Primerica shareholders approve board nominees and executive compensation

Primerica, Inc. (NYSE:PRI), a leading provider of financial services to middle-income households in the United States and Canada, with a market capitalization of $9 billion and an "GREAT" financial health rating according to InvestingPro, announced the results of its 2025 Annual Stockholders’ Meeting held on May 14, 2025. The meeting saw strong shareholder participation, with approximately 90% of outstanding shares represented.

During the meeting, shareholders voted on three key proposals. The first proposal was the election of board members, where all nominees were elected by majority vote. The elected board members are John A. Addison, Jr., Joel M. Babbit, Amber L. Cottle, Gary L. Crittenden, Cynthia N. Day, Sanjeev Dheer, Beatriz R. Perez, D. Richard Williams, Glenn J. Williams, Darryl L. Wilson, and Barbara A. Yastine. The company has demonstrated strong shareholder returns, maintaining dividend payments for 16 consecutive years and achieving a 12.6% revenue growth in the last twelve months.

The second proposal, an advisory vote on executive compensation, also known as Say-on-Pay, was approved by shareholders. This reflects the stockholders’ support for the company’s executive compensation philosophy and policies.

The third and final proposal was the ratification of the appointment of KPMG LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. Shareholders ratified the appointment, continuing the relationship with KPMG LLP for the upcoming fiscal year.

The company emphasized that the information provided under Item 5.07 of the SEC filing is "furnished" and not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934. It shall not be subject to the liabilities of that section and will not be incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, except as expressly set forth by specific reference in such filings.

This summary is based on the information provided in the SEC filing by Primerica, Inc.

In other recent news, Primerica Inc . reported robust first-quarter 2025 financial results, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $5.02, exceeding the forecasted $4.80, while revenue reached $804.84 million, outperforming the anticipated $785.94 million. This strong performance was driven by a 19% year-over-year increase in operating revenues in the Investment and Savings Products (ISP) segment. Additionally, Primerica’s Term Life segment saw a 4% rise in revenue, contributing to a 14% year-over-year increase in adjusted net operating income to $168 million.

The company continues to project mid to high single-digit growth in ISP sales for the year and plans to proceed with its $450 million stock repurchase program throughout 2025. Analysts from firms such as KBW and Credit Suisse have shown interest in the company’s performance, particularly in the ISP and Term Life segments. Primerica’s CEO, Glenn Williams, noted the company’s resilience and strategic focus on variable annuities amidst economic uncertainty, which has impacted sales and recruiting.

Despite these challenges, Primerica remains committed to shareholder returns, evidenced by a total stockholder return of $153 million, including $118 million in share repurchases and $35 million in dividends during the quarter. The company also highlighted its strong capital position, with Primerica Life’s estimated RBC ratio at 470%, supporting ongoing growth initiatives.

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