NYSE$PRI

Primerica Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Primerica's Q3 2024 results reflected strong distribution and sales growth, driven by recruiting momentum and favorable market conditions.

Primerica reported strong third-quarter results, with an 11% increase in total revenues to $774.1 million and a 31% increase in net earnings per diluted share to $5.72. The company benefited from sustained recruiting momentum, growth in new life-licensed representatives, and favorable equity market conditions.

  • Life-licensed sales force grew by 7%, driven by solid recruiting and a 17% increase in new life licenses.
  • Investment and Savings Products sales increased by 34% to $2.9 billion.
  • Investment and Savings Products client asset values rose by 26%, ending the quarter at $111 billion.
  • Net earnings per diluted share increased by 31% to $5.72, including a remeasurement gain of $0.52 per diluted share.

Headline financials

Total Revenue

$774M

Previous: $711M+8.9%
EPS

$4.83

Previous: $4.28+12.9%
ISP sales

$2.9B

No prior period
Average Client Asset Values

$111B

Previous: $91.5B+21.6%
Life-licensed reps

148.9K

Previous: 139.1K+7.1%
Adjusted Direct Premiums

$649M

No prior period
New recruits

142.7K

No prior period
New life licenses

14.3K

No prior period
Life Policies Issued

93.4K

No prior period
Life Productivity

0.21

No prior period
Issued Term Life Face Amount

$30.8B

No prior period
Closed U.S. Mortgage Volume

$105M

No prior period
Benefits and Claims Ratio

53.2%

No prior period
Effective Income Tax Rate

23.5%

No prior period
Free Cash Flow

$164M

Previous: $152M+8.1%
Net Income

$164M

Previous: $152M+8.1%
Operating Income

-$38.9M

Previous: $119M-132.8%
Gross Profit

$534M

Previous: $698M-23.5%
Stock-Based Comp

$3.88M

Previous: $2.04M+90.2%

Revenue & EPS history

Primerica · Revenue · Quarterly

$774M

Q3 2024+8.9%vs Q3 2023
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Primerica · $793M total across 3 segments · Q2 2025

  • Term Life Insurance
    $442M
  • Investment and Savings Products
    $298M
  • Corporate and Other
    $53.2M

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 19 quarterly earnings reports · overlaid with Q3 2024

Historical avgQ3 2024

+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
Q2 2025
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 2010-0.2%
Q4 2011-0.2%
Q3 2010-1.8%
Q3 2011-1.8%
Q2 2011-1.0%
Q2 2010-1.0%
Q1 2010-0.6%

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