M&A - Equitable Holdings, Inc.

Form Type: 8-K

Filing Date: 2025-02-24

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525032709

Filing Summary: On February 23, 2025, Equitable Holdings, Inc. and its subsidiaries entered into a Master Transaction Agreement with RGA Reinsurance Company. Under this agreement, Equitable's subsidiaries will cede a 75% quota share of their in-force individual life insurance block to RGA. The agreement includes separate reinsurance arrangements for general and separate account liabilities. Equitable expects to receive over $2 billion in value from this transaction, which includes a positive ceding commission and capital release. The investment of assets supporting reinsurance will be managed by AllianceBernstein L.P. for a minimum of twenty-five years. The transaction is anticipated to close in mid-2025, contingent on customary closing conditions, including regulatory approvals. A press release detailing the transaction was issued by the company on February 24, 2025, and they plan to host a conference call to discuss it.

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