DULUTH, Ga.--(BUSINESS WIRE)--Primerica, Inc. (NYSE: PRI), a leading provider of financial products and services in the United States and Canada, will kick off the new year with over 800 of its top field leaders meeting in Dallas, Texas on January 4-5, 2024. Along with discussing company-wide initiatives for 2024, the annual leadership meeting will celebrate 2023 milestones and discuss opportunities ahead for the year.
“During 2023, Primerica grew nearly 5% to 141,5721 life-licensed representatives. We issued just over $119 billion of term life insurance raising our term life insurance coverage in force to nearly $945 billion. Most importantly, we paid approximately $1.8 billion in death claims, bringing cumulative death claims to nearly $32 billion, to help relieve financial stress for families when they needed it most,” said Glenn J. Williams, CEO of Primerica. “In addition, we helped clients invest over $9.2 billion toward their future goals, bringing our client asset values to approximately $96 billion.”
The 2023 growth of Primerica’s distribution capabilities was driven by nearly 361K recruits. The company also ended the year with over 49K newly life-licensed representatives and over 2.4K newly securities-licensed representatives, bringing the company’s total number of licensed securities representatives to over 25K.
1 All production results contained herein are preliminary.
About Primerica, Inc.
Primerica, Inc., headquartered in Duluth, GA, is a leading provider of financial products and services to middle-income households in North America. Independent licensed representatives educate Primerica clients about how to better prepare for a more secure financial future by assessing their needs and providing appropriate solutions through term life insurance, which we underwrite, and mutual funds, annuities and other financial products, which we distribute primarily on behalf of third parties. We insured over 5.8 million lives and had over 2.9 million client investment accounts on December 31, 2023. Primerica, through its insurance company subsidiaries, was the #3 issuer of Term Life insurance coverage in the United States and Canada in 2022. Primerica stock is included in the S&P MidCap 400 and the Russell 1000 stock indices and is traded on The New York Stock Exchange under the symbol “PRI”.
