filings.toolsItem 1A. Risk Factors
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Item 1A. Risk Factors
Certain factors that may affect the Company’s business or operations are described under “Risk Factors” in Part I, Item 1A, of the 2020 Annual Report. There have been no material changes to our risk factors from the risk factors previously disclosed in the 2020 Annual Report.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Issuer Purchases of Equity Securities
Purchases of MetLife, Inc. common stock made by or on behalf of MetLife, Inc. or its affiliates during the quarter ended September 30, 2021 are set forth below:
| Period | Total Number of Shares Purchased (1) | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs (2) | ||||||||||||||||||||||
| July 1 — July 31, 2021 | 4,184,289 | $ | 59.15 | 4,184,289 | $ | 475,046,141 | ||||||||||||||||||||
| August 1 — August 31, 2021 | 4,902,860 | $ | 61.69 | 4,902,516 | $ | 3,172,593,633 | ||||||||||||||||||||
| September 1 — September 30, 2021 | 7,600,028 | $ | 61.18 | 7,600,028 | $ | 2,707,594,981 | ||||||||||||||||||||
| Total | 16,687,177 | 16,686,833 |
(1)During the periods July 1 through July 31, 2021, August 1 through August 31, 2021 and September 1 through September 30, 2021, separate account index funds purchased 0 shares, 344 shares and 0 shares, respectively, of MetLife, Inc. common stock on the open market in non-discretionary transactions.
(2)In August 2021, MetLife, Inc. announced that its Board of Directors authorized $3.0 billion of common stock repurchases. At September 30, 2021, MetLife, Inc. had $2.7 billion of common stock repurchases remaining under the authorization. For more information on common stock repurchases, see “Management’s Discussion and Analysis of Financial Condition and Results of Operations — Liquidity and Capital Resources — The Company — Liquidity and Capital Uses — Common Stock Repurchases” and Note 10 of the Notes to the Interim Condensed Consolidated Financial Statements. See also “Risk Factors — Capital Risks — We May not be Able to Pay Dividends or Repurchase Our Stock Due to Legal and Regulatory Restrictions or Cash Buffer Needs” included in the 2020 Annual Report.
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