MetLife explores sale of variable annuity business – sources

February 15, 2022 by David French

NEW YORK, Feb 11 (Reuters) – MetLife Inc (MET.N) is exploring the divestment of its U.S. variable annuity book as it seeks to free up resources to invest in higher-growth parts of its business, people familiar with the matter said.

The New York-based insurer is working with an investment bank on the plan, which is in its early stages, the sources said, cautioning that no deal is certain.

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Wink’s Note: Another company that was aggressive in the VA living benefits wars is looking at selling their inforce annuity block. MetLife will no doubt have many suitors. -sjm

Originally Posted at Reuters on February 11, 2022 by David French.