04:34 PM EDT, 07/01/2025 (MT Newswires) -- Unum (UNM) said Tuesday its Unum America unit has closed its reinsurance deal with Fortitude Re.
Under the deal, Unum America will cede $3.4 billion of individual LTC reserves and about $120 million of IDI in-force premium to Fortitude Re, on a coinsurance basis, Unum said.
The deal is expected to generate about $100 million in capital benefit, the company said.