RGA Completes $32 Billion Reinsurance Transaction with Equitable Holdings

Reinsurance Group of America (RGA) has successfully closed a $32 billion reinsurance transaction with Equitable Holdings. The deal includes reinsuring a diversified mix of life insurance products, priced with attractive returns within RGA's target range, expected to contribute meaningfully to adjusted operating EPS, and expands RGA's partnership with Equitable across underwriting, product development, distribution, and investment management.

Reinsurance Group of America (RGA) has successfully closed a significant $32 billion reinsurance transaction with Equitable Holdings, Inc. (EQH). The deal involves reinsuring a diversified mix of life insurance products, priced with attractive returns within RGA's target range. This transaction is expected to contribute meaningfully to RGA's adjusted operating earnings per share (EPS) and expand the partnership between the two companies across various areas, including underwriting, product development, distribution, and investment management.

The transaction, announced on July 31, 2025, represents a strategic milestone for RGA, demonstrating the company's ability to execute large-scale deals that align with its Creation Re strategy. Tony Cheng, President and Chief Executive Officer of RGA, stated that the successful closure of the transaction with Equitable reflects RGA's commitment to delivering exceptional value for its shareholders and clients.

This deal is part of RGA's ongoing efforts to grow its market position and create sustainable long-term value. The company's substantial life reinsurance in force, approximately $4.1 trillion, and assets of $133.5 billion as of June 30, 2025, underscore its financial strength and global capabilities [1].

References:
[1] https://www.stocktitan.net/news/RGA/rga-closes-32-billion-reinsurance-transaction-with-equitable-yiy36fjaypnq.html