NEW YORK--(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. MetLife has approximately $20 million remaining under the $2 billion repurchase authorization announced by the company in November 2018.
Commenting on the announcement, MetLife, Inc. President and CEO Michel Khalaf said:
“This new share repurchase authorization demonstrates our continued confidence in the ability of our businesses to generate strong free cash flow. Just as important, it underscores our strong commitment to returning excess capital to our shareholders.”
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.
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