Benzinga | May 11, 2021 05:06PM EDT

Equitable Holdings Announces Regulatory Approval For Legacy Variable Annuity Reinsurance Transaction With Venerable

Equitable Holdings, Inc. (NYSE:EQH) today announced that it received all required regulatory approvals for its legacy variable annuity reinsurance transaction with Venerable Insurance and Annuity Company.

The Company expects the transaction to close in the second quarter of 2021.