Primerica
Public Companies Faring Well Through First 3 Quarters of 2018
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…
Read MoreMedifast Q3 Revenue Up 80%; Primerica Up 13%
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…
Read MorePrimerica Foundation Awards $20,000 Grant to Miami Bridge Youth & Family Services
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…
Read MorePrimerica, Inc. Reports 13% Increase in Q2
Duluth, Ga.-based Primerica, Inc. recently announced financial results for the quarter ended June 30, 2018. Total revenues and adjusted operating revenues each increased 13 percent to $467.8 million and $466.9 million, respectively. “We achieved 43 percent growth in EPS year-over-year and 24.5 percent ROE in the second quarter, reflecting solid performance, ongoing share repurchases and…
Read MorePrimerica Achieves Record Sales in June; Canada Headquarters Moves to New Office
Duluth, Georgia-based Primerica, Inc., a leading provider of financial products to middle income households in North America, recently announced that it achieved a record $9.1 billion in Term Life insurance face amount issued in June. For the second quarter, Primerica’s Term Life face amount issued grew 2 percent over the prior year quarter. “Thanks to…
Read MorePrimerica Reports 14% Increase in Q1 2018 Revenue
Duluth, Georgia-based Primerica, Inc. has announced financial results for the quarter ended March 31, 2018. In the first quarter, total revenue and adjusted operating revenues each increased 14 percent to $459.9 million and $462.9 million, respectively. Income before income taxes increased 11 percent and adjusted operating income before income taxes increased 15 percent over the prior year period. Net income grew…
Read MorePrimerica Revenue Up 12% for Q4; Up 11% for Full Year 2017
Primerica Inc., a Duluth, Georgia-based seller of financial services, has reported financial results for the quarter ended December 31, 2017. In the fourth quarter, total revenues increased 12 percent and adjusted operating revenues increased 13 percent to $442.9 million and $441.9 million, respectively. Net income grew to $168.4 million in the fourth quarter, with EPS and ROE reaching $3.72 and 49.9 percent, respectively. Results…
Read MorePrimerica Q3 2017 Revenue Up 11%
Primerica, the Duluth, Georgia-based direct seller of financial services, recently announced financial results for the quarter ended September 30, 2017. Both total revenue and adjusted operating revenue increased 11 percent year-over-year to $427.3 million. Net income and adjusted net operating income both grew 15 percent to $66.6 million compared with the prior year period. During…
Read MoreNatural Disasters: Direct Selling Relief Efforts
In the past month, three natural disasters have struck North America and the Caribbean, killing hundreds of people and causing property damage amounting to billions of dollars. Many people in the direct selling community, particularly those in Texas and Florida, were affected by these horrific events. In late August, Hurricane Harvey devastated the Houston area,…
Read MoreDirect Selling Companies Step Up to Help in Aftermath of Hurricane Harvey
When natural disasters strike, the direct selling community is quick to offer help with relief efforts. Such was the case in the aftermath of Hurricane Harvey, the Category 4 storm that caused catastrophic flooding in southeastern Texas this past week. When Harvey slammed into the Texas coast, bringing with it record rainfall and causing severe…
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