Unum Group announces $3.8B LTC reinsurance deal with Fortitude Re, covering 26% of total LTC reserves

Unum Group

Reinsures $3.8B of LTC statutory reserves (26% of total, 52% of individual LTC) as of March 31, 2026.
Combined with 2025 transaction, cumulative reduction in LTC statutory reserves ~40%.
Transaction covers 100% of remaining individual LTC policies previously reinsured to Fairwind.
Expected to close in 2026; year-end 2026 holding co liquidity $1.5-2.0B, leverage ~25%, RBC 400-425%.
Impact on operating earnings limited to foregone investment income and incremental interest expense.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.