Manulife closes ltc reinsurance transaction with rga

Tsx/nyse/pse: mfc sehk: 945                                                                               c$ unless otherwise stated toronto , jan. 02, 2025 /prnewswire/ - manulife announced today that it has closed1 the previously announced transaction to reinsure two blocks of legacy business, including a younger block of long-term care (ltc), with reinsurance group of america ("rga"). "with this second milestone ltc reinsurance transaction, we have now reinsured both mature and younger ltc blocks, further validating our prudent ltc reserves and assumptions," said manulife president and chief executive officer roy gori.
MFC Ratings Summary
MFC Quant Ranking