PRI

Primerica stock has more than doubled over the past five years, and the current checks suggest the shares no longer look obviously cheap or clearly overpriced. Recent returns have been solid, while the broader valuation readout sends a more neutral message. Over five years, Primerica has delivered a total return of 113.3%, which sets a high bar for what investors might reasonably expect from the current share price. The valuation outlook can be influenced by how consistently Primerica converts its insurance and investment distribution business into cash flow. At the same time, any sustained pressure on policy sales or advisor productivity may weigh on what investors are willing to pay. The broader checks give Primerica a value score of 3 out of 6, which points to a mixed picture rather than a clear bargain or a clear premium. The issue now is whether the current price for Primerica fairly reflects that strong five year record or already bakes in too much optimism about what comes next. Compare Primerica's five year run to other companies that combine solid records with mixed value scores by scanning the hand picked 51 high quality undervalued stocks. The P/E ratio is a useful cross check for a mature, profit focused insurer like Primerica. It connects what you pay for the stock to the earnings that business currently generates. Primerica trades on a P/E of 11.7x, which is slightly below the peer group average of 13.2x and close to the broader insurance industry average of 11.3x. The tailored fair P/E from the model is 11.4x, which takes account of Primerica’s profitability profile, risk factors and market positioning. That sits very close to where the stock is currently priced. The small gap between the current 11.7x and the model fair multiple of 11.4x does not point to a clear discount or premium. On this earnings based lens, the market seems to be pricing Primerica in line with what the model suggests for a company of its type. On the P/E multiple, Primerica stock currently looks roughly fairly valued rather than clearly cheap or expensive. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives pick up where the Primerica valuation checks leave off. They spell out which assumptions about Primerica's future growth, margins and earnings would need to hold for the stock to be worth materially more or materially less than today's price. Each one ties a specific fair value estimate to a clear story about potential catalysts and risks so you can watch over time which version of events appears to be taking shape. You can add your voice to the Simply Wall St community by sharing a Narrative on Primerica that lays out a clear, number driven view of where you think its growth, margins and execution may go from here. Put your thesis on record and see how it stacks up as new results arrive. Do you think there's more to the story for Primerica? Head over to our Community to see what others are saying! Primerica now looks roughly in line with what its current earnings and peer comparisons support, rather than clearly undervalued or overvalued. The broader checks point to a mixed setup, so the risk reward trade off is more balanced than it was in the past. From here, the key issue is whether Primerica can sustain solid earnings delivery and cash generation without a meaningful slip in policy sales or advisor productivity, since that is what will most likely influence where the P/E multiple settles over time. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include PRI. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Interested in Primerica, Inc.? Here are five stocks we like better. Strong quarterly financial performance: Adjusted operating revenue rose 8%, adjusted net operating income increased 11%, and adjusted EPS climbed 17% to $6.41, partly aided by a $4.6 million tax benefit. Primerica returned $173 million to shareholders during the quarter. Investment products drove growth: Investment and savings products revenue increased 21%, with assets under management reaching a record $140 billion and approximately $397 million in quarterly net inflows. Primerica expects ISP sales to grow 10%–15% for full-year 2026. Life insurance and recruiting remain challenged: Issued life policies fell 12% and annualized issued premiums declined 9% amid financial pressure on middle-income households. The company now expects its sales force to be flat to down 2% in 2026, though it anticipates improved comparisons and recruiting momentum in the second half. Primerica (NYSE:PRI) reported second-quarter results that reflected continued strength in its investment and savings products business, while life insurance sales remained pressured by financial uncertainty among middle-income households. Chief Executive Officer Glenn Williams said adjusted operating revenues increased 8% from a year earlier and adjusted net operating income rose 11%. Adjusted operating earnings per share increased 17% to $6.41. The quarterly EPS result included a $4.6 million income-tax benefit from a tax equity investment, adding about $0.15 per diluted share. → Sandisk Just Delivered a Blowout Quarter—Here's Why the Stock Is Falling The company returned $173 million to stockholders during the quarter, including $135 million in share repurchases and $37 million in dividends. Year-to-date capital returns totaled $352 million. Primerica’s investment and savings products, or ISP, segment was the principal contributor to earnings growth. Segment revenues rose 21% year over year and pretax operating income increased 31%, according to Williams. → 4 Oil and Gas ETF Plays as Prices Stay Sky-High Total securities sales increased 23%, with managed account sales up 43%, mutual fund sales up 20%, and variable annuity sales up 17%. Assets under management reached a record $140 billion at the end of June, up 16% from June 30, 2025. The company generated approximately $397 million of net inflows during the quarter. Chief Financial Officer Tracy Tan said the ISP segment accounted for about 42% of consolidated revenue, compared with 37% in the prior-year period. Sales-based revenue increased 17%, while asset-based revenue rose 28%, exceeding the 19% increase in average client asset values. → No Hangover: Revisiting Microsoft One Week After Earnings Tan attributed the faster growth in asset-based revenue in part to demand for U.S. managed accounts and Canadian mutual funds distributed under the principal distributor model. She said those offerings generate higher levels of recurring fee revenue. About 75% of client assets are invested for retirement purposes, which Tan said supports the durability of the company’s asset-based revenue. Primerica expects full-year ISP sales to increase 10% to 15% in 2026, although management said comparisons will become more difficult in the second half of the year. Primerica’s Term Life operating revenue was largely unchanged from a year earlier at $444 million, while adjusted direct premiums increased 3.4%. However, estimated annualized issued premiums, including additions to existing policies, declined 9%, and issued policies fell 12% from the prior-year quarter. Williams said demand for life insurance has been affected by economic uncertainty and pressure on middle-income families’ budgets. Productivity improved sequentially to 0.18 policies per life-licensed representative but remained below historical levels. The company expects full-year issued life policies to decline by mid-single digits. Williams told analysts that management expects year-over-year comparisons to improve in the second half, supported by easier comparisons, early indications of firmer sales-force growth, and the company’s efforts to increase life insurance production. “We’re adapting to the current environment,” Williams said, adding that management sees some easing in the financial pressures facing families, aside from volatility in gasoline prices. For the full year, Primerica expects adjusted direct premiums to grow around 3.5%, a benefits and claims ratio of about 58%, a deferred acquisition cost amortization and insurance commissions ratio of roughly 12% to 13%, and a Term Life operating margin of approximately 21%, excluding potential effects from annual assumption changes. Recruiting increased 2% year over year in the second quarter, aided in part by a reduced licensing fee incentive in April. Still, the number of newly licensed life representatives and the total number of life-licensed representatives remained below prior-year levels, reflecting weaker recruiting in preceding quarters. Primerica now expects its full-year sales-force size to be flat to down 2% compared with 2025, a reduced outlook that Williams said reflected the later-than-anticipated timing of improvements in recruiting and related initiatives. The company has launched a 365-day countdown to its 2027 convention, which will coincide with Primerica’s 50th anniversary. Management said the event is expected to be its largest convention and will be supported by discounted licensing fees, promotions, recognition programs, and incentives intended to improve sales-force size and productivity. Williams said conventions historically have helped create momentum before and after the event, though he described the current softness in life insurance sales and representative counts as driven more fundamentally by middle-income households’ financial conditions than by convention timing. Consolidated insurance and other operating expenses increased 8% year over year to $166 million, driven by variable growth-related costs, compensation, and technology investments. Primerica expects expense growth of about 10% to 12% in the third quarter and 6% to 7% in the fourth quarter, while maintaining its full-year expense-growth expectation of 7% to 8%. The effective tax rate was 21.7% in the quarter, reflecting the tax credit transaction. Tan said Primerica expects effective tax rates of around 23% in the third quarter and 22% in the fourth quarter, with additional tax benefits anticipated in both periods. The company does not plan to acquire additional income tax credits in 2026. Primerica ended the quarter with $587 million in holding-company cash and available-for-sale securities. Primerica Life’s estimated risk-based capital ratio was 440%. Return on adjusted equity increased 90 basis points year over year to 33.1%. Mortgage activity also increased, with U.S. mortgage loan volume rising 13% year over year and Canadian referral activity increasing 11%. Primerica, Inc is a financial services company that focuses on delivering term life insurance and investment products to middle-income households in the United States and Canada. The firm operates a network of independent, licensed representatives who provide personalized guidance on coverage needs, retirement planning, and wealth accumulation. Primerica's core mission is to help clients obtain affordable life insurance protection while also offering a suite of savings and investment solutions designed for long-term financial security. In addition to term life insurance, Primerica offers a range of financial products and services that include mutual funds, annuities, auto and home insurance through partner carriers, and personal lending solutions such as secured and unsecured loans. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Primerica Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

For the quarter ended June 2026, Primerica (PRI) reported revenue of $863.38 million, up 8.5% over the same period last year. EPS came in at $6.41, compared to $5.46 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $872.5 million, representing a surprise of -1.05%. The company delivered an EPS surprise of +7.55%, with the consensus EPS estimate being $5.96. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Primerica performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Average Client Asset Values: $135.50 billion versus $128.78 billion estimated by two analysts on average. Life Insurance Policies Issued: 78,904 versus 85,357 estimated by two analysts on average. Life-Licensed Sales Force, End of period: 148,612 versus the two-analyst average estimate of 149,736. Recruits: 82,346 versus the two-analyst average estimate of 87,405. Revenues- Net premiums: $435.47 million versus $464.29 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +0.6% change. Revenues- Commissions and fees: $368.61 million compared to the $344.34 million average estimate based on two analysts. The reported number represents a change of +20.5% year over year. Revenues- Other, net: $15.55 million versus the two-analyst average estimate of $17.74 million. The reported number represents a year-over-year change of -5.1%. Revenues- Net investment income: $43.74 million versus the two-analyst average estimate of $44.69 million. Adjusted Operating Revenues- Investment and Savings Products: $360.52 million versus the two-analyst average estimate of $344.99 million. The reported number represents a year-over-year change of +20.9%. Adjusted Operating Revenues- Corporate and Other Distributed Products: $59.25 million compared to the $57.56 million average estimate based on two analysts. The reported number represents a change of +6% year over year. Adjusted Operating Revenues- Term Life Insurance: $443.61 million versus the two-analyst average estimate of $465.7 million. The reported number represents a year-over-year change of +0.4%. Adjusted Operating Income (loss) before income taxes- Term Life Insurance: $148.48 million compared to the $150.43 million average estimate based on two analysts. View all Key Company Metrics for Primerica here>>> Shares of Primerica have returned +5.2% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Primerica, Inc. (PRI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Primerica (PRI) came out with quarterly earnings of $6.41 per share, beating the Zacks Consensus Estimate of $5.96 per share. This compares to earnings of $5.46 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +7.55%. A quarter ago, it was expected that this life insurance and financial products company would post earnings of $5.45 per share when it actually produced earnings of $5.96, delivering a surprise of +9.36%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Primerica, which belongs to the Zacks Insurance - Life Insurance industry, posted revenues of $863.38 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.05%. This compares to year-ago revenues of $796.02 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Primerica shares have added about 23.1% since the beginning of the year versus the S&P 500's gain of 13%. While Primerica has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Primerica was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $6.28 on $888.36 million in revenues for the coming quarter and $24.65 on $3.53 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Life Insurance is currently in the bottom 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Reinsurance Group (RGA), has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6. This reinsurance company is expected to post quarterly earnings of $6.51 per share in its upcoming report, which represents a year-over-year change of +37.9%. The consensus EPS estimate for the quarter has been revised 0.1% higher over the last 30 days to the current level. Reinsurance Group's revenues are expected to be $6.65 billion, up 17.8% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Primerica, Inc. (PRI) : Free Stock Analysis Report Reinsurance Group of America, Incorporated (RGA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Record investment sales of $4.4 billion, up 23% All-time high client asset values ended the quarter at $140 billion, up 16% Life-licensed sales force totaled 148,612 at June 30, 2026 Net premiums increased 1%; adjusted direct premiums increased 3% Net earnings per diluted share (EPS) of $6.45 increased 19%; return on stockholders’ equity (ROE) of 32.1% Diluted adjusted operating EPS of $6.41 increased 17%; adjusted net operating income return on adjusted stockholders’ equity (ROAE) of 33.1% Repurchases of $135 million of common stock during the quarter; declared dividend of $1.20 per share payable on September 14, 2026 DULUTH, Ga., August 05, 2026--(BUSINESS WIRE)--Primerica, Inc. (NYSE: PRI) reported financial results for the quarter ended June 30, 2026. Total revenues of $865 million increased 9% compared to the second quarter of 2025. Net income of $202 million increased 13% and net earnings per diluted share of $6.45 increased 19% compared to the prior year period. Adjusted operating revenues of $863 million increased 8% compared to the second quarter of 2025. Adjusted net operating income of $201 million increased 11%, while adjusted operating earnings per diluted share of $6.41 increased 17% compared to the prior year period. During the second quarter of 2026, the Company's financial results reflected continued strength in its investment business. Sales growth was driven by strong client demand and attractive product offerings, while favorable equity market performance contributed to client asset value growth. The Term Life business continued to generate stable earnings and predictable cash flow, reflecting the Company’s large in-force block of term life insurance policies. "Our second quarter results demonstrated the strength and resilience of Primerica’s complementary business model, with our insurance business providing stability while our investment business drives growth," said Glenn Williams, Chief Executive Officer. "The need for our products and services remains strong, and our representatives continue to play an important role in helping underserved middle-income families address their protection needs and build long-term financial security." Second Quarter Distribution & Segment Results Life Insurance Licensed Sales Force During the second quarter of 2026, recruiting increased 2% year-over-year to 82,346 new recruits. A total of 11,020 representatives obtained a new life insurance license, decreasing 15% compared to the prior year period. The life-licensed sales force totaled 148,612 as of June 30, 2026. Term Life Insurance During the second quarter of 2026, estimated annualized issued premium of $89.9 million decreased 9% compared to the prior year period. The Company issued 78,904 new life insurance policies, representing 12% fewer policies than the prior year period, with total face amount issued of $27.7 billion. Second quarter Term Life revenues were $444 million, with 3% growth in adjusted direct premiums. Pre-tax income was $148 million, 4% lower compared to the prior year period. The current year period included a $4.9 million remeasurement gain compared to a $5.7 million remeasurement gain during the prior year period. The benefits and claims ratio was 57.9% and the DAC amortization and insurance commissions ratio was 12.3%, in line with the prior year period. The insurance expense ratio was 8.4% compared to 7.6% in the prior year period. The Term Life segment operating margin was 21.3%. Investment and Savings Products (ISP) During the second quarter of 2026, total product sales were $4.4 billion, a 23% increase compared to the prior year period. Strong client demand across product lines and favorable equity market performance contributed to growth in both sales and client asset values. Client asset values ended the quarter at $140 billion, up 16% year-over-year, while flows remained positive with net inflows of $397 million during the second quarter of 2026. Second quarter ISP revenues of $361 million increased 21% compared to the prior year period, while income before income taxes of $104 million increased 31% year-over-year. Sales-based commission revenues increased 17%, largely in line with commissionable sales. Asset-based commission revenues increased 28%, outpacing the 19% increase in average client asset values due to a favorable product mix, including continued growth in U.S. managed accounts and Canadian mutual funds distributed under the principal distributor model. Corporate and Other Distributed Products During the second quarter of 2026, the Corporate and Other Distributed Products segment recorded pre-tax adjusted operating income of $3.8 million compared to $2.7 million in the prior year period. The increase was primarily driven by higher net investment income reflecting continued growth in the invested asset portfolio. Taxes The effective income tax rate was 21.7% during the second quarter of 2026 compared with 23.9% in the second quarter of 2025. Capital During the second quarter of 2026, the Company repurchased $135 million of common stock and paid approximately $37 million in dividends, returning $172 million to stockholders. Year-to-date capital returned to stockholders totaled approximately $352 million. The Board of Directors approved a dividend of $1.20 per share payable on September 14, 2026, to stockholders of record on August 21, 2026. Primerica Life Insurance Company's estimated statutory risk-based capital ratio was approximately 440% as of June 30, 2026. Non-GAAP Financial Measures In addition to reporting financial results in accordance with U.S. generally accepted accounting principles (GAAP), the Company presents certain non-GAAP financial measures. Specifically, the Company presents adjusted direct premiums, other ceded premiums, adjusted operating revenues, adjusted operating income before income taxes, adjusted net operating income, diluted adjusted operating earnings per share and adjusted stockholders' equity. Adjusted direct premiums and other ceded premiums are net of amounts ceded under coinsurance transactions that were executed concurrent with our initial public offering (the IPO coinsurance transactions) for all periods presented. We exclude amounts ceded under the IPO coinsurance transactions in measuring adjusted direct premiums and other ceded premiums to present meaningful comparisons of the actual premiums economically maintained by the Company. Amounts ceded under the IPO coinsurance transactions will continue to decline over time as policies terminate within this block of business. Adjusted operating revenues, adjusted operating income before income taxes, adjusted net operating income and diluted adjusted operating earnings per share exclude the impact of investment gains (losses), including credit impairments, and fair value mark-to-market (MTM) investment adjustments for all periods presented. We exclude investment gains (losses), including credit impairments, and MTM investment adjustments in measuring these non-GAAP financial measures to eliminate period-over-period fluctuations that may obscure comparisons of operating results due to items such as the timing of recognizing gains (losses) and market pricing variations prior to an invested asset’s maturity or sale that are not directly associated with the Company’s insurance operations. Adjusted stockholders’ equity excludes the impact of net unrealized investment gains (losses) recorded in accumulated other comprehensive income (loss) for all periods presented. We exclude unrealized investment gains (losses) in measuring adjusted stockholders’ equity as unrealized gains (losses) from the Company’s available-for-sale securities are largely caused by market movements in interest rates and credit spreads that do not necessarily correlate with the cash flows we will ultimately realize when an available-for-sale security matures or is sold. Adjusted stockholders’ equity also excludes the difference in future policy benefits calculated using the current discount rate and future policy benefits calculated using the locked-in discount rate at contract issuance recognized in accumulated other comprehensive income (loss). We exclude the impact from the difference in the discount rate in measuring adjusted stockholders' equity as such difference is caused by market movements in interest rates that are not permanent and may not align with the cash flows we will ultimately incur when policy benefits are settled. Our definitions of these non-GAAP financial measures may differ from the definitions of similar measures used by other companies. Management uses these non-GAAP financial measures in making financial, operating and planning decisions and in evaluating the Company’s performance. Furthermore, management believes that these non-GAAP financial measures may provide users with additional meaningful comparisons between current results and results of prior periods as they are expected to be reflective of the core ongoing business. These measures have limitations and users should not consider them in isolation or as a substitute for analysis of the Company’s results as reported under GAAP. Reconciliations of GAAP to non-GAAP financial measures are attached to this release. Earnings Webcast Information Primerica will hold a webcast on Thursday, August 6, 2026, at 10:00 a.m. (ET), to discuss the quarter’s results. To access the webcast, go to https://investors.primerica.com at least 15 minutes prior to the event to register, download and install any necessary software. A replay of the call will be available for approximately 30 days. This release and a detailed financial supplement will be posted on Primerica’s website. Forward-Looking Statements Except for historical information contained in this press release, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements contain known and unknown risks and uncertainties that may cause our actual results in future periods to differ materially from anticipated or projected results. Those risks and uncertainties include, among others, our failure to continue to attract and license new recruits, retain independent sales representatives or license or maintain the licensing of independent sales representatives; laws or regulations that could apply to our distribution model, which could require us to modify our distribution structure; changes to the independent contractor status of sales representatives; our or independent sales representatives’ violation of or non-compliance with laws and regulations; litigation and regulatory investigations and actions concerning us or independent sales representatives; differences between our actual experience and our expectations regarding mortality, reinsurance, persistency, or disability as reflected in the pricing for our insurance policies; changes in federal, state and provincial legislation or regulation that affects our insurance, investment product and mortgage businesses; our failure to meet regulatory capital ratios or other minimum capital and surplus requirements; a significant downgrade by a ratings organization; the failure of our reinsurers or reserve financing counterparties to perform their obligations; the failure of our investment products to remain competitive with other investment options or the loss of our relationship with one or more of the companies whose investment products we provide; heightened standards of conduct or more stringent licensing requirements for independent sales representatives; inadequate policies and procedures regarding suitability review of client transactions; revocation of our subsidiary’s status as a non-bank custodian; a significant change to or disruption in the mortgage lenders’ mortgage businesses or an inability of the mortgage lenders to satisfy their contractual obligations to us; changes in prevailing mortgage interest rates or U.S. monetary policies that affect mortgage interest rates; economic downcycles that impact our business, financial condition and results of operations; major public health pandemics, epidemics or outbreaks or other catastrophic events; the failure of our or a third-party partner’s information technology systems, breach of our information security, failure of our business continuity plan or the loss of the Internet; any failure to protect the confidentiality of client information; the current legislative and regulatory climate with regard to privacy and cybersecurity; cyber-attack(s), security breaches; the development and use of artificial intelligence; the efficiency and success of business initiatives taken to enhance our technology, products and services; the effects of credit deterioration and interest rate fluctuations on our invested asset portfolio and other assets; incorrectly valuing our investments; changes in accounting standards may impact how we record and report our financial condition and results of operations; the inability of our subsidiaries to pay dividends or make distributions; laws and regulations in the U.S. and Canada, executive branch actions, orders and policies, judicial rulings and decisions by public officials impacting our business; the legislative and regulatory environment regarding climate change; litigation and regulatory investigations and actions; a significant change in the competitive environment in which we operate; the loss of key personnel or sales force leaders; inability to effectively execute our corporate strategy; and fluctuations in the market price of our common stock or Canadian currency exchange rates. These and other risks and uncertainties affecting us are more fully described in our filings with the Securities and Exchange Commission, which are available in the "Investor Relations" section of our website at https://investors.primerica.com. Primerica assumes no duty to update its forward-looking statements as of any future date. About Primerica, Inc. Primerica, Inc. is a leading diversified financial services distribution company serving middle-income households in the United States and Canada. Our licensed representatives educate families on how to prepare for a more secure financial future and help them achieve their financial goals with our term life insurance and third-party mutual funds, managed accounts, annuities, loans and other financial products. We insured over 5.5 million lives and had approximately 3.1 million client investment accounts as of December 31, 2025. Through our life insurance subsidiaries in North America, in 2025 Primerica was the #3 issuer of term life insurance, which we largely reinsure. Primerica stock is included in the S&P MidCap 400 and the Russell 1000 stock indices and is traded on The New York Stock Exchange under the symbol "PRI". We are headquartered in Duluth, Georgia. View source version on businesswire.com: https://www.businesswire.com/news/home/20260805942307/en/ Contacts Investor Contact: Nicole Russell470-564-6663Email: [email protected] Media Contact: Susan Chana404-229-8302Email: [email protected]

The market expects Reinsurance Group (RGA) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on August 6, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This reinsurance company is expected to post quarterly earnings of $6.51 per share in its upcoming report, which represents a year-over-year change of +37.9%. Revenues are expected to be $6.65 billion, up 17.8% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.12% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Reinsurance Group, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.58%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination makes it difficult to conclusively predict that Reinsurance Group will beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Reinsurance Group would post earnings of $6.19 per share when it actually produced earnings of $6.97, delivering a surprise of +12.60%. Over the last four quarters, the company has beaten consensus EPS estimates three times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Reinsurance Group doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Primerica (PRI), another stock in the Zacks Insurance - Life Insurance industry, is expected to report earnings per share of $5.96 for the quarter ended June 2026. This estimate points to a year-over-year change of +9.2%. Revenues for the quarter are expected to be $872.5 million, up 9.6% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for Primerica has been revised 1% up to the current level. Nevertheless, the company now has an Earnings ESP of -0.56%, reflecting a lower Most Accurate Estimate. This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that Primerica will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Reinsurance Group of America, Incorporated (RGA) : Free Stock Analysis Report Primerica, Inc. (PRI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Primerica (PRI) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on August 5, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This life insurance and financial products company is expected to post quarterly earnings of $5.96 per share in its upcoming report, which represents a year-over-year change of +9.2%. Revenues are expected to be $872.5 million, up 9.6% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.97% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Primerica, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.56%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination makes it difficult to conclusively predict that Primerica will beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Primerica would post earnings of $5.45 per share when it actually produced earnings of $5.96, delivering a surprise of +9.36%. Over the last four quarters, the company has beaten consensus EPS estimates four times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Primerica doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Primerica, Inc. (PRI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Primerica trades at $281.69 per share and has stayed right on track with the overall market, gaining 8.8% over the last six months. At the same time, the S&P 500 has returned 8.9%. Is now the time to buy PRI? Find out in our full research report, it’s free. With a sales force of over 140,000 licensed representatives operating on an independent contractor model, Primerica (NYSE:PRI) provides term life insurance, investment products, and other financial services to middle-income households in the United States and Canada. In general, insurance companies earn revenue from three primary sources. The first is the core insurance business itself, often called underwriting and represented in the income statement as premiums earned. The second source is investment income from investing the “float” (premiums collected upfront not yet paid out as claims) in assets such as fixed-income assets and equities. The third is fees from various sources such as policy administration, annuities, or other value-added services. Over the last five years, Primerica grew its revenue at a decent 7.7% compounded annual growth rate. Its growth was slightly above the average insurance company and shows its offerings resonate with customers. Return on Equity, or ROE, ties everything together and is a vital metric. It tells us how much profit the insurer generates for each dollar of shareholder equity entrusted to management. Over a long period, insurers with higher ROEs tend to compound shareholder wealth faster through retained earnings, buybacks, and dividends. Over the last five years, Primerica has averaged an ROE of 28.2%, exceptional for a company operating in a sector where the average shakes out around 12.5% and those putting up 20%+ are greatly admired. This shows Primerica has a strong competitive moat. When insurers sell policies, they protect themselves from extremely large losses or an outsized accumulation of losses with reinsurance (insurance for insurance companies). Net premiums earned are therefore gross premiums less what’s ceded to reinsurers as a risk mitigation and transfer strategy. Primerica’s net premiums earned has grown at a 3.2% annualized rate over the last two years, worse than the broader insurance industry and slower than its total revenue. Primerica has huge potential even though it has some open questions, but at $281.69 per share (or 3.2× forward P/B), is now the time to initiate a position? See for yourself in our in-depth research report, it’s free. WHILE YOU’RE HERE: Top 9 Market-Beating Stocks. The best stocks don’t just beat the market once. They do it again. And again. Robust revenue growth, rising free cash flow, returns on capital that leave their competition in the dust. The market has already rewarded these businesses. But our AI platform says the party isn’t over. Find out which 9 stocks made the cut this week — FREE. Get Our Top 9 Market-Beating Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,326% between June 2020 and June 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today.