Integrated Risk Partner

Longevity

Longevity transactions help reduce exposure to longevity risk through traditional coinsurance, longevity swap reinsurance treaties, or pension risk transfer (PRT) solutions.

Backed by a strong foundation built on long-term commitments and trust from clients, RGA continues to meet the growing needs of the longevity and PRT market around the world, providing financial strength, industry-leading capabilities, and execution certainty.

2024 Adjusted operating income before taxes: Longevity

$268M

RGA executed its largest PRT transaction to date in March 2024, partnering on a deal to settle approximately $5.9 billion of pension liabilities in the US market. In Asia, RGA closed a landmark transaction in the longevity space with one of Japan’s leading providers of life annuities that will reinsure an approximate $4 billion in-force block of individual life annuities through coinsurance. RGA was also active in the UK longevity reinsurance market, executing transactions of various sizes throughout 2024.

RGA’s innovative approach to large PRT transactions in the US earned industry accolades: InsuranceERM selected RGA and partner Legal & General Retirement America (LGRA) for its 2024 Pension Risk Transfer Innovation of the Year award. In 2024, the two companies continued their innovative work for clients, executing a $700 million PRT transaction with one of the largest investor-owned electric utilities in the US.

RGA has excelled in partnering with industry leaders to meet the evolving needs of the longevity and global pension risk transfer market. RGA’s robust solutions are built from our industry-leading biometric risk expertise and designed to provide flexibility and long-term value to pension sponsors and financial security to retirees.

Patrick Cheung

Senior Vice President

Longevity Products

Explore RGA Insights

Multi-Cancer Early Detection Tests and Modeling the Potential Impact on Insurance
The Protein Science Revolution: Implications for health and mortality assumptions
Understanding the Asian Asset-Intensive Longevity Market Opportunity
U.K. Mortality Projections: Practical implications of CMI proposals
Reinsurance Solutions for IFRS 17: Overcoming challenges in earnings emergence
Team Collaboration for Pension Risk Transfer: A Recipe for Success
The Longevity Challenge: Aging societies and the need to adapt
Defusing the Pension Time Bomb: Lessons from pension risk transfer

Learn more about RGA’s Longevity solutions

visit rgare.com