Unum Closes $3.8 Billion Long-Term Care Reinsurance Deal With Fortitude Re

Bitget2026/11/03 22:53

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Unum Group closed a long-term care reinsurance transaction with Fortitude Re covering $3.8 billion in statutory reserves.
The reinsured block comprises approximately 50,000 individual policies with about $4.5 billion in best estimate reserves.
Together with a 2025 transaction, the deal reduces the closed block footprint by more than $7 billion in long-term care statutory reserves.
The remaining long-term care block is predominantly group policies, supported by robust reserve margins.
Unum will continue servicing and administering the reinsured business.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Unum Group published the original content used to generate this news brief via Business Wire (Ref. ID: 20261103129264) on November 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Unum Closes $3.8 Billion Long-Term Care Reinsurance Deal With Fortitude Re

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