Share Repurchase
Managed Care companies repurchased an aggregate of 54.4 million shares at a cost of $3.0 billion in 2001
$250M share repurchase program approved in 2Q 2002
Will buy back shares strategically
Benefits of share repurchase are:
- More flexible and tax efficient way to return capital to shareholders
- Enhances ROE
- Improves EPS
- Best ROI for excess capital