Unum to Buy Poland's Pramerica Ycie From Prudential Financial

By FeaturesDow Jones Newswires

Unum Group (UNM) on Tuesday said it agreed to acquire Pramerica ycie TUiR SA, a financial-protection provider in Poland, from Prudential Financial, Inc. (PRU).

Terms of the deal, which marks Unum's entry in Poland, weren't disclosed.

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The Chattanooga, Tenn., provider of insurance products said the transaction, expected to close by the end of the year, doesn't change its earnings or capital-management outlook for 2018.

Unum said Pramerica ycie will remain a standalone business reporting to Unum U.K. President and Chief Executive Peter O'Donnell.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

January 23, 2018 06:58 ET (11:58 GMT)

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