06:50 AM EST, 02/24/2025 (MT Newswires) -- Reinsurance Group of America ( RGA ) said Monday it has agreed to reinsure $32 billion of life insurance products of Equitable (EQH).

This includes about $18 billion of general account reserves and $14 billion of separate account reserves.

Reinsurance Group said it expects to deploy $1.5 billion of capital at closing into the transaction.

The company expects the transaction to contribute nearly $70 million of adjusted operating income before taxes this year. It expects adjusted operating income before tax to rise to $160 million to $170 million in 2026, and over time to about $200 million annually.

Reinsurance Group expects the deal to close in the middle of 2025.