Brighthouse Financial announces $750M stock repurchase program

Brighthouse Financial announced that it has authorized the repurchase of up to $750M of its common stock. The stock repurchase program is in addition to the $1B stock repurchase authorization announced by the company in August 2021, under which $71M remains as of November 15, 2023. “We are pleased to announce this new stock repurchase program, which further demonstrates our ongoing commitment to return capital to our shareholders over time,” said Eric Steigerwalt, president and CEO, Brighthouse Financial. “Since we began our common stock repurchase program in August 2018 through November 15 of this year, we have repurchased approximately $2.2 billion of our common stock and reduced the number of shares outstanding by more than 46% from the time we became an independent, public company.”