Last €26.35 EUR
Change Today -0.13 / -0.49%
Volume 0.0
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As of 2:05 AM 05/24/13 All times are local (Market data is delayed by at least 15 minutes).

primerica inc (PI7) Snapshot

Open
€26.34
Previous Close
€26.48
Day High
€26.35
Day Low
€26.34
52 Week High
05/16/13 - €26.98
52 Week Low
06/4/12 - €18.60
Market Cap
--
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
0.0
EX-Date
05/22/13
P/E TM
--
Dividend
€0.44
Dividend Yield
1.12%
Current Stock Chart for PRIMERICA INC (PI7)

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primerica inc (PI7) Details

Primerica, Inc., together with its subsidiaries, distributes financial products to middle income households in the United States and Canada. It underwrites individual term life insurance products. The company also distributes and sells mutual funds, managed accounts, variable and fixed annuities, fixed indexed annuities, and segregated funds. In addition, it offers long-term care insurance, auto and homeowners' insurance referrals, and debt resolution referrals; mortgage loan referrals; and insurance products, including supplemental medical and dental, accidental death, and disability, as well as student life and short-term disability benefit insurance products for small businesses. Further, the company provides prepaid legal services that assist subscribers with legal matters, such as drafting wills, living wills and powers of attorney, trial defense, and motor vehicle-related matters; and Primerica DebtWatchers, which allows clients to create a plan for paying off their debt, and provides clients with periodic updates of their credit score and other personal credit information. Primerica, Inc. is based in Duluth, Georgia.

1,971 Employees
Last Reported Date: 02/27/13

primerica inc (PI7) Top Compensated Officers

Co-Chief Executive Officer, Director and Chai...
Total Annual Compensation: $750.0K
Chairman of the Board and Co-Chief Executive ...
Total Annual Compensation: $750.0K
President
Total Annual Compensation: $450.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $450.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $450.0K
Compensation as of Fiscal Year 2012.

primerica inc (PI7) Key Developments

Primerica, Inc. Announces Grand Opening of its New Global Headquarters in Gwinnett

Primerica, Inc. announced the opening of its global headquarters in Duluth, Gwinnett County. Located at #1 Primerica Parkway, the 365,000-square-foot facility is equipped to house 1,600 of the company's 1,700 Gwinnett-based employees and has the capacity for an additional 200 people. The newly constructed facility, located in the Duluth area, consolidates all of Primerica's operations into a single, three-story building with connecting wings that support streamlined business operations and enhanced logistical efficiencies. The building boasts 58 conference rooms; a theatre and adjoining TV studio; a 248-seat café; and an interactive tour dubbed "Imagine," designed to showcase the new global headquarters to current and prospective representatives and employees.

Primerica, Inc. Declares Quarterly Dividend, Payable on June 10, 2013

Primerica, Inc. approved payment of a quarterly dividend of $0.11 per share for the first quarter of 2013. The dividend will be payable on June 10, 2013, to stockholders of record as of May 24, 2013.

Primerica, Inc. Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2013

Primerica, Inc. announced unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, the company's total revenues were $308.4 million compared with $286.6 million a year ago. Income before income taxes was $60.2 million compared with $63.5 million a year ago. Net income was $38.8 million or $0.65 per diluted share compared with $41.8 million or $0.61 per diluted share a year ago. Operating income before income taxes was $60.96 million compared with $64.4 million a year ago. Net operating income was $39.3 million compared with $42.4 million a year ago. Results reflect a year-over-year decline in net investment income, which was impacted by its repurchase of 9.5 million shares throughout 2012 and a lower current yield on invested assets related to the accumulation of cash for the excess capital distribution from PLIC to Primerica, Inc. Net operating income was also impacted by an increase in legal fees and expenses, higher interest expense due to the execution of the redundant reserve financing in March 2012 and increases in premium-related and employee-related expenses compared with the first quarter of 2012. Diluted operating earnings per share were $0.66 compared with $0.62 a year ago. Net income return on stockholders' equity was 12.0% compared with 12.3% a year ago. Net income return on adjusted stockholders' equity was 13.2% compared with 13.3% a year ago.

 

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Industry Analysis

PI7

Industry Average

Valuation PI7 Industry Range
Price/Earnings 12.4x
Price/Sales 1.6x
Price/Book 1.5x
Price/Cash Flow 11.4x
TEV/Sales 1.0x
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