other material
confidence high
sentiment neutral
materiality 0.75
Equitable Holdings closes $2B+ reinsurance deal with RGA for 75% of individual life block
Equitable Holdings, Inc.
- Subsidiaries EFLIC, EFLOA, EFLA entered reinsurance agreements with RGA Reinsurance Company effective April 1, 2025.
- 75% quota share of in-force individual life insurance block ceded; separate accounts reinsured on modified coinsurance basis.
- Transaction generates more than $2 billion of value and reduces exposure to future mortality volatility.
- AllianceBernstein (affiliate) will manage about 70% of assets backing ceded policies under investment advisory agreement.
- Q2 2025 earnings release scheduled for August 5, 2025, with investor call on August 6.