Overview

* Primerica ( PRI ) Q2 adjusted rev rises 7%, beating analyst expectations, per LSEG data

* Adjusted EPS for Q2 beats estimates, per LSEG data

* ISP sales up 15%, client asset values reach record $120 bln

Outlook

* Company remains confident in sales force amid economic uncertainty

Result Drivers

* ISP GROWTH - Investment and Savings Products sales rose 15%, with client asset values reaching a record $120 bln

* TERM LIFE PREMIUMS - Term Life adjusted direct premiums increased 5%, supporting a 3% rise in revenues

* SALES FORCE EXPANSION - Life-licensed sales force grew 5% year-over-year, reaching 152,592 representatives

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $796 mln $787.60

Adjusted mln (6

Revenue Analysts

)

Q2 Beat $5.46 $5.21

Adjusted (10

EPS Analysts

)

Q2 EPS $5.4

Q2 Net $178.30

Income mln

Q2 $180.40

Adjusted mln

operatin

g income

Q2 ROE 31.3%

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the life & health insurance peer group is "buy."

* Wall Street's median 12-month price target for Primerica Inc ( PRI ) is $297.00, about 11.1% above its August 5 closing price of $264.05

* The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)