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Get filing alertsUnum closes $3.6B Fortitude Re reinsurance deal; books $848M cost on long-term care block
Filed April 29, 2026 · Period ending March 31, 2026 · Compared to 10-Q Apr 30, 2025 · ~1 min read
Key Changes
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Fortitude Re reinsurance transaction closed July 2025, transferring $4.2B in cash and securities. Company recognized $848.2M cost of reinsurance on closed-block long-term care and $145.9M deferred gain on individual disability business.
Other: Fortitude Re transaction closure view on EDGAR → -
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Final ceding commission of $442.3M slightly exceeded baseline estimate of ~$430M. Transaction resulted in $46.8M net realized investment loss for full year 2025, replacing Q1 2025's $152.4M impairment loss disclosed in prior filing.
Other: Final transaction economics view on EDGAR → -
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Reinsurance recoverable of $3.6B established, comprising $3.3B for closed-block long-term care and $305.3M for individual disability. Fortitude Re carries A rating from A.M. Best and established collateralized trust account.
Other: Reinsurance recoverable and credit quality view on EDGAR →
1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · Jun 21, 2026 · How we verify