Fortitude Re Announces Long-Term Care and Individual Disability Insurance Reinsurance Agreement with Unum Group
Unum Group (UNM)
Last unum group earnings: 2/4 04:15 pm
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US:NYSE Investor Relations:
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Source: Business Wire
HAMILTON, Bermuda--(BUSINESS WIRE)--FGH Parent, L.P., (together with its subsidiaries, “Fortitude Re”), a leading global reinsurance company, today announced the signing of a reinsurance transaction between its subsidiary, Fortitude Reinsurance Company Ltd. (“FRL”) and Unum Life Insurance Company of America (“Unum”), a subsidiary of Unum Group (NYSE: UNM).Upon receipt of regulatory approvals and subject to satisfaction or waiver of certain other customary closing conditions, Unum will cede to FRL, effective as of January 1, 2025, $3.4 billion of individual long-term care (“LTC”) statutory reserves and approximately $120 million of Unum Group’s multi-life individual disability insurance (“IDI”) in-force premium. The cession represents 1
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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