Manulife announces $5.4 billion reinsurance transaction, including $2.4 billion of long-term care, with rga

Transacting on a younger ltc block further validates ltc reserves and assumptions another milestone transaction that optimizes our portfolio $0.8 billion capital release will be returned to shareholders via share buybacks conference call to be held thursday, november 21, 2024, at 8:00 a.m. et; details below tsx/nyse/pse: mfc sehk: 945                                                                               c$ unless otherwise stated toronto , nov. 20, 2024 /prnewswire/ - manulife financial corporation ("manulife" or the "company") announced today that it has entered into a $5.4 billion 1  reinsurance agreement with reinsurance group of america ("rga"), including $2.4 billion of long-term care ("ltc") reserves.
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