Unum (UNM) to Divest Medical Stop Loss Business to Amynta Group

Group 1: Amynta Group and Unum Group - Amynta Group has acquired Unum's Medical Stop Loss business, which will operate as a full-service managing general underwriter under Amynta Risk Solutions, enhancing its product portfolio and client service capabilities [2][8] - John Doucette, CEO of Amynta Risk Solutions, emphasized the strong expertise and capabilities brought by Unum's stop-loss business, indicating continued investment to drive growth and innovation in the medical stop loss market [4] Group 2: Unum Group's Strategic Focus - Unum Group is divesting its Medical Stop Loss business to focus on strategic growth priorities, with the divestiture expected to be completed in the third quarter of 2024 [8] - The company aims to leverage enhanced capabilities to drive top-line growth and achieve high single-digit bottom-line growth in 2024, supported by healthy in-force block growth, higher sales, and strong persistency in group lines [9] Group 3: Earnings Estimates and Performance - The Zacks Consensus Estimate for PRA's 2024 and 2025 earnings suggests significant growth of 371.4% and 72.6% year-over-year, respectively [3] - HCI Group is projected to have earnings growth of 57.6% and 4.3% for 2024 and 2025, respectively, with a notable stock rally of 45.1% over the past year [6][10] - Palomar Holdings is expected to see earnings growth of 26% and 18% for 2024 and 2025, respectively, with a stock surge of 45.5% in the past year [7][11] - ProAssurance's earnings have shown mixed results, with a stock decline of 28.1% over the past year [12]