Primerica, Inc. Q1 Adjusted Earnings Beat Estimates

RTTNews, May 5, 2021

Primerica, Inc. (PRI) released earnings for its first quarter that rose from last year.

The company’s bottom line totaled $97.87 million, or $2.46 per share. This compares with $72.47 million, or $1.75 per share, in last year’s first quarter.

Excluding items, Primerica, Inc. reported adjusted earnings of $97.13 million or $2.44 per share for the period.

Analysts had expected the company to earn $2.38 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 21.5% to $637.71 million from $524.94 million last year.

Primerica, Inc. earnings at a glance:

-Earnings (Q1): $97.13 Mln. vs. $85.05 Mln. last year. -EPS (Q1): $2.44 vs. $2.05 last year. -Analysts Estimate: $2.38 -Revenue (Q1): $637.71 Mln vs. $524.94 Mln last year.