Primerica authorizes $475 million share buyback program through 2026

Primerica Inc. (NYSE: PRI) announced its board of directors authorized a $475 million share repurchase program extending through December 31, 2026, according to a company statement.

The financial services company said share repurchases may occur through open market transactions, block trades, or privately negotiated transactions, subject to market conditions and regulatory considerations.

"Continued strong financial performance across all segments allows us to generate significant deployable capital, underscoring the strength and reliability of our cash flows," said Glenn Williams, chief executive officer. Williams noted the company had more than $967 billion of term life face amount in force as of September 30, 2025.

The company stated the repurchase program may be discontinued at any time and carries no obligation to repurchase any specific amount of common stock. Primerica said it intends to conduct all repurchases in compliance with applicable regulatory guidelines and Rule 10b-18 of the Securities Exchange Act of 1934.

Based in Duluth, Georgia, Primerica provides financial products and services to middle-income households in North America through independent licensed representatives. The company reported insuring over 5.5 million lives and maintaining approximately 3.0 million client investment accounts as of December 31, 2024.

Primerica said it ranked as the third-largest issuer of term life insurance coverage in the United States and Canada in 2024 through its insurance company subsidiaries.

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