Primerica Q2 revenue rises on strong client demand, favorable equity markets
PRI•Result drivers
- Investment sales growth - Record investment sales and higher client asset values driven by strong client demand and favorable equity markets.
- Term Life stability - Term Life business generated stable earnings and predictable cash flow due to large in-force policy block.
- Lower new policy issuance - Fewer new life insurance policies issued and lower pre-tax income in Term Life segment.
Quarterly results
- U.S. financial services distributor's Q2 adjusted revenue rose 8% but slightly missed analyst expectations.
- Adjusted EPS for Q2 increased 17%, beating analyst expectations.
- Company repurchased $135 mln of common stock during the quarter.
| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q2 Adjusted Revenue | Slight Miss* | $863 mln | $870.61 mln (4 Analysts) |
| Q2 Adjusted EPS | Beat | $6.41 | $6.03 (8 Analysts) |
| Q2 EPS | $6.45 | ||
| Q2 Net Income | $202 mln | ||
| Q2 Adjusted operating income | $201 mln | ||
| Q2 ROE | 32.10% |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
