If the history of financial services direct seller Primerica were captured in a book, its latest chapter would have opened on April 1. For Primerica, that wasn’t April Fools’ Day. It was Independence Day – the day of its initial public offering (IPO), one of the most successful Wall Street has ever seen.
The Board of Directors of Primerica, Inc. (PRI 21.22, +0.04, +0.19%), the largest independent financial services marketing company in North America, today approved payment of a quarterly dividend of $0.01. The dividend will be payable on September 10, 2010 to stockholders of record as of August 25, 2010. On April 1, 2010, Primerica started publicly trading on the New York Stock Exchange.
Primerica, Inc. (NYSE: PRI) announced today financial results for the second quarter ended June 30, 2010. Net income was $22.0 million for the second quarter of 2010, or $.29 per diluted share. Total revenues were $234.3 million for the second quarter of 2010.
...And the results are in. Ward Group today announced the results of its 20th annual analysis of the top financial performance among nearly 800 U.S.-based life and health carriers. The 2010 Ward’s 50 life/health group of insurance companies (listed below) produced a 16.1% return on average equity from 2005 to 2009 compared to 3.7% for the life-health industry overall.
Never has Primerica Inc.’s slogan — Freedom Lives Here — been more true for the Duluth, Ga.-based company that sells term life insurance and other financial services through its sales force of 100,000 people.
On April 1, Primerica struck out on its own in what has been called the most successful initial public offering in 2010. And on that day, Primerica became free of its former owner, Citigroup Inc.
Primerica, Inc. (NYSE:PRI), the largest independent financial services marketing company in North America announced that it has joined the broad-market Russell 3000 as well as the small capitalization Russell 2000 Index. The Russell 2000 is constructed to provide a comprehensive and unbiased small-cap barometer and is completely reconstituted annually.
… Primerica (PRI 21.66, 0.00, 0.00%) has been the biggest IPO winner so far. Shares of the former Citigroup life-insurance unit are up 45% since they debuted April 1.
Financial services provider Primerica will return its 50,000‑person annual convention to Atlanta next June after a two‑year absence, bringing with it a projected $58 million economic impact.
The Duluth, Ga.-based insurer (NYSE: PRI) plans to host 50,000 attendees at its biennial convention June 15-18, 2011 at the Georgia World Congress Center and the Georgia Dome.
Atlanta Convention & Visitors Bureau (ACVB) and Primerica, Inc. announce the return of the city’s largest corporate meeting when Primerica hosts its biennial summer convention at the Georgia World Congress Center (GWCC), June 15-18, 2011. Show organizers expect more than 50,000 attendees, generating an economic impact of more than $57.8 million.
Judging from its impressive opening-day performance on April 1, 2010, investors were confident about Primerica’s competitive advantage in the insurance and asset-management industry. Listed as PRI on the New York Stock Exchange, Primerica closed at $19.65 the first day—30 percent more than its initial public offering price of $15—after its market debut.
Primerica Inc. (NYSE:PRI), the life insurer divested by Citigroup Inc. in March, climbed 5.6 percent after the first earnings report since its initial public offering.
Primerica, Inc. (NYSE:PRI) today announced the election of P. George Benson, Ph.D, to the Company’s Board of Directors. The Board also appointed Mr. Benson to serve on both the Audit Committee and Compensation Committee of the Board of Directors.
Primerica, Inc. (NYSE:PRI) today announced the closing of the sale by a subsidiary of Citigroup Inc. to private equity funds managed by Warburg Pincus LLC of approximately 16.4 million shares of the common stock of Primerica for a purchase price of $230 million.
Primerica, Inc. today opened for trading on the New York Stock Exchange under the ticker symbol “PRI” after its successful IPO in which it raised $320 million in gross proceeds.
Primerica, Inc. today began trading on the New York Stock Exchange under the symbol "PRI"…
A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating of A+ (Superior) and issuer credit ratings of “aa-” of Primerica Life Insurance Company (Boston, MA) and its subsidiaries: National Benefit Life Insurance Company (Long Island City, NY) and Primerica Life Insurance Company of Canada (Mississauga, Ontario) (collectively known as Primerica Life).
“New economic frontiers require evolving ethical practices” says President of Primerica Life
IMSA congratulates the following Primerica companies for completing the rigorous review of their marketing, sales and compliance practices required every three years to qualify for renewed IMSA membership…
Private-equity firm Warburg Pincus has agreed to invest $230 million in Primerica Inc., the life-insurance and mutual-fund sales unit of Citigroup Inc., according to securities filings.
The devastation of the recent earthquakes in Haiti has touched the lives of people across the world. While droves of friends and family were receiving horrific news, one of Primerica’s own, Regional Vice President Peggee & Jarrin King, was elated to receive word that her parents, missionaries in her home country of Haiti, were alive. They were alive, but …
Press Release, January 16, 2010
For the seventh year in a row, Primerica earned the exclusive Dalbar Service Award for outstanding customer service to clients.