Primerica
November 6, 2024
DULUTH, Ga., November 6, 2024 --
Primerica reported third-quarter 2024 total revenues of 774.1 million dollars, up 11 percent, and net income from continuing operations of 194.7 million dollars, or 5.72 dollars per diluted share, up 31 percent. Diluted adjusted operating earnings per share rose 28 percent to 5.68 dollars, including a 0.52 dollar after-tax remeasurement gain from the annual actuarial assumption review.
The company said that on September 30, 2024, it permanently surrendered and relinquished all rights in e-TeleQuote Insurance with no significant continuing involvement, completing its exit from senior health. Senior health results are now discontinued operations; net income including discontinued operations was 164.4 million dollars, or 4.83 dollars per diluted share.
The life-licensed sales force grew 7 percent to 148,890, investment and savings product sales jumped 34 percent to 2.9 billion dollars, and client asset values rose 26 percent to 111 billion dollars. Primerica repurchased 129 million dollars of stock in the quarter and declared a 0.90 dollar dividend.