Last $46.45 USD
Change Today +0.29 / 0.63%
Volume 153.0K
PRI On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

primerica inc (PRI) Snapshot

Open
$46.08
Previous Close
$46.16
Day High
$46.77
Day Low
$46.07
52 Week High
03/21/14 - $49.59
52 Week Low
04/22/13 - $32.01
Market Cap
2.5B
Average Volume 10 Days
225.2K
EPS TTM
$2.99
Shares Outstanding
54.6M
EX-Date
02/18/14
P/E TM
15.5x
Dividend
$0.48
Dividend Yield
0.97%
Current Stock Chart for PRIMERICA INC (PRI)

primerica inc (PRI) Related Businessweek News

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primerica inc (PRI) Details

Primerica, Inc., together with its subsidiaries, distributes financial products to middle income households in the United States and Canada. The company operates in three segments: Term Life Insurance; Investment and Savings Products; and Corporate and Other Distributed Products. It underwrites individual term life insurance products. The company also distributes and sells mutual funds and certain retirement plans, managed accounts, variable and fixed annuities, fixed indexed annuities, and segregated funds. In addition, it offers auto and homeowners' insurance referrals, long-term care insurance, debt resolution referrals, and mortgage loan referrals; and insurance products, including supplemental medical and dental, accidental death, and disability, as well as student life 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 attorny, trial defense, and motor vehicle-related matters; and credit information products that allow clients to access their credit score and other personal credit information. Primerica, Inc. is headquartered in Duluth, Georgia.

1,995 Employees
Last Reported Date: 02/27/14

primerica inc (PRI) 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 2013.

primerica inc (PRI) Key Developments

Primerica, Inc. Presents at Bank of America Merrill Lynch Smid Cap Conference, Mar-19-2014 12:30 PM

Primerica, Inc. Presents at Bank of America Merrill Lynch Smid Cap Conference, Mar-19-2014 12:30 PM. Venue: The Ritz-Carlton, Boston Common, 10 Avery Street, Boston, Massachusetts, United States.

Primerica, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

Primerica, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company's total revenues were $327,240,000 compared to $304,501,000 a year ago. Income before income taxes was $56,966,000 compared to $60,946,000 a year ago. Net income was $37,201,000 or $0.67 per diluted share compared to $40,271,000 or $0.67 per diluted share a year ago. Operating income before income taxes was $71,618,000 compared to $62,962,000 a year ago. Net operating income was $46,769,000 compared to $41,603,000 a year ago. Diluted operating earnings per share was $0.84 compared to $0.69 a year ago. In the fourth quarter, 12.3% net income return on stockholders' equity and ROAE expanded to 16.4%. The year-over-year results demonstrate Primerica's earnings power when key drivers of diverse business, including sales volumes, market performance, persistency and mortality, are strong or improving and capital redeployment remains a focus. Solid operating results in the fourth quarter versus the prior year period were primarily driven by growth in New Term premiums and strong Investment and Savings Products performance including a 19% growth in average client asset values. Results in the fourth quarter also reflect lower net investment income due to lower yield on invested assets and a smaller invested asset base following share repurchases during 2013. For the year, the company's total revenues were $1,267,448,000 compared to $1,190,715,000 a year ago. Income before income taxes was $251,198,000 compared to $266,888,000 a year ago. Net income was $162,725,000 or $2.83 per diluted share compared to $173,806,000 or $2.71 per diluted share a year ago. Operating income before income taxes was $263,882,000 compared to $267,951,000 a year ago. Net operating income was $171,027,000 compared to $174,538,000 a year ago, primarily reflecting higher legal fees and expenses related to FRS. Diluted operating earnings per share was $2.97 compared to $2.72 a year ago. Year-over-year, a 70 basis points increase in ROAE to 15.0% compared with 2012. Increase in operating revenue was driven by term life net premium growth of 10% and strong investment savings products performance compared to 2012.

Primerica, Inc. Declares Quarterly Dividend, Payable on March 10, 2014

Primerica, Inc. board of directors approved payment of a quarterly dividend of $0.12 per share for the fourth quarter of 2013. The dividend will be payable on March 10, 2014, to stockholders of record as of February 20, 2014.

 

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Industry Analysis

PRI

Industry Average

Valuation PRI Industry Range
Price/Earnings 16.4x
Price/Sales 2.0x
Price/Book 2.1x
Price/Cash Flow 15.6x
TEV/Sales 1.5x
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