NYSE:UNMInsurance
Unum’s Long‑Term Care Reinsurance Deal Could Be A Game Changer For Unum Group (UNM)
In early July 2026, Unum Group announced that its Unum Life Insurance Company of America subsidiary agreed to cede approximately US$3.80 billion of statutory reserves tied to around 50,000 individual long-term care policies to Fortitude Reinsurance Company Ltd. on a coinsurance basis, while Unum retains policy administration.
This long-term care reinsurance deal marks a further step in shrinking Unum’s closed block exposure and aims to keep capital levels strong while limiting the impact on...