WEST CHESTER, Pa.–(BUSINESS WIRE)–Venerable Holdings, Inc. (Venerable) is pleased to announce the completion of the acquisition of SunAmerica Asset Management, WEST CHESTER, Pa.–(BUSINESS WIRE)–Venerable Holdings, Inc. (Venerable) is pleased to announce the completion of the acquisition of SunAmerica Asset Management,

Venerable Successfully Acquires Investment Adviser and Closes Reinsurance Transaction

2026/01/05 20:00
3 min di lettura
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WEST CHESTER, Pa.–(BUSINESS WIRE)–Venerable Holdings, Inc. (Venerable) is pleased to announce the completion of the acquisition of SunAmerica Asset Management, LLC (SAAMCo) and the close of the reinsurance transaction involving The United States Life Insurance Company in the City of New York (USL), the final two components of the landmark agreement with Corebridge Financial, Inc. (Corebridge) announced in June 2025. Venerable previously announced the commencement of new business variable annuity flow reinsurance and completion of the $48bn reinsurance transaction with American General Life Insurance Company (AGL), an entity of Corebridge, in August 2025.

In acquiring SAAMCo, Venerable welcomes 53 employees to the organization and is celebrating a broader footprint with a new office in Houston and an expanded presence in New York City at One World Trade Center.

Tim Brown, President of Venerable Advisers, said, “We are thrilled to welcome our new colleagues from SAAMCo to our Venerable community. Their deep expertise will be invaluable as we continue to grow our investment adviser capabilities and offerings, and I’m confident their talent will help drive our collective success.”

With the closing of all three transactions, Venerable’s total assets under risk management will increase from $67bn to $118bn, on a pro forma basis as of March 31, 2025. In line with Venerable Advisers growth strategy, the acquisition of SAAMCo will more than triple assets under management across affiliated advisers to approximately $52bn.

“The successful close of all aspects of this landmark agreement marks a pivotal moment for Venerable,” said David Marcinek, Chairman and CEO of Venerable. “By expanding our capabilities as a leading provider of risk transfer solutions we are better positioned than ever to serve our insurance clients and the retirement sector more broadly.”

Citi and Wells Fargo Securities, LLC served as financial advisors, Milliman, Inc. as actuarial advisor, and Sidley Austin LLP as legal counsel to Venerable in connection with this transaction.

About Venerable and Venerable Investment Advisers

Venerable is a privately held company with business operations based in West Chester, Pennsylvania, Des Moines, Iowa and New York, NY. Venerable owns and manages legacy variable annuity business, including variable annuities acquired from other entities. Created by an investor group led by affiliates of Apollo Global Management, Inc., Crestview Partners, Reverence Capital Partners, and Athene Holding Ltd., Venerable is a business with well-established, strategic investors, experienced in successfully building and growing insurance businesses with patient, long-term capital.

Venerable Investment Advisers, LLC was established in 2023 and has overall responsibility for the management of mutual funds underlying Venerable Insurance and Annuity Company’s variable annuity products.

For more information, please visit www.venerable.com.

Contacts

Venerable
Allison Proud

Corporate Communications

+(610) 249-9730

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Turn lengthy earnings call transcripts into one-page insights using the Financial Modeling Prep APIPhoto by Bich Tran Earnings calls are packed with insights. They tell you how a company performed, what management expects in the future, and what analysts are worried about. The challenge is that these transcripts often stretch across dozens of pages, making it tough to separate the key takeaways from the noise. With the right tools, you don’t need to spend hours reading every line. By combining the Financial Modeling Prep (FMP) API with Groq’s lightning-fast LLMs, you can transform any earnings call into a concise summary in seconds. The FMP API provides reliable access to complete transcripts, while Groq handles the heavy lifting of distilling them into clear, actionable highlights. In this article, we’ll build a Python workflow that brings these two together. You’ll see how to fetch transcripts for any stock, prepare the text, and instantly generate a one-page summary. 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