Courtesy of Benzinga.
Primerica, Inc. (NYSE: PRI) announced today that its Board of Directors has authorized a share repurchase program of up to $75 million of its common stock. The Company expects any repurchases under the program to commence on or about August 10, 2012 and to occur over the following four to six months. The share repurchases may be made from time to time through open market transactions, block trades, privately negotiated transactions or otherwise and are subject to market conditions, as well as corporate, regulatory, and other considerations. This share repurchase program may be discontinued at any time by the Board of Directors and the Company has no obligation to repurchase any amount of its common stock under the program. The company intends to make all repurchase in compliance with applicable regulatory guidelines and to administer the plan in accordance with applicable laws, including Rule 10b-18 of the Securities Exchange Act of 1934, as amended.
