Unum Group Closes $3.8 Billion Long-Term Care Reinsurance Transaction with Fortitude Re
Business Wire•03/11/2026•17:53 ET
0
Key Highlights
- ➤$3.8 billion statutory reserves reinsured through Fortitude Re transaction
- ➤Reinsured block includes approximately 50,000 individual LTC policies
- ➤Unum’s remaining LTC block is predominantly group policies with robust reserve margins
- ➤Two external transactions reduced closed-block LTC reserves by more than $7 billion
Unum Group Closes $3.8 Billion Long-Term Care Reinsurance Transaction with Fortitude Re
Unum Group (NYSE: UNM) announced today that its Unum Life Insurance Company of America subsidiary (Unum America) closed its previously announced reinsurance transaction with Fortitude Reinsurance Company Ltd. (Fortitude Re). As a part of the transaction, Fortitude Re will retrocede biometric risk to a highly rated global reinsurer. Unum will continue to provide service and administration for the reinsured business.
Get started
Create a free account to read the full story.