| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 73 | 11.1x | 17.3x | Top tier | |
Growth | 52 | 8.6% | 7.1% | Around median | |
Quality | 98 | — | — | Top tier | |
Safety | 24 | — | — | Bottom tier | |
Capital Return | 97 | 1.62% | 0.06% | Top tier | |
Momentum | 63 | 6.2% | -1.6% | Around median | |
Sentiment | 43 | 6 | 3 | Around median |
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Primerica, Inc. serves middle-income households through a network of representatives distributing term life insurance and investment and retirement products, alongside mortgage services in the United States and Canada. The company combines insurance revenue, fees from investment product sales, and fees tied to client assets, a mix that provides income sources with different sensitivities to economic and market conditions. In quarter 2 of fiscal year 2026, ended 2026-06-30, Term Life Insurance segment revenue reached 444 million dollars, while the Investment and Savings Products segment accounted for approximately 42% of consolidated revenue versus 37% in the same quarter of fiscal year 2025. The Term Life Insurance segment's operating margin reached 21.3% in quarter 2 of fiscal year 2026, continuing to benefit from its in-force policy base and reinsurance covering a substantial portion of mortality risk.
Primerica's revenue in quarter 2 of fiscal year 2026, ended 2026-06-30, reached approximately 865.1 million dollars, up 9.0% from the same quarter of the previous fiscal year, while net income reached 202.3 million dollars and diluted earnings per share were 6.45 dollars. According to EL7 data, operating cash flow for that quarter reached 193.8 million dollars. Investment was the leading driver of expansion; Investment and Savings Products segment revenue rose 21% and its pretax operating income rose 31% from the same quarter of the previous fiscal year, while assets under management reached 140 billion dollars on 2026-06-30. In contrast, the number of insurance policies issued declined 12% in quarter 2 of fiscal year 2026 compared with the same quarter of the previous fiscal year, showing that strong consolidated results coexist with weak new insurance production.
Q2 FY2026
When: Quarter 3 of fiscal year 2026
Expense growth in quarter 3 of fiscal year 2026 at the expected upper limit of 12% compared with the same quarter of the previous fiscal year
When: Fiscal year 2026
Investment and Savings Products sales growth within the forecast of 10% to 15% compared with fiscal year 2025
The median analyst price target is 316 dollars, within a range of 268 dollars to 320 dollars, a low-confidence indicative estimate based on two analysts that reflects growth expectations. The industry-multiple valuation is 190 dollars, within a range of 73 dollars to 379 dollars, using earnings for the trailing 12 months ended 2026-06-30 and a median multiple of 7.6 across 28 companies; it measures the company's value when its earnings are priced like those of its peers. The ranges of the two methods overlap, but the median analyst price target is higher than the industry-multiple valuation because the targets incorporate growth expectations, while the multiple method ties earnings to peer-company pricing. Analyst targets tend to be optimistic by nature, so the difference between the two approaches remains important when interpreting the two values.
Figures in the text are as of 2026-10-19; the live price is shown at the top of the page.
Primerica generates revenue from term life insurance, sales of investment and savings products, and fees tied to client assets, alongside other distributed products such as mortgage services. In quarter 2 of fiscal year 2026, ended 2026-06-30, managed account sales grew 43% and mutual fund sales grew 20% compared with the same quarter of the previous fiscal year. The Investment and Savings Products segment's share rose to approximately 42% of consolidated revenue, with U.S. advisory accounts and the principal distributor model in Canada contributing to the expansion of recurring fees.
The number of policies issued declined 12% in quarter 2 of fiscal year 2026, ended 2026-06-30, compared with the same quarter of the previous fiscal year, but Term Life Insurance segment revenue remained approximately 444 million dollars, largely unchanged. In-force policies support adjusted direct premium growth, which reached 3.4% compared with the same quarter of the previous fiscal year, with a segment operating margin of 21.3%. For fiscal year 2026, management expects adjusted direct premium growth of approximately 3.5% and an operating margin of around 21%, excluding the impact of assumption changes, despite an expected mid-single-digit percentage decline in the number of new policies.
Automated analysis for informational purposes only — not investment advice.
The diluted share count declined to 31.2 million shares in quarter 2 of fiscal year 2026, ended 2026-06-30, versus 32.9 million shares in quarter 2 of fiscal year 2025, a decrease of 5.1%. Primerica repurchased shares worth 135 million dollars during quarter 2 of fiscal year 2026, alongside dividends worth 37 million dollars. A lower share count means earnings are spread across a smaller base, while net income reached 202.3 million dollars and diluted earnings per share were 6.45 dollars in that quarter.
The designated earnings announcement date is 2026-11-04, which is an expected date. An important test is expense growth in quarter 3 of fiscal year 2026 compared with the same quarter of the previous fiscal year, as management expects a range of between 10% and 12% as technology project implementation ramps up. Whether the forecast for Investment and Savings Products sales growth of between 10% and 15% in fiscal year 2026 compared with fiscal year 2025 is maintained also warrants monitoring. Improvements in licensing and the size of the representative network remain important in assessing the forecast for the end of fiscal year 2026 of flat growth or a decline of 2% compared with fiscal year 2025.