Manulife announces $3.2 billion long-term care reinsurance transaction with Munich Re
Manulife announced a reinsurance transaction with Munich Re to transfer biometric risk on a block of long-term care policies with $3.2 billion of reserves. This is the company's third LTC reinsurance deal and first standalone transaction, expected to cumulatively reduce LTC morbidity sensitivity by 24% upon closing.
Key figures
- Annual earnings impact
- 30000000
- Ltc reserves reinsured
- 3200000000
- Quota share percentage
- 80
- Ltc risk reduction percent
- 24
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.