Primerica News

Primerica Second Quarter Adjusted Operating Revenues Rise 8 Percent to 863 Million Dollars

Press Release | 8/5/2026

DULUTH, Ga. -- August 5, 2026

Primerica reported second-quarter 2026 adjusted operating revenues of 863 million dollars, up 8% from the year-ago quarter. Diluted adjusted operating earnings per share were 6.41 dollars, up 17% from 5.46 dollars, and adjusted net operating income return on adjusted stockholders equity was 32.1%.

Term life insurance adjusted operating revenues were about 444 million dollars. Annualized issued premium of 89.9 million dollars decreased 9%, and the company issued 78,904 new life insurance policies in the quarter.

Primerica distributes term life insurance, mutual funds and other financial products through a licensed independent sales force.

Primerica Extends 200 Million Dollar Revolving Credit Facility to 2031

SEC Filing | 6/2/2026

Primerica said it amended and restated its 200 million dollar unsecured revolving credit facility on June 2, 2026, extending the maturity to June 2, 2031, and adjusting pricing and covenants.

The prior facility, last amended in 2021, had been scheduled to expire June 22, 2026. No amounts were outstanding when the new facility closed. Lenders include Bank of New York Mellon, Citibank, JPMorgan Chase, Royal Bank of Canada, Bank of Nova Scotia and Wells Fargo as administrative agent. Borrowings may be used for general corporate purposes and can bear interest at a base rate or SOFR plus an applicable margin tied to Primerica's debt rating.

The extension followed Primerica's May report of higher first-quarter adjusted operating revenues and earnings.

Primerica First Quarter Adjusted Operating Revenues Rise 9 Percent to 872 Million Dollars

Press Release | 5/6/2026

DULUTH, Ga. -- May 6, 2026

Primerica reported first-quarter 2026 adjusted operating revenues of 872.3 million dollars, up 9% from a year earlier, driven by Investment and Savings Products growth and a large in-force block of term life policies.

Adjusted net operating income was 189.8 million dollars, up 13%, and diluted adjusted operating earnings per share were 5.96 dollars, up 19%. Investment and Savings Products adjusted operating revenues rose 21% to 350.6 million dollars, while Term Life Insurance adjusted operating revenues rose 1% to 464.6 million dollars. Life insurance policies issued fell 14% to 74,054, and the issued term life face amount was 25.7 billion dollars, down from 28.5 billion dollars.

Primerica said momentum in Investment and Savings Products supported another quarter of strong financial performance. The company later amended and extended its revolving credit facility in June.

Primerica Third Quarter Revenue Rises 22 Percent to 693.2 Million

Press Release | 11/8/2021

Primerica reported third quarter total revenue of 693.2 million dollars, up 22 percent. Net income attributable to Primerica was 112.4 million dollars and diluted earnings per share were 2.82 dollars, both little changed from a year earlier. Return on equity was 21.8 percent. Adjusted operating revenue was 692.5 million dollars. Adjusted net operating income was 118.7 million dollars and adjusted operating earnings per share were 2.98 dollars, both up 7 percent.

Results include 22.9 million dollars of revenue and a 4.6 million dollar net loss from e-TeleQuote, the Medicare business Primerica bought 80 percent of on July 1. That loss reduced diluted earnings per share by about 0.12 dollars.

Investment and savings product sales rose 52 percent, and client asset values ended at 92 billion dollars. Term life net premiums grew 12 percent. The company said issued term policies were moving back toward pre-pandemic levels, persistency stayed favorable, and claims remained elevated because of COVID-19. Senior health policy approvals were seasonally low while the company spent to prepare licensed agents.

Primerica Second Quarter Revenue Rises 25 Percent to 654.7 Million

Press Release | 8/5/2021

Primerica reported second-quarter total revenue of 654.7 million dollars, up 25 percent. Net income rose 26 percent to 128.2 million dollars. Diluted earnings were 3.22 dollars a share, up 28 percent. Return on stockholders equity was 26.3 percent. Adjusted operating earnings were 3.25 dollars a share, up 33 percent, after excluding 2.1 million dollars of transaction costs tied to the e-TeleQuote purchase.

Investment and savings product sales were 3.04 billion dollars, up 80 percent from 1.69 billion dollars and the first time those sales passed 3 billion dollars. The company issued 90,071 term life policies. The life-licensed sales force was 132,041, down 2 percent. Recruits fell 33 percent to 89,285. The July 1 close of the 80 percent e-TeleQuote stake was noted in the results. A dividend of 0.47 dollars a share was declared, payable September 14, 2021.

Chief executive Glenn Williams said core sales stayed strong and that the company was focused on growing the sales force as licensing returned toward pre-COVID patterns. Management also said term life death claims remained elevated from COVID-related deaths and other excess mortality.

Primerica Closes Purchase of 80 Percent of e-TeleQuote

Press Release | 7/1/2021

Primerica said it closed the purchase of 80 percent of the operating subsidiaries of Etelequote Limited, known as e-TeleQuote. The deal, agreed on April 18, 2021, carries an enterprise value of 600 million dollars and an implied equity value of about 450 million dollars. Primerica will buy the remaining 20 percent over as long as four years.

Chief executive Glenn Williams said the combination lets life-licensed representatives serve client financial needs across more of a lifetime. e-TeleQuote distributes Medicare-related insurance, including more than 2,700 Medicare Advantage plans from carriers such as United Healthcare, Humana, and Anthem, and it has a growing Medicare supplement business with four carriers.

Founder and chief executive Anthony P. Solazzo said licensed agents use a carrier-neutral approach to help beneficiaries compare plans. Consumers can reach those agents or the consumer site easymedicare.com. The close follows the April agreement and brings the senior-health distributor into Primerica.

Primerica First Quarter Revenue Rises 21 Percent to 637.7 Million

Press Release | 5/5/2021

Primerica reported total revenue of 637.7 million dollars for the first quarter of 2021, up 21 percent from a year earlier. Net income rose 35 percent to 97.9 million dollars, and diluted earnings rose 41 percent to 2.46 dollars a share. Adjusted operating earnings were 2.44 dollars a share, up 19 percent.

Investment and savings product sales rose 27 percent to a record 2.9 billion dollars. The company issued 82,667 term life policies, up 16 percent. Recruiting rose 12 percent to 94,633 new recruits. The life-licensed sales force ended the quarter at 132,030. Client asset values ended at 85.9 billion dollars, up 45 percent.

Chief executive Glenn Williams said COVID-19 raised demand for protection and investing among middle-income families. COVID-related death claims, net of reinsurance, were about 21 million dollars in the quarter. Buybacks remained suspended to fund the planned e-TeleQuote purchase. The board declared a dividend of 0.47 dollars a share payable June 14, 2021.

Primerica Agrees to Buy Majority Stake in e-TeleQuote for 600 Million Enterprise Value

Press Release | 4/19/2021

Primerica and Etelequote Limited said they signed a definitive agreement for Primerica to acquire 80 percent of e-TeleQuote operating subsidiaries at a 600 million dollar enterprise value. Primerica plans to buy the remaining 20 percent over as long as four years. The companies also signed a distribution agreement so Primerica U.S. representatives can refer Medicare Advantage and Medicare Supplement business to e-TeleQuote. Closing was expected in July 2021.

Chief executive Glenn Williams said the deal combines Primerica middle-income client relationships with e-TeleQuote expertise in senior health insurance. e-TeleQuote, based in Clearwater, Florida, distributes Medicare-related plans in all 50 states and Puerto Rico and works with carriers that include United Healthcare, Humana, and Anthem.

Under the share purchase agreement, Primerica would pay about 360 million dollars for the 80 percent equity stake based on an implied equity value of 450 million dollars after estimated net debt of 150 million dollars at closing. Funding was planned through cash, a revolving credit draw, and a sellers note. Sellers could earn up to 50 million dollars more if 2021 and 2022 targets are met. Primerica suspended share buybacks for the rest of 2021 after the announcement.

Primerica Fourth Quarter Revenue Rises 12 Percent to 598.3 Million

SEC filing | 2/9/2021

Primerica reported total revenue of 598.3 million dollars for the fourth quarter of 2020, up 12 percent from a year earlier. Net income rose 7 percent to 100.1 million dollars, and diluted earnings rose 13 percent to 2.52 dollars a share. Adjusted operating earnings were 2.45 dollars a share, up 10 percent.

The life-licensed sales force ended the year at 134,907, up 3 percent. The company issued 87,307 term life policies in the quarter, up 22 percent, and said full-year face amount issued reached a record 109 billion dollars. Investment and savings product sales rose 4 percent to 2.1 billion dollars, and client asset values ended at a record 82 billion dollars. Recruiting rose 33 percent to 80,599 new recruits.

Chief executive Glenn Williams said the pandemic made protection and long-term investing more urgent for middle-income clients and that the sales force adapted to meet that demand. COVID-19 death claims, net of reinsurance, were about 14 million dollars in the quarter, the highest since the pandemic began, and about 33 million dollars for the full year.

The board approved a share repurchase program of up to 300 million dollars through June 2022 and raised the quarterly dividend 18 percent to 0.47 dollars a share, payable March 15, 2021, to holders of record on February 22. Full-year revenue was a record 2.2 billion dollars, up 8 percent, and full-year diluted earnings were a record 9.57 dollars a share.