Primerica

Primerica Reports First Quarter 2024 Results

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星期一, 五月 6, 2024
Professional Services, Insurance, Finance, Asset Management, Fintech, Banking, Personal Finance, Sale, Total, LTV, Policy, RBC, DAC, Software, Webcast, Term Life, IPO, Tax, MTM, Acquisition, Bank statement, Adjustment, GAAP, Growth, Primerica, Term

Life insurance policies issued during the first quarter of 2024 increased 2% to 86,587, helping to drive $28.7 billion in term life face amount issued during the three months ended March 31, 2024.

Key Points: 
  • Life insurance policies issued during the first quarter of 2024 increased 2% to 86,587, helping to drive $28.7 billion in term life face amount issued during the three months ended March 31, 2024.
  • Primerica Life Insurance Company’s statutory risk-based capital (RBC) ratio was estimated to be approximately 430% as of March 31, 2024.
  • The proceeds of this claim will be excluded from second quarter adjusted operating results to provide comparability to the prior year results.
  • Primerica will hold a webcast on Tuesday, May 7, 2024, at 10:00 a.m. Eastern, to discuss the quarter’s results.

SHAREHOLDER ALERT: Primerica Investigated by Block & Leviton For Potential Securities Law Violations; Investors Who Have Lost Money Are Encouraged to Contact the Firm

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星期四, 四月 18, 2024
Block & Leviton, PRI, Bears' Cave, Primerica, Cryptocurrency

BOSTON, April 18, 2024 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Primerica Inc. (NYSE: PRI) for potential securities law violations.

Key Points: 
  • BOSTON, April 18, 2024 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Primerica Inc. (NYSE: PRI) for potential securities law violations.
  • Investors who have lost money in their Primerica Inc. investment should contact the firm to learn more about how they might recover those losses.
  • Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.
  • If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at [email protected] , or by phone at (617) 398-5600.

Reinsurance Group of America Appoints New Member to Board of Directors

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星期一, 四月 1, 2024
Health Insurance, Professional Services, Health, Insurance, Risk management, Growth, Business, RGA, Strategic planning, University, IPO, Audit committee, Primerica, Reinsurance Group of America, Management

Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, today announced the appointment of Alison Rand to its Board of Directors.

Key Points: 
  • Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, today announced the appointment of Alison Rand to its Board of Directors.
  • Ms. Rand is an Independent Director of Regions Financial Corporation and a member of the Board’s Audit and Technology Committees.
  • She is a member of the university’s National Foundation Board and formerly served as the Audit Committee Chair.
  • She currently serves as Vice Chair of the Dean’s Advisory Council at the University of Florida Warrington College of Business.

Primerica Reports Fourth Quarter 2023 Results

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星期二, 二月 13, 2024
Personal Finance, Finance, Banking, Professional Services, Insurance, Acquisition, DAC, Primerica, Share repurchase, Marketing, Growth, Sale, Adjustment, IPO, RBC, GAAP, Webcast, Policy, Tax, MTM, CAC, Software

Productivity, as measured by the number of policies issued per life-licensed reps per month, increased from an adjusted 0.20 policies in the fourth quarter of 2022 to 0.21 policies in the fourth quarter of 2023.

Key Points: 
  • Productivity, as measured by the number of policies issued per life-licensed reps per month, increased from an adjusted 0.20 policies in the fourth quarter of 2022 to 0.21 policies in the fourth quarter of 2023.
  • The fourth quarter results reflect lower sales from a less tenured agent mix.
  • During the fourth quarter of 2023, the segment recorded an adjusted operating pre-tax loss of $5.4 million compared to an adjusted operating pre-tax loss of $8.8 million in the fourth quarter of 2022.
  • The effective tax rate was 22.9% in the fourth quarter of 2023 compared to 21.4% in the prior year period.

SPECIAL REPORT: Even as Inflation Drops, Financial Challenges Remain for Middle-Income Families

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星期二, 十二月 12, 2023
Personal Finance, Finance, Professional Services, Other Professional Services, Asset Management, Food, PRI, NYSE, Tutoring, Primerica

Primerica, Inc. (NYSE: PRI), a leading provider of financial services in the United States and Canada, released a special report titled, “Perception vs.

Key Points: 
  • Primerica, Inc. (NYSE: PRI), a leading provider of financial services in the United States and Canada, released a special report titled, “Perception vs.
  • As a result, rebuilding depleted savings and paying off debt is likely to take several more months and potentially even several years for many middle-income families.
  • “The compounding impact of inflation has left a deep mark on middle-income household finances,” Cutts said.
  • “This report highlights the importance of budgeting and seeking guidance from a financial professional, who can assist households as they navigate financial difficulties.”

Primerica Household Budget Index™: Middle-Income Households Saw Improving Financial Conditions in October

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星期四, 十一月 30, 2023
Men, Retail, Family, Utilities, Consumer, Public Policy, Government, Energy, Personal Finance, Professional Services, Supermarket, Other Consumer, Women, Food, Beverage, Other Policy Issues, PRI, NYSE, Traction, Multimedia, Doctor of Philosophy, Growth, Gasoline, Cryptocurrency, Tutoring, Primerica

In October 2023, the average purchasing power for middle-income households was 99.1%, up from 98.1% in September.

Key Points: 
  • In October 2023, the average purchasing power for middle-income households was 99.1%, up from 98.1% in September.
  • View the full release here: https://www.businesswire.com/news/home/20231129111859/en/
    Primerica Household Budget Index™ (HBI™) – In October 2023, the average purchasing power for middle-income households was 99.1%, up from 98.1% in September.
  • Since the baseline of January 2019, the average middle-income household has cumulatively spent around $1,095 more than budget on basic necessities.
  • For more information on the Primerica Household Budget Index, visit www.householdbudgetindex.com .

Primerica Announces $425 Million Share Repurchase Program for 2024

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星期四, 十一月 16, 2023
Banking, Professional Services, Insurance, Finance, Share repurchase, Primerica, PRI, Term Life, NYSE

After reporting solid third quarter results, Primerica, Inc. (NYSE: PRI) today announced that its Board of Directors has authorized a $425 million share repurchase program to occur through December 31, 2024.

Key Points: 
  • After reporting solid third quarter results, Primerica, Inc. (NYSE: PRI) today announced that its Board of Directors has authorized a $425 million share repurchase program to occur through December 31, 2024.
  • Share repurchases may be made from time to time through open market transactions, block trades and/or privately negotiated transactions and are subject to market conditions, as well as corporate, regulatory, and other considerations.
  • “Our Term Life business remains a dependable and consistent source of free cash flow for the Company.
  • “The strength of the business supported the Board of Directors’ decision to once again increase the size of our share repurchase program.”
    This share repurchase program may be discontinued at any time by the Board of Directors, and the Company has no obligation to repurchase any amount of its common stock under the program.

AM Best Affirms Credit Ratings of Primerica, Inc. and Its Subsidiaries

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星期三, 十一月 15, 2023
Professional Services, Insurance, Finance, Medicare Advantage, Return on equity, Medigap, NYSE, Risk management, Investment, Credit, AM Best, Superior, Medicare, News, ALL, Primerica, Mississauga

AM Best also has affirmed the Long-Term Issue Credit Rating of “a-” (Excellent) on $600 million, 2.8% senior unsecured notes, due 2031, of Primerica.

Key Points: 
  • AM Best also has affirmed the Long-Term Issue Credit Rating of “a-” (Excellent) on $600 million, 2.8% senior unsecured notes, due 2031, of Primerica.
  • The outlook of these Credit Ratings (ratings) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Blue Chip Partners Named a Top Registered Investment Advisory Firm in Michigan by Forbes

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星期一, 十二月 11, 2023
Passover Seder, Blue Chip Economic Indicators, CMT, Primerica, Telephone, Senior, Notre Dame High School, Genuine Parts Company, ASML Holding, Blue chip, EDS, PDF, CAIA, CFA, Investment, Research, Partner, Professional corporation, Marketing, Michigan State University, Golf, Amy, Tree, Electronic Data Systems, Chocolate, Forgotten Harvest, University, Partnership, CPA, Education, Family, Foreign Investment Review Board, MSU, Orchard, RIA, Texas Instruments, Financial adviser, Pharmaceutical industry, Nursing, Telescopic sight, Video game, Engineering

FARMINGTON HILLS, Mich., Dec. 11, 2023 /PRNewswire/ -- Blue Chip Partners ("Blue Chip"), an award-winning, independent Registered Investment Advisor (RIA) and comprehensive wealth management firm located just outside of Detroit, was recently named one of the top RIA firms in Michigan by Forbes and SHOOK Research.

Key Points: 
  • FARMINGTON HILLS, Mich., Dec. 11, 2023 /PRNewswire/ -- Blue Chip Partners ("Blue Chip"), an award-winning, independent Registered Investment Advisor (RIA) and comprehensive wealth management firm located just outside of Detroit, was recently named one of the top RIA firms in Michigan by Forbes and SHOOK Research.
  • In the 2023 list of America's Top RIA Firms , Blue Chip was ranked #10 in Michigan and #215 nationally.
  • "Being included in this industry-leading ranking is a huge honor for us," said Robert Steinberg, Founder and CEO of Blue Chip Partners.
  • To learn more about McLeod and the rest of the team at Blue Chip Partners, please visit the firm's team page .

InsurTech Leader FastTrack & Primerica Canada Strengthen Commitment to Customer Excellence with Renewal Agreement

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星期二, 十一月 14, 2023
FastTrack, Life, Disability, Primerica, Partnership, Risk management, Renewable energy

BEDMINSTER, N.J., Nov. 14, 2023 /PRNewswire/ -- FastTrack , a leader in the Life & Disability Digital Transformation Insurance vertical, is pleased to announce the renewal of its customer agreement with longstanding partner Primerica Life Insurance Company of Canada ("Primerica Canada"), a leading provider of financial products and services in Canada.

Key Points: 
  • BEDMINSTER, N.J., Nov. 14, 2023 /PRNewswire/ -- FastTrack , a leader in the Life & Disability Digital Transformation Insurance vertical, is pleased to announce the renewal of its customer agreement with longstanding partner Primerica Life Insurance Company of Canada ("Primerica Canada"), a leading provider of financial products and services in Canada.
  • As part of this agreement, FastTrack will continue to provide Life Waiver Tools and Claim Decision Readiness Services to support Primerica's Canada operations and growth strategies.
  • "We are thrilled to continue our collaboration with Primerica Canada as they embark on their next phase of success," said Thomas Capato CEO and Cofounder, of FastTrack.
  • Both FastTrack and Primerica Canada are enthusiastic about the prospects that this renewal agreement brings forth.