Primerica
February 11, 2025
DULUTH, Ga., February 11, 2025 --
Primerica reported fourth-quarter 2024 total revenues of 788.1 million dollars, up 12 percent from a year earlier. Net income from continuing operations rose 9 percent to 167.7 million dollars, or 4.98 dollars per diluted share, up 14 percent, while adjusted operating earnings per share climbed 17 percent to 5.03 dollars.
Sales of investment and savings products jumped 41 percent to 3.3 billion dollars in the quarter, and the life-licensed sales force reached a record 151,611 representatives, up 7 percent. Term life net premiums grew 4 percent. Chief Executive Glenn Williams said strong growth in 2024 produced another year of double-digit adjusted operating earnings growth.
For the full year, net income from continuing operations rose 22 percent to 720.1 million dollars, or 20.99 dollars per diluted share. The board declared a 16 percent dividend increase to 1.04 dollars per share, payable March 14, 2025.