Fitch affirms Unum Group

Fitch Ratings said it affirmed Unum Group's long-term issuer default rating at BBB+.

The outlook is stable.

The agency said the affirmation reflects the company's strong business profile, continued strong, stable operating performance in its core business lines, moderate investment risk, and solid capital and liquidity at both the insurance subsidiary and holding company level.

The ratings also reflect the impact of the ongoing low interest rate environment on the company's businesses, above average exposure to legacy long-term care policies, competitive challenges in the company's core U.S. disability business, and Brexit-related headwinds that continue to pressure the operating performance of its U.K. business, Fitch said.

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