Primerica Profit Tops Estimates

(RTTNews) - Primerica Inc (PRI), an insurance and financial services company, on Monday reported fourth-quarter net earnings of $45.5 million or $0.84 per share compared with $37.2 million or $0.67 per share last year.

Excluding items, operating earnings for the quarter were $0.91 per share compared with $0.83 per share a year ago.

Revenues for the quarter were up 9% at $345.4 million compared with $318.2 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.85 per share on revenues of $340.84 million for the quarter. Analysts' estimates typically exclude special items.

The company said operating results in the quarter were mainly driven by growth in term life net premiums and strong investment and savings products sales as well as asset performance. Meanwhile net investment income was flat with last year.