Primerica (PRI) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Primerica (PRI) reported $689.57 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 2.6%. EPS of $3.99 for the same period compares to $2.86 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $707.34 million, representing a surprise of -2.51%. The company delivered an EPS surprise of +5.28%, with the consensus EPS estimate being $3.79.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Primerica performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average Client Asset Values: $88.8 billion versus $89.1 billion estimated by two analysts on average.
Life Insurance Policies Issued: 96953 versus 81677.32 estimated by two analysts on average.
Life-Licensed Sales Force, End of period: 137806 compared to the 137052.8 average estimate based on two analysts.
Recruits: 86124 versus the two-analyst average estimate of 87769.22.
Revenues- Net investment income: $32.40 million versus $31.91 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +52.2% change.
Revenues- Commissions and fees: $233.13 million compared to the $240.44 million average estimate based on four analysts. The reported number represents a change of -3.1% year over year.
Revenues- Other, net: $20.16 million compared to the $19.56 million average estimate based on four analysts. The reported number represents a change of +7.5% year over year.
Revenues- Net premiums: $403.03 million versus $415.94 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +3.4% change.
Adjusted Operating Revenues- Investment and Savings Products: $214.51 million compared to the $225.35 million average estimate based on three analysts. The reported number represents a change of -3.6% year over year.
Adjusted Operating Revenues- Corporate and Other Distributed Products: $48.29 million versus $46.10 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +79.6% change.
Adjusted Operating Revenues- Term Life Insurance: $411.87 million compared to the $422.14 million average estimate based on three analysts. The reported number represents a change of +0.3% year over year.
Adjusted Operating Revenues- Senior Health: $14.89 million compared to the $14.88 million average estimate based on three analysts. The reported number represents a change of +26% year over year.
View all Key Company Metrics for Primerica here>>>
Shares of Primerica have returned +7.4% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Primerica, Inc. (PRI) : Free Stock Analysis Report
