“At this juncture, we have received all necessary regulatory approvals and we expect to close in short order. We do not anticipate any material changes to the terms announced in May.”

In context

“cash MetLife remained active with capital management during the third quarter. We paid about $400 million of common stock dividends to shareholders and we repurchased nearly $800 million of our common stock. In addition to our activity in the third quarter, we repurchased roughly another $250 million of our common stock during the month of October. Year-to-date through October we have repurchased about $2.5 billion of our common shares and there is approximately $2.7 billion remaining on our repurchase authorization. At the end of the quarter, we had $4.9 billion of cash at our holding companies, which is above the top end of the $3 billion to $4 billion liquidity buffer we maintain. Before I close, let me provide a quick update on our pending reinsurance transaction with Global Atlantic. At this juncture, we have received all necessary regulatory approvals and we expect to close in short order. We do not anticipate any material changes to the terms announced in May. In closing, we hosted a strategy session with our Board of Directors during the first week of October. This recurring annual meeting presents us with an opportunity to pressure test our strategy and to assess progress made toward our next Horizon investor commitments. On that front, we are on track to exceed each commitment made at our December 2019 Investor Day and I am confident. we will continue to deliver for our shareholders and other stakeholders. Now I'll turn it over to John to cover our performance in greater detail. John McCallion : Thank you, Michel, and good morning. I will start with the 3Q '23 supplemental slides which provide highlights of our financial performance including details of our Annual Global Actuarial assumption review. In addition, I'll provide updates on our v”