NYSE:UNMInsurance
Unum Group (UNM) Strikes Fortitude Re Deal, Is It Still Below Fair Value?
Why Unum Group stock is in focus after the Fortitude Re deal
Unum Group (UNM) has drawn fresh attention after announcing a long term care reinsurance agreement with Fortitude Re that covers US$3.8b of statutory reserves tied to roughly 50,000 individual policies.
The move is part of Unum Group’s ongoing closed block risk reduction plan. This transaction and a prior 2025 deal together transfer more than US$7b of long term care statutory reserves through external reinsurance arrangements.
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