MetLife, Inc., a provider of insurance, annuities, and employee benefit programmes, has finalised its previously announced $10 billion variable annuity risk transfer transaction with Talcott Resolution Life Insurance Company, a life insurance and annuities subsidiary of Talcott Financial Group.
This transaction reduces MetLife’s portfolio risk, speeds up the run-off of legacy business blocks, and underscores the company’s disciplined strategy in executing risk transfer solutions within MetLife Holdings, the closed-block operations from its former US Retail segment.
Under the agreement, MetLife Investment Management will continue to manage approximately $6 billion in assets on behalf of Talcott.
This deal, first announced in April, brings Talcott’s total reinsured reserves in 2025 to $14 billion, strengthening its position as a trusted partner for carriers seeking comprehensive risk management solutions. Wells Fargo served as exclusive financial advisor to Talcott.
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