Unum closes reinsurance deal ceding $3.4B in LTC reserves and $120M disability premium to Fortitude Re

Unum Group

Closed coinsurance transaction effective Jan 1, 2025; recorded as of July 1, 2025.
Ceded 100% quota share of $3.4 billion in long-term care statutory reserves.
Also ceded 100% quota share of individual disability business with ~$120 million in-force premium.
Transaction previously announced on Feb 26, 2025 under Master Transaction Agreement.
Reinsurer is Fortitude Reinsurance Company Ltd., a Bermuda-based reinsurer.

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