Metlife Disclosed Completing Its Risk Transfer Transaction With Global Atlantic Financial Group, Accelerating The Run-off Of Metlife Holdings That Represents About $19B Of Statutory Reserves
Portfolio Pulse from Benzinga Newsdesk
MetLife has completed a risk transfer transaction with Global Atlantic Financial Group, which will expedite the run-off of MetLife Holdings. This transaction involves approximately $19 billion of statutory reserves.

November 16, 2023 | 11:53 am
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POSITIVE IMPACT
MetLife's completion of the risk transfer transaction with Global Atlantic is likely to positively impact its financial stability by accelerating the run-off of MetLife Holdings.
The completion of the risk transfer transaction is a significant step for MetLife, as it accelerates the run-off of MetLife Holdings, which is a substantial portion of the company's business. This move is likely to be viewed positively by investors as it can improve the company's risk profile and potentially lead to a more efficient capital allocation. The impact on the stock price should be positive in the short term, reflecting the market's reaction to this strategic decision.
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IMPORTANCE 75
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