Wednesday, May 25, 2022

Principal Financial Group closes annuity reinsurance transaction

Principal Financial Group closes annuity reinsurance transaction

Principal Financial Group® announced today that it has successfully closed its transaction to reinsure the company’s in-force U.S. retail fixed annuity and universal life insurance with secondary guarantee blocks of business with an affiliate of Sixth Street and its insurance platform, Talcott Resolution. Under the agreement, the company has reinsured…


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