Unum closes $3.6B Fortitude Re reinsurance deal; $848M cost offsets disability gain

Filed April 29, 2026 · Period ending March 31, 2026 · Compared to 10-Q Apr 30, 2025 · ~1 min read

Key Changes

• high

  Fortitude Re reinsurance transaction closed July 2025, transferring $3.6B in liabilities ($3.3B long-term care, $305M disability). Company recognized $848M cost on LTC block, partially offset by $146M deferred gain on disability business.

  Note disclosures view on EDGAR →
• high

  Transaction generated $46.8M net realized investment loss and required $100M write-off of deferred acquisition costs on disability block. Final ceding commission of $442M came in $12M above initial $430M estimate.

  Note disclosures view on EDGAR →
• medium

  Company transferred $953M cash plus $3.2B in fixed maturity securities to Fortitude Re at closing. Fortitude Re carries A.M. Best A rating and established collateralized trust to secure obligations.

  Note disclosures view on EDGAR →