Primerica, Inc. has acquired e-Telequote, an independent digital insurance marketplace that allows individuals to purchase Medicare-related insurance policies from home, in a definitive agreement that gives Primerica 80% of e-Telequote at an enterprise value of $600 million and a $450 million implied equity value. The agreement states that Primerica will purchase the remaining 20% over […]
Primerica, Inc. announced it hit a new monthly sales record of more than $1 billion for the first time in company history. The single month Investment and Savings Products (ISP) record occurred in March 2021 and the company expects the first quarter of 2021 ISP sales to reach approximately $2.8 billion. “Over the past year, […]
Primerica’s recent Middle-Income Financial Security Monitor reported that middle-income families feel less financially prepared than they did three months prior. Americans remain mostly optimistic about their economic future, but recent financial stresses led 59% of respondents to say that their income is not enough to meet their cost of living. “Our latest research confirms what […]
Primerica, Inc. has announced the financial results for the fourth quarter of 2020. Total revenues for the quarter reached $598.3 million, an increase of 12% compared to the same quarter in 2019. The company’s net income also increased, rising 7% to $100.1 million. The amount of term life policies issued increased 22%, a record $109 […]
DSN in partnership with Transformation Capital released the February Digital Momentum Index. Exiting the holidays, the full 100-company list saw increases in average monthly fan/follow growth and engagement across both platforms (Facebook and Instagram). Additionally, February saw an average increase in web traffic. January’s publication received significant international attention, and we are very excited to […]
Primerica, Inc. announced the results of its fourth quarter ending December 31, 2020. Total revenues increased 12% compared to Q4 of 2019 and brought in $598.3 million. Net income was $100.1 million, increasing 7%, while earnings per diluted share of $2.52 increased 13% compared to the same quarter last year. ROE was 22.5% for the […]
Primerica has been selected for inclusion in the 2021 Bloomberg Gender-Equality Index (GEI). Primerica is one of 380 companies across 11 sectors to be selected. “Primerica is committed to diversity, equality and inclusion in all areas of our business, including the number of women in leadership roles and in our talent and succession planning programs,” […]
Transformation Capital reported that September represented a generally volatile period for the markets as a whole. According to the investment banking and business development firm, members of its direct selling tracking set were not immune to the action within the broader indices. Generally speaking, the larger capitalization stocks were flat, to slightly down during the month, […]
The U.S. Direct Selling Association (DSA) recently announced elected officers and directors to the association’s Board of Directors. Officers and directors of the association are recognized leaders who have earned the respect of their colleagues and the public and are committed to lead and direct the affairs of the association. The board officers will each serve one-year […]
U.S public direct selling companies are enjoying a profitable year through the first nine months of 2018. Four billion-dollar companies—Herbalife Nutrition (up 11%), Nu Skin (up 23.7%), Primerica (up 13%) and USANA (up 14.9%)—are on track to surpass net sales from 2017. The other billion-dollar US company, Tupperware, is experiencing lower than usual sales for […]
Medifast, Inc. (NYSE: MED) and Primerica, Inc. (NYSE: PRI) recently reported financial results for the third quarter ended September 30, 2018. Medifast For the third quarter of 2018, revenue increased 80.3 percent to $139.2 million from revenue of $77.2 million for the third quarter last year. OPTAVIA-branded products represented 70 percent of consumable units sold for the third quarter of 2018 compared to […]
Photo: From Left to Right: Peter Schneider, Primerica President; Wendy Mitchell, Miami Bridge Licensed Clinical Social Worker; Dr. Dorcas Wilcox, CEO of Miami Bridge; Kathryn Kieser, Primerica Executive Vice President and Chairman of the Primerica Foundation. (Photo: Business Wire) The Primerica Foundation, the charitable arm of Duluth, Georgia-based financial services company Primerica, Inc., recently awarded a […]