NYSE$PRI
Primerica Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Primerica's financial performance was impacted by market volatility, leading to a decline in investment and savings product sales, while term life earnings partly offset the negative impact. The life-licensed sales force grew, and the company continued to address challenges in the senior health distribution marketplace.
Primerica reported a decrease in total revenues by 3% to $673.3 million and a net income decrease of 54% to $51.8 million compared to Q3 2021. Adjusted operating EPS increased by 1% to $3.02. The results reflect a non-cash goodwill impairment charge of $60.0 million. Despite market volatility, the company saw growth in its life-licensed sales force and continued progress in the term life insurance segment.
- Life-licensed sales force grew 3% driven by strong new life licenses.
- Term Life net premiums increased 6%; adjusted direct premiums increased 7%.
- Investment and Savings Products sales declined 23% due to market conditions, but net client inflows remained positive at $0.7 billion.
- Net earnings per diluted share decreased 51%; return on stockholders’ equity was 12.2%.
Headline financials
Revenue & EPS history
Primerica · Revenue · Quarterly
$673M
Revenue by segment
Primerica · $659M total across 3 segments · Q3 2022
- Term Life Insurance$428M+6.6%64.9%
- Investment and Savings Products$202M-13.6%30.6%
- Corporate and Other Distributed Products$29.3M-15.5%4.5%
Forward guidance
The Company expects to complete an additional $32 million in share repurchases by the end of 2022.
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 2022
+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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