Presentation I'd now like to turn the call over to Matt Royal, Investor Relations. You may begin. Thank you for standing by, and welcome to the Unum Closed Block Update Conference Call. [Operator Instructions] J. Royal Senior Vice President of Investor Relations & Treasury Thank you, and good morning. I hope everyone had a good holiday weekend. Earlier today, Unum announced we have entered into an agreement to cede a portion of Long-Term Care policies effective April 1, 2026. The transaction is expected to ...

July 6, 2026 12:31 PM GMT Unum Group | North America M Update Another Step Ahead What happened: This morning, Unum announced the reinsurance of $3.8 billion of individual LTC reserves to Fortitude Re, reducing total LTC reserves from $14.8 billion to $11.0 billion (26% of total LTC reserves or 52% of individual LTC reserves). Combined with the LTC reinsurance in February 2025 ($3.4 billion LTC reserves), Unum will have reduced its LTC reserves by ~40%. The reinsured block includes 50,000 policies with an av ...

Unum Group (NYSE:UNM) M&A announcement July 06, 2026 08:00 AM ET Speaker5 Thank you for standing by, and welcome to the Unum Close Block Update conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number 1 on your telephone keypad. If you would like to withdraw your question, again, press star 1. Thank you. I'd now l ...

交易概述 - 全球再保险公司 Fortitude Re 通过其子公司 Fortitude Reinsurance Company Ltd. (FRL) 与 Unum Group 的子公司 Unum Life Insurance Company of America 签署了一项价值38亿美元的长期护理保险再保险交易 [1] - 该交易是 Unum 公司封闭区块战略的又一重要进展，旨在进一步减少其对传统长期护理保险业务的风险敞口 [5] 交易标的与结构 - 再保险标的为 Unum 从其全资子公司 Fairwind Insurance Company 收回的约50,000份个人长期护理保险保单 [3] - 该笔业务的法定准备金约为38亿美元，最佳估计准备金约为45亿美元 [3] - 交易完成后，Unum 将继续为该再保险业务提供服务和管理，包括理赔处理和保费费率上调计划管理 [4] 对 Unum 的影响 - 交易完成后，Unum 剩余的长期护理保险法定准备金预计约为110亿美元 [4] - 剩余准备金中约70%用于支持团体长期护理保险保单，其福利结构通常比个人保单更基础 [4] - 结合2025年的再保险协议，这两笔外部交易将通过再保险转移超过70亿美元的长期护理保险法定准备金，显著缩小了公司封闭区块的规模和风险状况 [6] 财务与资本影响 - 交易资金将来源于 Fairwind 的过剩资本、控股公司流动性以及未来的税收优惠融资 [7] - 交易完成后，Unum 预计将保持强劲的资本状况，目标是在2026年底实现15亿至20亿美元的流动性，杠杆率约为25%，风险资本比率在400%至425%之间 [7] - 对运营收益的影响预计仅限于与交易相关的利息支出和放弃的投资收入 [7]

$3.8 Billion LTC External Reinsurance Transaction Executing on our Closed Block Strategy July 6, 2026 SAFE HARBOR STATEMENT Certain information in this presentation constitutes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward- looking statements are those not based on historical information, but rather relate to our outlook, future operations, strategies, financial results, or other developments and speak only as of the date made. These forward ...

交易概述 - Unum Group 旗下子公司 Unum Life Insurance Company of America 已达成协议，将部分个人长期护理保险保单分保给 Fortitude Reinsurance Company [1] - 被分保的保单代表了 38 亿美元的法定准备金 [1] 交易细节 - 该交易预计将完成 [1]

核心交易 - Fortitude Re宣布与Unum Group签署一项价值38亿美元的长期护理再保险协议 [1] - 交易主体为Fortitude Re的子公司Fortitude Reinsurance Company Ltd与Unum Group的子公司Unum Life Insurance Company of America [1] - 该交易是继去年成功合作后，双方合作的进一步深化 [2] 交易结构与细节 - 在获得监管批准并满足惯常交割条件后，Unum将从其全资子公司Fairwind Insurance Company收回一个长期护理保险业务块 [2] - 该业务块在Fairwind账面上代表约38亿美元的法定准备金，或约45亿美元的Unum最佳估计准备金 [2] - 随后Unum将该业务块分保给Fortitude Reinsurance Company Ltd [2] - Unum将继续为这些被再保险的保单提供服务和行政管理 [3] - 在与Unum的交易交割同时，Fortitude Reinsurance Company Ltd将签署协议，将100%的长期护理保险风险转分保给一家高评级的全球再保险合作伙伴 [3] - 因此，Fortitude Re将仅保留与该业务块相关的底层利差风险 [3] 公司背景与战略 - Fortitude Re是一家领先的全球再保险公司，拥有超过1000亿美元的储备金 [5] - 公司由包括凯雷集团和T&D保险集团在内的世界级投资者支持 [5] - 公司采用以人为本的文化，旨在为客户、合作伙伴及保单持有人创造持久价值 [5] - 管理层表示，此次协议体现了其以客户为中心的方法，能够提供高度定制化的解决方案以满足客户需求 [4] - 管理层亦感谢战略合作伙伴凯雷集团的投资专长，帮助其优化支持客户承诺的投资的风险调整后回报 [4] 其他公司动态 - Fortitude Life Insurance & Annuity Company完成了面向机构投资者的第二笔融资协议支持票据发行，规模为5亿美元，预计于2026年6月12日结算 [8] - 公司通过其Fortitude Re 4 Good社区合作项目，向Educational Arts Team捐赠了20万美元，以支持泽西城及周边社区的创意学习 [9] - 公司通过同一项目，向Cumberland River Compact捐赠了20万美元，以支持环境教育，并在一次志愿者植树活动中进行了捐赠 [10]