Primerica Intends To Exit Senior Health Business By Relinquishing Ownership Of E-TeleQuote Insurance
Primerica Intends To Exit Senior Health Business By Relinquishing Ownership Of E-TeleQuote Insurance
Primerica, Inc. (NYSE:PRI) announced today 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.
Primerica公司（纽交所：PRI）今天宣布，经过慎重考虑各种选择，董事会选择通过放弃对e-TeleQuote保险公司的所有权来退出其高级健康业务。这家高级健康子公司于2021年7月收购，由于老年健康分销市场日益严峻，无法在可接受的时间范围内实现预期的盈利能力。此外，该行业面临着不确定的监管环境，可能对业务造成不利影响。
The Board and management recognize that there remains significant demand for senior healthcare due to the aging of the U.S. population and continues to believe that Primerica's unique ability to reach middle-income families through its independent sales force is a clear competitive advantage. However, Primerica's ownership of a senior health business has not created the near-term stockholder value that had been anticipated at the time of the acquisition of e-TeleQuote.
董事会和管理层认识到，由于美国的老龄化，对高级医疗保健仍存在巨大的需求，并且一直认为Primerica通过其独立销售团队达到中等收入家庭的独特能力是明显的竞争优势。但是，Primerica拥有高级健康业务并没有创造预期的短期股东价值，这一点在收购e-TeleQuote时就已经被预料到了。