Published November 10, 2016 9:04am EST

MetLife Unveils $3 Billion Share Buyback Program

MetLife Inc. said Thursday its board has approved a $3 billion share buyback program. The insurer is currently gearing up for a spinoff of most of its U.S. retail business. Shares rose 2% in premarket trade and are up 6.4% in the year to date, while the S&P 500 has gained 5.8%.