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MetLife Agrees With Talcott To Reinsure About $10B Of U.S. Retail Variable Annuity And Rider Reserves

Benzinga·04/30/2025 20:22:15
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  • Agreement with a subsidiary of Talcott Financial Group to reinsure approximately $10 billion of U.S. retail variable annuity and rider reserves
  • Transaction demonstrates MetLife's focused execution across New Frontier strategic priorities

MetLife, Inc. (NYSE:MET) today announced it has entered into an agreement with Talcott Resolution Life Insurance Company (Talcott), a life insurance and annuities subsidiary of Talcott Financial Group, to reinsure approximately $10 billion of U.S. retail variable annuity and rider reserves.

The combined value of the transaction is expected to be approximately $250 million consisting of both ceding commission and capital released over time.