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Last $51.15 USD
Change Today +0.69 / 1.37%
Volume 261.4K
As of 8:04 PM 03/30/15 All times are local (Market data is delayed by at least 15 minutes).

primerica inc (PRI) Snapshot

Open
$50.77
Previous Close
$50.46
Day High
$51.55
Day Low
$50.68
52 Week High
12/31/14 - $55.77
52 Week Low
05/20/14 - $42.74
Market Cap
2.7B
Average Volume 10 Days
336.4K
EPS TTM
$3.32
Shares Outstanding
52.2M
EX-Date
02/18/15
P/E TM
15.4x
Dividend
$0.64
Dividend Yield
1.02%
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 attorney, 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.

1,953 Employees
Last Reported Date: 02/26/15

primerica inc (PRI) Top Compensated Officers

Co-Chief Executive Officer, Director and Chai...
Total Annual Compensation: $750.0K
Chairman and Co-Chief Executive Officer
Total Annual Compensation: $750.0K
President
Total Annual Compensation: $450.0K
Chief Financial Officer and Executive Vice Pr...
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. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Primerica, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of $345,385,000 compared to $318,222,000 a year ago. Income from continuing operations before income taxes was $69,130,000 compared to $56,144,000 a year ago. Net income was $45,466,000 or $0.84 per basic and diluted share compared to $37,201,000 or $0.67 per basic and diluted share a year ago. Net operating income was $48,953,000 compared to $46,235,000 a year ago. ROAE increased to 16.4%. For the year, the company reported total revenues of $1,340,030,000 compared to $1,230,570,000 a year ago. Income from continuing operations before income taxes was $275,722,000 compared to $245,006,000 a year ago. Net income was $181,412,000 or $3.29 per basic and diluted share compared to $162,725,000 or $2.83 per basic and diluted share a year ago. Net operating income was $182,793,000 compared to $166,997,000 a year ago. There is a 60 basis points increase in ROAE to 15.3% compared with 2013.

Board of Directors of Primerica, Inc. Declares Dividend for the Fourth Quarter of 2014 Payable on March 16, 2015

The Board of Directors of Primerica, Inc. approved payment of a quarterly dividend of $0.16 per share for the fourth quarter of 2014, which reflects an increase of $0.04 per share or 33% over the previous dividend. The dividend will be payable on March 16, 2015 to stockholders of record as of February 20, 2015.

Primerica, Inc. Announces Management Changes

Primerica, Inc. announced that its Board of Directors has promoted Glenn J. Williams, currently the company's President, to Chief Executive Officer and also elected him to the board, effective April 1, 2015. The current Co-Chief Executive Officers, D. Richard (Rick) Williams and John A. Addison Jr., will remain members of the Primerica Board. In their new roles, Rick Williams, who has been with Primerica since 1989, will be non-executive Chairman of the Board and John Addison, who has been with the company since 1982, will be non-executive Chairman of Primerica Distribution. The board also announced that it has promoted Peter W. Schneider to the position of President, also effective April 1, 2015. Glenn Williams, age 55, began his career with Primerica in 1981 as a member of the company's sales force. He joined the Home Office team in 1983. In 2005, Primerica elevated Williams to President of the company. Schneider has served as the company's Executive Vice President and General Counsel since June 2000 and as Chief Administrative Officer since 2010, and he will retain his General Counsel duties for the foreseeable future. During his tenure with the company, Schneider has had responsibility for compliance, government relations, media relations, human resources and initiatives to grow sales force.

 

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Industry Analysis

PRI

Industry Average

Valuation PRI Industry Range
Price/Earnings 15.5x
Price/Sales 2.0x
Price/Book 2.1x
Price/Cash Flow 14.5x
TEV/Sales 1.3x
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