Primerica, Inc. (NYSE: PRI) recently today financial results for the quarter ended March 31, 2016. Total revenues were $363.0 million and net income was $45.2 million or $0.92 per diluted share in the first quarter of 2016.
Glenn Williams, Chief Executive Officer said, “We have begun 2016 with strong distribution growth. The size of our life insurance licensed sales force grew 10% which drove 19% growth in life insurance policies issued versus the first quarter a year ago.”
“Solid core performance across business segments coupled with recent share repurchases resulted in a 17% increase in diluted operating EPS and a 170 basis points increase in return on adjusted equity (ROAE) year-over-year.”
In the first quarter, operating revenues increased 6% to $363.7 million and net operating income increased 7% to $45.7 million from the prior