — | — | |
| Q1 2011 | -1.7% | — | — | |
| Q1 2012 | +1.9% | — | — | |
| Q4 2011 | -0.2% | — | — | |
| Q4 2010 | -0.2% | — | — | |
| Q3 2011 | -1.8% | — | — | |
| Q3 2010 | -1.8% | — | — | |
| Q2 2010 | -1.0% | — | — | |
| Q2 2011 | -1.0% | — | — | |
| Q1 2010 | -0.6% | — | — |
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