(Bloomberg) — Prudential Financial Inc., the second-largest U.S. life insurer, authorized the repurchase of $1 billion in shares through the end of June 2014.
Management will determine the timing and size of buybacks based on market conditions, the Newark, New Jersey-based insurer said today in a statement. Prudential said it repurchased $150 million of shares under a $1 billion authorization that expires on June 30.
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