DULUTH, Ga. (AP) — DULUTH, Ga. (AP) — Primerica Inc. (PRI) on Tuesday reported fourth-quarter net income of $167.1 million.
The Duluth, Georgia-based company said it had profit of $4.96 per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to $5.03 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $4.96 per share.
The life insurance and financial products company posted revenue of $788.1 million in the period. Its adjusted revenue was $790.1 million, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $767.2 million.
For the year, the company reported profit of $470.5 million, or $13.71 per share. Revenue was reported as $3.04 billion.
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