Primerica, Inc. (NYSE:PRI) announces that after carefully considering various options, the Board of Directors has opted to exit its senior health business by relinquishing ownership of e-TeleQuote Insurance, Inc. (e-TeleQuote). The senior health subsidiary, acquired in July 2021, does not have a clear path toward anticipated profitability within an acceptable timeframe in the increasingly challenging senior health distribution market. Further, the industry is facing an uncertain regulatory environment that could adversely impact the business.
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Source: https://www.businesswire.com/news/home/20240715943835/en/Primerica-Announces-its-Intention-to-Exit-Senior-Health-Business