MetLife, Inc. (NYSE:MET) today announced that its board of directors has approved a new $3 billion authorization for the company to repurchase its common stock. The new authorization is incremental to the approximately $360 million remaining under the company's prior authorization announced in May 2024.
"This new share repurchase authorization and the 4.1% increase in our common stock dividend that we announced earlier this month reflect MetLife's financial strength and all-weather performance," said MetLife President and Chief Executive Officer Michel Khalaf. "Altogether, these actions illustrate our commitment to providing an attractive total return for our shareholders as part of our New Frontier strategy."
About MetLife
MetLife, Inc. (NYSE:MET), through its subsidiaries and affiliates ("MetLife"), is one of the world's leading financial services companies, providing insurance, annuities, employee benefits and asset management to help individual and institutional customers build a more confident future. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Asia, Latin America, Europe and the Middle East. For more information, visit www.metlife.com.
Forward-Looking Statements
The forward-looking statements in this news release, using words such as "commitment," are based on assumptions and expectations that involve risks and uncertainties, including the "Risk Factors" MetLife, Inc. describes in its U.S. Securities and Exchange Commission filings. MetLife's future results could differ, and it does not undertake any obligation to publicly correct or update any of these statements.
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