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News 2026-07-06 12:16 UTC

Unum Slashes Long-Term Care Exposure With $3.8 Billion Reinsurance Deal

Unum Group (NYSE: UNM ) said Monday it has agreed to reinsure $3.8 billion of long-term care (LTC) statutory reserves with Fortitude Reinsurance Company Ltd., marking another step in its strategy to reduce exposure to its legacy LTC business. The transaction covers approximately 50,000 individual LTC policies and repre