Unum Group Closes $3.8 Billion LTC Reinsurance Deal with Fortitude Re

Nov 3, 2026 11:01 PM

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Unum Group announced that its subsidiary, Unum Life Insurance Company of America, has finalized its long-term care reinsurance transaction with Fortitude Reinsurance Company Ltd. The reinsured block covers about 50,000 individual policies, involving $3.8 billion in statutory reserves and approximately $4.5 billion in best estimate reserves. This transaction represents a major milestone in Unum’s execution of its closed block strategy, following a similar reinsurance agreement executed earlier in 2025.

AI-generated summary

Unum Group said its Unum Life Insurance Company of America subsidiary, also known as Unum America, has closed its previously announced long-term care reinsurance transaction with Fortitude Reinsurance Company Ltd.

The reinsured block includes approximately 50,000 individual long-term care policies. It carries $3.8 billion in statutory reserves and approximately $4.5 billion in best estimate reserves.

Unum said the transaction marks significant progress in the execution of its closed block strategy. It follows the company’s previous long-term care reinsurance transaction in 2025.

This article may include AI-generated content that is human-reviewed, which is for reference and general information purposes only and does not constitute investment advice.

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