Primerica, Inc. (NYSE:PRI) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET Company Participants Nicole Russell - Senior Vice President, Investor Relations Glenn Williams - Chief Executive Officer Tracy Tan - Executive Vice President and Chief Financial Officer Conference Call Participants Wilma Burdis - Raymond James Maxwell Fritscher - Truist Securities Ian Ryave - Jefferies Operator Welcome to Primerica Second Quarter 2024 Earnings Call and Webcast. At this time, all participants are in a list ...

Primerica (PRI) came out with quarterly earnings of $4.71 per share, beating the Zacks Consensus Estimate of $4.45 per share. This compares to earnings of $3.99 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 5.84%. A quarter ago, it was expected that this life insurance and financial products company would post earnings of $4.11 per share when it actually produced earnings of $3.91, delivering a surprise of -4.87%. Over the l ...

财务状况 - 公司总资产从2023年3月31日的14,823.47百万美元增加至2024年6月30日的14,565.704百万美元[11][13] - 总负债从2023年3月31日的12,877.046百万美元减少至2024年6月30日的12,443.945百万美元[15] - 总股东权益从2023年3月31日的1,946.411百万美元增加至2024年6月30日的2,121.759百万美元[16] - 调整后股东权益从2023年3月31日的2,141.707百万美元增加至2024年6月30日的2,274.592百万美元[19][20] - 公司在2024年6月30日的商誉为0,较2023年3月31日的127.707百万美元大幅减少[11] - 公司在2024年6月30日的其他资产为1,056.89百万美元,较2023年3月31日的1,191.286百万美元有所下降[11] 非公认会计准则指标 - 公司剔除了投资收益/损失、商誉和无形资产减值等非经常性项目的影响,以更好地反映公司的经营业绩[5][6] - 公司剔除了净未实现收益/损失和折现率变动对未来保单利益的影响,以更好地反映公司的经济状况[6] - 公司剔除了2010年首次公开募股时进行的再保险交易的影响,以更好地反映公司的实际保费收入[7] - 公司管理层使用这些非公认会计准则指标来管理业务,认为它们提供了更有意义的分析指标[8] 收入和利润 - 公司2023年第二季度净收入为1.52亿美元，同比下降0.8%[29] - 公司2023年上半年净收入为2.72亿美元，同比下降49.0%[29] - 公司2023年第二季度每股基本收益为3.97美元，同比下降0.6美元[28] - 公司2023年上半年每股基本收益为7.44美元，同比下降3.44美元[30] - 公司2023年第二季度每股调整后基本营业收益为4.00美元，同比增长0.42美元[31] - 公司2023年上半年每股调整后基本营业收益为8.62美元，同比增长1.05美元[31] - 公司2023年第二季度每股摊薄收益为3.97美元，同比下降0.6美元[35] - 公司2023年上半年每股摊薄收益为7.43美元，同比下降3.44美元[35] - 公司2023年第二季度每股调整后摊薄营业收益为3.99美元，同比增长0.42美元[36] - 公司2023年上半年每股调整后摊薄营业收益为8.61美元，同比增长1.06美元[36] 第二季度财务指标 - 公司第二季度收入为8.34亿美元，同比增长6.16%[43] - 公司第二季度调整后股东权益为22.33亿美元，同比增长1.7%[39] - 公司第二季度每股调整后股东权益为62.00美元，同比增长1.7%[39] - 公司第二季度净收益率为25.9%，同比下降1.6个百分点[38] - 公司第二季度调整后净营业收益率为24.1%，同比下降2.6个百分点[38] - 公司第二季度债务资本比为21.4%，同比下降0.9个百分点[38] - 公司第二季度现金及投资资产与调整后股东权益比为2.1倍，同比增加0.2倍[38] - 公司第二季度发行在外普通股数为33,997,876股，同比减少5.2%[39] - 公司主要保险子公司信用评级维持稳定[39] - 公司控股公司债务评级维持稳定[39] 整体财务数据 - 公司总收入为8,033.75亿美元，同比增长16.7%[44] - 投资收益净额为1.21亿美元，同比增加6,142万美元[44] - 其他净收入为848.71亿美元，同比增加452.08亿美元[44] - 保险佣金费用为1,333.22亿美元，同比增加272.4亿美元[44] - 资产管理相关佣金费用为1,307.33亿美元，同比增加213.72亿美元[44] - 高级健康保险业务税前亏损2,791.25亿美元[46] - 公司税前利润为1,870.33亿美元，同比下降47.4%[46] - 公司净利润为1,390.74亿美元，同比下降49.0%[45] - 寿险业务税前利润为93.0亿美元，同比增长5.7%[46] - 投资和储蓄产品业务税前利润为1,403.46亿美元，同比增长21.3%[46] 第二季度财务数据 - 公司第二季度总收入为7.13亿美元，同比增长9.2%[58] - 第二季度调整后营业收入为7.41亿美元，同比增长9.2%[58] - 第二季度净投资收益为3,800万美元，同比增长15%[55] - 第二季度调整后净投资收益为3,800万美元，同比增长15.9%[55] - 第二季度调整后营业利润为2.12亿美元，同比增长11.6%[61] - 第二季度调整后净营业收入为1.53亿美元，同比增长11.9%[63] - 第二季度期末期货保费为6.39亿美元，同比增长5.4%[51] - 第二季度期货保费净额为6.07亿美元，同比增长5.4%[51] - 第二季度其他已付保费为2.25亿美元，同比下降9.2%[53] - 第二季度调整后其他营业费用为8,800万美元，同比增长5.5%[57] 保险业务数据 - 公司第二季度收入为8.408亿美元，同比增长3.7%[73] - 公司第二季度净保费收入为4.143亿美元，同比增长3.7%[73] - 公司第二季度保险费用为2.792亿美元，同比增加7.4%[74] -

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 7. On the other hand, if they miss, the stock may move lower. This life insurance and financial products company is expected to post quarterly earnings of $4.45 per share in its upcoming report, which represents a year-over-year change of +11.5%. The consensus EPS estimate for the quarter has been revised 0.13% higher over the last 30 days to the current level. This i ...

Primerica's (PRI) shares have gained 15.3% year to date, outperforming the industry's increase of 9%, the Finance sector's rise of 5.3% and the Zacks S&P 500 composite's increase of 15% in the said time frame. A compelling portfolio, strong market presence and a solid capital position drive this Zacks Rank #3 (Hold) life insurer. PRI's earnings have risen 17.6% in the past five years, outperforming the industry average of 5.9%. This second-largest issuer of term-life insurance coverage in North America pres ...

Primerica (PRI) is well-poised to grow, banking on the strength of a compelling portfolio, strong market presence and a solid capital position. These, coupled with optimistic growth projections, make the stock worth retaining in one's portfolio. Shares of this Zacks Rank #3 (Hold) company have gained 10.6% compared with the industry's increase of 10.7%. It has a VGM Score of B. Northbound Estimate Revision The Zacks Consensus Estimate for 2024 and 2025 earnings has moved 5 cents and 7 cents north, respectiv ...

The investigation concerns whether Primerica and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On April 18, 2024, The Bear Cave published a short report on Primerica, which described the Company as "a pyramid scheme". The Bear Cave cited "extensive evidence suggesting that Primerica's highest producing agents are engaged in misleading, false, or deceptive conduct including 1) a recor ...

Suneet Kamath We were very heavily weighted into a single provider. And after the smoke cleared, after this, after people moved around, we see a much better distribution among our providers, which gives us some comfort that we have a more balanced diversification among providers. So one provider does something that we don't like, changes compensation or marketing support, we don't have so many eggs in one basket. So there actually was a positive of the shipped between providers that took place in AEP that m ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-34680 Primerica, Inc. (Exact name of registrant as specified in its charter) Delaware 27-1204330 (State or other jurisdiction o ...

Exhibit 99.2 Supplemental Financial Information First Quarter 2024 Table of Contents PRIMERICA, INC. Financial Supplement Page Preface, definition of Non-GAAP financial measures 3 Condensed balance sheets and reconciliation of balance sheet non-GAAP to GAAP financial measures 4 Financial results and other statistical data 5 Statements of income 6 Reconciliation of statement of income GAAP to non-GAAP financial measures 7 Segment operating results Term Life Insurance segment - financial results, key statisti ...