NYSE:RGAInsurance
RGA’s US$1.5b Equitable Deal Reshapes Life Reinsurance Risk Profile
Reinsurance Group of America (NYSE:RGA) has entered into a $1.5 billion reinsurance agreement with Equitable.
The deal covers $32 billion in life insurance policies, transferring a large book of risk to RGA.
The transaction is expected to materially expand RGA's business footprint in life reinsurance.
For investors watching NYSE:RGA, this agreement comes with the stock recently around $204.96 and multi-year returns of 50.2% over 3 years and 83.1% over 5 years. The size of the Equitable...