Page 33 - Closed Block News Today

Operator Good morning, and welcome to the Unum Group Fourth Quarter 2020 Earnings Conference Call. [Operator Instructions] At this time, I would like to turn the conference over to Tom White, Senior Vice President, Investor Relations. Please go ahead, sir. Tom White -- Senior Vice President, Investor Relations Great. Thank you, Tracy. Good morning, everyone and welcome to the fourth quarter 2020 earnings conference call for Unum. Our remarks today will include forward-looking statements, which...

Share this article Share this article CHATTANOOGA, Tenn., Dec. 17, 2020 /PRNewswire/ -- Unum Group (NYSE: UNM) today announced that three of its insurance company subsidiaries have entered into an agreement to reinsure a substantial portion of Unums Closed Individual Disability Insurance Block ("IDI") business, backed by approximately $7.1 billion in reserves, to a subsidiary of Global Atlantic through a coinsurance arrangement. Global Atlantics subsidiary will maintain over-collateralized tru...