Brighthouse Monetary Announces $200 Million Inventory Repurchase Software | Small business & Finance

“We are pleased to announce our new repurchase program, which demonstrates our ongoing determination to returning funds to our shareholders, our self confidence in our monetary energy and the progress we carry on to make as we execute our system,” explained Eric Steigerwalt, president and CEO, Brighthouse Money. “Assuming total utilization of this new system and our February 2020 system, we will have repurchased $1.3 billion of our typical inventory, which would stand for more than 85 p.c of our target to return $1.5 billion of cash to our shareholders by calendar year-end 2021.”

Repurchases underneath the system could be produced as a result of open up industry purchases, like pursuant to 10b5-1 ideas or pursuant to accelerated inventory repurchase designs, or by privately negotiated transactions, from time to time at management’s discretion in accordance with applicable authorized prerequisites.

Be aware Concerning Forward-Wanting Statements

This information release and other oral or prepared statements that we make from time to time may perhaps contain information that incorporates or is based mostly on ahead-looking statements within the which means of the Private Securities Litigation Reform Act of 1995. This sort of ahead-hunting statements involve significant pitfalls and uncertainties. We have experimented with, anywhere possible, to establish these kinds of statements using text these as “anticipate,” “estimate,” “expect,” “project,” “may,” “will,” “could,” “intend,” “goal,” “target,” “guidance,” “forecast,” “preliminary,” “objective,” “continue,” “aim,” “plan,” “believe” and other terms and conditions of identical indicating, or that are tied to long run intervals, in relationship with a dialogue of potential running or monetary performance. In particular, these contain, without the need of limitation, statements relating to upcoming actions, potential solutions or products, economical projections, long term performance or benefits of recent and expected providers or merchandise, product sales initiatives, expenses, the result of contingencies this sort of as lawful proceedings, as effectively as trends in working and monetary effects.

Any or all forward-seeking statements may flip out to be wrong. They can be influenced by inaccurate assumptions or by acknowledged or unidentified challenges and uncertainties. Numerous such things will be important in deciding the precise foreseeable future final results of Brighthouse Fiscal. These statements are dependent on present-day anticipations and the recent economic natural environment and contain a variety of threats and uncertainties that are hard to forecast. These statements are not assures of potential effectiveness. Precise results could differ materially from those people expressed or implied in the ahead-seeking statements due to a wide range of regarded and not known dangers, uncertainties and other variables. Dangers, uncertainties, and other factors that may lead to these discrepancies incorporate the hazards, uncertainties and other things determined in Brighthouse Financial’s most modern Annual Report on Form 10-K and subsequent Quarterly Stories on Form 10-Q, specially in the sections entitled “Risk Factors” and “Quantitative and Qualitative Disclosure About Current market Risk,” as very well as in Brighthouse Financial’s other subsequent filings with the U.S. Securities and Trade Commission. Even more, any ahead-searching statement speaks only as of the day on which it is manufactured, and Brighthouse Fiscal does not undertake any obligation to update or revise any forward-searching assertion to replicate functions or conditions just after the day on which the assertion is designed or to replicate the prevalence of unanticipated activities, except as if not may possibly be needed by regulation.

About Brighthouse Fiscal, Inc.

Brighthouse Money, Inc. (Brighthouse Financial) (Nasdaq: BHF) is on a mission to enable folks obtain financial stability. As 1 of the major providers of annuities and everyday living coverage in the U.S., 1 we specialize in items made to aid folks protect what they’ve attained and be certain it lasts. Study extra at brighthousefinancial.com.

Key word: NORTH CAROLINA UNITED STATES NORTH The usa

Industry Key phrase: Qualified Companies Insurance plan FINANCE

Resource: Brighthouse Economical, Inc.

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PUB: 02/10/2021 04:15 PM/DISC: 02/10/2021 04:15 PM