| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 72 | 11.7x | 17.8x | Top tier | |
Growth | 51 | 8.6% | 7.1% | Around median | |
Quality | 98 | — | — | Top tier | |
Safety | 23 | — | — | Bottom tier | |
Capital Return | 79 | 1.53% | 2.12% | Top tier | |
Momentum | 76 | 19.6% | 2.9% | Top tier | |
Sentiment | 43 | 6 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, 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 serves the middle-income family market in the United States and Canada through a distribution network that provides financial education and two complementary core products: term life insurance, and investment and savings products such as mutual funds, managed accounts, and variable annuities. The company generates revenue from insurance premiums, commissions, and fees related to sales and assets; management stated that approximately 90% of its operating revenue in fiscal year 2025 had fee-like characteristics because most mortality risk in the insurance business is reinsured.
In quarter 2 of fiscal year 2026, revenue was $865.1 million and net income was $202.3 million, with earnings per share of $6.45. This compares with revenue of $872.7 million, net income of $190.1 million, and earnings per share of $5.97 in quarter 1 of fiscal year 2026; revenue declined by approximately 0.9% quarter over quarter, while net income increased by approximately 6.4% and earnings per share by approximately 8.0%. The provided statements did not include a gross profit figure or gross margin for quarter 2 of fiscal year 2026.
Details for quarter 1 of fiscal year 2026 showed that the business mix is increasingly shifting toward investment and savings: the Investment and Savings Products segment represented 40% of consolidated revenue, while its operating revenue increased 21% and its pretax operating income increased 24%. In contrast, the Term Life segment generated operating revenue of $465 million, up 1%, and pretax operating income of $155 million, up 6%, with a pretax margin of 22.5%. For the trailing twelve months ended in fiscal year 2026, Primerica recorded revenue of $3.4 billion, net income of $772.3 million, and earnings per share of approximately $24.34.
Automated analysis for informational purposes only — not investment advice.
The analysts’ average price target is $301.33, within a wide range of $268 to $320, with the average below the 52-week range high of $327.28 and above its low of $230.09. The neutral consensus reflects a balance between Investment and Savings Products growth and earnings per share on one hand, and weak Term Life issuances, the expected slowdown in investment sales growth, and accelerating expenses on the other; the data did not include a usable price-to-earnings ratio.
Figures in the text are as of 2026-08-29; the live price is shown at the top of the page.
Investment and Savings Products was the fastest-growing driver in quarter 1 of fiscal year 2026, with operating revenue increasing 21% and pretax operating income rising 24%. Segment sales reached a record $4.3 billion, up 22%, while client assets reached $127 billion. The segment represented 40% of consolidated revenue, with strong growth in mutual funds, managed accounts, and variable annuities.
Primerica issued 74,054 new policies in quarter 1 of fiscal year 2026, down 14% year over year, while estimated annualized premiums from issuances declined 10%. Management linked the weakness to accumulated cost-of-living pressures on younger families in the middle-income market, while policy lapse rates also remained above its long-term assumptions. The company expects fiscal year 2026 policies to be stable or down approximately 2%, while seeking to improve momentum through next-gen 2.0, local events, and incentives.
Variable annuity sales increased 35% in quarter 1 of fiscal year 2026, and their higher commissions helped sales-based revenue grow 23%. Managed accounts in the United States and the principal distributor model in Canada also supported a 23% increase in asset-based revenue. The Investment and Savings Products earnings mix was approximately 60% from managed-asset fees and 40% from sales, increasing the contribution of recurring fees.
The holding company ended quarter 1 of fiscal year 2026 with $556 million in cash and invested assets, while Primerica Life’s estimated RBC ratio was approximately 430%. The company returned $179 million to shareholders during the quarter, divided between $141 million in share repurchases and $38 million in ordinary dividends. Management also said it prefers to keep the RBC ratio at 400% or higher while avoiding the accumulation of unused capital when the ratio approaches 500%.
The clearest operating risk is the 14% decline in new Term Life policies in quarter 1 of fiscal year 2026 and the continued elevation of lapse rates compared with long-term assumptions. In Investment and Savings Products, equity market volatility could pressure asset values and fees, while management expects sales growth to slow from 22% in quarter 1 to the high-single-digit range for the full year. Additional risks include expected expense growth of 7%–8% in fiscal year 2026 and pressure from high interest rates on the mortgage business.
Revenue in quarter 2 of fiscal year 2026 was approximately $865.1 million, compared with $872.7 million in quarter 1 of fiscal year 2026, representing a sequential decline of approximately 0.9%. Net income increased to $202.3 million from $190.1 million, or approximately 6.4%. Earnings per share also increased to $6.45 from $5.97, a rise of nearly 8.0%, but the data did not provide segment details or a gross profit margin for that quarter.
