Primerica Intrinsic Value Calculator – PRIMERICA Reports Positive Earnings Results for Second Quarter of FY2023
August 26, 2023
☀️Earnings Overview
On August 7 2023, PRIMERICA ($NYSE:PRI) reported its earnings results for the second quarter of FY2023, which ended on June 30 2023. The company’s total revenue for the quarter was USD 688.4 million, a 2.9% increase compared to the same quarter of the prior year. Additionally, net income rose 33.9% year-on-year to USD 144.5 million.
Market Price
The stock opened at $214.2 and closed at $215.8, a 0.9% increase from the previous closing price of 213.9. This marks a positive sign for the company, as their stock price has now been steadily increasing for a number of weeks. They also reported solid operating income growth of 4%. Overall, PRIMERICA‘s financial results were impressive, and investors responded positively.
The stock price rose by 0.9%, an indication that investors are confident in the company’s future prospects. With the positive earnings results for the second quarter, PRIMERICA is well-positioned to continue its growth in the coming months. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Primerica. More…
| Total Revenues | Net Income | Net Margin |
| 2.74k | 398.01 | 16.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Primerica. More…
| Operations | Investing | Financing |
| 684.88 | -97.44 | -424.63 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Primerica. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 14.75k | 12.74k | 56.23 |
Key Ratios Snapshot
Some of the financial key ratios for Primerica are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.2% | – | 20.6% |
| FCF Margin | ROE | ROA |
| 24.2% | 17.9% | 2.4% |
Analysis – Primerica Intrinsic Value Calculator
At GoodWhale, we have conducted an analysis of PRIMERICA‘s fundamentals and have come to a conclusion on the fair value of its stock. By utilizing our proprietary Valuation Line, we have ascertained that the fair value of PRIMERICA’s share is around $167.6. Currently, PRIMERICA’s stock is trading at $215.8, which is a 28.7% overvaluation. More…
Peers
The company provides a variety of products and services, including life insurance, investment products, and credit protection products. Primerica Inc. is headquartered in Duluth, Georgia. The company’s competitors include Genworth Financial Inc, Great Eastern Holdings Ltd, and T&D Holdings Inc.
– Genworth Financial Inc ($NYSE:GNW)
Genworth Financial Inc is a global financial services company with operations in the United States, Canada, Australia, and Europe. The company has a market capitalization of $2.28 billion as of 2022 and a return on equity of 6.09%. The company offers a range of financial products and services, including life insurance, long-term care insurance, mortgage insurance, and annuities. Genworth Financial Inc is headquartered in Richmond, Virginia.
– Great Eastern Holdings Ltd ($SGX:G07)
Great Eastern Holdings Ltd is a leading insurance company in Asia. The company has a market cap of 8.59B as of 2022 and a Return on Equity of 7.45%. Great Eastern Holdings Ltd offers a wide range of insurance products and services, including life, health, and general insurance. The company has a strong presence in Singapore, Malaysia, Indonesia, and Hong Kong.
– T&D Holdings Inc ($TSE:8795)
T&D Holdings Inc is a Japanese company that provides life insurance and annuity products. As of 2022, the company had a market capitalization of 838.76 billion yen and a return on equity of -0.05%. The company’s products are available through a network of agents and brokers in Japan.
Summary
Investors in PRIMERICA have reason to be pleased as the company reported strong financial results for Q2 FY2023. Total revenue was up 2.9% to USD 688.4 million, and net income increased 33.9% to USD 144.5 million over the same period in the prior year. This demonstrates good growth prospects for the company and indicates a strong outlook for future earnings. The impressive figures make PRIMERICA an attractive option for investors looking for both growth and value in their portfolio.
Related Posts
Recent Posts
