Acquisitions, new products and a strong Chinese market benefit major direct sellers
By: Dave Rauf
Primerica reported an uptick in sales and profit during the second quarter of 2023, spurred by growth in its life insurance division and improved results in its senior health business.
The Georgia-based life insurance and financial services company reported profit of $144.5 million for the quarter, an increase of 13% compared to the period a year ago. Sales were also up 3% to about $688 million.
CEO Glenn Williams told analysts during a recent earnings call that second quarter results reflect continued and predictable growth in the company’s life insurance division.
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