What is the market's earnings forecast for Primerica next quarter?

What guidance did Primerica's management provide for the next earnings period?

Did Primerica beat or miss consensus estimates last quarter?

What does Primerica do and what are its main business segments?

What is Primerica's latest dividend and current dividend yield?

What factors drove the changes in Primerica's revenue and profit?

What is Primerica's gross profit margin?

What were the key takeaways from Primerica's earnings call?

- **Revenue Growth**: $206M adj. net operating income (7% YoY), $6.33 diluted EPS (11% growth). 
- **Cash Returns**: $479M returned year-to-date via buybacks and dividends. 
- **Life Sales Challenge**: 15% YoY decline in policies issued, driven by cost of living. 
- **ISP Momentum**: $3.7B sales (28% YoY), $127B AUM (14% YoY). 
- **Financial Strength**: 515% RBC ratio, $370M holding company cash. 
- **Strategic Initiatives**: Regional field events in 2026, 50th anniversary convention in 2027.

**【CEO Summary Section】**
- Adjusted net operating income: $206 million (7% YoY growth), diluted adjusted operating EPS: $6.33 (11% YoY increase). 
- Total capital returns: $163 million ($129M share buybacks + $34M dividends) → $479M year-to-date. 
- Sales force growth: 101,000 recruits, 12,500 new licenses → ~153,000 life reps (slightly above 2024 record). 
- Life sales decline: 15% YoY to 79,379 policies → $27B new protection. 
- ISP segment: $3.7B sales (28% YoY), $363M net inflows, $127B AUM (14% YoY). 
- Mortgage growth: $370M U.S. volume (34% YoY), expanding to 37 states. 
- 2025 outlook: 10% decline in life policies issued, 20% ISP sales growth. 

**【CFO Financial Commentary】**
- Term Life: $463M revenue (3% YoY), $173M pretax income (3% decline). 
- Remeasurement gain: $23M (vs. $28M prior year). 
- Key ratios: 22% margin, 58.3% benefits/claims, 12.2% DAC amortization. 
- ISP: $319M revenue (20% YoY), $94M pretax (18% growth). 
- Corporate: $3.8M adj. operating income (vs. -$5.7M prior year). 
- Expenses: $151M (4% YoY growth), targeting 6-8% full year increase. 
- Cash position: $370M holding company, Primerica Life RBC: 515%. 

**【Q&A Highlights】**
- **Capital Management**: Q4 plans to increase capital drawdown from insurance entities, maintaining RBC >400%. 
- **Life Sales Drivers**: Cost of living pressures, longer client conversations, training initiatives. 
- **ISP Sustainability**: Demographic tailwinds (baby boomers), 50+ new investment portfolios. 
- **RBC Ratio**: Higher profitability and cash generation, balanced against growth needs. 
- **Mortgage Impact**: Refinancing saves clients > life policy cost, 3,450 licensed reps across 37 states.

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