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

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Oct. 4 (Bloomberg) -- Primerica Inc., 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

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