Primerica, Inc. (NYSE: PRI), a leading provider of financial services to middle-income families in North America, has announced financial results for the first quarter ended March 31, 2025.
Total revenues reached $804.8 million, a 9% increase compared to the first quarter of 2024. Net income was $169.1 million, up 14% year-over-year. Earnings per diluted share were $5.05, an increase of 19% compared to the prior year period.
Adjusted results were similarly strong:
Adjusted operating revenues: $803.6 million, up 9%
Adjusted net operating income: $168.1 million, up 14%
Diluted adjusted operating EPS: $5.02, up 20%
Glenn Williams, CEO of Primerica said.
“Our results this quarter highlight the strength and consistency of our business, Momentum in our Investment and Savings Products Segment, along with steady performance in our Term Life business, contributed to strong financial results this quarter.”
Segment Highlights
Term Life Insurance
Revenue: $457.8 million (↑ 4%)
Policies Issued: 86,415
Productivity: 0.19 policies/month per life-licensed rep
Operating margin: 22.1%
Investment and Savings Products (ISP)
Product Sales: $3.6 billion (↑ 28%)
Net Inflows: $839 million
Client Asset Value: $110 billion (↑ 6%)
Segment Revenues: $290.8 million (↑ 19%)
Pre-tax income: $81.3 million (↑ 24%)
Corporate and Other Distributed Products
Adjusted operating loss: $8.0 million (vs. $11.7M loss in Q1 2024)
Distribution Growth
New Recruits: 100,867
Newly Licensed Representatives: 12,339
Total Life-Licensed Sales Force: 152,167 (↑ 7% YoY)
Capital