Primerica (PRI)
Market Price (6/16/2026): $280.55 | Market Cap: $8.9 BilSector: Financials | Industry: Life & Health Insurance
Primerica (PRI)
Market Price (6/16/2026): $280.55Market Cap: $8.9 BilSector: FinancialsIndustry: Life & Health Insurance
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.0%, FCF Yield is 9.4% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 26%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 25% Stock buyback supportStock Buyback 3Y Total is 1.3 Bil Low stock price volatilityVol 12M is 22% Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Wealth Management Technology, and Digital Insurance Services. | Trading close to highsDist 52W High is -0.5% Weak multi-year price returns2Y Excs Rtn is -13%, 3Y Excs Rtn is -20% | Key risksPRI key risks include [1] economic pressures on its core middle-income market impacting sales and policy retention, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.0%, FCF Yield is 9.4% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 26%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 25% |
| Stock buyback supportStock Buyback 3Y Total is 1.3 Bil |
| Low stock price volatilityVol 12M is 22% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Wealth Management Technology, and Digital Insurance Services. |
| Trading close to highsDist 52W High is -0.5% |
| Weak multi-year price returns2Y Excs Rtn is -13%, 3Y Excs Rtn is -20% |
| Key risksPRI key risks include [1] economic pressures on its core middle-income market impacting sales and policy retention, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Primerica (PRI) stock has gained about 10% since 2/28/2026 because of the following key factors:
1. Strong Fiscal Q1 2026 Earnings Beat: Primerica significantly exceeded analyst expectations for both earnings and revenue in fiscal Q1 2026, which ended March 31, 2026. The company reported diluted adjusted operating earnings per share of $5.96, surpassing consensus estimates by $0.51 and marking a 19% increase compared to fiscal Q1 2025. Total revenues reached $872.7 million, an 8% increase from the prior-year period, also beating analyst projections.
2. Robust Growth in Investment and Savings Products (ISP) Segment: The Investment and Savings Products segment served as a key growth engine for Primerica during the period. In fiscal Q1 2026, total product sales within this segment surged by 22% to $4.3 billion year-over-year. This performance was driven by strong investor demand across major product lines and was supported by a 15% year-over-year increase in client asset values, which reached $127 billion.
Show more
Stock Movement Drivers
Fundamental Drivers
The 11.1% change in PRI stock from 2/28/2026 to 6/15/2026 was primarily driven by a 7.1% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 6152026 | Change |
|---|---|---|---|
| Stock Price ($) | 252.58 | 280.64 | 11.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,292 | 3,360 | 2.1% |
| Net Income Margin (%) | 22.8% | 23.0% | 0.7% |
| P/E Multiple | 10.7 | 11.5 | 7.1% |
| Shares Outstanding (Mil) | 32 | 32 | 0.9% |
| Cumulative Contribution | 11.1% |
Market Drivers
2/28/2026 to 6/15/2026| Return | Correlation | |
|---|---|---|
| PRI | 11.1% | |
| Market (SPY) | 10.3% | 17.9% |
| Sector (XLF) | 4.7% | 64.6% |
Fundamental Drivers
The 10.0% change in PRI stock from 11/30/2025 to 6/15/2026 was primarily driven by a 4.1% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 11302025 | 6152026 | Change |
|---|---|---|---|
| Stock Price ($) | 255.04 | 280.64 | 10.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,226 | 3,360 | 4.1% |
| Net Income Margin (%) | 22.4% | 23.0% | 2.8% |
| P/E Multiple | 11.5 | 11.5 | 0.5% |
| Shares Outstanding (Mil) | 32 | 32 | 2.3% |
| Cumulative Contribution | 10.0% |
Market Drivers
11/30/2025 to 6/15/2026| Return | Correlation | |
|---|---|---|
| PRI | 10.0% | |
| Market (SPY) | 11.1% | 20.7% |
| Sector (XLF) | 1.3% | 65.9% |
Fundamental Drivers
The 5.5% change in PRI stock from 5/31/2025 to 6/15/2026 was primarily driven by a 44.7% change in the company's Net Income Margin (%).| (LTM values as of) | 5312025 | 6152026 | Change |
|---|---|---|---|
| Stock Price ($) | 266.09 | 280.64 | 5.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,158 | 3,360 | 6.4% |
| Net Income Margin (%) | 15.9% | 23.0% | 44.7% |
| P/E Multiple | 17.7 | 11.5 | -34.8% |
| Shares Outstanding (Mil) | 33 | 32 | 5.1% |
| Cumulative Contribution | 5.5% |
Market Drivers
5/31/2025 to 6/15/2026| Return | Correlation | |
|---|---|---|
| PRI | 5.5% | |
| Market (SPY) | 29.5% | 24.1% |
| Sector (XLF) | 6.7% | 59.1% |
Fundamental Drivers
The 61.0% change in PRI stock from 5/31/2023 to 6/15/2026 was primarily driven by a 26.6% change in the company's Net Income Margin (%).| (LTM values as of) | 5312023 | 6152026 | Change |
|---|---|---|---|
| Stock Price ($) | 174.27 | 280.64 | 61.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,656 | 3,360 | 26.5% |
| Net Income Margin (%) | 18.2% | 23.0% | 26.6% |
| P/E Multiple | 13.3 | 11.5 | -13.2% |
| Shares Outstanding (Mil) | 37 | 32 | 15.9% |
| Cumulative Contribution | 61.0% |
Market Drivers
5/31/2023 to 6/15/2026| Return | Correlation | |
|---|---|---|
| PRI | 61.0% | |
| Market (SPY) | 87.7% | 49.5% |
| Sector (XLF) | 77.0% | 68.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| PRI Return | 16% | -6% | 47% | 34% | -3% | 10% | 128% |
| Peers Return | 33% | -2% | 10% | 27% | 18% | 3% | 122% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 98% |
Monthly Win Rates [3] | |||||||
| PRI Win Rate | 75% | 42% | 58% | 83% | 58% | 50% | |
| Peers Win Rate | 65% | 45% | 47% | 63% | 63% | 53% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| PRI Max Drawdown | -19% | -29% | -18% | -18% | -17% | -11% | |
| Peers Max Drawdown | -16% | -34% | -27% | -24% | -22% | -17% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GL, CNO, LNC, AMP, RJF.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/15/2026 (YTD)
How Low Can It Go
| Event | PRI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -12.5% | -18.8% |
| % Gain to Breakeven | 14.3% | 23.1% |
| Time to Breakeven | 41 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -10.1% | -9.5% |
| % Gain to Breakeven | 11.3% | 10.5% |
| Time to Breakeven | 14 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -27.8% | -24.5% |
| % Gain to Breakeven | 38.5% | 32.4% |
| Time to Breakeven | 222 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -53.9% | -33.7% |
| % Gain to Breakeven | 117.0% | 50.9% |
| Time to Breakeven | 144 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -24.3% | -19.2% |
| % Gain to Breakeven | 32.1% | 23.8% |
| Time to Breakeven | 58 days | 105 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -18.9% | -6.8% |
| % Gain to Breakeven | 23.3% | 7.3% |
| Time to Breakeven | 71 days | 15 days |
In The Past
Primerica's stock fell -12.5% during the 2025 US Tariff Shock. Such a loss loss requires a 14.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | PRI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -27.8% | -24.5% |
| % Gain to Breakeven | 38.5% | 32.4% |
| Time to Breakeven | 222 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -53.9% | -33.7% |
| % Gain to Breakeven | 117.0% | 50.9% |
| Time to Breakeven | 144 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -24.3% | -19.2% |
| % Gain to Breakeven | 32.1% | 23.8% |
| Time to Breakeven | 58 days | 105 days |
In The Past
Primerica's stock fell -12.5% during the 2025 US Tariff Shock. Such a loss loss requires a 14.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Primerica (PRI)
AI Analysis | Feedback
Here are 1-3 brief analogies for Primerica (PRI):
- It's like an Edward Jones that also offers a wide range of insurance, health, and legal services to middle-income families.
- Think of a State Farm that sells investments and retirement plans in addition to insurance, all through its network of agents.
- Imagine an Ameriprise Financial tailored for middle-income households, with an emphasis on both life insurance and diverse investment and savings products.
AI Analysis | Feedback
- Term Life Insurance: Provides individual term life insurance coverage.
- Investment Products: Offers mutual funds, various retirement plans, and managed investment solutions.
- Annuities: Provides a range of variable, fixed, and fixed indexed annuities.
- Senior Health Products: Includes segregated funds and Medicare Advantage and supplement products.
- Mortgage Loans: Offers mortgage financing solutions.
- Legal Services: Provides prepaid legal services covering a variety of personal legal matters.
- ID Theft Defense Services: Offers protection and assistance against identity theft.
- Auto and Homeowners' Insurance: Distributes insurance policies for automobiles and homes.
- Supplemental Insurance: Provides supplemental health, accidental death, and disability insurance.
- Home Automation Solutions: Offers various solutions for home automation.
AI Analysis | Feedback
```htmlPrimerica (PRI) primarily sells its financial products and services to individuals and, to a lesser extent, small businesses. Its major customer categories are:
- Middle-income Households: This is Primerica's core target demographic, as stated in its description, for products like term life insurance, mutual funds, retirement plans, mortgages, prepaid legal services, ID theft defense, and auto and homeowners' insurance.
- Seniors/Retirees: Primerica serves this specific demographic through its Senior Health segment, offering Medicare Advantage and supplement products.
- Small Businesses: The company provides insurance products such as supplemental health, accidental death, and disability coverage specifically tailored for small businesses.
AI Analysis | Feedback
```html- Franklin Templeton (BEN)
- Jackson Financial Inc. (JXN)
- Lincoln Financial Group (LNC)
- LegalShield
AI Analysis | Feedback
Glenn J. Williams, Chief Executive Officer
Glenn J. Williams began his career with Primerica in 1981 as a member of the company's sales force, joining the home office team in 1983. He spent 15 years in Canada, where he served as President and Chief Executive Officer of Primerica Canada from 1996 to 2000. In 2000, he returned to Primerica's Duluth, Georgia headquarters as Executive Vice President of Field and Product Marketing for international operations, and in 2005, he was elevated to President of the Company. Mr. Williams was appointed Chief Executive Officer in April 2015. He holds a Bachelor of Science degree in Education from Baptist University of America.
Tracy Tan, Executive Vice President and Chief Financial Officer
Tracy Tan has served as Executive Vice President and Chief Financial Officer since December 2023. She joined Primerica in October 2023 as Executive Vice President, Finance, and was designated at that time as the next CFO. In her role, she acts as a key spokesperson with the investor and analyst communities and focuses on the Company's economic and business strategy.
Peter W. Schneider, President
Peter W. Schneider was appointed President of Primerica on April 1, 2015. He has served as the Company's Executive Vice President and General Counsel since June 2000 and as Chief Administrative Officer since 2010, retaining his General Counsel duties. During his tenure, he has been responsible for compliance, government relations, media relations, human resources, and initiatives to grow the sales force. Mr. Schneider received his Bachelor of Science in Industrial Relations with Highest Honors in Political Science and his Juris Doctor with Honors from the University of North Carolina at Chapel Hill.
Robert H. Peterman Jr., Executive Vice President and Chief Operating Officer
Robert H. Peterman Jr. was appointed Executive Vice President and Chief Operating Officer, effective October 1, 2024. He joined Primerica in October 1984 and has held various leadership roles within the company. Most recently, he served as Executive Vice President and Chief Distribution Officer since March 2023, and before that, as Chief Marketing Officer (June 2018 to March 2023) and President of Primerica Distribution (December 2013 to June 2018). His responsibilities have included overseeing recruiting, licensing, education, field compensation, and decision support, and he led the company's "Grow the Sales Force" initiative. Mr. Peterman also served as CEO of Primerica's New York life Insurance subsidiary from January 2017 to June 2018.
Nicholas E. Craven, Executive Vice President and Chief Insurance Officer
Nicholas E. Craven has served as Executive Vice President and Chief Insurance Officer of Primerica since October 2024. In this role, he oversees the operations of Primerica Life Insurance Company (PLIC), as well as agent life insurance licensing, data analytics, and technology across the company. Prior to this, he served as President of PLIC from April 2021 through December 2024 and as Senior Vice President and Chief Information Officer of PLIC from August 2018 to April 2021. Before joining Primerica, Mr. Craven advanced through various consulting roles of increasing seniority at Ernst & Young, LLP from 2013 to 2018.
AI Analysis | Feedback
The key risks to Primerica's business (PRI) are primarily concentrated around its unique independent contractor distribution model and the highly regulated financial services environment in which it operates, alongside broader market and economic sensitivities:
- Regulatory Scrutiny and Independent Contractor Classification: Primerica's business model, heavily reliant on a large network of independent sales representatives, faces significant risk from potential changes in federal, state, and provincial laws and regulations concerning the classification of these contractors. A reclassification of independent contractors as employees could lead to substantial adverse tax, legal, and financial consequences for the company, including increased compliance costs and potential limitations on its recruitment practices. The multi-level marketing (MLM) aspect of its distribution also subjects Primerica to ongoing regulatory scrutiny, which could result in stricter compliance requirements or restrictions on recruiting methods integral to its operations.
- Sales Force Recruitment, Retention, and Productivity: The effectiveness and growth of Primerica's business are highly dependent on its ability to attract new recruits, retain its existing network of licensed independent sales representatives, and maintain their productivity. Challenges such as cost of living pressures impacting recruiting and sales, or a decline in the productivity of its sales force (e.g., lower policies issued per representative), could materially and adversely affect its financial performance and growth objectives. High turnover rates among agents and the upfront costs for new representatives are also noted concerns.
- Market Risks and Economic Conditions: Primerica is exposed to market risks, including fluctuations in interest rates and potential credit deterioration within its investment portfolio. Furthermore, its focus on middle-income households makes it particularly susceptible to broader economic uncertainties and cost of living pressures. These economic factors can impact customer demand for Primerica's financial products, influence the persistency rates of term life insurance policies, and affect client asset values in its Investment and Savings Products segment.
AI Analysis | Feedback
The clear emerging threat to Primerica is the continued rise and adoption of digital-first financial technology (FinTech) companies. These companies offer direct-to-consumer alternatives for many of Primerica's core products, including term life insurance, investment and savings products, mortgage loans, and legal services. By leveraging technology, these platforms streamline processes, reduce costs, and offer greater convenience, thereby disintermediating the traditional agent-based distribution model that Primerica relies upon. This shift in consumer preference towards online platforms and automated financial services directly challenges the value proposition and operational model of Primerica's large network of licensed sales representatives.
AI Analysis | Feedback
Here are the addressable market sizes for Primerica's main products and services in the United States and Canada:
Term Life Insurance
- The U.S. life insurance market was valued at approximately USD 1.93 trillion in 2024 and is predicted to be worth around USD 4.74 trillion by 2034. North America held the largest market share in the life insurance market in 2024.
- The North American life insurance market had total gross written premiums of $758.8 billion in 2022.
- The United States Life Insurance Market was valued at USD 784.13 billion in 2024 and is anticipated to grow to USD 1,167.34 billion by 2030.
Investment and Savings Products
- Mutual Funds:
- The North American mutual fund market was valued at USD 32.71 trillion in 2025 and is estimated to grow to USD 44.31 trillion by 2031.
- The United States Mutual Funds Market was valued at USD 34.58 trillion in 2024 and is expected to reach USD 43.25 trillion by 2030.
- Annuities (Variable, Fixed, and Fixed Indexed):
- The U.S. annuity market value is expected to reach US$388.42 billion by 2029.
- U.S. annuity sales are expected to be over $430 billion in 2024.
Senior Health
- Segregated Funds (Canada):
- Segregated fund assets in Canada reached $144.2 billion in 2024.
- Medicare Advantage and Supplement Products (U.S.):
- The Medicare Advantage market size in the U.S. is estimated at USD 445.97 billion in 2025, set to expand to USD 1.06 trillion by 2034.
- The U.S. Medicare Supplement Health Insurance market size was USD 30.55 billion in 2025 and is projected to reach around USD 50.33 billion by 2035.
Corporate and Other Distributed Products
- Mortgage Loans (U.S. and Canada):
- Total single-family mortgage origination volume in the U.S. is expected to increase to $2.2 trillion in 2026 from $2.0 trillion in 2025.
- In North America, the United States accounts for 27.45% of the total global mortgage market share in 2025, and Canada contributes 5.14%.
- Prepaid Legal Services (North America):
- The group prepaid legal service market in North America is projected to reach $5.66 billion by 2029, growing from $4.14 billion in 2025.
- ID Theft Defense Services:
- The U.S. identity theft protection services market size was USD 5.2 billion in 2024 and is projected to reach USD 9.1 billion by 2032.
- The global identity theft protection services market was valued at US$12.5 billion in 2023 and is expected to be worth around USD 34.7 billion by 2032. North America held the largest share of this market in 2025.
- Auto Insurance:
- The United States motor insurance market size is projected to be USD 487.65 billion in 2025, reaching USD 826.30 billion by 2031.
- The Canada motor insurance market generated USD 22.74 billion in premiums in 2026 and is forecast to reach USD 25.93 billion by 2031.
- Homeowners' Insurance:
- The U.S. Homeowners' Insurance Market Size was valued at USD 290.5 billion in 2023 and is expected to reach USD 490.8 billion by 2033.
- The market size of Homeowners' Insurance in the U.S. is $175.1 billion in 2025.
- Home Automation Solutions:
- The North America home automation market size reached USD 40.39 billion in 2025.
- The U.S. smart home market is projected to reach $43 billion in 2025.
- Supplemental Health Insurance:
- The North America supplemental health insurance market is expected to reach USD 118 billion by 2032.
- The U.S. supplemental health market will grow from US$38.62 billion in 2024 to US$65.19 billion by 2034.
- Accidental Death Insurance:
- The global accidental death insurance market was valued at USD 70.09 billion in 2023 and is anticipated to grow to USD 85.21 billion by 2029. North America dominates this market.
- The accidental death insurance market was valued at USD 75.39 billion in 2025 and is expected to increase to USD 93.99 billion by 2032.
- Disability Insurance (including for small businesses):
- The Global Disability Insurance market size will be USD 10.33 billion by 2030, with North America accounting for approximately 24.71% of the global market share in 2025.
- The U.S. Disability Insurance Market was valued at USD 1.7 billion in 2024 and is anticipated to reach approximately USD 4.6 billion by 2034.
AI Analysis | Feedback
Here are 3-5 expected drivers of future revenue growth for Primerica (PRI) over the next 2-3 years:1. Growth in Investment and Savings Products (ISP) Sales: Primerica's management projects 5% to 7% sales growth in its Investment and Savings Products segment for 2026, indicating continued strong demand. This segment has been a significant driver of revenue, with sales surging 24% in Q4 2025.
2. Expansion of the Life-Licensed Sales Force: The company anticipates approximately 1% growth in its life-licensed sales force in 2026. A larger and more productive sales force is fundamental to increasing the distribution of term life insurance policies and other financial products to middle-income households.
3. Steady Growth in Term Life Insurance: Primerica projects 2% to 3% policy growth and approximately 4% growth in adjusted direct premiums for its Term Life segment in 2026. This indicates a stable and growing contribution from its core insurance business.
4. Increased Mortgage Loan Volume: Growth in mortgage loan volume, particularly in the U.S. and Canada, is expected to contribute to revenue. U.S. mortgage representatives closed over $500 million in loans in 2025, marking a 26% increase, while Canadian referrals grew by over 18%.
AI Analysis | Feedback
Share Repurchases
- Primerica authorized a new share repurchase program of up to $475 million, which is valid through December 31, 2026.
- The company repurchased $118 million of common stock during the first quarter of 2025.
- Primerica repurchased $109 million of common stock during the first quarter of 2024.
Share Issuance
- Primerica's shares outstanding have seen a decline over the last few years, with a 4.44% decrease in 2025 from 2024, a 5.07% decrease in 2024 from 2023, and a 5.46% decrease in 2023 from 2022.
- Restricted stock units (RSU) and performance stock units (PSU) vest and are settled in shares, with some shares withheld for tax obligations, representing a form of share issuance related to employee compensation.
Outbound Investments
- In April 2024, Primerica executed agreements for the payment of certain claims under an insurance policy related to the acquisition of e-TeleQuote Insurance.
Capital Expenditures
- Primerica reported minimal to zero traditional capital expenditures in recent financial statements.
- Capital expenditures were reported as -$26.05 million in the last 12 months prior to March 2026.
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 161.05 |
| Mkt Cap | 11.0 |
| Rev LTM | 10,275 |
| Op Inc LTM | - |
| FCF LTM | 1,032 |
| FCF 3Y Avg | 1,049 |
| CFO LTM | 1,123 |
| CFO 3Y Avg | 1,110 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.7% |
| Rev Chg 3Y Avg | 8.0% |
| Rev Chg Q | 9.5% |
| QoQ Delta Rev Chg LTM | 2.3% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 20.3% |
| CFO/Rev 3Y Avg | 19.6% |
| FCF/Rev LTM | 18.4% |
| FCF/Rev 3Y Avg | 18.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 11.0 |
| P/S | 2.1 |
| P/Op Inc | - |
| P/EBIT | 8.5 |
| P/E | 11.3 |
| P/CFO | 9.9 |
| Total Yield | 9.9% |
| Dividend Yield | 1.4% |
| FCF Yield 3Y Avg | 10.5% |
| D/E | 0.2 |
| Net D/E | -1.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 5.4% |
| 3M Rtn | 13.3% |
| 6M Rtn | 2.6% |
| 12M Rtn | 15.9% |
| 3Y Rtn | 60.2% |
| 1M Excs Rtn | 5.2% |
| 3M Excs Rtn | 0.6% |
| 6M Excs Rtn | -6.6% |
| 12M Excs Rtn | -10.8% |
| 3Y Excs Rtn | -11.5% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Term life insurance segment | 1,820 | 1,768 | 1,693 | 1,687 | 1,576 |
| Investment and savings products segment | 1,248 | 1,057 | 865 | 863 | 942 |
| Corporate and other distributed products segment | 224 | 264 | 190 | 107 | 132 |
| Senior health segment | 67 | 63 | 60 | ||
| Total | 3,292 | 3,089 | 2,816 | 2,720 | 2,710 |
| $ Mil | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|
| Term life insurance segment | 173 | 201 | 197 | 189 |
| Investment and savings products segment | 146 | 146 | 105 | 121 |
| Corporate and other distributed products segment | -28 | -71 | -51 | -43 |
| Total | 291 | 276 | 251 | 267 |
| $ Mil | 2009 |
|---|---|
| Term life insurance segment | 1,752 |
| Investment and savings products segment | 300 |
| Corporate and other distributed products segment | 168 |
| Total | 2,220 |
| $ Mil | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Term life insurance segment | 6,544 | 6,434 | 7,275 | 6,985 | 6,546 |
| Corporate and other distributed products segment | 5,528 | 5,328 | 5,399 | 5,151 | 4,544 |
| Investment and savings products segment | 2,537 | 2,424 | 2,920 | 2,769 | 2,598 |
| Senior health segment | 419 | 432 | 529 | ||
| Total | 15,028 | 14,618 | 16,123 | 14,905 | 13,689 |
Price Behavior
| Market Price | $280.64 | |
| Market Cap ($ Bil) | 8.9 | |
| First Trading Date | 04/01/2010 | |
| Distance from 52W High | -0.5% | |
| 50 Days | 200 Days | |
| DMA Price | $271.74 | $262.12 |
| DMA Trend | indeterminate | up |
| Distance from DMA | 3.3% | 7.1% |
| 3M | 1YR | |
| Volatility | 22.8% | 21.8% |
| Downside Capture | -4.36 | 37.97 |
| Upside Capture | 38.48 | 38.58 |
| Correlation (SPY) | 18.6% | 24.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.17 | 0.53 | 0.54 | 0.53 | 0.56 | 0.78 |
| Up Beta | 1.12 | 1.13 | 0.70 | 0.74 | 0.88 | 0.79 |
| Down Beta | -1.33 | -1.38 | 0.47 | 0.42 | 0.42 | 0.95 |
| Up Capture | -17% | 43% | 50% | 44% | 32% | 38% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 9 | 20 | 34 | 66 | 129 | 408 |
| Down Capture | 81% | 22% | 47% | 52% | 64% | 87% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 11 | 21 | 29 | 58 | 121 | 342 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PRI | |
|---|---|---|---|---|
| PRI | 9.3% | 21.8% | 0.32 | - |
| Sector ETF (XLF) | 6.7% | 14.7% | 0.22 | 58.9% |
| Equity (SPY) | 26.6% | 12.4% | 1.62 | 23.7% |
| Gold (GLD) | 27.1% | 27.5% | 0.86 | -11.4% |
| Commodities (DBC) | 28.6% | 19.1% | 1.19 | -20.5% |
| Real Estate (VNQ) | 12.2% | 13.5% | 0.60 | 39.7% |
| Bitcoin (BTCUSD) | -40.1% | 42.2% | -1.10 | 9.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PRI | |
|---|---|---|---|---|
| PRI | 12.9% | 25.9% | 0.46 | - |
| Sector ETF (XLF) | 8.9% | 18.6% | 0.36 | 69.0% |
| Equity (SPY) | 13.9% | 17.1% | 0.63 | 55.7% |
| Gold (GLD) | 17.5% | 18.2% | 0.78 | -2.5% |
| Commodities (DBC) | 7.9% | 19.4% | 0.30 | 11.7% |
| Real Estate (VNQ) | 2.5% | 18.8% | 0.03 | 48.0% |
| Bitcoin (BTCUSD) | 13.7% | 54.4% | 0.44 | 19.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PRI | |
|---|---|---|---|---|
| PRI | 18.6% | 30.3% | 0.62 | - |
| Sector ETF (XLF) | 12.9% | 22.2% | 0.53 | 73.9% |
| Equity (SPY) | 15.4% | 18.0% | 0.73 | 64.4% |
| Gold (GLD) | 12.8% | 16.1% | 0.66 | -2.5% |
| Commodities (DBC) | 6.4% | 18.0% | 0.28 | 22.5% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.24 | 53.6% |
| Bitcoin (BTCUSD) | 59.8% | 66.8% | 1.00 | 12.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/9/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/6/2026 | -1.3% | -3.5% | -3.5% |
| 2/11/2026 | -1.3% | 1.6% | -1.3% |
| 11/5/2025 | -1.9% | 1.5% | -1.1% |
| 8/6/2025 | -4.4% | -1.2% | 2.7% |
| 5/7/2025 | 2.0% | 2.5% | 2.2% |
| 2/11/2025 | -3.9% | -3.4% | -4.3% |
| 11/6/2024 | -0.1% | 3.2% | 1.9% |
| 8/7/2024 | 2.5% | 5.4% | 5.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 7 | 13 | 11 |
| # Negative | 17 | 11 | 13 |
| Median Positive | 2.5% | 3.2% | 3.3% |
| Median Negative | -1.9% | -3.5% | -2.3% |
| Max Positive | 9.0% | 12.2% | 22.7% |
| Max Negative | -10.6% | -11.1% | -13.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
Insider Activity
Updated 6/15/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Williams, Glenn J | Chief Executive Officer | Direct | Sell | 6152026 | 280.49 | 1,500 | 420,735 | 9,451,390 | Form |
| 2 | Schneider, Peter W | President | Direct | Sell | 5192026 | 279.64 | 1,800 | 503,351 | 2,743,545 | Form |
| 3 | Schneider, Peter W | President | Direct | Sell | 3102026 | 252.38 | 1,800 | 454,284 | 2,930,384 | Form |
| 4 | Jendusa, Nicholas Adam | Principal Accounting Officer | Direct | Sell | 3032026 | 255.51 | 190 | 48,546 | 78,185 | Form |
| 5 | Williams, Glenn J | Chief Executive Officer | Direct | Sell | 2172026 | 256.41 | 2,500 | 641,028 | 7,023,612 | Form |
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Life & Health Insurance Resources |
| Insurance Business America |
| A.M. Best |
| National Underwriter |
| Insurance News |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.