Gold prices edge up after sharp losses; US inflation data awaited
ST. LOUIS - Reinsurance Group of America, Incorporated (NYSE:RGA) announced Thursday the completion of its previously disclosed transaction with Equitable Holdings, Inc. (NYSE:EQH) to reinsure $32 billion of life insurance products. Equitable Holdings, with a market capitalization of $15.49 billion and strong financial health according to InvestingPro analysis, currently trades below its Fair Value.
The transaction, which closed on July 31, involves a diversified mix of life insurance products and is expected to meaningfully contribute to RGA’s adjusted operating earnings per share, according to the company’s statement.
Tony Cheng, President and Chief Executive Officer of RGA, described the deal as "a significant milestone" that demonstrates the company’s ability to "execute strategic initiatives that align with our Creation Re strategy."
The reinsurance agreement expands RGA’s partnership with Equitable across multiple business areas including underwriting, product development, distribution, and investment management.
RGA indicated that the transaction was priced with returns within the company’s target range, though specific financial terms were not disclosed in the announcement.
The deal was initially announced on February 24, 2025, and has now successfully closed following regulatory approvals.
RGA, founded in 1973, specializes in life and health reinsurance and financial solutions. The company reported approximately $4.1 trillion of life reinsurance in force and assets of $133.5 billion as of June 30, 2025, according to the press release statement.
The transaction represents a continuation of RGA’s strategy to grow through partnerships with major insurance providers while expanding its market presence in the life insurance sector. Equitable Holdings maintains a healthy financial position with a current ratio of 1.9 and trades at a P/E ratio of 13.54. For detailed analysis and additional insights, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US equities.
In other recent news, Equitable Holdings has announced a quarterly cash dividend of $0.27 per share of common stock, payable on August 12, 2025, to shareholders of record as of August 5, 2025. The company also declared dividends on its preferred stock, with Series A 5.25% Non-Cumulative Perpetual Preferred Stock and Series C 4.30% Non-Cumulative Perpetual Preferred Stock receiving respective payouts. In addition to financial updates, Equitable has integrated a new Plan Build API from Employee Navigator into its EB360® digital employee benefits platform. This enhancement is designed to streamline the creation and configuration of employee benefits plans by reducing manual data entry processes. Furthermore, Equitable has appointed Greg Boosin as its new Chief Marketing Officer. Boosin brings over 25 years of marketing experience in the financial services industry, having previously served at Mastercard. These developments reflect Equitable’s ongoing efforts to enhance its services and leadership team.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.