Unum: Progress In LTC Creates Room For More Upside
Portfolio Pulse from
Unum Group's shares have risen over 50% in the past year due to strong core business performance and favorable developments in long-term care exposure. A reinsurance deal with Fortitude Re reduced LTC risk by 20%, providing a $100 million benefit.
March 14, 2025 | 2:45 pm
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Unum Group's shares have increased significantly due to strong business performance and a strategic reinsurance deal with Fortitude Re, which reduced LTC risk by 20% and provided a $100 million benefit.
The reinsurance deal with Fortitude Re significantly reduced Unum's LTC risk, providing a substantial financial benefit. This, combined with strong core business performance, has driven a 50% increase in share price over the past year, indicating positive investor sentiment and potential for further upside.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100