Primerica, Inc., together with its subsidiaries, provides financial products to middle-income households in the United States and Canada. The company operates in three segments: Term Life Insurance; Investment and Savings Products; and Corporate and Other Distributed Products. It underwrites individual term life insurance products. The company also provides mutual funds and various retirement plans, managed investments, variable and fixed annuities, fixed indexed annuities, and segregated funds. In addition, it offers auto and homeowners' insurance, home automation solutions, and mortgage loans; ID theft defense services; and insurance products, including supplemental health, accidental death, and disability for small businesses. Further, the company provides prepaid legal services that assist subscribers with legal matters, such as drafting wills, living wills and powers of attorney, trial defense, and motor vehicle-related matters. It distributes and sells its products through licensed sales representatives. Primerica, Inc. was founded in 1927 and is headquartered in Duluth, Georgia.
IPO Year: 2010
Exchange: NYSE
Website: primerica.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/23/2025 | $311.00 | Market Perform | BMO Capital Markets |
| 10/9/2024 | $314.00 | Buy | TD Cowen |
| 8/30/2024 | $283.00 | Neutral | Piper Sandler |
| 2/12/2024 | Strong Buy → Mkt Perform | Raymond James | |
| 4/13/2023 | $244.00 | Strong Buy | Raymond James |
| 11/10/2022 | Outperform → Mkt Perform | William Blair | |
| 5/19/2022 | $153.00 → $148.00 | Overweight → Equal-Weight | Morgan Stanley |
| 3/1/2022 | $199.00 → $187.00 | Outperform | Credit Suisse |
| 2/22/2022 | $175.00 → $159.00 | Overweight | Morgan Stanley |
| 2/15/2022 | $180.00 → $175.00 | Overweight | Morgan Stanley |
4 - Primerica, Inc. (0001475922) (Issuer)
4 - Primerica, Inc. (0001475922) (Issuer)
4 - Primerica, Inc. (0001475922) (Issuer)
4 - Primerica, Inc. (0001475922) (Issuer)
4 - Primerica, Inc. (0001475922) (Issuer)
4 - Primerica, Inc. (0001475922) (Issuer)
4 - Primerica, Inc. (0001475922) (Issuer)
4 - Primerica, Inc. (0001475922) (Issuer)
4 - Primerica, Inc. (0001475922) (Issuer)
4/A - Primerica, Inc. (0001475922) (Issuer)
Primerica, Inc. (NYSE:PRI), a leading provider of financial services and products to middle-income families in the United States and Canada, today announced the appointment of Robert H. Peterman Jr. to the role of Executive Vice President and Chief Operating Officer, reporting to the company's Chief Executive Officer, Glenn Williams, beginning on October 1, 2024. Gregory C. Pitts, the Company's current Executive Vice President and Chief Operating Officer, informed the Company of his intention to retire after forty years of service on or about April 1, 2025, and he will relinquish the Chief Operating Officer title effective October 1, 2024. This press release features multimedia. View the fu
Primerica, Inc. (NYSE:PRI), a leading provider of financial services to middle-income families in the United States and Canada, today announced the appointment of Tracy Tan to the role of Executive Vice President, Finance reporting to the company's Chief Executive Officer, Glenn Williams beginning on October 16, 2023. Tan will assume the role of Chief Financial Officer as of the date that the Company's existing Chief Financial Officer relinquishes that title, which shall occur no later than April 1, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230914088579/en/Primerica names Tracy Tan as successor to Chief Financial Offi
10-Q - Primerica, Inc. (0001475922) (Filer)
8-K - Primerica, Inc. (0001475922) (Filer)
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10-K - Primerica, Inc. (0001475922) (Filer)
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SCHEDULE 13G/A - Primerica, Inc. (0001475922) (Subject)
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BMO Capital Markets initiated coverage of Primerica with a rating of Market Perform and set a new price target of $311.00
TD Cowen initiated coverage of Primerica with a rating of Buy and set a new price target of $314.00
Piper Sandler initiated coverage of Primerica with a rating of Neutral and set a new price target of $283.00
Raymond James downgraded Primerica from Strong Buy to Mkt Perform
Raymond James initiated coverage of Primerica with a rating of Strong Buy and set a new price target of $244.00
William Blair downgraded Primerica from Outperform to Mkt Perform
Morgan Stanley downgraded Primerica from Overweight to Equal-Weight and set a new price target of $148.00 from $153.00 previously
Credit Suisse reiterated coverage of Primerica with a rating of Outperform and set a new price target of $187.00 from $199.00 previously
Morgan Stanley reiterated coverage of Primerica with a rating of Overweight and set a new price target of $159.00 from $175.00 previously
Morgan Stanley reiterated coverage of Primerica with a rating of Overweight and set a new price target of $175.00 from $180.00 previously
Life-licensed sales force increased to 152,167, up 7% year-over-year Record Investment and Savings Products ("ISP") sales of $3.6 billion, up 28% ISP client asset values up 6%, ending the quarter at $110 billion Term Life net premiums grew 4%; adjusted direct premiums increased 5% Net earnings per diluted share (EPS) of $5.05 increased 19% versus EPS from continuing operations in the prior year period; return on stockholders' equity (ROE) of 30.0% versus ROE from continuing operations of 27.9% in the prior year period Diluted adjusted operating earnings per share of $5.02 increased 20%; adjusted net operating income return on adjusted stockholders' equity (ROAE) of 30.4% versus ROAE fr
The latest Primerica Household Budget Index™ (HBI™), a monthly economic snapshot measuring the impact of inflation on middle-income households alongside their earned income, found the average purchasing power for necessities rose to 99.6% in March, a 0.2% increase from a month ago and up 1.3% from a year ago. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250429280745/en/The latest Primerica Household Budget Index™ (HBI™), a monthly economic snapshot measuring the impact of inflation on middle-income households alongside their earned income, found the average purchasing power for necessities rose to 99.6% in March, a 0.2% increas
Primerica, Inc. (NYSE:PRI) announced today that it will hold a webcast on Thursday, May 8, 2025, at 10:00 a.m. (ET) to discuss the Company's results for the quarter ended March 31, 2025, as well as other business-related matters, including future expectations. A news release announcing the quarter's results will be distributed after the close of the market on Wednesday, May 7, 2025. The earnings news release, financial supplement and live webcast will be available on the Primerica Investors website at https://investors.primerica.com. A replay of the call will be available for approximately 30 days. About Primerica, Inc. Primerica, Inc., headquartered in Duluth, GA, is a leading provider
Food and Grocery Costs Expected to Rise According to 86% of Respondents Inflation continues to be the top concern of middle-income Americans, according to Primerica's latest Financial Security Monitor™ (FSM™), with 62% reporting stress over finances, up from 57% during the fourth quarter of 2024. Forty-six percent (46%) expect to be worse off financially in the next year, up from 27% in December 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250409910736/en/The latest Primerica Household Budget Index™ (HBI™), which measures the purchasing power of middle-income families, found that middle-income families' perceptions of th
The latest Primerica Household Budget Index™ (HBI™), a monthly economic snapshot measuring the impact of inflation on middle-income households alongside their earned income, found the average purchasing power for necessities fell to 99.4% in February, a 0.3% decrease from a month ago but a 0.4% increase from a year ago. For households earning an annual income of around $60,000, the increase in necessity goods prices in February cost them about $110 more in total than in January. Uncertainty among middle-income households is being driven in part by the volatility in the cost of household necessities. This press release features multimedia. View the full release here: https://www.businesswire
The latest Primerica Household Budget Index™ (HBI™), a monthly economic snapshot measuring the impact of inflation on middle-income households alongside their wages, found the average purchasing power for necessities fell to 99.7% in January, a 0.6% decrease from a month ago but a 0.3% increase from a year ago. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250225940689/en/The latest Primerica Household Budget Index™ (HBI™), a monthly economic snapshot measuring the impact of inflation on middle-income households alongside their wages, found the average purchasing power for necessities fell to 99.7% in January, a 0.6% decrease f
Momentum in recruiting and licensing drove life-licensed sales force to a record 151,611, up 7% Investment and Savings Products ("ISP") sales up 41%; ending client asset values grew 16% Term Life net premiums grew 4%; adjusted direct premiums increased 6% Net earnings per diluted share from continuing operations (EPS) of $4.98 increased 14%; return from continuing operations on stockholders' equity (ROE) of 31.9% Diluted adjusted operating earnings per share of $5.03 increased 17%; adjusted net operating income return on adjusted stockholders' equity (ROAE) of 31.3% Declared a 16% increase in dividend to $1.04 per share, payable on March 14, 2025 Primerica, Inc. (NYSE:PRI) today
Middle-income Americans remain concerned about inflation and the high cost of living, with many saying their income is not keeping pace, according to Primerica's latest Financial Security Monitor™ (FSM™). While some respondents express signs of cautious optimism, the lingering effects of inflation continue to shape how middle-income families manage their money and plan for the future. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250130090365/en/Primerica Household Budget Index™ (HBI™), an economic snapshot solely focused on the financial well-being of middle-income households, found the average purchasing power of middle-incom
Primerica, Inc. (NYSE:PRI) announced today that it will hold a webcast on Wednesday, February 12, 2025, at 10:00 a.m. ET to discuss the Company's results for the quarter ended December 31, 2024, as well as other business-related matters, including future expectations. A news release announcing the quarter's results will be distributed after the close of the market on Tuesday, February 11, 2025. The earnings news release, financial supplement and live webcast will be available on the Primerica Investors website at https://investors.primerica.com. A replay of the call will be available for approximately 30 days. About Primerica, Inc. Primerica, Inc., headquartered in Duluth, GA, is a le
AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa-" (Superior) of Primerica Life Insurance Company (Nashville, TN) and its affiliates, National Benefit Life Insurance Company (Long Island City, NY) and Primerica Life Insurance Company of Canada (Mississauga, Ontario), collectively referred to as Primerica Group. Additionally, AM Best has affirmed the Long-Term ICR of "a-" (Excellent) of Primerica, Inc. (Primerica) (headquartered in Duluth, GA) (NYSE:PRI), which is the holding company for the group's insurance and non-insurance operating companies. AM Best also has affirmed the Long-Term Issue Credit Rating of "
Primerica, Inc. (NYSE:PRI) announced today that the Board of Directors has approved a 15% increase in stockholder dividend for the first quarter of 2024 to $0.75 per share. The dividend is payable on March 12, 2024, to stockholders of record on February 21, 2024. Glenn Williams, Chief Executive Officer said, "Our Board of Directors remains committed to returning capital to our stockholders and is pleased to announce another increase in dividend. This marks the 18th increase since our IPO in April 2010." About Primerica, Inc. Primerica, Inc., headquartered in Duluth, GA, is a leading provider of financial products and services to middle-income households in North America. Independent l
Primerica, Inc. (NYSE:PRI) announced today that the Board of Directors has approved an 18% increase in stockholder dividends to $0.65 per share. The dividend is payable on March 14, 2023, to stockholders of record on February 21, 2023. Glenn Williams, Chief Executive Officer said, "Our Board of Directors is pleased with Primerica's continued strong cash generation, which has supported an increase in the dividend every year since our IPO in April 2010 and has allowed us to continue enhancing stockholder returns." About Primerica, Inc. Primerica, Inc., headquartered in Duluth, GA, is a leading provider of financial services to middle-income households in North America. Independent licensed
AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa-" (Superior) of Primerica Life Insurance Company (Nashville, TN) and its affiliates, National Benefit Life Insurance Company (Long Island City, NY) and Primerica Life Insurance Company of Canada (Mississauga, Ontario), collectively referred to as Primerica Group. Additionally, AM Best has affirmed the Long-Term ICR of "a-" (Excellent) of Primerica, Inc. (Primerica) (headquartered in Duluth, GA) (NYSE:PRI), which is the holding company for the group's insurance and noninsurance operating companies. AM Best also has affirmed the Long-Term Issue Credit Rating of "a
Primerica, Inc. (NYSE:PRI) today announced that its Board of Directors has authorized a $50 million increase to its previously announced share repurchase program through December 31, 2022, bringing the total authorization to $375 million. As a result, the Company expects to repurchase $356 million of its common stock in 2022. The share repurchases may be made from time to time through open market transactions, block trades and/or privately negotiated transactions and are subject to market conditions, as well as corporate, regulatory, and other considerations. "Our Term Life business remains a consistent source of deployable capital that has enabled us to provide an attractive return to our
Primerica, Inc. (NYSE:PRI) announced today that the Board of Directors has approved a 17% increase in stockholder dividends to $0.55 per share. The dividend is payable on March 14, 2022, to stockholders of record on February 22, 2022. About Primerica, Inc. Primerica, Inc., headquartered in Duluth, GA, is a leading provider of financial services to middle-income households in North America. Independent licensed representatives educate Primerica clients about how to better prepare for a more secure financial future by assessing their needs and providing appropriate solutions through term life insurance, which we underwrite, and mutual funds, annuities and other financial products, which we
AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa-" (Superior) of Primerica Life Insurance Company (Nashville, TN) and its affiliates, National Benefit Life Insurance Company (Long Island City, NY) and Primerica Life Insurance Company of Canada (Mississauga, Ontario), collectively referred to as Primerica Life. Additionally, AM Best has affirmed the Long-Term ICR of "a-" (Excellent) of Primerica, Inc. (Primerica) (headquartered in Duluth, GA) (NYSE:PRI), which is the holding company for the group's insurance and noninsurance operating companies. AM Best also has affirmed the Long-Term Issue Credit Rating of "a-