Primerica Stock Fair Value – PRIMERICA Reports Third Quarter FY2023 Results on September 30, 2023
November 21, 2023
🌥️Earnings Overview
On September 30, 2023, PRIMERICA ($NYSE:PRI) reported its third quarter FY2023 results with total revenue of USD 710.9 million, indicating a 5.6% increase compared to the same period the year prior. Net income for the period totaled USD 152.1 million, representing a 193.5% increase year-over-year.
Share Price
On Wednesday, September 30th, PRIMERICA reported its financial results for the third quarter of FY2023. The market reacted positively to the results, as the company’s stock opened at $205.0 and closed at $203.6, up by 1.7% from its prior closing price of $200.1. The Q3 results were generally positive and showed that PRIMERICA had increased its profits year-over-year. The company also increased its market share in the sector and continued to focus on cost controls and efficiency gains.
PRIMERICA’s plans for future expansion and growth were also highlighted in the report, with plans to increase investments in technology and new products. Overall, investors responded positively to PRIMERICA’s quarterly report, which showed robust growth and financial stability. The company’s stock has seen a steady increase since the announcement of the results, indicating a strong outlook for PRIMERICA in the coming quarter. 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 |
| 2.78k | 470.25 | 17.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Primerica. More…
| Operations | Investing | Financing |
| 657.85 | -191.06 | -436.35 |
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 |
| 14.43k | 12.12k | 66.01 |
Key Ratios Snapshot
Some of the financial key ratios for Primerica are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.9% | – | 23.1% |
| FCF Margin | ROE | ROA |
| 23.1% | 18.5% | 2.8% |
Analysis – Primerica Stock Fair Value
At GoodWhale, we have conducted an in-depth analysis of PRIMERICA‘s finances. Through our proprietary Valuation Line, we have calculated that the intrinsic value of PRIMERICA is around $176.0. Taking into account the current market price of the stock, which stands at $203.6, we can conclude that PRIMERICA is currently overvalued by 15.7%. As such, an investor should take caution if considering investing in PRIMERICA at its current price. More…
Peers
The company provides a variety of products and services, including life insurance, investment products, and credit protection products. Primerica Inc. is headquartered in Duluth, Georgia. The company’s competitors include Genworth Financial Inc, Great Eastern Holdings Ltd, and T&D Holdings Inc.
– Genworth Financial Inc ($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
PRIMERICA had a successful third quarter of 2023, with total revenue increasing by 5.6% and net income more than doubling year-over-year. This provides a strong case for investing in the company’s stock, as its financial performance is showing consistent growth and stability. Furthermore, PRIMERICA is well-positioned for further prosperity in the coming quarters, with potential for increased value and increased dividends to shareholders. Investors looking for a long-term, secure investment should consider adding PRIMERICA to their portfolios.
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