Primerica (NYSE:PRI) reported second-quarter results on [date not specified], showing a strong performance in its investment and savings products, with adjusted operating revenues growing by 8% year-over-year and adjusted net operating income rising by 11%. Adjusted earnings per share reached $6.41, boosted by a $4.6 million tax equity investment that contributed approximately $0.15 per diluted share.
The company’s investment and savings products segment saw a remarkable 21% revenue increase, contributing 42% to consolidated revenue. Assets under management hit a record $140 billion, up 16% year-over-year. However, life insurance sales faced challenges, with Term Life operating revenue remaining flat at $444 million and estimated issued premiums declining by 9% year-over-year, reflecting financial pressures on middle-income households.
During the quarter, Primerica returned $173 million to shareholders, including $135 million in share repurchases and $37 million in dividends. The company anticipates full-year ISP sales will grow between 10% to 15% in 2026, while expecting a mid-single-digit decline in issued life policies for the year.
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