Reinsure approximately 75% of the in-force IDI block
Delivered by the deadline
Under re-examination This entry has been challenged and is being re-checked against the sources.
- Announced
- 17 Dec 2020
- Due
- 31 Dec 2020
- Delivered
- 16 Dec 2020
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“During December 2020, approximately 75% of the in-force IDI block, primarily direct business written by the Unum ceding companies, will be reinsured to Global Atlantic’s subsidiary”
What we found
Evidence strength A What the grades mean
The 2021 10-K says the ceding companies entered reinsurance agreements with Commonwealth effective December 16, 2020, covering about 75% of the Closed Block IDI business, within the December 2020 window.
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A Unum 10-K filed 2021-02-17
“Effective December 16, 2020, Provident Life and Accident Insurance Company, The Paul Revere Life Insurance Company and Unum Life Insurance Company of America” ✓ confirmed on the page
-
A Unum 10-K filed 2021-02-17
“to reinsure on a coinsurance basis effective as of July 1, 2020 approximately 75 percent of the Closed Block individual disability business” ✓ confirmed on the page
-
A Unum 10-Q filed 2021-05-06
“In December 2020, we completed the first phase of a reinsurance transaction” ✓ confirmed on the page
Checked 21 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Transaction other
- Indicative materiality
- Medium rules
- Action
- Reinsure
- Deliverable
- 75% of in-force IDI block
- Target
- 75 percent
- Language
- Firm (“will”, “on track to”)
- In the company’s control
- High
- Specificity
- High
- Depends on
- Partner
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Claude (Anthropic), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Gemini (Google), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2020-UNM-019665 · Corrections policy