Equitable Agrees to Reinsure 75% of $32B in Individual Life Policies With RGA
February 25, 2025 by Allison Bell
Equitable Holdings today said it has agreed to reinsure 75% of its in-force individual life insurance policies with Reinsurance Group of America.
The deal would include a mix of policies backed by $32 billion in reserves. Equitable would continue to administer the policyholder relationships and provide customer support.
For Equitable, completing the deal would free about $2 billion in capital. The company plans to invest $1.8 billion of the proceeds in its own asset management affiliate, AllianceBernstein.
Wink’s Moore on the Market: Equitable has agreed to reinsure 75% of $32 billion in life insurance policies with Reinsurance Group of America, Incorporated.
Looks like they are only going to sell term life and variable universal life, going forward.
The deal is contingent upon regulator approval.
Thanks for the intel, Allison Bell! -sjm
