Venerable Holdings, Inc. Strikes Landmark Agreement with Corebridge Financial, Inc.

▤ Summary

Venerable Holdings announced a major agreement with Corebridge Financial to reinsure about $51 billion of variable annuity business. The deal will expand Venerable’s assets under risk management and increase its separate account value significantly. Venerable will also acquire Corebridge’s investment adviser, SunAmerica Asset Management, and bring over a supporting team. The transactions are expected to close in the second half of 2025, subject to customary approvals and conditions.

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