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（紐交所：PRI）今天宣佈，經過慎重考慮各種選擇，董事會選擇通過放棄對e-TeleQuote保險公司的所有權來退出其高級健康業務。這家高級健康子公司於2021年7月收購，由於老年健康分銷市場日益嚴峻，無法在可接受的時間範圍內實現預期的盈利能力。此外，該行業面臨着不確定的監管環境，可能對業務造成不利影響。
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.
董事會和管理層認識到，由於美國的老齡化，對高級醫療保健仍存在巨大的需求，並且一直認爲Primerica通過其獨立銷售團隊達到中等收入家庭的獨特能力是明顯的競爭優勢。但是，Primerica擁有高級健康業務並沒有創造預期的短期股東價值，這一點在收購e-TeleQuote時就已經被預料到了。