Primerica Newsroom

Integrated Retirement Supports Key Initiatives at Primerica

Primerica, Inc. (NYSE: PRI) — Wed, 02 May 2012 20:24:24 GMT

Press Release, April 19, 2012

Primerica today announced the launch of an on-demand training program developed by Integrated Retirement. The high-quality, easily accessible courses allow a greater number of Primerica registered representatives to master the technical concepts required to serve IRA and business retirement plan clients. Primerica is committed to providing its registered representatives with the professional development tools and resources they need to grow their business and remove knowledge barriers to selling and servicing retirement plans.

“This training program is a critical component of Primerica’s retirement plan initiatives,” said John Bandy, Associate Vice President of Securities Marketing at Primerica. “Clearly, our registered representatives will benefit from mastering key retirement plan concepts, and we applaud Integrated Retirement for their role in this foundational element of our overall strategy.”

"The development of targeted retirement training programs that are easily accessible to registered representatives will be a distinct advantage for Primerica registered representatives," said Pam O’Rourke, Senior Vice President and ERISA Counsel at Integrated Retirement.

Primerica anticipates the training program will be utilized by thousands of its registered representatives to help bolster the already significant retirement plans business at the firm. Representatives will be able to conveniently access the programs from Primerica Online.

"Integrated Retirement’s support and management of an extensive project helped us to accomplish a significant goal within our key initiatives, as we seek to deliver a valuable resource that helps registered representatives grow their business,” Bandy said.

ABOUT PRIMERICA, INC.
Primerica, Inc., headquartered in Duluth, GA, is a leading distributor of financial products to middle-income families in North America. Primerica representatives educate their Main Street clients about how to better prepare for a more secure financial future by assessing their needs and providing appropriate solutions through term life insurance, which we underwrite, and mutual funds, annuities and other financial products, which we distribute primarily on behalf of third parties. In addition, Primerica provides an entrepreneurial full or part-time business opportunity for individuals seeking to earn income by distributing the company's financial products. We insure more than 4.3 million lives and approximately 2 million clients maintain investment accounts with us. Primerica is a member of the Russell 2000 stock index and is traded on The New York Stock Exchange under the symbol "PRI". Securities offered by PFS Investments, Inc., an affiliate of Primerica.

ABOUT INTEGRATED RETIREMENT
Integrated Retirement is an independent privately held corporation located in Baxter, MN. It’s deep retirement plan expertise and industry insights are delivered through innovative content solutions, training programs, and instant access support services. The principals are industry experts with hands-on experience in communicating to the broad spectrum of stakeholders in the retirement industry; advisors, plan sponsors, participants, and operations staff. Integrated Retirement’s principals have a proven track record of helping elite financial organizations achieve retirement plan mastery across all sales, marketing, service and support disciplines.

Primerica Announces Repurchase of $150 Million of Shares Held By Warburg Pincus

Primerica, Inc. (NYSE: PRI) — Tue, 24 Apr 2012 18:17:23 GMT

Press Release, April 18, 2012

Primerica, Inc. (NYSE:PRI) today announced that it has entered into an agreement to repurchase 5,736,137 shares of Primerica common stock beneficially owned by Warburg Pincus Private Equity X, L.P. and Warburg Pincus X Partners, L.P. at a purchase price of $26.15 per share. The purchase price was determined based on the closing price of Primerica common stock on April 17, 2012. Following the repurchase transaction, Warburg will own approximately 17.9% of Primerica’s outstanding common stock on a primary basis and approximately 23.2% including the warrants to purchase Primerica common stock currently held by Warburg Pincus.

"We are pleased to support Primerica in this unique opportunity to deploy the proceeds of its recent excess reserve financing in a shareholder friendly and efficient manner. We continue to view the company as a long-term investment and strongly believe in management's and the sales force’s ability to continue to generate shareholder value as they build their one-of-a-kind financial services franchise," said Michael Martin, Managing Director and Head of Warburg Pincus' financial services group.

“The deployment of this $150 million of excess capital is another important step in creating shareholder value. This completes the capital actions announced with our recent redundant reserve financing transaction and will be accretive to earnings per share,” said Rick Williams, Chairman of the Board and Co-CEO of Primerica.

Forward-Looking Statements
Except for historical information contained in this press release, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements contain known and unknown risks and uncertainties that may cause our actual results in future periods to differ materially from anticipated or projected results. Those risks and uncertainties include, among others, our failure to continue to attract and license new recruits, retain sales representatives or maintain the licensing of our sales representatives; our or our sales representatives’ violation of or non-compliance with laws and regulations; incorrect assumptions used to price our insurance policies; the failure of our investment products to remain competitive with other investment options; our failure to meet RBC standards or other minimum capital and surplus requirements; a downgrade or potential downgrade in our insurance subsidiaries’ financial strength ratings; inadequate or unaffordable reinsurance or the failure of our reinsurers to perform their obligations; heightened standards of conduct or more stringent licensing requirements for our sales representatives; the inability of our subsidiaries to pay dividends or make distributions; the loss of key personnel; conflicts of interests due to Warburg Pincus' significant interests in us; and general changes in economic and financial conditions, including the effects of credit deterioration and interest rate fluctuations on our invested asset portfolio. These and other risks and uncertainties affecting us are more fully described in our filings with the Securities and Exchange Commission, which are available in the "Investor Relations" section of our website at http://investors.primerica.com. Primerica assumes no duty to update its forward-looking statements as of any future date.

About Primerica, Inc. Primerica, Inc., headquartered in Duluth, GA, is a leading distributor of financial products to middle-income families in North America. Primerica representatives educate their Main Street clients about how to better prepare for a more secure financial future by assessing their needs and providing appropriate solutions through term life insurance which we underwrite, and mutual funds, annuities and other financial products, which we distribute primarily on behalf of third parties. In addition, Primerica provides an entrepreneurial full or part-time business opportunity for individuals seeking to earn income by distributing the company’s financial products. We insure more than 4.3 million lives and approximately 2 million clients maintain investment accounts with us. Primerica is a member of the Russell 2000 stock index and is traded on The New York Stock Exchange under the symbol “PRI”.

Primerica Sponsors a National Journal Financial Policy Summit in Washington, DC

Primerica, Inc. (NYSE: PRI) — Thu, 19 Apr 2012 20:10:46 GMT

Press Release, April 19, 2012

"Are the Joneses Keeping Up? Middle-Income America's Search for Financial Security"

Primerica, Inc., the largest independent financial services marketing company in North America, with approximately 90,000 licensed representatives, today announced that it is sponsoring a major policy forum on April 24, from 8:30-10:30 from The Newseum Knight Broadcast studio in Washington, DC. John A. Addison, Jr., Chairman of Primerica Distribution and Co-Chief Executive Officer, will give the opening and closing remarks for the National Journal event.

Host Jim Tankersley, National Journal Economics Correspondent, will moderate a panel discussion on the topic of policy prescriptions designed to lead to greater economic security for middle-income families. Honored panelists include U.S. Senator Saxby Chambliss (R-GA) and U.S. Senator Richard Blumenthal (D-CT) and others who will address and propose solutions to some of the problems facing average families that have been exacerbated by the three-year long “Great Recession” such as:

Americans are having difficulty making monthly payments, with 42% of mortgages, 36% of car loans, and 32% of credit card minimums not being paid in full each month.
The average 2011 college graduate owes over $25,000 in student loans, a 5% increase over the class of 2010.
According to the Employee Benefit Research Institute, 56% of workers reported that their investments and savings totaled less than $20,000, and 29% reported having less than $1,000.
A 2010 study revealed that 47% of Americans between the ages of 56 and 62 do not have enough money saved to last them through their retirement years.
According to Gallup, 59% of workers were confident in 2002 that they would save enough to retire, but by 2009 only 41% expressed the same confidence.
A 2011 Washington Post poll showed that 46% of African Americans and 32% of Hispanics had an IRA or similar investment, compared to 66% of Caucasians.
Ownership of individual life insurance has hit a 50-year low, with 44% of households owning no coverage, including 11 million households with children under the age of 18.

The event will also include a panel of distinguished experts, such as Janice Eberly, Ph.D., the US Department of Treasury’s Assistant Secretary for Economic Policy; Jeanne Hogarth with The Federal Reserve Board; financial author Beth Kobliner; Annamaria Lusardi, Ph.D., Professor of Economics at George Washington University and Sarah Rosen Wartell, President of The Urban Institute.

Primerica’s John Addison said, “We are excited to sponsor and actively participate in this National Journal policy summit. The topic of helping middle-income families toward greater financial security is a natural fit for Primerica because, since our inception in 1977, we have had a singular focus on helping Main Street families become properly protected, debt free, and financially independent. I’ve been with the company for more than 30 years and strongly believe that no other financial services company is as familiar with the financial needs, worries and yes, the dreams and ambitions of average families. Since emerging as an independent company from our IPO two years ago, it is important that we ensure our voice is heard on key issues that are important and relevant to our business, our representatives and our clients.”

U.S. Senator Saxby Chambliss said, “I look forward to working with my esteemed colleague, Senator Harkin and our other panelists to examine these important issues and work toward bi-partisan solutions. Negative trends in our economy have had a profound impact on millions of average Americans: high unemployment, the devastation caused by the housing crisis, families buried in debt, low savings and a decline in consumer confidence are among the symptoms. Primerica is a great company which I know very well as its home office is located in my state of Georgia. I commend Primerica Co-CEOs John Addison and Rick Williams, as well as the tens of thousands of Primerica representatives across the US who have always focused on helping the underserved middle-income market achieve greater financial security. I also wish to thank the National Journal for organizing this event, which promises to open up a crucial dialogue on how to help Main Street Americans.”

Primerica, Inc., headquartered in Duluth, GA, is a leading distributor of financial products to middle-income families in North America. Primerica representatives educate their Main Street clients about how to better prepare for a more secure financial future by assessing their needs and providing appropriate solutions through term life insurance, which we underwrite, and mutual funds, annuities and other financial products, which we distribute primarily on behalf of third parties. In addition, Primerica provides an entrepreneurial full or part-time business opportunity for individuals seeking to earn income by distributing the company's financial products. We insure more than 4.3 million lives and approximately 2 million clients maintain investment accounts with us. Primerica is a member of the Russell 2000 stock index and is traded on The New York Stock Exchange under the symbol "PRI".

Primerica Survives by having co-CEOs running the company

Elliott Brack — Wed, 18 Apr 2012 13:11:05 GMT

GwinnettForum.com, April 6, 2012

Next spring, one of Gwinnett's key corporations, Primerica Inc., will move their corporate offices about two miles to a sparkling new and efficient 344,476 square foot building just off Georgia Highway 120 at Meadow Creek Road.

Primerica, which employs 1,700 employees off Breckenridge Boulevard in 385,217 square feet, has been part of the Gwinnett corporate world since 1985. It began as A.L. Williams Associates in Tucker in 1977, later was located near Northlake Mall, changed its name along the way, and at one time was part of the mega financial giant, Citi Group. Primerica wrested itself from Citi Group and went public on April 1, 2010.

We spent time with co-CEO John Addison (the other co-CEO is Richard Williams), specifically asking how a big mid-cap company ($1.7-8 billion) could be run by "co-CEOs." The short answer is that the two have worked together in running the firm for 13 years, get along easily, have divided their responsibilities like partners, and "it just happened."

Addison adds: "I take care of the agency and marketing and product side, and Richard handles the finances and those details." Addison is from Covington, and Richard is from New Jersey, and came to Primerica to do due diligence for the forerunner of Citi Group.

The pair became particularly close all along, but especially in the waning days of Citi Group's ownership, often together fighting to keep Primerica distinct, and not gobbled up. Addison says: "The Citi Group people picked the leadership team. They recognized that we were both good guys, and knew what we were doing in running the company, and that it was not a forced relationship. We've never fought. We have a shared vision." He adds: "And when we both retire (both are near age 55), we will find something else to do together."

From its very beginning, the cornerstone of Primerica is the idea of "buy term life insurance, and invest the difference." Originally, customers often pulled funds out of cash-value life insurance. These days, instead of replacement insurance, it's mostly new insurance sales. The Primerica sales force has only about 10 percent of its 90,000 agents as full time. "These part time agents are earning extra money," Addison says, "And we stay in close contact with them." They do this through their own pioneering private television network, linking directly with the agents each week.

"Our typical client has a household income of $65,000, and many are upside down on their home mortgage, since the housing market collapsed in early 2009." More than 4.3 million lives are insured through Primerica.

Becoming an independent public company for Primerica wasn't easy, especially as it came during the 2009-10 financial crisis. "We wanted to remain whole as a company, and were about to stare into an abyss. But Richard and I had confidence in Primerica and went on the road, into 14 cities, mainly in the USA, but including cities in Italy, England and Germany, and key US cities, to tell our story. And it worked. The initial public offer was originally priced at $15, but Citi Group had a lot of demand for it, and it opened in 2010 at $19. Today it is selling for $26."

Why did the firm decide to have its new facilities near their present location? Addison says: "Gwinnett has been good to us. But we also wanted to relocate near to where we were because of our employees, to make it continue to be convenient to them."

Primerica, headquartered in Duluth, GA, is a leading distributor of financial products to middle income households in North America with approximately 95,000 licensed representatives. The company and its representatives offer clients term life insurance, mutual funds, variable annuities and other financial products. Primerica insures 4.3 million lives and more than 2 million clients maintain investment accounts with the company. Primerica's mission is to serve middle income families by helping them make informed financial decisions and providing them with the strategies and means to gain financial independence.

Gwinnett business leader, longtime volunteer King passes away

Tyler Estep — Tue, 03 Apr 2012 17:16:41 GMT

Tyler Estep
Gwinnett Daily Post Online, March 29, 2012

Barbara King, a respected business leader and longtime Gwinnett civic volunteer, passed away Wednesday morning.

King retired from Duluth-based Primerica in 2009 as an executive vice president, spending nearly 30 years with the company. But she also had a large role in the community, serving on the boards of numerous nonprofits and civic organizations, including the Gwinnett Chamber of Commerce, Gwinnett Coalition for Health and Human Services, Gwinnett Technical College, Georgia Gwinnett College, The Hudgens Center and Annandale Village.

Ellen Gerstein, executive director for the Gwinnett Coalition, worked with King for "at least" 15 years and considered her a close friend.

"She was so involved in this community and did so much for this community from her position at Primerica," Gerstein said, "where she oversaw the grants and put a lot of money back into this community."

"I will sorely miss her," she added. "There is not one negative thing I can say about the woman. She was truly amazing."

King was one of the original coalition board members behind Gwinnett's "Great Days of Service" initiative, and received many honors during her professional and volunteer careers. She was given a United Way Women's Legacy Award in 2010.

"Barbara was just a very good person and just loved by the community and respected for her business acumen," Gwinnett Chamber President Jim Maran said. "I think you would find across the board that everyone would say the same things about her."

"Barb was heavily engaged in supporting us and driving the process to make sure we were engaged heavily in economic development and job creation and maintaining a quality of life here in Gwinnett County."

King passed away at about 4 a.m. Wednesday after a "long, hard battle to regain her health," according to a memo circulated at Primerica.

A memorial service will be held Saturday at St. Paul the Apostle Catholic Church, 1243 Hulsey Road in Cleveland. In lieu of flowers, donations should be made to the church or Annandale Village, 3500 Annandale Lane in Suwanee.

"(King) just really had a passion for making Gwinnett better," Gerstein said.

5,000 Representatives Expected to Attend Primerica's African American Leadership Council 12th Annual Conference in Atlanta

The SunHerald Online, March 16, 2012 — Thu, 22 Mar 2012 17:51:40 GMT

The SunHerald Online, March 16, 2012
{EDITOR'S NOTE: This article was also published on The Street online.}

Three-Day Event to Run From March 16-18 at the Georgia World Congress Center

Primerica, Inc. (NYSE:PRI), the largest independent financial services marketing company in North America, announced that it will host approximately 5,000 representatives from across North America for its 12th Annual African American Leadership Council (AALC) meeting in Atlanta at the Georgia World Congress Center, March 16-18.

The event includes a variety of workshops focused on leadership, product training and a variety of financial and marketing topics that are designed to enhance and grow their Primerica businesses. Also scheduled for Saturday night is a large general session attended by everyone registered for the event.

Keith Phillips, Primerica National Sales Director and AALC Treasurer, of Lithonia, Georgia, said, “This annual conference provides a tremendous opportunity for us to mentor, motivate and speed up the learning curve for everyone in attendance. Another important part of this meeting is to recognize and reward the success of Primerica representatives for their business accomplishments.”

Senior National Sales Director and co-Chair of the AALC, John Lennon of Greensboro, North Carolina, added, “Today, middle-income families are faced with tough financial challenges and attendees will emerge from this conference better prepared to help Main Street families. Our company has always been focused on this underserved market in order to help them become properly protected, debt free and financially independent.”

The conference will include product exhibits and a company bookstore with Primerica training and motivational tools. Breakout meetings will begin Friday, and will run from 8:00 AM until 4:30 PM Saturday. These are smaller, more targeted meetings, such as Women in Primerica, Regional Vice President Workshops, Product Workshops and more. Other workshops are designed to provide appropriate information and motivation based upon the representative’s sales force designation and degree of experience with Primerica. The AALC Conference will conclude with a general session from 9:00 AM through 2:00 PM on Sunday.

About Primerica, Inc.
Primerica, Inc., headquartered in Duluth, GA, is a leading distributor of financial products to middle-income families in North America. Primerica representatives educate their Main Street clients about how to better prepare for a more secure financial future by assessing their needs and providing appropriate solutions through term life insurance, which we underwrite, and mutual funds, annuities and other financial products, which we distribute primarily on behalf of third parties. In addition, Primerica provides an entrepreneurial full or part-time business opportunity for individuals seeking to earn income by distributing the company's financial products. We insure more than 4.3 million lives and approximately 2 million clients maintain investment accounts with us. Primerica is a member of the Russell 2000 stock index and is traded on The New York Stock Exchange under the symbol "PRI".

Primerica Co-CEOs Featured in the Atlanta Business Chronicle's 2012 top 100 Leaders in Finance

Primerica, Inc. (NYSE: PRI) — Thu, 22 Mar 2012 17:10:46 GMT

Every year, the Atlanta Business Chronicle compiles a "Financial Who's Who" list of the 100 top leaders in the banking and financing industry...

Primerica donates $30K to Relay for Life

Frank Reddy — Mon, 19 Mar 2012 15:22:51 GMT

By Frank Reddy
Gwinnett Daily Post Online, February 25, 2012

Primerica of Duluth recently presented a $30,000 check to the American Cancer Society's 2012 Relay for Life program in Gwinnett County.

Primerica, the event's presenting sponsor, also plans to raise money through its Relay for Life Team.

Relay for Life is scheduled for 7 p.m. May 4 at the Gwinnett County Fairgrounds.

According to its website, Relay for Life is an event that encourages people all over the country and beyond to celebrate the lives of people who have battled cancer, remember loved ones that have been lost and fight back against the disease.

During the event, teams of people take turns walking or running around a track or path as sponsors.

According to its website, every year, more than 3.5 million people in 5,000 communities in the United States, along with additional communities in 20 other countries, gather to take part in the event "and raise much-needed funds and awareness to save lives from cancer."

Based in Gwinnett County, Primerica is one of the largest independent financial services marketing organizations in the country.

For more information about the American Cancer Society or Relay for Life, visit relayforlife.org.

12PFS107

Primerica donates $30,000 to American Cancer Society

David Wickert — Tue, 13 Mar 2012 15:25:40 GMT

By David Wickert
The Atlanta Journal‑Constitution Online, February 23, 2012

Primerica Inc. of Duluth has donated $30,000 to the American Cancer Society to sponsor its Relay for Life program in Gwinnett County.

Gwinnett Relay for Life, held in May each year, attracts more than 10,000 people and raises more than $2 million for the fight against cancer. Similar events are held in more than 5,000 communities across the country.

For more information visit www.relayforlife.org.

12PFS99

Primerica Is Presenting Sponsor for 2012 Gwinnett Relay For Life

Elissa McCrary — Tue, 13 Mar 2012 15:24:25 GMT

By Elissa McCrary
SACancernews.org, February 22, 2012

Primerica recently presented a check for $30,000 to the American Cancer Society as the presenting sponsor of the 2012 Relay For Life in Gwinnett County, the world's largest Relay event. Primerica will also raise funds through Relay team activities and more.

Primerica is based in Gwinnett County and is the largest independent financial services marketing organization in North America.

12PFS99

Primerica Sponsors Exhibits at The Hudgens

Primerica, Inc. (NYSE: PRI) — Tue, 13 Mar 2012 15:21:22 GMT

The Primerica Foundation is sponsoring two of The Hudgens Center’s new exhibitions. Both exhibits, “Bloom! An Invitational Exhibition Featuring Steve Penley” and “Kathy Fincher: Selected Works, Capturing the Spirit of Childhood,” will run from March 1 through May 12.

Primerica is proud to sponsor the arts in our community of Gwinnett County and exhibits like these are another way Primerica gives back.

Read the “Bloom” story

Read the “Kathy Fincher” story

12PFS99

Primerica Canada Segregated Funds Receive Fundata's A FundGrade Award

Primerica, Inc. (NYSE: PRI) — Tue, 13 Mar 2012 15:20:10 GMT

Primerica Canada's Common Sense Funds made the news recently when industry leader, Fundata — a financial analysis organization that provides investment data to various other organizations and media outlets — awarded two of the funds an A FundGrade award. This award recognizes top performing funds. Click the links to view the certificates.

Common Sense Asset Builder Fund III
Common Sense Asset Builder Fund IV

12PFS96

Primerica Featured in the Gwinnett Business Journal

Primerica, Inc. (NYSE: PRI) — Tue, 21 Feb 2012 17:52:36 GMT

Primerica was recently recognized as one of Gwinnett County's growing, international businesses. Primerica's Executive Offices are located within the county, in Duluth, GA. Read the full story here.

Board of Directors of Primerica, Inc. Declares $0.03 Quarterly Dividend

Primerica, Inc. (NYSE: PRI) — Tue, 21 Feb 2012 17:51:06 GMT

Press Release, February 14, 2012

The Board of Directors of Primerica, Inc. (NYSE:PRI), the largest independent financial services marketing company in North America, today approved payment of a quarterly dividend of $0.03 for the fourth quarter of 2011. The dividend will be payable on March 9, 2012, to stockholders of record as of February 24, 2012.

About Primerica
Primerica, Inc., headquartered in Duluth, GA, is a leading distributor of financial products to middle-income families in North America. Primerica representatives educate their Main Street clients about how to better prepare for a more secure financial future by assessing their needs and providing appropriate solutions through term life insurance, which we underwrite, and mutual funds, annuities and other financial products, which we distribute primarily on behalf of third parties. In addition, Primerica provides an entrepreneurial full or part-time business opportunity for individuals seeking to earn income by distributing the company’s financial products. We insure more than 4.3 million lives and approximately 2 million clients maintain investment accounts with us. Primerica is a member of the Russell 2000 stock index and is traded on The New York Stock Exchange under the symbol “PRI”.

Source: Primerica, Inc.

Primerica Celebrates its 35-year Anniversary

MarketWatch.com, Primerica, Inc. (NYSE: PRI) — Tue, 21 Feb 2012 17:45:06 GMT

MarketWatch.com, February 10, 2012

From Humble Beginnings, Company Grew To Become a North American Business Success Story

Primerica, the largest independent financial services marketing company in North America, with more than 90,000 licensed representatives, is today commemorating 35 years of helping hundreds of thousands of families get the life insurance coverage they need, save for their future and pay down their debt. Since its inception in 1977, the company has defied all odds and overcome many challenges on its journey to become a highly rated, financially strong industry leader.

Primerica traces its history to February 10, 1977, when Art Williams, a former Georgia High School football coach founded A.L. Williams and Associates, Inc., starting with a team of seven "Founders" and a total of a mere 85 sales representatives. Their goal? Easy, all they aimed to do was take on and challenge one of the oldest and most established industries in North America – the life insurance industry – by advocating the concept of "Buy term and invest the difference", instead of more costly cash value life policies. Since the very beginning, Primerica has offered an unparalleled opportunity for people from all walks of life to achieve financial independence by helping others learn how to do the same.

The company's personal approach to financial services, meeting and educating families "across the kitchen table" combines with a strong sense of mission from which it has never wavered: "To help Main Street families become financially independent". Armed with this passionate crusade, A.L. Williams grew rapidly from its inception and by 1984, the company placed a staggering $38 billion of life insurance in force to lead the industry – in 7 short years. It continued its growth throughout the decade and in 1986, expanded to Canada. By 1987, the company, through its underwriter MILICO (now Primerica Life) had over 1 million life insurance policies in force providing millions with over $200 billion in term life protection. And that was just the beginning as the company continued to grow and become a true industry leader in the decades ahead.

The operations of A.L. Williams eventually formed the foundation of Primerica Financial Services. Primerica Life Insurance Company, PFS Investments and the assets and operations of Primerica Financial Services were acquired by predecessors of Citigroup Inc. through a series of transactions in the late 1980's and 1990's. Throughout this period and into the new millennium, Primerica continued to expand and in April, 2010, the company announced that "Freedom Lives Here", as it was "Refounded" as Primerica, Inc., an independent company, publicly traded on the New York Stock Exchange under the symbol "PRI".

John Addison, Chairman of Primerica Distribution and Co-Chief Executive Officer of Primerica said, "What sets Primerica apart from the rest is that 35 years later, we still stand by the same mission and concepts. What the founders of the company built all those years ago has manifested itself into a company positioned to dominate the financial services industry and change the lives of more Main Street families than ever before. Because of our relentless desire to help people, we revolutionized the life insurance industry. We have created innovative products, leading edge technology to support our sales force and a great business opportunity. By offering the right products, Primerica's true superstars, our 90,000 person-strong sales force, have helped hundreds of thousands of families get the coverage they need, save for their future and pay down their debt. Our concepts are time-tested. We've proven we're doing what's right for Main Street families. Primerica was not only built to last, but to dominate and I believe that our future has never been as bright."

Rick Williams, Chairman and Co-Chief Executive Officer of Primerica added, "It has been an amazing journey to this point, and like John, I believe our best years lie before us. From that day in 1977 to today, Primerica has grown from a tiny start-up to a company that serves millions of clients. Primerica Life and its subsidiaries, Primerica Life of Canada and National Benefit Life, today combine to have a total of $665 billion of term life insurance protection in force. Last year alone, we paid over $1 billion in death benefits to our insured families. By offering Main Street North American families savings and investments, our investment business has grown as well, and today PFS Investments' client asset values stand at $33.7 billion. We are especially proud of our sales representatives and Home Office employees, who everyday strive to help underserved middle income families achieve financial security."

About Primerica, Inc.
Primerica, Inc., headquartered in Duluth, GA, is a leading distributor of financial products to middle-income families in North America. Primerica representatives educate their Main Street clients about how to better prepare for a more secure financial future by assessing their needs and providing appropriate solutions through term life insurance, which we underwrite, and mutual funds, annuities and other financial products, which we distribute primarily on behalf of third parties. In addition, Primerica provides an entrepreneurial full or part-time business opportunity for individuals seeking to earn income by distributing the company's financial products. We insure more than 4.3 million lives and approximately 2 million clients maintain investment accounts with us. Primerica is a member of the Russell 2000 stock index and is traded on The New York Stock Exchange under the symbol "PRI".

SOURCE: Primerica, Inc.