Unum Group filed SEC Form 8-K: Entry into a Material Definitive Agreement
$UNM
Accident &Health Insurance
Finance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 1, 2025
(Exact name of registrant as specified in its charter)
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(Address of principal executive offices) (Zip Code)
(423 ) 294-1011
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
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Item 1.01 Entry into a Material Definitive Agreement.
On July 1, 2025, Unum Group (the “Company”) announced the closing of the transactions (collectively, the “Transaction”) contemplated by the Master Transaction Agreement (the “Master Transaction Agreement”), dated as of February 26, 2025, between Unum Life Insurance Company of America (the “Ceding Company”), a Maine-domiciled insurance company and wholly-owned subsidiary of the Company, and Fortitude Reinsurance Company Ltd. (the “Reinsurer”), a reinsurance company organized under the laws of Bermuda. The Transaction and the Master Transaction Agreement were previously described in the Company’s Current Report on Form 8-K filed on February 27, 2025. In connection with the closing of the Transaction, the Ceding Company entered into a Coinsurance Agreement (the “Coinsurance Agreement”) with the Reinsurer and, for certain limited purposes, New Reinsurance Company, Ltd., a reinsurance company organized under the laws of Switzerland, pursuant to which, effective as of January 1, 2025, the Ceding Company ceded to the Reinsurer, and the Reinsurer reinsured, on a coinsurance basis, (i) a 100% quota share of a portion of the closed block individual long-term care business written by the Ceding Company, representing $3.4 billion of the Ceding Company’s long-term care statutory reserves, and (ii) a 100% quota share of the individual disability business reinsured by the Ceding Company from Provident Life and Accident Insurance Company (“PLA”), a Tennessee-domiciled insurance company and wholly-owned subsidiary of the Company, representing approximately $120 million of PLA’s in-force premium.
The foregoing description of the Coinsurance Agreement is qualified in its entirety by reference to the full text of the Coinsurance Agreement, a copy of which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Unum Group | |||||||||||
| (Registrant) | |||||||||||
| Date: July 2, 2025 | By: | /s/ J. Paul Jullienne | |||||||||
| Name: | J. Paul Jullienne | ||||||||||
| Title: | Vice President, Managing Counsel, and | ||||||||||
| Corporate Secretary | |||||||||||