Primerica: Q4 Earnings Snapshot
DULUTH, Ga. (AP) — DULUTH, Ga. (AP) — Primerica Inc. (PRI) on Tuesday reported fourth-quarter net income of $151.9 million.
On a per-share basis, the Duluth, Georgia-based company said it had profit of $4.30. Earnings, adjusted for non-recurring gains, were $4.25 per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.26 per share.
The life insurance and financial products company posted revenue of $726.3 million in the period. Its adjusted revenue was $724.3 million, which beat Street forecasts. Five analysts surveyed by Zacks expected $719.5 million.
For the year, the company reported profit of $576.6 million, or $15.94 per share. Revenue was reported as $2.82 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRI at https://www.zacks.com/ap/PRI
