Reinsurance Group of America, Inc. (RGA) announced it has entered into a $32 billion reinsurance agreement with subsidiaries of Equitable Holdings, Inc. Under the deal, RGA will reinsure 75% of Equitable’s in-force individual life insurance liabilities. The transaction is expected to close in mid-2025, pending regulatory approvals.

source: Reinsurance Group of America, Inc., SEC Form 8-K, February 24, 2025.