MetLife CEO Lacks Total Confidence in Buybacks Amid Regulation

MetLife Inc. Chief Executive Officer Steven Kandarian said looming regulation means he lacks “total confidence” that the insurer will able to complete its plan to repurchase $8 billion of shares from 2014 through 2016.

“As things unfold here in terms of regulatory oversight, we’ll have to wait and see,” Kandarian said today on a conference call with analysts. “This will not be totally within our control.”

To contact the reporter on this story: Zachary Tracer in New York at ztracer1@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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