Primerica to Buy Back $60 Million in Shares From Warburg Pincus

Primerica Inc. (PRI), the life insurer previously owned by Citigroup Inc., said it will repurchase $60 million of its shares from Warburg Pincus LLC.

The insurer will buy 2.09 million shares for $28.74 a piece, which was yesterday’s closing price, Duluth, Georgia- based Primerica said in a statement today distributed by Business Wire.

To contact the reporter on this story: Zachary Tracer in New York at Ztracer1@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.