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    Home » Dai-ichi Life to Transfer $9.7 Billion in Insurance Blocks to US Firm
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    Dai-ichi Life to Transfer $9.7 Billion in Insurance Blocks to US Firm

    insurancejournalnewsBy insurancejournalnewsMarch 7, 2025No Comments1 Min Read
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    Dai-ichi Life Holdings Inc. has announced that a U.S. subsidiary has agreed to transfer insurance blocks amounting to about $9.7 billion in policy reserves. The transfer is intended to improve the company’s earnings.

    Protective Life Corp., a wholly-owned subsidiary of Dai-ichi Life based in Birmingham, Alabama, will cede the blocks to Resolution Life Group Holdings Ltd., a reinsurance firm. The Tokyo-based insurer anticipates an improvement in its adjusted profit of approximately $30–40 million in the medium to long term due to the transaction, according to a company statement.

    Dai-ichi Life insurance Protective Life Corp reinsurance Resolution Life Group Holdings Ltd
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    Property Manager Criticizes Citizens Insurance

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