MetLife Announces New $2 Billion Share Repurchase Authorization
November 01 2018 - 4:15PM
Business Wire
MetLife, Inc. (NYSE: MET) today announced that its board of
directors has approved a new $2 billion authorization for the
company to repurchase its common stock. In May 2018, MetLife
announced a $1.5 billion repurchase authorization and the company
has bought back approximately $1 billion of its common stock
under that board authorization.
Commenting on the announcement, MetLife Chairman, President and
CEO Steven A. Kandarian said:
"Excess capital belongs to our shareholders, and we are pleased
to announce a new $2 billion share repurchase authorization. Taken
together with the balance from our prior authorization, MetLife has
current authorized buyback capacity of almost $2.5 billion.”
About MetLife
MetLife, Inc. (NYSE: MET), through its subsidiaries and
affiliates (“MetLife”), is one of the world’s leading financial
services companies, providing insurance, annuities, employee
benefits and asset management to help its individual and
institutional customers navigate their changing world. Founded in
1868, MetLife has operations in more than 40 countries and holds
leading market positions in the United States, Japan, Latin
America, Asia, Europe and the Middle East. For more information,
visit www.metlife.com.
Forward-Looking Statements
This news release may contain or refer to forward-looking
statements. Forward-looking statements give expectations or
forecasts of the future using terms such as “anticipate,”
“estimate,” “expect,” “project,” “intend,” “plan,” “believe,”
“will,” and other terms tied to future periods. Results could
differ materially from those expressed or implied in the
forward-looking statements. Forward-looking statements are based on
assumptions and expectations. They involve risks and uncertainties,
including the “Risk Factors” MetLife, Inc. describes in its U.S.
Securities and Exchange Commission filings. The company has no
obligation to correct or update any forward-looking statement.
Parts of this news release may include additional information on
forward-looking statements.
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