$PRI (Primerica, Inc.)

$PRI {{ '2016-08-09T05:20:16+0000' | timeago}} • Announcement

Financial services company $PRI reported 2Q16 net income of $59.3MM or $1.23 per diluted share, up 21% versus $49.2MM or $0.94 per diluted share in 2Q15, helped by higher net premiums. Revenue rose 8% to $379.2MM in the quarter, driven by growth in the Term Life Insurance segment.

$PRI {{ '2017-08-07T20:17:37+0000' | timeago}} • Announcement

$PRI declared a quarterly dividend of $0.20 per share for 2Q17, which reflects a 5.3% increase over the previous dividend. The dividend will be payable on September 15, 2017 to stockholders of record as of August 18, 2017.

$PRI {{ '2017-06-08T12:28:05+0000' | timeago}} • Announcement

$PRI elected Saxby Chambliss to its Board effective June 7, 2017. Chambliss has been a partner with the law firm of DLA Piper since January 2015, where he is a member of the firm’s government relations and cybersecurity teams.

$PRI {{ '2017-05-10T13:45:42+0000' | timeago}} • Announcement

Investment and Savings Products (ISP) sales for $PRI rose 15% year-over-year to $1.6Bil in 1Q17, while average client asset values increased 15% to $53.8Bil. Primerica issued 6% more life insurance policies to reach a total of 70,642, as recruits hiked 12% to 70,983 in the quarter.

$PRI {{ '2017-05-10T13:41:02+0000' | timeago}} • Announcement

Insurer $PRI's total revenues jumped 12% to $405.2MM in 1Q17, as net income soared 15% to $52.1MM from last year's $45.2MM. Earnings rose 21% to $1.11 per diluted share, while recording a 130 basis-point increase in return on equity (ROE) for the quarter.

$ZION {{ '2017-04-12T12:25:48+0000' | timeago}} • Announcement

$ZION has elected Barbara Yastine to its BoD. She also serves on the board of $PRI and $FDC; she has served as a member and chair of the audit committee of each company.

$PRI {{ '2017-02-08T14:53:22+0000' | timeago}} • Announcement

$PRI's BoD approved payment of a quarterly dividend of $0.19 per share for 4Q16, which reflects an increase of $0.01 per share over the previous dividend. The dividend will be payable on March 17, 2017 to stockholders of record as of Feb. 20, 2017.

$PRI {{ '2016-11-18T12:23:31+0000' | timeago}} • Webcast

$PRI said its BoD authorized a share repurchase program through June 30, 2018, pursuant to which the company is authorized to repurchase up to $200MM of its common stock.

$PRI {{ '2016-11-10T16:12:25+0000' | timeago}} • Webcast

$PRI is not anticipating anything major as far as product line changes with its providers. The company is not looking for a lot of disruption on this front.

$PRI {{ '2016-11-10T15:50:53+0000' | timeago}} • Webcast

On an annualized basis, $PRI expects the benefits and claims ratio to be in the 58-59% range and the Term Life operating margin to remain in the 19-20% range in 2017. Adjusted direct premiums are expected to show attractive growth rates in the low to mid teens through 2017.

$PRI {{ '2016-11-10T15:16:20+0000' | timeago}} • Webcast

During 3Q16, $PRI repurchased $41MM or approx. 743,000 shares of its common stock. Year-to-date, the company has repurchased $150MM or approx. 3MM shares of its common stock. The company expects to repurchase another $125-150MM in 2017 in addition to paying stockholder dividends.

$PRI {{ '2016-11-09T21:47:27+0000' | timeago}} • Announcement

Revenues of Term Life Insurance, $PRI's biggest segment, increased 13% to $222.6MM in 3Q16 compared to the prior year quarter. Investment and Savings Products segment revenue increased 1% to $130.1MM and Corporate and Other Distributed Products revenue was flat at $31MM.

$PRI {{ '2016-11-09T21:37:42+0000' | timeago}} • Announcement

Insurance and financial services provider $PRI reported a rise in its net income for 3Q16, helped by strong core business performance and the recent share repurchases. Net income grew 18% to $58MM and diluted EPS grew 25% to $1.22 compared with the prior year quarter. Revenue increased 8% to $383.6MM.

$PRI {{ '2016-08-11T07:26:54+0000' | timeago}} • Announcement

Financial products distributor $PRI said its BoD has approved a quarterly dividend of $0.18 per share for 2Q16, up $0.01 per share over previous dividend. The dividend will be payable on Sept. 16, 2016 to stockholders of record on Aug. 24, 2016.

$PRI {{ '2016-08-09T14:46:32+0000' | timeago}} • Webcast

During 2Q16, $PRI's Corporate and Other Distributed Products segment's operating revenues were $32.4MM. The modest YoverY increase in insurance and other OpEx was mainly due to higher employee rate expense, partially offset by $1.5MM lower interest expense from the negotiation reduction in the annual fees on an IPO-related reinsurance agreement.

$PRI {{ '2016-08-09T14:43:26+0000' | timeago}} • Webcast

During 2Q16, $PRI said that its Term Life segment margins expanded to 20.6%. Operating revenues and adjusted direct premiums both rose 14% YoverY for this segment. Investment and Savings Products (ISP) operating revenues fell 2%, while operating income before income taxes was 4% lower than 2Q15, with margins compressing slightly.

$PRI {{ '2016-08-09T14:37:12+0000' | timeago}} • Webcast

$PRI said that Term Life issued policies grew 14% in 2Q16 and continued to outperform the industry, which reported a 2% rise in life insurance applications YoverY as per the Medical Information Bureau (MIB) Life Index. Growth in the life insurance licensed sales force & productivity were the drivers of strong growth in issued policies.

$PRI {{ '2016-08-09T14:29:44+0000' | timeago}} • Webcast

During 2Q16, $PRI said that it repurchased $40.6MM or 800,000 shares of its common stock or a total of $90.5MM or 2MM shares repurchased YTD through June. The company expects to repurchase approx. $60MM of shares in 2H16 and around another $125MM in 2017 in addition to paying stockholder dividends.

$PRI {{ '2016-08-09T14:24:43+0000' | timeago}} • Webcast

Insurance and financial services company $PRI said that 2Q16 operating revenues rose 7% to $375.8MM and net operating income rose 17% to $57.1MM vs. 2Q15. The company said that results were driven by continued momentum in the Term Life business, as well as the seasonally strong trends historically experienced in the second quarter.

$PRI {{ '2016-08-09T05:26:17+0000' | timeago}} • Announcement

$PRI's 2Q16 net premiums rose 13.3% and net investment income grew 6.9% versus 2Q15. Company repurchased $40.6MM or about 800,000 shares of in the quarter, and repurchased $90.5MM or 2MM shares YTD through June.

$PRI {{ '2016-08-09T05:23:58+0000' | timeago}} • Announcement

In 2Q16, $PRI's Term Life Insurance segment revenue grew 14% versus 2Q15, due to increase in net premiums from ongoing growth in issued policies. Investment and Savings Products revenue fell 2%, impacted by market uncertainty and by weakness in variable annuity sales. Corporate and Other Distributed Products revenue grew 7% in the quarter.

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