Talcott Arm to Reinsure $10B in MetLife Variable Annuity and Rider Reserves
May 8, 2025 by Allison Bell
MetLife has picked an arm of Talcott Resolution Life to reinsure U.S. retail variable annuities and annuity riders backed by about $10 billion in reserves.
Completing the deal would eliminate about $100 million in annual earnings.
But the deal should also cut investment hedging costs by $45 million per year, free about $250 million in capital, and cut MetLife’s exposure to retail variable annuity account value by 40%, the company said.
Originally Posted at Think Advisor on May 1, 2025 by Allison Bell.
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