Hailed as “Significant Milestone” for Company
Primerica, Inc. (NYSE: PRI), the leading distributor of financial
products to middle income families in North America, announced
today that its Canadian operations recently topped C$100 billion in Term
Life insurance face amount in force.
“Primerica has been in Canada for 29 years, and reaching C$100 billion
in term life insurance in force is a significant milestone for our
company,” said Jeff Dumanski, President of Primerica Canada. “This
achievement is a direct result of the tireless efforts of almost 10,000
life insurance licensed representatives servicing their communities from
coast to coast and the dedicated work of our Head Office staff. Thanks
to their combined efforts, we have grown from a small start-up to become
a true leader in the Canadian financial services industry.”
John Adams, CEO of Primerica Canada, noted that 2014 was a strong year
for the company. “Last year, the value of our clients’ assets exceeded
C$10 billion for the first time. We also paid more than C$100 million in
death benefits, for a total of over C$1 billion in death benefits paid
since our inception. 2015 began on a wave of strong momentum, and we
have performed exceptionally well in the first 5 months of the year
versus the same period last year. Through May 2015, recruiting of new
representatives has grown 27%. We have also experienced 8%
increase in the face amount of Term Life insurance policies issued and
15% growth in our Investment and Savings Products sales in Canadian
dollars. At a time when our clients need us most, Primerica is creating
financially independent families like never before.”
About Primerica, Inc.
Primerica, Inc., headquartered in Duluth, GA, is a leading distributor
of financial products to middle income households in North America. In
Canada, Primerica is headquartered in Mississauga, Ontario, where it has
some 200 full-time employees. 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 and segregated funds through
Primerica Life Insurance Company of Canada, mutual funds through PFSL
Investments Canada Ltd., as well as debt consolidation loans, disability
insurance 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 had over 2 million
client investment accounts at December 31, 2014. 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”.
www.primericacanada.ca
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