Manulife Financial Corporation (MFC) has inked a $5.4 billion reinsurance agreement with Reinsurance Group of America (RGA) . This strategic move is intended to optimize the portfolio and release capital to distribute wealth to its shareholders.  The deal is priced at 11.4 times the core earnings multiple and bears testimony to its prudent LTC reserves and assumptions.Per the transaction, Manulife has reinsured its $2.4 billion of long-term care (LTC) reserves by RGA on a full-risk transfer basis. This repr ...