Primerica Inc
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 8, 2024
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2024-03-31; filed 2024-05-07.
0000950170-24-054347
Item 1A. Risk FactorsCurrent report: 10-Q
Period ended 2024-06-30; filed 2024-08-08.
0000950170-24-093765
Item 1A. Risk FactorsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 2 previous paragraphs and 4 current paragraphs.
1 unchanged; 1 reworded; 2 added; 0 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (2)
Current report
We may not be able to abandon the Company’s ownership of e-TeleQuote Insurance, Inc. (“e-TeleQuote”) by the anticipated date, or at all, which would cause us to exit the senior health insurance distribution business by an alternative method that may not be as beneficial to stockholder value as the planned abandonment.
Current report
The Board of Directors (the “Board”) of the Company has determined that the Company’s senior health business, which is operated through its wholly owned subsidiary, e-TeleQuote, does not have a clear path toward anticipated profitability within an acceptable timeframe in the increasingly challenging senior health distribution market. In connection with such decision, the Board has authorized management of the Company to abandon the Company’s ownership of e-TeleQuote with a target date of September 30, 2024. The Board has determined that an abandonment of e-TeleQuote would have certain advantages, including a quicker time frame for ceasing to operate the senior health business as well as maximization of tax benefits. If for any reason the abandonment is unable to be effectuated as expected, then the Company intends to exit the senior health business through another method, which may not be as beneficial to stockholder value as the planned abandonment.
Reworded paragraphs (1)
Previous wording
The Risk Factors contained in our 2023 Annual Report are incorporated herein by reference.
Current wording
The following replaces the risk factors contained in our 2023 Annual Report under the heading “Risks Related to e-TeleQuote's Senior Health Insurance Distribution Business”. All other risk factors contained in our 2023 Annual Report are incorporated herein by reference.