Primerica Reports Increases in Sales and Membership
August 10, 2015 Leave a comment
In reporting second quarter sales and earnings for 2015, Primerica Inc. (PRI—NYSE) highlighted a 14 percent growth in life insurance policies issued and 5 percent growth in life insurance licensed representatives to reach a total of 101,008. The company stated that second quarter operating revenue increased by 6 percent to $350.3 million compared with $330.3 million in the prior year period.
Glenn Williams, CEO, credited the company’s growth to a “solid core performance across business segments” and “ongoing efforts to drive organic growth.” With increases in both life-licensed sales members (5 percent growth) and recruitment of new members (20 percent growth), the company credits excitement generated by new incentives, technology, and product enhancements offered to the sales representatives and to customers.
To listen to a replay of the investor call held on Aug. 6, click here.