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Unum Group Cuts Long-Term Care Risk With $3.8B Reinsurance Deal

UNM
Company FundamentalsBanking & Liquidity
Unum Group Cuts Long-Term Care Risk With $3.8B Reinsurance Deal

Unum Group (UNM) agreed to reinsure an additional portion of its long-term care insurance liabilities, its third major external reinsurance transaction and second long-term care-related deal. The update signals ongoing risk/claims-liability management, but no financial amounts or guidance changes were provided.

Analysis

Unum Group (UNM) agreed to reinsure an additional portion of its long-term care insurance liabilities, its third major external reinsurance transaction and second long-term care-related deal. The update signals ongoing risk/claims-liability management, but no financial amounts or guidance changes were provided.

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