Primerica, Inc. (NYSE:PRI) Q3 2023 Earnings Call Transcript

So we’re seeing a very high attractiveness in this environment even as the employment market tends to tighten in some months and then ease in other months as long as there are a lot of frustrated employees, that’s what we need to be able to recruit large numbers at Primerica, and there’s a lot of those out there. So we’re not — our recruiting of our Primerica sales force is not subject to the changes in the labor market quite as directly as it might appear.

Maxwell Fritscher: Yes, that’s very helpful. And that’s all I have.

Glenn Williams: Good. And if I could circle back around to the questions about rollovers, about 1/3 of our U.S. mutual fund sales volume comes from 401(k) rollovers. And I believe Ryan had asked that question. So Ryan, if that’s helpful, I thought I’d give you that stat about 1/3 of mutual fund volume is 401(k) rollovers.

Operator: And ladies and gentlemen, at this time, there are no further questions. And that concludes today’s teleconference. You may disconnect your lines at this time. Thank you for your participation.