The company said it completed the previously announced $10 billion variable annuity risk transfer transaction with Talcott Resolution Life Insurance Company on December 1, 2025.

8-KRegulation FD DisclosureFiled Dec 1, 2025Period of report Dec 1, 2025Summary published (UTC) Oct 12, 2026

Key points

AI summary

The company said it completed the previously announced $10 billion variable annuity risk transfer transaction with Talcott Resolution Life Insurance Company on December 1, 2025.
MetLife said in Item 7.01 that it reinsured approximately $10 billion of U.S. retail variable annuity and rider reserves to Talcott Resolution Life Insurance Company.
MetLife said the transaction results in expected foregone annual adjusted earnings of approximately $100 million, which will be partially offset by annual hedge cost savings of approximately $45 million.
The company said the transaction reduces portfolio risk and accelerates the run-off of legacy blocks of business within MetLife Holdings. It also explained that MetLife Investment Management will manage approximately $6 billion of assets under investment management agreements with Talcott.

Summary

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Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

MetLife Completes $10 billion Variable Annuity Risk Transfer with Talcott Resolution

The company said it completed the previously announced $10 billion variable annuity risk transfer transaction with Talcott Resolution Life Insurance Company on December 1, 2025.

Source · Based on the filing body and exhibits

Approximately $10 billion of U.S. Retail Variable Annuity and Rider Reserves Reinsured

MetLife said in Item 7.01 that it reinsured approximately $10 billion of U.S. retail variable annuity and rider reserves to Talcott Resolution Life Insurance Company.

Source · Based on the filing body and exhibits

Expected Foregone Adjusted Earnings Partly Offset by Hedge Cost Savings

MetLife said the transaction results in expected foregone annual adjusted earnings of approximately $100 million, which will be partially offset by annual hedge cost savings of approximately $45 million.

Source · Based on the filing body and exhibits

MetLife Investment Management Asset Management Agreements

The company said the transaction reduces portfolio risk and accelerates the run-off of legacy blocks of business within MetLife Holdings. It also explained that MetLife Investment Management will manage approximately $6 billion of assets under investment management agreements with Talcott.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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View the original filing on SEC EDGAR ↗

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