• Unum Group agreed to cede individual long-term care policies to Fortitude Re on a coinsurance basis, reinsuring USD 3.8 billion of statutory reserves.
• Deal covers about 50,000 policies; Unum will keep administration, including claims handling.
• Transaction cuts total LTC statutory reserves by 26%; combined with a 2025 deal, cumulative reduction is about 40%.
• Remaining LTC statutory reserves expected at about USD 11 billion; about 70% tied to group LTC policies.
• Closing targeted in 2026, subject to regulatory approvals; operating earnings impact expected to be limited.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Unum Group published the original content used to generate this news brief via Business Wire (Ref. ID: 202607060600BIZWIRE_USPR_____20260706_BW373836) on July 06, 2026, and is solely responsible for the information contained therein.