other material
confidence high
sentiment positive
materiality 0.65
Brighthouse Financial authorizes $750M stock repurchase program, with $71M remaining from prior $1B authorization
Brighthouse Financial, Inc.
- New $750M common stock repurchase authorization announced on November 16, 2023.
- Adds to $1B authorization from August 2021, under which $71M remained as of November 15, 2023.
- CEO notes ~$2.2B in total repurchases since August 2018, reducing shares outstanding by >46%.
- Repurchases may be via open market, 10b5-1 plans, accelerated plans, or private transactions.