secwatch.observer — SEC 8-K summary
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Issuer:     Primerica, Inc. (PRI)
CIK:        0001475922
Form:       8-K
Filed at:   2021-07-01T23:59:59+00:00
Accession:  0001564590-21-035525
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Primerica closes acquisition of 80% of e-TeleQuote, enterprise value $600M
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- Enterprise value $600M; implied equity ~$450M; ~$340M cash, $15M note, 20% equity stake for 80% control.
- e-TeleQuote distributes Medicare plans from United Healthcare, Humana, Anthem with over 2,700 MA plans.
- Acquisition allows Primerica reps to serve clients' lifecycle needs; e-TeleQuote's platform and sales centers complement distribution.
- Potential earnout payments up to $50M ($25M each in 2022 and 2023).
- Primerica replaced e-TeleQuote's existing debt with lower-cost funding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1475922/000156459021035525/0001564590-21-035525-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1475922/000156459021035525/pri-8k_20210630.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-035525

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer