Unum Group

NYSE:UNM   3:59:59 PM EDT
27.01
-0.71 (-2.56%)
Other Pre-Announcement

Unum Group Says Units To Reinsure Substantial Portion Of Closed Individual Disability Insurance Block Business To Subsidiary Of Global Atlantic

Published: 12/17/2020 12:27 GMT
Unum Group (UNM) - Unum Group - Units to Reinsure Substantial Portion of Closed Individual Disability Insurance Block Business to Subsidiary of Global Atlantic.
Unum Group - Expects to Release Approximately $600 Million of Capital Backing Block.
Unum Group - Will Retain Multi-life Idi Block.
Unum Group - Total Net Considerations to Be Paid to Global Atlantic's Subsidiary at Closing of First Phase of Transaction is About $376 Million.