Filed Under:Your Practice, Regulatory

MetLife changing U.S. strategy

Up to $8 billion in share buybacks through 2016 could be affected by federal regulation, says CEO

(AP photo/Mark Lennihan)
(AP photo/Mark Lennihan)

MetLife is shifting its U.S. business to focus on more profitable products during a period of low interest rates, its chairman said last week.

One of the effects is to roll out products in the torrid living benefit market that reduces the guaranteed payout promised annuitants, MetLife chairman and CEO Steve Kandarian said.

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Nichole Morford

Nichole Morford
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