Prudential and RGA entrusted to fulfill $5.9 billion in pension promises for Verizon
Prudential Financial, Inc. ( NYSE: PRU ) and Reinsurance Group of America, Incorporated ( NYSE: RGA ) have been selected in a pension risk transfer involving Verizon Communications Inc.
- Prudential Financial, Inc. ( NYSE: PRU ) and Reinsurance Group of America, Incorporated ( NYSE: RGA ) have been selected in a pension risk transfer involving Verizon Communications Inc.
- Prudential and RGA, organizations with a long history of providing lifetime income to individuals, are well positioned to meet this commitment.
- The transaction marks the second major pension risk transfer agreement between Prudential and Verizon.
- Prudential revolutionized the modern pension risk transfer market with its pioneering pension buyouts with General Motors and its first transaction with Verizon in 2012.