Primerica, Inc. (NYSE:PRI) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET
Company Participants
Nicole Russell - Senior Vice President, Investor Relations
Glenn Williams - Chief Executive Officer
Tracy Tan - Executive Vice President & Chief Financial Officer
Conference Call Participants
Ryan Krueger - KBW
Dan Bergman - TD Securities
John Barnidge - Piper Sandler
Wilma Burdis - Raymond James
Jeff Schmitt - William Blair
Suneet Kamath - Jefferies
Mark Hughes - Truist Securities
Operator
Greetings, and welcome to the Primerica Third Quarter 2024 Earnings Call and Webcast. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the format presentation. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce Nicole Russell, Senior Vice President, Investor Relations. Thank you. You may begin.
Nicole Russell
Thank you, Darryl, and good morning, everyone. Welcome to Primerica's Third Quarter Earnings Call. A copy of our press release issued last night, along with other materials relevant to today's call, are posted on the Investor Relations section of our website. Joining our call today are Chief Executive Officer, Glenn Williams; and our Chief Financial Officer, Tracy Tan.
Our comments this morning may contain forward-looking statements in accordance with the safe harbor provision of the Securities Litigation Reform Act. We assume no obligation to update these statements to reflect new information, and refer you to our most recent Form 10-K filing as may be modified by subsequent Forms 10-Q for a list of risks and uncertainties that could cause actual results to materially differ from those expressed or implied.
We will also reference certain non-GAAP measures, which we believe will provide additional insight into the company's financial results. Reconciliation of non-GAAP measures to their respective GAAP numbers are included at the end of our earnings press release and are available on our Investor Relations website.
I would now like to turn the call over to Glenn.
Glenn Williams
Thank you, Nicole, and thanks, everyone, for joining us today. Primerica reported another strong quarter with solid distribution momentum and double-digit growth in adjusted operating earnings. The appeal of our entrepreneurial business opportunity continues to resonate, supporting our ability to grow distribution and serve more middle-income families in the US and Canada.
We continue to benefit from favorable equity markets that bolster investor confidence and drive strong results in our investment and savings business, while a revision to our actuarial assumptions added $23 million to pre-tax income in the current quarter.