EX-99.1 2 d948412dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 For Immediate Release İ Global Communications İ MetLife, Inc. METLIFE ANNOUNCES $10 BILLION VARIABLE ANNUITY RISK TRANSFER TRANSACTION Agreement with a subsidiary of Talcott Financial Group to reinsure approximately $10 billion of U.S. retail variable annuity and rider reserves Transaction demonstrates MetLife’s focused execution across New Frontier strategic priorities NEW YORK, April 30, 2025 - MetLife, Inc. (NYSE: MET) today announced it has entered into an agreement with Talcott Resolution Life Insurance Company (Talcott), a life insurance and annuities subsidiary of Talcott Financial Group, to reinsure approximately $10 billion of U.S. retail variable annuity and rider reserves. The combined value of the transaction is expected to be approximately $250 million consisting of both ceding commission and capital released over time. The planned reinsurance transaction with Talcott is aligned with MetLife’s disciplined evaluation of risk transfer options within MetLife Holdings, the closed-block businesses of the company’s former U.S. Retail segment. The transaction will accelerate the run-off of MetLife’s le…
Open exhibit ↗Current Report · Items 7.01, 9.01 · 8-K
MetLife, Inc.
METNYSEEQUITYCurrent
Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On April 30, 2025, MetLife, Inc. issued a news release announcing an agreement with Talcott Resolution Life Insurance Company to reinsure approximately $10 billion of U.S. retail variable annuity and rider reserves. A copy of the news release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.…
Company context
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help individual and institutional customers build a more confident future. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Asia, Latin America, Europe and the Middle East. For more information, visit www.metlife.com.