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PRIMERICA ANNOUNCES 3 MILLION SHARE REPURCHASE AUTHORIZATION

    PRIMERICA ANNOUNCES 3 MILLION SHARE REPURCHASE AUTHORIZATION
    NEW YORK, Dec. 23 /PRNewswire/ -- Primerica Corporation (NYSE: PA) today announced that it had authorized the repurchase of up to 3.0 million additional shares of the company's common stock, subject to market conditions.
    The repurchase, which may be made from time to time on the New York Stock Exchange, will be used for issuance of stock in conjunction with the ongoing requirements of employee stock option plans and other employee benefit plans.
    The company has repurchased 3,047,900 shares thus far during l991 from previous authorizations, of which there are approximately 560,000 shares remaining.
    Primerica Corporation is a diversified financial services company principally engaged in life, credit, accident & health and property & casualty insurance, investment banking and securities brokerage, mutual funds, asset management and mortgage banking, consumer lending and direct marketing.  As of Sept. 30, 1991, Primerica had assets of $22.6 billion and book value of $29 per share.
    -0-          12/23/91
    /CONTACT:  Mary McDermott, 212-891-8870, or Avery Hunt, 212-891-8871, both of Primerica/
    (PA) CO:  Primerica Corporation ST:  New York IN:  FIN SU: FC -- NY026 -- 4780 12/23/91 10:50 EST
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Publication:PR Newswire
Date:Dec 23, 1991
Words:193
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