RGA completes $32 billion reinsurance deal with Equitable Holdings

Reinsurance Group of America, Incorporated (NYSE: RGA) announced the completion of its reinsurance transaction with Equitable Holdings, Inc. (NYSE: EQH) to reinsure $32 billion of life insurance products.

The transaction covers a diversified mix of life insurance products and was originally announced in February 2025. RGA stated the deal was priced within the company's target range for returns and is expected to contribute to adjusted operating earnings per share.

The agreement expands RGA's partnership with Equitable across multiple areas including underwriting, product development, distribution, and investment management, according to the press release.

"The successful closing of our transaction with Equitable represents a significant milestone for RGA and reflects our ongoing commitment to delivering exceptional value for our shareholders and clients," said Tony Cheng, President and Chief Executive Officer of RGA.

RGA, founded in 1973, operates as a global life and health reinsurer. The company reported approximately $4.1 trillion of life reinsurance in force and assets of $133.5 billion as of June 30, 2025.

The transaction aligns with RGA's Creation Re strategy, which focuses on strategic partnerships and capital optimization. RGA characterized the deal as mutually beneficial for both companies.

You May Also Be Interested In

• Two Harbors rejects UWM Holdings lawsuit amid pending CrossCountry deal
• Snail, Inc. (SNAL) Reports Q3 Loss of $0.36
• Aardvark Therapeutics (AARD) Tops Q2 EPS by 21c