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Unum Closes $3.4 Billion Reinsurance Deal With Fortitude Re
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Unum Closes $3.4 Billion Reinsurance Deal With Fortitude Re
Jul 1, 2025 1:56 PM

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.

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