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Talcott Financial Group Announces $10B Block Reinsurance Transaction with MetLife |
HARTFORD, Conn., April 30, 2025 – Talcott Financial Group (“Talcott”), an international life insurance group and leading provider of comprehensive risk solutions, today announced a block reinsurance transaction between its subsidiary, Talcott Resolution Life Insurance Company (“Talcott Resolution”), and Metropolitan Life Insurance Company (“MetLife”). |
Under the terms of the agreement, Talcott Resolution will reinsure approximately $10 billion in variable annuity and rider reserves, with the transaction structured on both a modified coinsurance and funds withheld basis. MetLife will continue to administer and service the policies. Additionally, MetLife Investment Management will manage approximately $6 billion of assets under investment management agreements with Talcott. The transaction is expected to close in the second half of 2025, subject to regulatory approvals and customary closing conditions. |
“Today’s announcement marks another significant milestone in our growth journey and reinforces Talcott’s position in the insurance industry as a reinsurer of choice,” said Imran Siddiqui, Chief Executive Officer of Talcott. “We appreciate the hard work and collaboration from teams across both institutions that have led to this partnership.” |
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This transaction, which follows the block reinsurance transaction with Japan Post Insurance that Talcott announced in March, brings total reinsured reserves in 2025 to $14 billion, and further demonstrates Talcott’s position as a trusted partner for effective, bespoke risk management solutions. |
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Wells Fargo acted as the exclusive financial advisor to Talcott. |
About Talcott Financial Group |
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Talcott Financial Group, an international life insurance group, is one of the insurance industry’s trusted partners for comprehensive risk solutions. The enterprise benefits from its strong financial position, as evidenced by $123 billion in assets under management as of December 31, 2024, its investment-grade financial strength ratings, and its partnership with Sixth Street, a leading global investment firm. Talcott Financial Group has offices based in Bermuda, the Cayman Islands, Connecticut, and New York, and its platforms include Talcott Resolution and Talcott Re. |
| For more information visit www.talcott.com or follow Talcott Financial Group on LinkedIn. |
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Media Contact |
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Allison Lang |
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FGS Global |