NYSE$PRI

Primerica Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Primerica's Q4 2020 results were released, showcasing growth in revenues, EPS, and sales force size, despite the ongoing impact of the COVID-19 pandemic.

Primerica reported a 12% increase in total revenues to $598.3 million and a 13% increase in earnings per diluted share (EPS) to $2.52 for Q4 2020. The company's life-licensed sales force grew by 3% to 134,907, and investment and savings products sales increased by 4% to $2.1 billion. The Board of Directors approved a share repurchase program totaling $300 million and an 18% increase in dividends.

  • Total revenues increased by 12% to $598.3 million compared to Q4 2019.
  • Earnings per diluted share (EPS) rose by 13% to $2.52.
  • Life-licensed sales force grew to 134,907, a 3% increase year-over-year.
  • Investment and Savings Products sales increased by 4% to $2.1 billion.

Headline financials

Total Revenue

$598M

Previous: $532M+12.5%
EPS (adj)

$2.45

Previous: $2.22+10.4%
ISP Product Sales

$2.1B

Previous: $1.98B+6.1%
Average Client Asset Values

$82B

Previous: $71B+15.5%
Life-Licensed Sales Force

134.9K

Previous: 130.5K+3.4%
Dividend Per Share

$0.47

Previous: $0.40+17.5%
Net Income

$100M

Previous: $93.6M+6.9%
Operating Income

$132M

Previous: $122M+7.8%
Gross Profit

$1.97B

Previous: $1.82B+8.6%
Cash & Equivalents

$548M

Previous: $257M+113.2%
Total Assets

$14.9B

Previous: $13.7B+8.9%
Stock-Based Comp

$3.29M

Previous: $2.46M+33.5%

Revenue & EPS history

Primerica · Revenue · Quarterly

$598M

Q4 2020+12.5%vs Q4 2019
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Primerica · $595M total across 3 segments · Q4 2020

  • Term Life Insurance
    $369M+15.7%
  • Investment and Savings Products
    $193M+5.8%
  • Corporate and Other Distributed Products
    $32.4M+10.8%

Forward guidance

Primerica's Board of Directors authorized the repurchase of up to $300 million of the Company’s common stock through June 2022 and approved an 18% increase in stockholder dividends to $0.47 per share, payable on March 15, 2021, to stockholders of record on February 22, 2021.

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 Q4 2020

Historical avgQ4 2020

+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%

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