Primerica to Repurchase Shares Held by Warburg Pincus

Primerica hopes that the deployment of $150 million of excess capital will be another crucial step in creating shareholder value. The repurchase is the final act in a series of actions that were announced with a recent redundant reserve financing transaction.

“We are pleased to support Primerica in this unique opportunity to deploy the proceeds of its recent excess reserve financing in a shareholder friendly and efficient manner. We continue to view the company as a long-term investment and strongly believe in management’s and the sales force’s ability to continue to generate shareholder value as they build their one-of-a-kind financial services franchise,” said Michael Martin, Managing Director and Head of Warburg Pincus’ financial services group.