MetLife Completes $10 Billion Variable Annuity Risk Transfer to Talcott

Reuters12-02
MetLife Completes $10 Billion Variable Annuity Risk Transfer to Talcott

MetLife Inc. has completed a $10 billion variable annuity risk transfer transaction with Talcott Resolution Life Insurance Company. The deal reduces MetLife's portfolio risk and accelerates the run-off of its legacy business blocks. MetLife Investment Management will oversee approximately $6 billion of assets under agreements with Talcott.

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