Legal & General’s US Pension Risk Transfer Business Nearing $2 Billion
29 Jun 2018
Legal & General today announced impressive growth metrics for its expanding US Pension Risk Transfer (PRT) business.
Legal & General's US PRT business combines over 30 years of PRT expertise in the UK with its proven US investment capabilities. It has amassed a global annuity book of nearly $80 billion as of December 31, 2017, and guarantees annuity benefits to over one million annuitants.
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We are very pleased with our growing success in the US and see great opportunity over the next several decades. We will continue to invest heavily in our international expansion and intend to be a major player as we steadily grow our position in the US market.
Nigel Wilson, CEO of Legal & General Group