Primerica, Inc. (NYSE: PRI), the leading distributor of financial
products to middle income families in North America, announced today
that Glenn Williams, who will be advancing to the role of Chief
Executive Officer, will meet with the company’s top sales force leaders
in a 9-city tour across the U.S. and Canada. During these meetings,
Williams will be joined by current co-CEO John Addison, Peter Schneider,
who will be advancing to President, and other Primerica home office
leaders. Exciting new sales force initiatives will be highlighted in the
sessions, which are expected to attract thousands of representatives at
each location.
The meetings will also celebrate 2014 successes, including growth of
life insurance face amount in force to approximately $682 billion at
year’s end, as well as record-breaking Investment and Savings Products
(ISP) sales of $5.7 billion and client asset value of over $48 billion,
an increase of 9% and 7% respectively, year-over-year. In 2014,
Primerica also paid approximately $590 million in compensation to its
sales representatives, which represents an increase of more than $50
million, year-over-year.
Glenn Williams said, “2014 was an historic year for our company. We
rolled out new products and incentives to our sales force, and ended the
year riding a strong wave of momentum with a sales force of 98,350
representatives, reflecting a year-over-year increase of more than 2,800
representatives. In 2015, we are working to capitalize on this momentum
by launching initiatives to accelerate growth. The sales force is the
most important factor to our success, and I am proud of the leadership
provided by our representatives and their record-breaking performance. I
look forward to the great things that we will accomplish in the coming
year.”
About Primerica, Inc.
Primerica, Inc., headquartered in Duluth, GA, is a leading distributor
of financial products to middle income households in North America.
Primerica representatives educate their Main Street clients about how to
better prepare for a more secure financial future by assessing their
needs and providing appropriate solutions through term life insurance,
which we underwrite, and mutual funds, annuities and other financial
products, which we distribute primarily on behalf of third parties. In
addition, Primerica provides an entrepreneurial full or part-time
business opportunity for individuals seeking to earn income by
distributing the company’s financial products. Primerica insured more
than 4 million lives and have over 2 million client investment accounts
at December 31, 2013. Primerica stock is included in the S&P MidCap 400
and the Russell 2000 stock indices and is traded on The New York Stock
Exchange under the symbol “PRI”.
Copyright Business Wire 2015