Primerica
November 8, 2022
Primerica reported third-quarter 2022 revenue of 673.3 million dollars, down 3 percent from a year earlier. Net income fell 54 percent to 51.8 million dollars and diluted EPS fell 51 percent to 1.37 dollars, reflecting a 60.0 million dollar goodwill impairment, or 1.59 dollars per share, in its Senior Health segment.
Adjusted operating revenue was 676.1 million dollars, down 2 percent, while adjusted operating EPS rose 1 percent to 3.02 dollars. The life-licensed sales force grew 3 percent, and Investment and Savings Products sales fell 23 percent to 2.2 billion dollars amid weaker markets. The company paid a 0.55 dollar quarterly dividend and repurchased 97 million dollars of stock.