09:34 AM EDT, 08/27/2024 (MT Newswires) -- Reinsurance Group of America ( RGA ) said Tuesday that it has signed an agreement with American National Insurance Company and its affiliates to reinsure a block of life business via a coinsurance arrangement.

Under the deal, approximately $3.5 billion of American National's statutory reserves will be transferred to Reinsurance Group subsidiaries, while American National will continue to handle policyholder service and support.

Additional terms of the agreement were not disclosed.

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