Prudential and rga entrusted to fulfill $5.9 billion in pension promises for verizon

Newark, n.j.--(business wire)--prudential financial, inc. (nyse: pru) and reinsurance group of america, incorporated (nyse: rga) have been selected in a pension risk transfer involving verizon communications inc. the transaction will settle approximately $5.9 billion of verizon pension liabilities and will provide retirement security for a population that includes 56,000 verizon retirees and their beneficiaries who commenced their benefits before jan. 1, 2023. prudential and rga will each irrev.
PRU Ratings Summary
PRU Quant Ranking