Earnings release
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PRIMERICA Exhibit 99.1 PRIMERICA REPORTS THIRD QUARTER 2021 RESULTS Investment and Savings Products sales increased 52 % with ending client asset values at $ 92 billion Term Life net premiums grew 12 % ; adjusted direct premiums grew 13 % Net earnings per diluted share ( EPS ) of $ 2.82 remained unchanged ; return on stockholders ' equity ( ROE ) of 21.8 % Diluted adjusted operating EPS of $ 2.98 , up 7 % ; adjusted net operating income return on adjusted stockholders ' equity ( ROAE ) of 24.1 % Declared dividend of $ 0.47 per share , payable on December 14 , 2021 - Duluth , GA , November 8 , 2021 Primerica , Inc. ( NYSE : PRI ) today announced financial results for the quarter ended September 30 , 2021. Total revenues of $ 693.2 million increased 22 % compared to the third quarter of 2020. Net income attributable to Primerica of $ 112.4 million and earnings per diluted share of $ 2.82 remained largely unchanged compared to the same quarter last year . ROE was 21.8 % for the period . Results include revenues of $ 22.9 million and a net loss attributable to Primerica of $ 4.6 million associated with the acquisition of 80 % of e - TeleQuote Insurance , Inc. and subsidiaries , ( collectively " e- TeleQuote " ) on July 1 , 2021. This net loss attributable to Primerica reduced earnings per diluted share by approximately $ 0.12 for the quarter . Adjusted operating revenues were $ 692.5 million , increasing 22 % compared to the third quarter of 2020. Adjusted net operating income of $ 118.7 million and diluted adjusted operating earnings per share of $ 2.98 both increased 7 % compared to the same quarter last year . ROAE was 24.1 % for the period . Results reflect revenues of $ 22.9 million and an adjusted net operating loss of $ 4.6 million associated with the acquisition of e - TeleQuote . This adjusted net operating loss reduced diluted adjusted operating EPS by approximately $ 0.12 for the quarter . For a detailed explanation of the accounting implications of the e- TeleQuote acquisition see the paragraph titled “ Business Combination Accounting " later in the release . More information regarding non - GAAP measures , including a reconciliation of non - GAAP to GAAP financial measures is included at the end of this release .