Primerica Announces $150 Mln Buyback

(RTTNews) - Primerica, Inc. (PRI), a distributor of financial products, said its Board of Directors has authorized a share repurchase program for 2015, following which the company expects to buy back up to $150 million of its common stock.

The repurchases may be made from time to time through open market transactions, block trades and/or privately negotiated transactions and are subject to market conditions, as well as corporate, regulatory, and other considerations.

Rick Williams, Chairman of the Board and Co-Chief Executive Officer said, "One of the key benefits of Primerica's diverse income sources is our capacity to generate and deploy capital to drive stockholder value. In each full year since our 2010 IPO, we have returned over 100% of operating earnings to stockholders while executing initiatives to drive long-term distribution growth."