October 21, 2021
NLGroup Secures 750M of Contingent Capital
Supporting our goal of bringing Peace of Mind to 2 million clients.
Last week we executed on a historic transaction that fuels our growth to 2 million delighted customers.
We opportunistically secured access to $750 million of low-cost contingent capital well into the future—for 30 years. We took advantage of historically favorable economic conditions to further strengthen our mission of keeping our promises.
This transaction is a unique source of capital that we can draw down and pay back at our discretion over the next 30 years. We are only the 7th life insurer to structure one of these facilities. Past issuers have included Prudential, Lincoln Financial and Mass Mutual.
The success of this transaction continues to point to the strength and stability of our company, the effectiveness of our strategy and the brightness of our future. This is validation of all of our hard work.
