Unum Group Announces $3.4 Billion Long-Term Care Reinsurance Transaction with Fortitude Re
Unum Group (UNM)
Last unum group earnings: 2/4 04:15 pm
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Source: Business Wire
Reinsuring $3.4 billion of statutory long-term care (LTC) reserves, representing 19% of total LTC statutory reservesCeding a portion of multi-life individual disability insurance (IDI) business, representing 20% of Unum US in-force IDI premiumTotal transaction expected to drive $100 million capital benefit to UnumSignificant step in reducing exposure to legacy LTC business CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Unum Group (NYSE: UNM) announced today that its Unum Life Insurance Company of America subsidiary (Unum America) has agreed to enter into an agreement to cede to Fortitude Reinsurance Company Ltd. (Fortitude Re), on a coinsurance basis, individual LTC insurance policies representing 19% of Unum's total LTC block and a quota share
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News
- Fortitude Re seals $4bn reinsurance deal with Taiyo Life [Yahoo! Finance]Yahoo! Finance
- Unum Group (NYSE:UNM): Among the Most Undervalued Insurance Stocks to Buy Now [Yahoo! Finance]Yahoo! Finance
- Unum Group (NYSE: UNM) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Unum (UNM) Up 4.6% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
- Unum Group (NYSE: UNM) was upgraded by analysts at Raymond James from a "market perform" rating to a "strong-buy" rating. They now have a $108.00 price target on the stock.MarketBeat
UNM
Earnings
- 2/4/25 - Miss
UNM
Sec Filings
- 3/4/25 - Form 4
- 3/4/25 - Form 4
- 3/4/25 - Form 4
- UNM's page on the SEC website