Primerica rides term-life gains

Duluth-based financial services firm Primerica outpaced expectations in second quarter, riding growth from term-life insurance policies.

The insurance and financial products seller said in a late Tuesday news release investment and savings division sales grew 5 percent over a year ago, and revenue from term life insurance premiums were up 28 percent.

Primerica said total revenue climbed 9 percent to $300.5 million. Net income was $46.2 million, or 72 cents per share, vs. $37.6 million, or 49 cents per share in second quarter 2011.

Primerica also announced this week it would buy back up to $75 million in common stock. Primerica shares finished up 5.5 percent Wednesday at $28.67.

About the Author

Norfolk Southern sale puts major Atlanta philanthropic force in question

For metro Atlanta philanthropic causes that enjoy Norfolk Southern's support, there are unanswered questions about how committed the company will be after it is acquired.

How Home Depot’s newest AI tool could give it an edge with pro contractors

The Vinings-based home improvement retailer said Wednesday it has launched a new tool that creates a complete materials list and quote for a single-family project.

Home Depot cuts outlook amid housing slump and consumer uncertainty

Home Depot said its net income dipped to $3.6 billion during the third quarter, down 1.3% from the same period last year.

The Latest

Credit: Special

Beyond the odometer: What matters most in a used car

Why your car’s safety tech needs maintenance, too

OPINION

Saying goodbye to the Porsche 718 Cayman — for now

Featured

Credit: Arvin Temkar / AJC

Lt. Gov. Burt Jones scores another victory over use of campaign cash

Lt. Gov. Burt Jones appears to have scored another victory over Attorney General Chris Carr as the Republican gubernatorial candidates battle over campaign finance issues.

Falcons QB Michael Penix Jr.’s season is over; needs surgery to repair ACL

Michael Penix Jr., whom the Falcons hoped was their quarterback of the future, will undergo season-ending surgery to repair a partially torn ACL in his left knee.

Typewriter Tom fuels a growing interest in analog writing devices

Roswell's Tom Rehkopf owns about 1,000 typewriters, which he tinkers with at his workshop and happily shares with fellow aficionados, curious youngsters and even Tom Hanks.