Unum Group shares are trading lower after the company announced a $3.8 billion coinsurance agreement with Fortitude Reinsurance to reduce exposure to its long-term care policies.

Unum Group

Unum Group

UNM

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Unum Group shares are trading lower after the company announced a $3.8 billion coinsurance agreement with Fortitude Reinsurance to reduce exposure to its long-term care policies.