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KioskNews
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Monday, October 5, 2026
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Seeking Alpha·United States·

Prismic Life announces $5B reinsurance agreement with Prudential Financial

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Tiyashi Datta

  • Prismic Life Holding Company on Monday announced an agreement with Prudential Financial (PRU) under which Prismic will reinsure about $5 billion of reserves backing USD-denominated Japanese whole life insurance policies originated by Prudential’s Japanese affiliates.
  • Prudential’s obligations to these policyholders will remain unchanged following the reinsurance arrangement, and Prudential will continue to administer the contracts.
  • The transaction expands Prismic’s growing reinsurance platform and builds on the existing relationship between Prismic and Prudential, including in-force and new business flow transactions now covering more than $22 billion of USD-denominated liabilities.
  • Press release

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