MassMutual has entered into an agreement with Nationwide for the reinsurance of a block of fixed universal life with secondary guarantees (ULSG) policies representing nearly $6bn of statutory reserves.
The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions and regulatory approval requirements.
“This transaction creates capital and other economic benefits that support our continued investment in long-term growth as we deliver value to our policyowners and seek to help even more people secure their future and protect the ones they love,” said Mary Jane Fortin, CFO of MassMutual.
“We’re very pleased to have reached this mutually beneficial agreement with Nationwide as a strategic partner.”
