Manulife announces $5.4 billion reinsurance transaction, including $2.4 billion of long-term care, with RGA
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Manulife Financial Corporation has announced a $5.4 billion reinsurance transaction with Reinsurance Group of America, which includes $2.4 billion of long-term care reserves. This transaction will release $0.8 billion in capital, which will be returned to shareholders through share buybacks.
November 20, 2024 | 9:45 pm
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Manulife's $5.4 billion reinsurance deal with RGA, including $2.4 billion in LTC reserves, will release $0.8 billion in capital for share buybacks, potentially boosting stock value.
The reinsurance transaction with RGA allows Manulife to optimize its portfolio and release $0.8 billion in capital, which will be used for share buybacks. This is likely to have a positive impact on Manulife's stock price as share buybacks can increase earnings per share and signal confidence in the company's financial health.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90