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 firstname.lastname@example.org
To contact the editor responsible for this story: Dan Kraut at email@example.com