Financial Data and Key Metrics - Adjusted net operating income was $193 million, up 21% YoY [8] - Diluted adjusted operating earnings per share increased 28% to $5.68 [8] - The company repurchased $129 million of common stock and paid $31 million in regular dividends during the quarter [8] - Year-to-date, the company returned $463 million to stockholders through share repurchases and dividends [9] Business Line Data and Key Metrics - Term Life segment revenues increased 5% YoY to $450 million, driven by 6% growth in adjusted direct premiums [22] - Investment and Savings Products (ISP) segment sales increased 34% YoY to $2.9 billion, with variable annuity sales up 42% and mutual fund sales up 23% [15] - Client asset values in the ISP segment ended the quarter at $111 billion, up 26% YoY [16] - The company licensed 14,349 individuals, a 17% increase YoY, and issued 93,377 new term life policies, a 5% increase YoY [11][12] Market Data and Key Metrics - The company recruited over 142,000 individuals during the quarter, driven by a promotion that discounted licensing fees [10] - The size of the life license sales force increased 7% YoY to 148,890 as of September 30, 2024, and surpassed 150,000 licensed reps by the end of October [11] - In Canada, the company entered into a new distribution agreement with Canada Life, expanding product choices for Canadian families [17] Company Strategy and Industry Competition - The company continues to focus on growing its distribution network and serving middle-income families in the US and Canada [6] - Improvements in product offerings, such as more portfolio options in managed accounts and attractive variable annuity choices, have driven strong sales in the ISP segment [14] - The company is optimistic about the long-term potential of its mortgage business, which has seen a 25% increase in US mortgage volume year-to-date [18] Management Commentary on Operating Environment and Future Outlook - The company benefited from favorable equity markets, which bolstered investor confidence and drove strong results in the ISP segment [7] - Management expects full-year life sales to grow around 3%, despite cost-of-living pressures on middle-income families [13] - The company raised its 2024 ISP sales forecast to a range of 22% to 25% due to continued sales strength in October [16] Other Important Information - The company successfully exited its senior health business by abandoning e-TeleQuote Inc and permanently surrendering its rights to e-TeleQuote [21] - The senior health exit generated a tax saving of approximately $98 million, with the majority realized in 2024 [85][86] Q&A Session Summary Question: How has recruiting been following the expiration of the discounted licensing fees? - Recruiting has remained strong since the expiration of the discounted fees, with continued growth in recruiting through the rest of the quarter and a good October [37][38] Question: What are the main drivers of the upside surprise in sales force growth? - Strong recruiting at the front-end of the pipeline, improvements in focus and process, and effective communication by field leaders have driven the upside surprise in sales force growth [41][42][43] Question: What is driving the strong annuity sales? - Strong annuity sales are driven by attractive product features, an aging client base moving into the decumulation phase, and improved sales force effectiveness [76][77][78] Question: What is the outlook for the ISP redemption rate? - The ISP redemption rate is expected to average out over the long term, with some upward pressure from economic dynamics and the aging client base [47][48] Question: What is the impact of the senior health exit on taxes? - The senior health exit generated a tax saving of approximately $98 million, with the majority realized in 2024 [85][86] Question: What is the outlook for the YRT ceded premium ratio? - The YRT ceded premium ratio is expected to remain consistent, with the benefits and claims ratio projected to be around 58% for the fourth quarter [89][90]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-34680 Primerica, Inc. (Exact name of registrant as specified in its charter) Delaware 27-1204330 Common Stock PRI New York ...

Earnings Results Quarter Ended September 30, 2024 Forward-Looking Statements This presentation may contain forward-looking statements. Information on factors that could cause results to differ materially from those projected in this presentation is available in our Form 10-K for the year ended December 31, 2023, as may be modified by subsequent Forms 10-Q. These documents are available in the Investor Relations section of our website, https://investors.primerica.com. The forwardlooking statements speak as o ...

Primerica (PRI) reported $770.09 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 8%. EPS of $5.68 for the same period compares to $4.28 a year ago.The reported revenue represents a surprise of +4.05% over the Zacks Consensus Estimate of $740.09 million. With the consensus EPS estimate being $4.78, the EPS surprise was +18.83%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...

Primerica (PRI) came out with quarterly earnings of $5.68 per share, beating the Zacks Consensus Estimate of $4.78 per share. This compares to earnings of $4.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 18.83%. A quarter ago, it was expected that this life insurance and financial products company would post earnings of $4.45 per share when it actually produced earnings of $4.71, delivering a surprise of 5.84%.Over the la ...

Exhibit 99.2 Supplemental Financial Information Third Quarter 2024 Page Preface, definition of non-GAAP financial measures 3 Condensed balance sheets and reconciliation of balance sheet non-GAAP to GAAP financial measures 4 Financial results and other statistical data 5 Statements of income 6 Reconciliation of statement of income GAAP to non-GAAP financial measures 7-8 Segment operating results Term Life Insurance segment - financial results, financial analysis, and key statistics 9-10 Investment and Saving ...

Primerica (PRI) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on November 6, 2024, might help the stock move higher if these key numbers are better than ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Whi ...

Shares of Primerica Inc. (PRI) closed at $263.34 on Tuesday, near a 52-week high of $265.67. A compelling portfolio, strong market presence and solid capital position are driving the share price higher. This second-largest issuer of term-life insurance coverage in North America envisions being a successful senior health business while continuing to enhance its shareholders' value. PRI's earnings have risen 17.6% in the past five years, outperforming the industry average of 4.6%. Shares of PRI have gained 11 ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Whi ...