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Compared to Estimates, Primerica (PRI) Q1 Earnings: A Look at Key Metrics
ZACKS· 2025-05-07 23:30
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Primerica performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Primerica (PRI) reported $803.56 million in revenue for the quarter ended March 2025, representing a year- over-year increase of 8.4%. EPS of ...
Ress Life Investments A/S to divest most of its current life insurance portfolio
Globenewswire· 2025-04-30 05:00
Core Viewpoint - Ress Life Investments A/S (RLI) has agreed to divest most of its current life insurance portfolio to a market counterparty at a price corresponding to the Net Asset Value (NAV) of the portfolio [1] Group 1: Transaction Details - The objective of the transaction is to enable RLI to purchase new policies and capitalize on attractive opportunities in the secondary market for US life insurance policies while providing short-term liquidity [2] - The transaction will be completed in separate quarterly tranches until the end of Q3 2026, with pre-agreed prices for each tranche [3] - RLI will maintain a percentage of the policy pay-outs until the completion of the last tranche, with the percentage depending on the number of tranches completed at the time of the pay-out [3] Group 2: Strategic Implications - The transaction structure allows RLI to reinvest the proceeds and purchase new policies as each tranche sale completes during 2025 and 2026, without needing to maintain an excessive liquidity reserve [4] - RLI continues to pursue its long-term strategy of building a diversified and resilient portfolio of US life insurance policies, a strategy in place since 2011 [4]