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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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 19% of Unum Group’s total LTC block and 20% of its in-force IDI premium.Unum will continue to service and administer the reinsured policies. Simultaneously with the closing of the reinsurance transaction with Unum, FRL will enter into an agreement to
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News
- Unum Group (NYSE:UNM) had its "market perform" rating reaffirmed by analysts at Citigroup Inc..MarketBeat
- Unum Group (NYSE:UNM) was given a new $85.00 price target on by analysts at Morgan Stanley.MarketBeat
- Unum Group's Board of Directors Authorizes $1 Billion Share Repurchase Program [Yahoo! Finance]Yahoo! Finance
- Unum Group’s Board of Directors Authorizes $1 Billion Share Repurchase ProgramBusiness Wire
- Unum Group (UNM): Assessing Valuation After Recent Share Price Softness [Yahoo! Finance]Yahoo! Finance
UNM
Earnings
- 11/3/25 - Miss
UNM
Sec Filings
- 12/18/25 - Form S-8
- 12/11/25 - Form 4
- 12/9/25 - Form 144
- UNM's page on the SEC website