06:43 AM EDT, 07/06/2026 (MT Newswires) -- Unum ( UNM ) signed a $3.8 billion reinsurance deal with Fortitude Re covering an individual long-term care block, Fortitude Re said Monday.

The transaction covers about $3.8 billion of statutory reserves, or about $4.5 billion of Unum's ( UNM ) best estimate reserves.

Under the agreement, Unum ( UNM ) will continue servicing the policies, while Fortitude Re will retrocede the long-term care insurance risks to a global reinsurance partner, Fortitude Re added.