Primerica Reports 9% Increase in Revenues, Strong First Quarter 2025

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 and Shareholder Updates

• Stock Repurchases: 413,670 shares for $118 million

• Dividend Declared: $1.04 per share, payable June 13, 2025

• RBC Ratio (Primerica Life): ~470% as of March 31, 2025

About Primerica, Inc.

Headquartered in Duluth, GA, Primerica is a leading financial services company serving middle-income families. Through its network of independent representatives, Primerica offers term life insurance, mutual funds, annuities, and other financial products. The company serves over 5.5 million lives and manages more than 3 million investment accounts. Primerica is the #3 issuer of Term Life insurance coverage in the United States and Canada and is publicly traded on the New York Stock Exchange.