Primerica Inc Q3 2020 Earnings Call Summary

Edited Brief of PRI.N earnings conference call or presentation 5-Nov-20 3:00pm GMT

...A. Highlights: Strong 3Q with solid financial growth and sustained production momentum. 1. Ability to adapt and gain experience in this environment is continuing to contribute to Co.'s success. a. 2. COVID-19 disruptions are influencing positively and negatively. a. Some of positive impacts of pandemic include, consumer sentiment that results in stronger demand for insurance protection and for business opportunity. This led to significant increase in new life sales, continued strong persistency and growth in recruiting. i. b. Pandemic is also creating headwinds, including market uncertainty, which has negative impact on ISP sales, although 3Q results were stronger than originally projected. i. Life insurance licensing and renewals continue to be the most disrupted by pandemic, as states and provinces worked through testing and processing backlogs and other temporary measures that were put in place because of COVID-19. B. Results: YoverY growth across board. 1. Adjusted operating revenues...

Brief