Earnings Call Summary | Primerica(PRI.US) Q1 2024 Earnings Conference
Earnings Call Summary | Primerica(PRI.US) Q1 2024 Earnings Conference
The following is a summary of the Primerica, Inc. (PRI) Q1 2024 Earnings Call Transcript:
以下是Primerica, Inc.（PRI）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Primerica reported an adjusted net operating income of $137 million in Q1 2024, a 4% increase from the previous year, with adjusted operating income per share at $3.91, up by 10%.
The underperformance of the Senior Health business led to a $14 million loss during the quarter.
Primerica declared a common stock repurchase of $109 million and a dividend of $0.75 per share.
A projected loss of approximately $25 million to $30 million in the Senior Health business segment for 2024 is anticipated.
Primerica報告稱，2024年第一季度調整後的淨營業收入爲1.37億美元，比上年增長4％，調整後的每股營業收入爲3.91美元，增長10％。
老年人健康業務表現不佳，導致該季度虧損1400萬美元。
Primerica宣佈回購1.09億美元的普通股，每股分紅0.75美元。
預計2024年老年人健康業務領域的虧損約爲2500萬至3000萬美元。
Business Progress:
業務進展：
Primerica experienced growth in their Term Life and Investment and Savings product lines, recruiting over 110,000 individuals in the first quarter which is an 18% increase year over year.
Sales force growth of 5%, issuance of 86,587 new term life policies, and Total investment product sales were at $2.8 billion, a 20% increase.
For the first time in its history, the company's client assets surpassed $100 billion.
After revamping the Senior Health sales process, agent attrition decreased by 40%.
Expected annual growth in the size of the sales force in 2024 is over 3% and around 3% to 5% in policies issued.
Despite facing challenges, the company is committed to making the Senior Health business profitable and has paused capital investments in it for better understanding of its dynamics.
Primerica intends to continue to serve middle-income families across North America through a comprehensive strategy and is expecting strong activity after the upcoming July convention.
Primerica的定期人壽以及投資和儲蓄產品線有所增長，第一季度招聘了超過11萬名員工，同比增長了18％。
銷售額增長了5％，發行了86,587份新的定期壽險保單，投資產品總銷售額爲28億美元，增長了20％。
該公司的客戶資產有史以來首次超過1000億美元。
在改革老年健康銷售流程後，代理流失率下降了40％。
預計2024年銷售隊伍規模的年增長率將超過3％，已發佈的保單約爲3％至5％。
儘管面臨挑戰，但該公司仍致力於使老年人健康業務盈利，並已暫停對該業務的資本投資，以更好地了解其動態。
Primerica打算通過一項全面的戰略繼續爲北美的中等收入家庭提供服務，並預計在即將到來的7月會議之後將出現強勁的活動。
More details: Primerica IR
更多詳情： Primerica IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。