Primerica, Inc.: Continued strong profitability despite headwinds from inflation, pandemic and growing pains in senior health segment
Our credit view of this issuer reflects its strong financial profile, including conservative asset quality, constrained by its narrow product focus.Primerica, through its subsidiaries, provides financial products to middle-income households in the United States and Canada with licensed sales representatives. The company's segments are: Term Life Insurance, which provides a guaranteed death benefit if the insured dies during the fixed coverage period of an in-force policy; Investment and Savings Products, which distributes and sells to its clients a variety of mutual funds, managed investments, variable, index-linked, and fixed annuities, fixed indexed annuities and segregated funds; and Other Distributed Product, which distributes prepaid legal services, auto and homeowners' insurance referrals, and home automation solutions.
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