Metlife announces $10 billion variable annuity risk transfer transaction

New york--(business wire)--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. the planned reinsurance tra.
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