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MetLife CEO Lacks Total Confidence in Buybacks Amid Regulation

Dec. 13 (Bloomberg) -- 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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