MetLife Announces New Stock Buyback Authorization - Quick Facts

(RTTNews) - MetLife, Inc. (MET), one of the world's leading financial services companies, providing insurance, annuities, employee benefits and asset management, said its board has approved a $2 billion stock repurchase program. The company has approximately $20 million remaining under its prior share repurchase authorization.

MetLife 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."

During the first half of 2019, the company returned approximately $2 billion to shareholders through common stock repurchases and dividend.