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Article: Citi Announces Filing of Registration Statement for Primerica IPO.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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Citi (NYSE: C) announced that its subsidiary, Primerica, Inc. ("Primerica"), has filed a registration statement with the U.S. Securities and Exchange Commission for an initial public offering.
Primerica, a leading distributor of financial products to middle income households in North America, has approximately 100,000 licensed sales representatives who assist clients in meeting their needs for term life insurance, which Primerica underwrites, as well as mutual funds, variable annuities, loans and other financial products.
"The announcement represents an important step in simplifying our organization and demonstrates our continued success in finding ...