Manulife Closes LTC Reinsurance Transaction with RGA [Yahoo! Finance]
Reinsurance Group of America, Incorporated (RGA)
Last reinsurance group of america, incorporated earnings: 1/28 04:15 pm
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Source: Yahoo! Finance
TORONTO Jan. 02, 2025 /PRNewswire/ - Manulife announced today that it has closed the previously announced transaction to reinsure two blocks of legacy business, including a younger block of long-term care (LTC), with Reinsurance Group of America ("RGA"). Manulife Logo (CNW Group/Manulife Financial Corporation) "With this second milestone LTC reinsurance transaction, we have now reinsured both mature and younger LTC blocks, further validating our prudent LTC reserves and assumptions," said Manulife President and Chief Executive Officer Roy Gori . "Additionally, this transaction reaffirms our commitment to unlocking shareholder value and further reshapes our portfolio to higher return and lower risk." For more information on the transaction, please see the news release slides and webcast from our November 20 th , 2024, announcement. About Manulife Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier
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News
- Manulife Closes LTC Reinsurance Transaction with RGA [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Reinsurance Group Stock Rises 41.6% YTD: Will the Rally Last? [Yahoo! Finance]Yahoo! Finance
- Reinsurance Group of America, Incorporated (NYSE: RGA) had its price target raised by analysts at Barclays PLC from $250.00 to $255.00. They now have an "overweight" rating on the stock.MarketBeat
- Manulife's Gori Seized Retirement Before Anyone Asked Him to Go [BNN Bloomberg (Canada)]BNN Bloomberg
- Manulife reaches reinsurance deal worth $5.4 billion to free up capital [Investment Executive - News]Investment Executive - News
RGA
Earnings
- 10/31/24 - Beat
RGA
Sec Filings
- 12/20/24 - Form 4
- 12/19/24 - Form 4
- 11/1/24 - Form 10-Q
- RGA's page on the SEC website