What Talcott Financial Group does

Talcott Financial Group is a privately held international life insurance and reinsurance group headquartered in Hartford, Connecticut, with offshore operating hubs in Bermuda and the Cayman Islands. The company traces its origin to Hartford Life Insurance Company (incorporated 1902) and was re-established as Talcott Resolution in 2018 following a divestiture from The Hartford, then acquired by funds managed by Sixth Street in 2021 and rebranded as Talcott Financial Group in 2022. It manages approximately $135 billion in assets across multiple NAIC-registered US life and annuity carriers (Talcott Resolution Life Insurance Company, Talcott Resolution Life and Annuity Insurance Company, American Maturity Life Insurance Company, Talcott Resolution International Life Reassurance Corporation) and offshore reinsurance vehicles (Talcott Life Re, TR Re in Bermuda; Talcott Life & Annuity Re SPC in the Cayman Islands). The company operates two primary business lines. On the institutional side, Talcott provides block reinsurance, coinsurance, and bespoke risk transfer solutions to insurance company cedents seeking to manage legacy in-force portfolios, release regulatory capital, and transfer longevity and actuarial risk — its largest disclosed relationship is with Japan Post Insurance, totaling approximately JPY 650 billion (~$4.225 billion) in reinsured payout annuities as of March 2026, alongside a coinsurance agreement with Aflac Re Bermuda. On the retail side, the company launched three US retail annuity products in 2025 — EverGuard Assurance 10 (FIA), EverGuard Aspire Series (FIA), and EverStead MYGA — distributed through financial professionals and a technology-enabled client and producer portal. The investment platform is described as an open-architecture, multi-manager model with sophisticated asset-liability management capabilities, supported by in-house actuarial and investment management teams. Revenue is generated primarily through reinsurance premiums, annuity premium assumption, risk transfer fees, and net investment income on the $135B asset base. Investment-grade financial strength ratings from AM Best (A-), Fitch (A-), Moody's (Baa1), and S&P (BBB+) underpin the company's ability to underwrite new blocks and retail liabilities.

Name

Talcott Financial Group

Legal name

Talcott Financial Group, Ltd.

Website

https://talcott.com

Company type

Private

Founded year

1902

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Talcott Financial Group is a Sixth Street-owned international life insurance and reinsurance group managing $135 billion in assets, providing block reinsurance and risk transfer solutions to insurance companies while distributing retail annuities (FIA and MYGA) in the United States.

Ownership category

akta.pro rank

Product category

Life Insurance & Reinsurance

NAICS

Direct Life Insurance Carriers (524113), Insurance Carriers (5241)

SIC

Life Insurance (6311), Insurance Carriers, Nec (6399)

akta.pro primary industry

Structured Settlement Annuities (FSAIACAJ)

akta.pro secondary industry

Participating (Dividend) Whole Life Insurance (FSAIABAI)

Keywords

• Life reinsurance
• Fixed indexed annuities
• Block reinsurance solutions
• Risk transfer transactions
• Pension risk transfer

Headquarters

HQ city

Hamilton

HQ country

Bermuda

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Annuity Premiums: Revenue generated from retail annuity products including Fixed Indexed Annuities (EverGuard) and Multi-Year Guaranteed Annuities (EverStead MYGA) sold to individuals planning for retirement
2. Reinsurance Premiums: Revenue from reinsurance arrangements with insurance companies, including block reinsurance transactions where Talcott assumes long-term liabilities and associated assets. Examples include Japan Post Insurance deals totaling JPY650 billion
3. Risk Transfer Solutions: Fees and premiums from bespoke risk transfer structures, including reinsurance agreements and legal entity acquisitions for institutional clients seeking to manage their risk profiles

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

Talcott Financial Group is an international life insurance group that provides two core offerings: (1) retail retirement annuity products (Fixed Indexed Annuities under the EverGuard brand and Multi-Year Guaranteed Annuities under the EverStead brand) sold to individuals through financial professionals and a technology-enabled platform; and (2) institutional reinsurance, coinsurance, block reinsurance, and bespoke risk transfer solutions for life insurance companies, including legal entity acquisitions to manage legacy portfolios and capital burdens.

Product overview

Talcott Financial Group operates as an international life insurance group offering two primary lines of business: retirement solutions for individuals and institutional solutions for insurance companies. Their retail retirement solutions include three named annuity products sold through a technology-enabled platform: EverGuard℠ Assurance 10 (Fixed Indexed Annuity), EverGuard℠ Aspire Series (Fixed Indexed Annuity), and EverStead℠ MYGA (Multi-Year Guaranteed Annuity). These products are designed for principal protection and retirement income. On the institutional side, Talcott provides reinsurance, legal entity acquisition, and bespoke risk transfer solutions to help insurance companies manage legacy portfolios, reduce capital burdens, and effectively manage risk profiles.

Differentiator

Problem solved

Functional benefit

Brands

• EverGuard℠ Assurance 10: Fixed Indexed Annuity product designed for principal protection and retirement income.
• EverGuard℠ Aspire Series
• EverStead℠ MYGA
• Talcott Resolution

Products and services

• EverGuard℠ Assurance 10 A Fixed Indexed Annuity product designed for principal protection and retirement income, sold through financial professionals via a technology-enabled platform and producer portal.
• EverGuard℠ Aspire Series A Fixed Indexed Annuity product line designed for principal protection and retirement income planning, distributed through financial professionals.
• EverStead℠ MYGA A Multi-Year Guaranteed Annuity product designed for principal protection and retirement income, providing fixed rate guarantees over multiple years, distributed through financial professionals.
• Block Reinsurance Solutions Block reinsurance arrangements where Talcott assumes long-term liabilities and associated assets from insurance companies to help manage legacy in-force portfolios and reduce capital burdens.
• Bespoke Risk Transfer Solutions Customized reinsurance and risk transfer structures, including coinsurance agreements and legal entity acquisitions, designed for institutional clients seeking to manage capital efficiency, off-balance-sheet risk transfer, and regulatory compliance.

Quantifiable outcome

• JPY 650 billion ($4.225 billion) reinsurance portfolio with Japan Post Insurance
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered flagship and major.

• Japan Post InsuranceflagshipStrategic or Co-development Partner · 31 March 2026Japan Post Insurance has an expanded block reinsurance agreement with Talcott Re, adding JPY 100 billion ($625 million) in in-force payout annuities, bringing the combined relationship to approximately JPY 650 billion ($4.225 billion). Both deals are effective March 31, 2026.
• Aflac Re BermudamajorStrategic or Co-development Partner · 31 March 2026Aflac Re Bermuda entered a coinsurance agreement for whole life annuities with Japan Post Insurance, with Talcott also participating in related reinsurance arrangements. This represents Aflac Re's first transaction with an external counterparty.

Scale indicators8 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Athene Holding: Athene (Apollo's retirement services platform) is the closest direct peer—PE-backed, Bermuda-domiciled reinsurance and annuity franchise that originated the modern flow reinsurance/block reinsurance model. Talcott's leadership includes Athene co-founder Stephen Cernich and other Athene alumni, reflecting a directly comparable operating model.
• Global Atlantic Financial Group: Global Atlantic is a KKR-backed life and annuity insurer/reinsurer with a similar playbook: institutional block reinsurance plus retail annuity product scaling via both KKR capital and an open architecture investment platform. Directly comparable mix of retirement solutions and institutional risk transfer.
• Reinsurance Group of America (RGA): RGA is one of the largest pure-play life and health reinsurers globally with multi-jurisdictional operations. Directly comparable in offering block reinsurance, coinsurance, and longevity solutions to life insurance carriers across the US, EMEA, and APAC.
• SCOR SE: SCOR is a top-tier global reinsurer with substantial life and annuity reinsurance operations through SCOR Global Life. Direct peer in life reinsurance transactions and longevity risk transfer services to primary life carriers.
• Brighthouse Financial: Brighthouse Financial is a US-focused annuity and life insurance company that emerged from MetLife and sells fixed, fixed indexed, and variable annuity products through financial professionals. Directly comparable retail annuity product suite.

Broad incumbents

• Munich Re: Munich Re is one of the world's largest reinsurers with significant life and health reinsurance (Munich Re Life) operations. Overlaps with Talcott on life reinsurance and longevity risk transfer but at far greater scale and broader product diversification.
• Hannover Re: Hannover Re is a leading global reinsurer with comprehensive life and health reinsurance capabilities. Broad incumbent overlap on life reinsurance transactions while operating at greater scale and geographic breadth than Talcott.
• Prudential Financial (US Retirement Strategies): Prudential's US Retirement Strategies group sells individual annuities (fixed, indexed, variable) and conducts pension risk transfer and reinsurance transactions. Broad incumbent overlap with Talcott across retail annuities and institutional risk transfer.

Emerging players

• Fidelis Insurance Holdings: Fidelis is a Bermuda-domiciled specialty insurer/reinsurer with PE backing that has built a multi-line reinsurance franchise including participation in flow and block reinsurance transactions. Comparable as a PE-backed specialty reinsurer using Bermuda vehicles.
• Equitable Holdings: Equitable Holdings is a US life and annuity issuer (with AllianceBernstein) focused on retirement solutions including indexed annuities and structured products. Comparable retail annuity distribution via financial professionals with growing focus on institutional reinsurance.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/talcott

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Talcott Financial Group