Talcott Financial Group Closes $10B Block Reinsurance Transaction with MetLife

Talcott Financial Group has closed a block reinsurance transaction between its subsidiary, Talcott Resolution Life Insurance Company, and Metropolitan Life Insurance Company.

HARTFORD, Conn., Dec. 1, 2025 – Talcott Financial Group (“Talcott”), an international life insurance group and leading provider of comprehensive risk solutions, has completed its previously announced block reinsurance transaction between its subsidiary, Talcott Resolution Life Insurance Company (“Talcott Resolution”), and Metropolitan Life Insurance Company (“MetLife”).

Under the terms of the agreement, Talcott Resolution reinsured approximately $10 billion in variable annuity and rider reserves, with the transaction structured on both a modified coinsurance and funds withheld basis. MetLife will continue to administer and service the policies. Additionally, MetLife Investment Management will manage approximately $6 billion of assets under investment management agreements with Talcott.

This transaction was first announced in April and brings Talcott’s total reinsured reserves in 2025 to $14 billion. The closing of this transaction further advances Talcott’s position as a trusted partner to carriers across the industry for comprehensive risk management solutions.

Wells Fargo acted as the exclusive financial advisor to Talcott.

About Talcott Financial Group

Talcott Financial Group, an international life insurance group, is one of the insurance industry’s trusted partners for comprehensive risk solutions. The enterprise benefits from its strong financial position, as evidenced by $127 billion in assets under management as of September 30, 2025, its investment-grade financial strength ratings, and its partnership with Sixth Street, a leading global investment firm. Talcott Financial Group has offices based in Bermuda, the Cayman Islands, Connecticut, and New York, and its platforms include Talcott Resolution and Talcott Re.

For more information visit www.talcott.com or follow Talcott Financial Group on LinkedIn.

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