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Manulife announces $5.4 billion reinsurance transaction, including $2.4 billion of long-term care, with RGA
Manulife announces $5.4 billion reinsurance transaction, including $2.4 billion of long-term care...
About this update from Manulife Financial Corporation
[{"type":"text","content":"\n\n\n\n Manulife announces $5.4 billion reinsurance transaction, including $2.4 billion of long-term care, with RGA\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen3{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; TEXT-ALIGN: LEFT; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prngen4{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: RIGHT; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prngen5{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prncbts{\nBORDER-TOP:black 0.5pt solid\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnbrbrs{\nBORDER-RIGHT:black 0.5pt solid\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnbbbs{\nBORDER-BOTTOM:black 0.5pt solid\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnbsbls{\nBORDER-LEFT:black 0.5pt solid\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n Transacting on a younger LTC block further validates LTC reserves and assumptions\n \n\n\n Another milestone transaction that optimizes our portfolio\n \n\n\n\n $0.8 billion\n \n capital release will be returned to shareholders via share buybacks\n \n\n\n Conference call to be held\n \n Thursday, November 21, 2024\n \n , at\n \n 8:00 a.m. ET\n \n ; details below\n \n\n\n\n\n TSX/NYSE/PSE: MFC SEHK: 945\n \n\n\n\n C$ unless otherwise stated\n \n\n\n\n\n TORONTO\n \n\n ,\n \n\n Nov. 20, 2024\n \n\n /CNW/ - Manulife Financial Corporation (\"Manulife\" or the \"Company\") announced today that it has entered into a\n \n $5.4 billion\n \n\n\n 1\n \n\n reinsurance agreement with Reinsurance Group of America (\"RGA\"), including\n \n $2.4 billion\n \n of long-te...