Share repurchases

{
  "id": "MLC-T-INS-003735",
  "term": "Share repurchases",
  "field": "Insurance and risk management",
  "definition": "The action by which a publicly traded insurance company buys back its own stock from the open market, reducing the number of outstanding shares. Companies may initiate repurchases to return excess capital to shareholders, increase earnings per share, or signal management's confidence that the stock is undervalued. The repurchased shares are either retired permanently or held as treasury stock for future use, such as for employee stock compensation plans.",
  "url": "https://mlchart.com/terminology/insurance/share-repurchases/"
}