“The pipeline continues to be pretty active and pretty robust, as Michel mentioned.”

In context

“re also very disciplined and whatever we do has to make strategic sense for us as well. Andrew Kligerman: And then with regard to pension risk transfer, I think you said you did 3 deals of $2-plus billion. Maybe a little color around the pipeline. It seems like there are a lot of new players in pension risk transfer that we didn't see 3 years ago. So do you think that pipeline will continue to be robust and that we'll have quarters like this one. Ramy Tadros: Andrew, it's Ramy here. I mean, as you know, the activity in the first half of the year was pretty substantial in the PRT space. Year-to-date, we've written $3.8 billion worth of deals, and that comes after a successful fourth quarter where we roll $3.6 billion worth of deals. So that's cumulatively about $7.5 billion year-over-year. The pipeline continues to be pretty active and pretty robust, as Michel mentioned. And we are focused on a specific part of that pipeline where we enjoy our own kind of set of competitive advantages, namely the jumbo end of the plans, and there are fewer competitors there. When you go down size, clearly, there are more competition and more providers, but where we play, it's another set of competitors because of the size of the transactions that we bid for. Operator: And ladies and gentlemen, we will now turn the conference back to the CEO, Michel Khalaf. Michel Khalaf: Thank you all for joining us this morning. I know it's a busy morning. Our second quarter results add to MetLife's track record of consistent, strong performance and provide further evidence of the strength and momentum of our well-diversified, market-leading businesses. With our clarity of purpose, a c”