“We expect 2026 repurchases to be in line with 2025.”

In context

“s the critical mass we've gained with the acquisition of PineBridge, and underscores our intent to grow and further capitalize on the increasing convergence of life insurance and asset management. Moving to cash and capital. The fourth quarter serves as an excellent reminder of MetLife's capital strength and flexibility. After retiring half a billion dollars of debt, buying back around $430 million of common stock, paying roughly $370 million of common stock dividends, and funding close to $1 billion of acquisitions and other investments, we ended the year with $3.6 billion of cash and cash equivalents. This falls firmly within our target liquidity buffer of $3 billion to $4 billion. A final note on capital: In the month of January, we repurchased another $200 million of our common stock. We expect 2026 repurchases to be in line with 2025. To wrap up, the strategic actions we took in 2025 set the table for the coming years of New Frontier and position MetLife to deliver on our financial commitments and our superior value proposition of responsible growth and attractive returns with less risk. We are entering 2026 as a stronger company with sustained business momentum and expanding market leadership. While the macro and market environments continue to evolve, we remain laser-focused on the levers we control and on relentless execution to generate responsible growth, deploy capital with rigor, and further drive operating efficiency. MetLife's financial strength feeds our ability to deliver for our shareholders as well as other stakeholders, including our customers, employees, and communities. In 2025, MetLife paid roughly $50”