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Primerica beats 3Q profit forecasts

DULUTH, Ga. (AP) _ Primerica Inc. (PRI) on Tuesday reported third-quarter earnings of $66.6 million.

The Duluth, Georgia-based company said it had profit of $1.46 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.

The life insurance and financial products company posted revenue of $427.3 million in the period.

Primerica shares have risen 28 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $88.75, a rise of 62 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRI at https://www.zacks.com/ap/PRI