Primerica
August 8, 2022
Primerica said second-quarter 2022 total revenue was 668.7 million dollars, up 2 percent from a year earlier. Net income attributable to Primerica was 107.9 million dollars, down 16 percent, and diluted earnings per share were 2.79 dollars, down 13 percent. Adjusted operating revenue was 671.8 million dollars, up 3 percent, and diluted adjusted operating earnings per share were 2.86 dollars, down 12 percent. ROE was 23.3 percent and ROAE was 22.5 percent.
The life-licensed sales force ended the quarter at 132,149 representatives after new life licenses rose 14 percent. Investment and Savings Products sales were 2.7 billion dollars. The company repurchased 128 million dollars of stock in the quarter and declared a 55-cent dividend payable September 14, 2022. Chief executive Glenn Williams said licensing momentum and convention energy supported second-half positioning.