Primerica, Inc.: Initiation of Coverage – These Are The 4 Fundamental Factors Driving Their Performance! 

Primerica’s first quarter of 2024 financial results demonstrated resilience amidst challenging economic conditions, although it faced underperformance in certain segments. The company reported an adjusted net operating income of $137 million, which represents a 4% increase compared to the previous year, and adjusted operating income per share rose by 10% to $3.91. These figures reflect the robust performance of Primerica’s core businesses, Term Life and Investment and Savings Products (ISP), along with notable growth in the sales force. However, the company’s Senior Health business experienced a loss of $14 million during the quarter, adversely impacting the overall earnings.