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Press release content from Business Wire. The AP news staff was not involved in its creation. MetLife Completes Sale of Auto & Home Business to Zurich Insurance Group Subsidiary Farmers Group, Inc. April 7, 2021 GMT NEW YORK (BUSINESS WIRE) Apr 7, 2021 MetLife, Inc. (NYSE: MET) today announced the completion of its sale of Metropolitan Property and Casualty Insurance Company and certain wholly-owned subsidiaries to Farmers Group, Inc., a subsidiary of Zurich Insurance Group, for a purchase price of $3.94 billion in cash. In addition, MetLife and Farmers Exchanges have established a 10-year strategic partnership through which Farmers Insurance ® (Farmers) will offer personal lines products on MetLife’s industry-leading U.S. Group Benefits platform, which reaches 3,800 employers and approximately 37 million eligible employees. Farmers assumes responsibility for MetLife’s previous retail property and casualty customers. ....
Press release content from Business Wire. The AP news staff was not involved in its creation. MetLife Announces New $3 Billion Share Repurchase Authorization December 11, 2020 GMT NEW YORK (BUSINESS WIRE) Dec 11, 2020 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. MetLife, Inc. has completed repurchases under its prior repurchase authorization. Commenting on the announcement, MetLife, Inc. President and CEO Michel Khalaf said: “Our philosophy on capital management remains the same: Capital is precious and should be deployed to its best use. Despite a challenging 2020, we expect by year-end to have invested about $3 billion to support new business growth at attractive returns and payback periods, deployed nearly $1.7 billion to growth-oriented and accretive M&A, and returned at least $2.6 billion to shareholders through common stock dividends ....
MetLife Announces New $3 Billion Share Repurchase Authorization - Press Release digitaljournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from digitaljournal.com Daily Mail and Mail on Sunday newspapers.