Primerica

Consumers Experienced Increase in Purchasing Power in September with Slowing Inflation and Higher Income Growth

Retrieved on: 
Monday, October 30, 2023
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In September 2023, the average purchasing power for middle-income households was 99.3%, up from 97.4% in August.

Key Points: 
  • In September 2023, the average purchasing power for middle-income households was 99.3%, up from 97.4% in August.
  • View the full release here: https://www.businesswire.com/news/home/20231030387479/en/
    Primerica Household Budget Index™ (HBI™) - In September 2023, the average purchasing power for middle-income households was 99.3%, up from 97.4% in August.
  • Latest index shows middle-income families are seeing improvements in spending power, yet still recovering from the cumulative impact of high inflation.
  • (Graphic: Business Wire)
    “Wage growth outpaced the increased cost of necessities in September 2023, improving the purchasing power of middle-income households to 99.3%,” said Glenn J. Williams, CEO of Primerica.

Primerica Schedules Third Quarter 2023 Financial Results Webcast

Retrieved on: 
Tuesday, October 24, 2023
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Primerica, Inc. (NYSE:PRI) announced today that it will hold a webcast on Wednesday, November 8, 2023, at 10:00 a.m. Eastern time to discuss the Company’s results for the quarter ended September 30, 2023, as well as other business-related matters, including future expectations.

Key Points: 
  • Primerica, Inc. (NYSE:PRI) announced today that it will hold a webcast on Wednesday, November 8, 2023, at 10:00 a.m. Eastern time to discuss the Company’s results for the quarter ended September 30, 2023, as well as other business-related matters, including future expectations.
  • A news release announcing the quarter’s results will be distributed after the close of the market on Tuesday, November 7, 2023.
  • The earnings news release, financial supplement and live webcast will be available on the Primerica Investors website at https://investors.primerica.com .
  • A replay of the call will be available for approximately 30 days.

SURVEY: For First Time Since 2020, More Middle-Income Households Rate Finances Negatively Than Positively

Retrieved on: 
Thursday, October 12, 2023
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For the first time in the survey’s history, more middle-income Americans rate their personal finances negatively than positively.

Key Points: 
  • For the first time in the survey’s history, more middle-income Americans rate their personal finances negatively than positively.
  • Just over half (51%) say their finances are either not so good or poor while less than half (49%) say they are excellent or good.
  • The financial outlook is negatively impacting many households on a personal level.
  • In addition, almost a quarter (23%) say their financial situation has impacted their relationship with their spouse or partner.

Rising Gas Prices Continue to Limit Purchasing Power of Middle-Income Households

Retrieved on: 
Thursday, September 28, 2023
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In August 2023, the average purchasing power for U.S. middle-income households was 97.4%, down from 97.5% in July 2023.

Key Points: 
  • In August 2023, the average purchasing power for U.S. middle-income households was 97.4%, down from 97.5% in July 2023.
  • View the full release here: https://www.businesswire.com/news/home/20230928660855/en/
    Primerica Household Budget Index™ - In August 2023, the average purchasing power for U.S. middle-income households was 97.4%, down from 97.5% in July 2023.
  • “Both gas and food costs rose, impacting the increase in purchasing power occurring since last June.
  • Between 2014 and 2020, the HBI™ results recorded steady gains in purchasing power for middle-income families, with a peak of 102.8% in November 2020.

Primerica Names Tracy Tan as Successor to Chief Financial Officer

Retrieved on: 
Thursday, September 14, 2023
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Tan will assume the role of Chief Financial Officer as of the date that the Company’s existing Chief Financial Officer relinquishes that title, which shall occur no later than April 1, 2024.

Key Points: 
  • Tan will assume the role of Chief Financial Officer as of the date that the Company’s existing Chief Financial Officer relinquishes that title, which shall occur no later than April 1, 2024.
  • View the full release here: https://www.businesswire.com/news/home/20230914088579/en/
    Primerica names Tracy Tan as successor to Chief Financial Officer.
  • From December 2015 to January 2018, Ms. Tan was Senior Vice President and Chief Financial Officer for Assurant Global Housing, a subsidiary of Assurant, Inc. (NYSE: AIZ), an insurance and financial services company.
  • “Primerica is recognized as a company that is innovative and uniquely dedicated to supporting the financial needs of the middle market,” said Ms. Tan.

Primerica Releases Inaugural Household Budget Index™ (HBI™) to Illustrate Purchasing Power of Middle-Income Families

Retrieved on: 
Tuesday, August 22, 2023
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It also evaluates whether there are opportunities for middle-income families to save money or pay down debt versus use savings or increase debt.

Key Points: 
  • It also evaluates whether there are opportunities for middle-income families to save money or pay down debt versus use savings or increase debt.
  • Between 2014 and 2020, the HBI™ results recorded steady gains in purchasing power for middle-income families, with a peak of 102.8% in November 2020.
  • See “Chart 1: Primerica HBI™.”
    “Understanding the purchasing power of middle-income households from month-to-month will make our guidance even more precise as we serve the financial needs of middle-income families,” said Glenn J. Williams, CEO of Primerica.
  • Since the baseline of January 2019, the average middle-income household has cumulatively spent around $3,150 more than budget on basic necessities.

Primerica Reports Second Quarter 2023 Results

Retrieved on: 
Monday, August 7, 2023
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The second quarter benefits and claims ratio of 57.6% and the DAC amortization ratio of 11.8% are both consistent with the prior year period revised results.

Key Points: 
  • The second quarter benefits and claims ratio of 57.6% and the DAC amortization ratio of 11.8% are both consistent with the prior year period revised results.
  • During the second quarter of 2023, the segment recorded an operating loss of $3.6 million compared to an operating loss of $9.1 million in the prior year period.
  • The effective tax rate was 23.5% in the second quarter of 2023, up from 22.9% in the second quarter of 2022 as a result of slightly higher state income taxes.
  • Primerica will hold a webcast on Tuesday, August 8, 2023, at 10:00 a.m. Eastern, to discuss the quarter’s results.

Forbes Recognizes Primerica as One of America’s Best Employers for Women Fifth Consecutive Year

Retrieved on: 
Tuesday, July 25, 2023
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Primerica, Inc. (NYSE:PRI), a leading provider of financial services to middle-income families in the United States and Canada, has been named by Forbes as one of the Best Employers for Women five years in a row.

Key Points: 
  • Primerica, Inc. (NYSE:PRI), a leading provider of financial services to middle-income families in the United States and Canada, has been named by Forbes as one of the Best Employers for Women five years in a row.
  • Receiving this honor for the fifth time showcases our ongoing commitment to achieve diversity, equality, inclusion and belonging in the workplace.”
    Approximately 63 percent of Primerica employees are female, and 45 percent of management employees are women.
  • In addition to this recognition, Primerica appears on Newsweek’s America’s Greatest Places to Work and is included in the 2023 Bloomberg Gender-Equality Index.
  • Forbes partnered with Statista Inc., the world-leading statistics portal and industry ranking provider, to survey approximately 60,000 U.S. employees working for companies with a minimum of 1,000 employees to compile the 2023 list.

Primerica Schedules Second Quarter 2023 Financial Results Webcast

Retrieved on: 
Monday, July 24, 2023
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Primerica, Inc. (NYSE:PRI) announced today that it will hold a webcast on Tuesday, August 8, 2023, at 10:00 a.m. Eastern time to discuss the Company’s results for the quarter ended June 30, 2023, as well as other business-related matters, including future expectations.

Key Points: 
  • Primerica, Inc. (NYSE:PRI) announced today that it will hold a webcast on Tuesday, August 8, 2023, at 10:00 a.m. Eastern time to discuss the Company’s results for the quarter ended June 30, 2023, as well as other business-related matters, including future expectations.
  • A news release announcing the quarter’s results will be distributed after the close of the market on Monday, August 7, 2023.
  • The earnings news release, financial supplement and live webcast will be available on the Primerica Investors website at https://investors.primerica.com .
  • A replay of the call will be available for approximately 30 days.

Alison Rand Appointed to the Regions Financial Corp. and Regions Bank Boards of Directors

Retrieved on: 
Wednesday, July 19, 2023
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Regions Financial Corp. (NYSE:RF) on Wednesday announced Alison Rand has been appointed to the boards of Regions Financial Corp. and its subsidiary, Regions Bank .

Key Points: 
  • Regions Financial Corp. (NYSE:RF) on Wednesday announced Alison Rand has been appointed to the boards of Regions Financial Corp. and its subsidiary, Regions Bank .
  • View the full release here: https://www.businesswire.com/news/home/20230719019754/en/
    Alison Rand has been appointed to the Regions Financial Corp. and Regions Bank Boards of Directors, effective Oct. 1, 2023.
  • (Photo: Business Wire)
    An experienced corporate executive, Rand has served as Executive Vice President and Chief Financial Officer for Primerica for 23 years.
  • “Alison’s depth of experience will complement the vision and focus of the Regions Boards of Directors as we develop and enhance strategies to support the company’s commitment to deliver consistent, sustainable long-term performance,” said Charles McCrary, Chair of the Regions Financial Corp. and Regions Bank Boards.