Policy persistency also reached record levels during the year. COVID-19 related death claims, net of reinsurance, were approximately $33 million, while issued life policies were up 23% year-over-year with a record $109 billion of face amount issued. Results for the full year ended Decemwere also heavily impacted by the pandemic. 'I am very proud of how our Primerica team navigated the unique challenges of 2020 to continue to help clients achieve their financial goals.' The adaptability of our sales force allowed us to meet those needs more than ever before,' said Glenn Williams, Chief Executive Officer. 'The COVID-19 pandemic caused middle income consumers to clearly understand their need for protection today and investments for tomorrow. ISP sales during the quarter continued to shift toward mutual funds and managed accounts and away from annuity products. The Investment and Savings Products (ISP) segment benefited from favorable market performance during the fourth quarter driving ending client asset values to a record $82 billion. COVID-19 impacted customer behavior, with strong sales and policy persistency continuing in the quarter.

COVID-19 related death claims were approximately $14 million, net of reinsurance, their highest level since the onset of the pandemic. ROAE was 23.4% during the fourth quarter of 2020.ĭuring the fourth quarter, the COVID-19 pandemic continued to have a significant impact on the Company’s Term Life segment.

Adjusted net operating income of $97.3 million increased 5%, while diluted adjusted operating earnings per share of $2.45 increased 10% compared to the same quarter last year. ROE was 22.5% for the current quarter.Īdjusted operating revenues were $594.7 million, increasing 12% compared to the fourth quarter of 2019. Net income of $100.1 million increased 7%, while earnings per diluted share of $2.52 increased 13% compared to the same quarter last year. Total revenues of $598.3 million increased 12% compared to the fourth quarter of 2019. (NYSE: PRI) today announced financial results for the quarter ended December 31, 2020. Net earnings per diluted share (EPS) of $2.52, up 13% return on stockholders’ equity (ROE) of 22.5%ĭiluted adjusted operating EPS of $2.45, up 10% adjusted net operating income return on adjusted stockholders’ equity (ROAE) of 23.4%īoard of Directors approves share repurchase program totaling $300 million through June 2022īoard of Directors approves 18% increase in dividends to $0.47 per share, payable on March 15, 2021

Primerica horror s