Primerica Q1 Earnings Beat Wall Street, But A Life Insurance Slowdown Is Hiding In The Numbers
Primerica Inc. topped analyst expectations for both profit and revenue in the first quarter, reporting after the bell on Wednesday. Surging sales of investment products offset a slowdown in new term life insurance. Adjusted operating earnings landed at $5.96 per share, with adjusted operating revenue hitting $872.3 million. That’s ahead of the $5.48 per share and $856.4 million in revenue analysts surveyed by StockStory had forecast.