Globally, Legal & General has been in the Pension Risk Transfer business for over 30 years.
Our parent company, Legal & General Group Plc, was established in 1836 and is one of the world’s leading financial services companies. They’ve been in the PRT market for over 35 years and have written over 3,500 transactions globally, amassing a global annuity portfolio of $88 billion and servicing over one million annuitants annually.
Legal & General Group leveraged its expertise and long history to expand its reach globally. The US operations now include pensions risk management, investment management and life insurance.
Legal & General America is the unified US brand that includes the PRT and insurance divisions, both of which write business through Banner Life Insurance Company and William Penn Life Insurance Company of New York. Banner Life and William Penn operate as the twin engines of the Legal & General America machine, administering and delivering the highest level of products and customer service. Banner Life operates in 49 states, D.C., and Puerto Rico, while William Penn operates in New York.
Who is LGRA?
Legal & General Retirement America, or LGRA, is the Pension Risk Transfer (PRT) division of Legal & General America. Founded in 2015 and headquartered in Stamford, Connecticut, we have successfully brought Legal & General’s global asset management strength, longevity expertise and track record of effective execution to the US.
To learn more about our pension de-risking business in the UK
What sets LGRA apart
entered the US PRT market
deals written as of 06/30/23
total premium written as of 06/30/23
Our purpose is to secure the retirement of the people we serve and positively impact our communities.
Financial strength ratings
Our Leadership Team
Interested in working with us?
At LGRA, we work together with our clients to ensure a secure financial future for their plan members. We’re always looking for new talent to join our team.
Reach out to [email protected] with any questions.