Primerica (PRI) Reports In-Line Q2 EPS

Primerica (NYSE: PRI) reported Q2 EPS of $0.94, in-line with the analyst estimate of $0.94. Revenue for the quarter came in at $350.9 million versus the consensus estimate of $347.7 million.

Glenn Williams, Chief Executive Officer said, “Solid core performance across business segments combined with active capital deployment drove growth in operating EPS and ROAE versus the second quarter a year ago. Our ongoing efforts to drive organic growth resulted in a 5% increase in the size of our life insurance licensed sales force reflecting 15% growth in new representatives obtaining a life insurance license year-over-year. In the second quarter, Term Life issued polices increased 14% and Investment and Savings Products continued to experience record setting sales, up 9% compared with the year ago period. The excitement generated by the incentives, technology and product enhancements launched at our July convention should continue to generate growth in the second half of 2015.”

For earnings history and earnings-related data on Primerica (PRI) click here.

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