NYSE$PRI

Primerica Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported strong financial results driven by investment and savings business and adaptation to changing business environment.

Primerica reported a 22% increase in total revenues, reaching $693.2 million, for the third quarter of 2021. Net income attributable to Primerica was $112.4 million, with earnings per diluted share (EPS) at $2.82. The company's Investment and Savings Products sales increased by 52%, and client asset values reached $92 billion. The acquisition of e-TeleQuote impacted results with revenues of $22.9 million and a net loss of $4.6 million.

  • Total revenues increased by 22% to $693.2 million.
  • Net income attributable to Primerica was $112.4 million, with EPS at $2.82.
  • Investment and Savings Products sales increased by 52%, with client asset values at $92 billion.
  • Term Life net premiums grew by 12%.

Headline financials

Total Revenue

$693M

Previous: $568M+22.0%
EPS (adj)

$2.98

Previous: $2.78+7.2%
ISP Product Sales

$2.79B

Previous: $1.84B+51.6%
Average Client Asset Values

$91.8B

Previous: $71.5B+28.4%
Life-Licensed Sales Force

130.0K

Previous: 136.3K-4.6%
Dividend Per Share

$0.47

Previous: $0.40+17.5%
Return on Stockholder's Equity

21.8%

Previous: 26.7%-18.4%
Free Cash Flow

$112M

Previous: $112M+0.3%
Net Income

$112M

Previous: $112M+0.3%
Operating Income

$133M

Previous: $139M-4.6%
Gross Profit

$670M

Previous: $361M+85.6%
Cash & Equivalents

$326M

Previous: $331M-1.6%
Total Assets

$15.8B

Previous: $14.3B+10.6%
Stock-Based Comp

$642K

Previous: $2.22M-71.1%

Revenue & EPS history

Primerica · Revenue · Quarterly

$693M

Q3 2021+22%vs Q3 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Primerica · $670M total across 3 segments · Q3 2021

  • Term Life Insurance
    $401M+12.2%
  • Investment and Savings Products
    $233M+32.3%
  • Corporate and Other Distributed Products
    $34.7M+6.8%

Forward guidance

No specific forward guidance was provided in the document.

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 Q3 2021

Historical avgQ3 2021

+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

Earnings price reactions
QuarterReport dateReaction (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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro