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Fortune
Fortune
Eleanor Pringle

RGA and Equitable pen $32 billion reinsurance deal expected to boost future earnings

RGA Equitable Fortune Insurance Moody Reinsurance Group of America
Reinsurance Group of America logo in front of stock monitors (Credit: Igor Golovniov/SOPA Images/LightRocket - Getty Images)
  • RGA has announced a $1.5 billion deal with Equitable to reinsure $32 billion worth of life insurance policies, reinforcing its position in the industry despite a recent Moody’s downgrade. However, the transaction is expected to boost RGA’s future earnings and aligns with its expertise, with multiple analysts maintaining hold ratings and a moderate buy outlook on its stock.

Reinsurance Group of America (RGA), a $13 billion market cap health and life reinsurance provider, has announced a deal with fellow Fortune 500 company Equitable.

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