Delaware Life Insurance Company reached a major milestone in its inaugural year in the pension risk transfer (PRT) business, successfully supporting plan sponsors in completing over $1 billion in transactions. This impressive achievement underscores the company’s commitment to delivering innovative solutions and expanding its presence in the institutional market.
PRT enables companies to transfer their pension obligations to a life insurance carrier, offering greater security for plan participants and increased financial flexibility for sponsors. We entered the PRT market in 2025, further strengthening our institutional product capabilities and diversifying our business beyond our core retail annuity offerings.
“This accomplishment marks a significant step forward as we continue to diversify our business and build our reputation in this growing space,” said Aaron Kinakin, Head of Institutional Markets. “Thank you to the consultants, plan sponsors, and colleagues who made this milestone possible. We’re just getting started.”
Just recently, the Delaware Life team hosted its first PRT Summit in Zionsville, Indiana, celebrating a strong inaugural year as a new market entrant and setting the stage for the team’s ambitious goals in 2026.
