{"url":"https://newsforagent.com/news/2026-11-03/unum-group-long-term-care-reinsurance-close","markdown_url":"https://newsforagent.com/news/2026-11-03/unum-group-long-term-care-reinsurance-close.md","title":"Unum Group Closes Reinsurance on $3.8 Billion LTC Reserves","headline":"Unum Group Closes Reinsurance Covering $3.8 Billion in Long-Term Care Reserves","description":"Unum Group closed a reinsurance transaction covering about 50,000 individual long-term care policies.","section":"Divestitures","published_at":"2026-11-03T23:30:02+00:00","modified_at":"2026-11-03T23:30:02+00:00","author":"News Desk","key_takeaways":["Unum Group closed a reinsurance transaction covering approximately 50,000 individual long-term care policies.","The reinsured block carries $3.8 billion in statutory reserves and approximately $4.5 billion in best estimate reserves.","Unum retains service and administration duties on the reinsured business.","Two transactions have reduced Unum's long-term care reserves by more than $7 billion."],"companies":[{"name":"Unum Group","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0000vcl/unum-group","website":"http://www.unum.com"}],"source":{"publisher":"TradingView","title":"Unum Group (UNM) Closes Reinsurance Covering $3.8B in Statutory Reserves","url":"https://www.tradingview.com/news/tradingview:efbe909511a8c:0-unum-group-unm-closes-reinsurance-covering-3-8b-in-statutory-reserves/"},"other_sources":[],"tags":["Divestitures","Unum Group"],"body_markdown":"Unum Group closed a previously announced reinsurance transaction covering approximately 50,000 individual long-term care policies, with $3.8 billion in statutory reserves and approximately $4.5 billion in best estimate reserves. [TradingView](https://www.tradingview.com/news/tradingview:efbe909511a8c:0-unum-group-unm-closes-reinsurance-covering-3-8b-in-statutory-reserves/) reported the closing on November 3, 2026, citing the company's release distributed by BusinessWire.\n\n## What Unum's Long-Term Care Reinsurance Covers\n\n[Unum Group](https://akta.pro/company-profiles/0000vcl/unum-group) is a workplace benefits insurer based in Chattanooga that offers disability, life, accident, critical illness, hospital, dental, vision and pet insurance, according to akta.pro [company records](https://akta.pro/company-data). The company said the reinsured block comprises approximately 50,000 individual long-term care policies, with $3.8 billion of statutory reserves and approximately $4.5 billion of best estimate reserves.\n\nUnum said the transaction is part of its ongoing closed-block strategy. The company said it retains service and administration duties on the reinsured business, so the arrangement transfers reinsurance risk while Unum continues to service the policies.\n\nUnum said two transactions have reduced its long-term care reserves by more than $7 billion. The release provides no prior-period comparison for the reserve figures.\n\n## Unum's Capital Return After Fortitude Re\n\nCompany records show Unum approved a roughly 10% increase in its quarterly dividend to 50.5 cents per share, effective in the third quarter of 2026, on top of a $1 billion share repurchase program effective January 2026. The same records describe the capital return as following the Fortitude Re de-risking. Unum reported full-year 2025 revenues of $13.1 billion, with a projected 2029 revenue estimate of $13.3 billion.\n\n## Unum's Third Quarter Loss and Ratings\n\nUnum Group reported a net loss of $419.7 million for the third quarter of 2026, with after-tax adjusted operating income of $349.0 million, according to FinancialContent Business Page. The loss included an $853 million investment impairment and a $135.6 million Closed Block operating loss.\n\nAM Best affirmed Unum Group's financial strength rating of A and long-term issuer credit ratings of a+ for its core U.S. life/health subsidiaries, with stable outlooks, Stock Titan reported in September 2026.\n\n## Unum's November 4 Conference Call\n\nUnum set a conference call for November 4, 2026, following its third quarter 2026 results release on November 3, 2026, at 4:15 p.m. ET, Stock Titan reported.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}