In a strong start to the year, Primerica Q1 2025 Revenue climbed to $804.8 million, marking a 9% increase compared to Q1 2024. Primerica, Inc. (NYSE: PRI), a leading provider of financial services to middle-income families across North America, also reported a 14% rise in net income, totaling $169.1 million. The company delivered earnings per diluted share of $5.05, reflecting a 19% year-over-year increase.
The company’s adjusted operating results were similarly robust:
Adjusted operating revenue: $803.6 million, up 9%
Adjusted net operating income: $168.1 million, up 14%
Diluted adjusted operating EPS: $5.02, up 20%
“Our results this quarter highlight the strength and consistency of our business,” said Glenn Williams, CEO of Primerica. “Momentum in our Investment and Savings Products Segment, along with steady performance in our Term Life business, contributed to strong financial results this quarter.”
Term Life Insurance
Revenue: $457.8 million (↑ 4%)
Policies issued: 86,415
Productivity: 0.19 policies per month per life-licensed rep
Operating margin: 22.1%
Product sales: $3.6 billion (↑ 28%)
Net inflows: $839 million
Client asset value: $110 billion (↑ 6%)
Segment revenue: $290.8 million (↑ 19%)
Pre-tax income: $81.3 million (↑ 24%)
Distribution and recruitment remain strong:
New recruits: 100,867
Newly licensed representatives: 12,339
Total life-licensed sales force: 152,167 (↑ 7% YoY)
Primerica returned value to shareholders with 413,670 shares repurchased at a cost of $118 million. The company also declared a $1.04 per share dividend payable on June 13, 2025.
With a healthy RBC ratio of ~470% and continued momentum in key segments, Primerica is well-positioned to sustain its growth trajectory in 2025.
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Primerica Reports Robust Q4 Results with Strong Financial Growth
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