The transaction was effective December 31, 2021
The action aims to improve its risk profile and increase capital generation.
The deal closed on June 3, 2021, with an effective date of April 1, 2021.
CEO Manning expects its results to continue to be affected by COVID-19 in the short term.
HLAC, which has annuity liabilities of approx. £570m, intends to stop writing new business following the deal.
The addition increases the number of RGA directors to 12.
The life reinsurer also enjoyed steady growth in the period.
The additions aim to enhance RGA's board oversight as it seeks growth opportunities globally.
CEO Anna Manning says results were in line with or better than expectations despite COVID-19 impact.
The company says its long-term growth strategy could not be supported directly under RGA ownership.