Allianz Reinsures $35 Billion of Fixed Indexed Annuities

On December 3, 2021, Allianz SE (Allianz) announced that its principal U.S. life insurer, Allianz Life
Insurance Company of North America (ALNA), entered into separate agreements with Talcott Resolution
Life Insurance Company (TRL) and Resolution Life Group Holdings LP (Resolution Life) to reinsure a total
of $35 billion in fixed indexed annuity reserves.