MetLife finalizes a $10 billion variable annuity risk transfer to Talcott Resolution, reducing portfolio risk and managing legacy business blocks. MetLife Investment Management oversees $6 billion in assets under this strategic deal.

Milliman's 2025 research reveals variable annuity surrender rates with GLWB riders more than doubled since 2022 amid rising interest rates and FIA competition, signaling shifting policyholder behavior and risk management challenges for life insurers.