Am best comments on credit ratings of manulife financial corporation and its subsidiaries following reinsurance agreement announcement with venerable holdings inc.

Oldwick, n.j.--(business wire)-- #insurance--am best has commented that the credit ratings (ratings) of manulife financial corporation (mfc) (toronto, canada) [nyse: mfc] and its subsidiaries remain unchanged following the nov. 15, 2021, announcement that the company has entered into an agreement to reinsure a significant portion—more than 75%—of its legacy u.s. variable annuity (va) block to venerable holdings inc. the block consists mainly of policies with guaranteed minimum withdrawal benefit riders. the
MFC Ratings Summary
MFC Quant Ranking