Primerica Inc

NYSE:PRIUnited States

Nov 6, 2024

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• -- Earnings Flash (PRI) PRIMERICA Posts Q3 EPS $5.68, from 4:38PM ET on Wednesday Nov 06, 2024 by MT Newswires

  4:38PM ET on Wednesday Nov 06, 2024 by MT Newswires
  Companies Mentioned: PRI
  04:38 PM EST, 11/06/2024 (MT Newswires) -- ...

• *DJ Primerica 3Q EPS $4.83 >PRI, from 4:15PM ET on Wednesday Nov 06, 2024 by Dow Jones

  4:15PM ET on Wednesday Nov 06, 2024 by Dow Jones
  Companies Mentioned: PRI
  PRIMERICA, INC. AND SUBSIDIARIES Consolidated Adjusted Operating Results Reconciliation (Unaudited) Three months ended September 30, ------------------------------------------ % 2024 2023 Change -------------------- -------------------- --------- (In thousands, except per-share amounts) Total revenues $ 774,129 $ 697,496 11% Less: Investment (losses) gains 2,209 (1,795) Less: 10% deposit asset MTM included in NII 1,830 (481) --- ----------- ------------ Adjusted operating revenues $ 770,090 $ 699,772 10% === =========== ============ Income from continuing operations before income taxes $ 254,578 $ 206,384 23% Less: Investment (losses) gains 2,209 (1,795) Less: 10% deposit asset MTM included in NII 1,830 (481) Less: Restructuring costs (2,013) - --- ----------- ------------ Adjusted operating income before income taxes $ 252,552 $ 208,660 21% === =========== ============ Income from continuing operations $ 194,737 $ 157,454 24% Less: Investment (losses) gains 2,209 (1,795) Less: 10% deposit asset MTM included in NII 1,830 (481) Less: Restructuring costs (2,013) - Less: Tax impact of preceding items (476) 535 --- ----------- ------------ Adjusted net operating income $ 193,187 $ 159,195 21% === =========== ============ Diluted earnings per share from continuing operations $ 5.72 $ 4.38 31% Less: Net after-tax impact of operating adjustments 0.04 (0.05) --- ----------- ------------ Diluted adjusted operating earnings per share $ 5.68 $ 4.43 28% === =========== ============ TERM LIFE INSURANCE SEGMENT Adjusted Premiums Reconciliation (Unaudited) Three months ended September 30, -------------------------------------- 2024 2023 % Change ------------------- ----------------- -------- (In thousands) Direct premiums $ 847,626 $ 826,665 3% Less: Premiums ceded to IPO coinsurers 198,726 212,951 ----------- ------------ Adjusted direct premiums 648,900 613,714 6% ----------- ------------ Ceded premiums (411,526) (409,801) Less: Premiums ceded to IPO coinsurers (198,726) (212,951) ----------- ------------ Other ceded premiums (212,800) (196,850) ----------- ------------ Net premiums $ 436,100 $ 416,864 5% =========== ============ CORPORATE AND OTHER DISTRIBUTED PRODUCTS SEGMENT Adjusted Operating Results Reconciliation (Unaudited) Three months ended September 30, ----------------------------------------- 2024 2023 % Change ------------------- -------------------- ---------- (In thousands) Total revenues $ 57,750 $ 49,826 16% Less: Investment gains (losses) 2,209 (1,795) Less: 10% deposit asset MTM included in NII 1,830 (481) ----------- ------------ Adjusted operating revenues $ 53,711 $ 52,102 3% =========== ============ Income (loss) before income taxes $ (3,687) $ 789 NM Less: Investment gains (losses) 2,209 (1,795) Less: 10% deposit asset MTM included in NII 1,830 (481) Less: Restructuring costs (2,013) - ----------- ------------ Adjusted operating income (loss) before income taxes $ (5,713) $ 3,065 NM =========== ============ PRIMERICA, INC. AND SUBSIDIARIES Adjusted Stockholders' Equity Reconciliation (Unaudited) September 30, % 2024 December 31, 2023 Change ---------------- ------------------- --------- (In thousands) Stockholders' equity $ 1,946,828 $ 2,065,967 (6)% Less: Net unrealized gains (losses) (103,510) (170,008) Less: Effect of change in discount rate assumptions on the liability for future policy benefits (71,241) (39,086) ----------- -------------- Adjusted stockholders' equity $ 2,121,579 $ 2,275,061 (7)% =========== ==============