Skip to content
Subscriber Only

MetLife Announces Its First Share Buyback Since 2008

MetLife Inc., the largest U.S. life insurer, announced its first stock buybacks since 2008 as Chief Executive Officer Steven Kandarian seeks to reward investors. The shares gained in early trading.

The insurer will repurchase as much as $1 billion of common stock utilizing existing authorizations from the board of directors, New York-based MetLife said today in a statement.