Unisys transfers a portion of its u.s. defined benefit pension obligations to f&g through $250 million of group annuity contracts

This agreement marks the fourth u.s. retiree buyout since the beginning of 2021 and reflects a continuation of efforts to reduce pension liabilities, volatility and cost while securing retiree pension benefits with highly-rated insurance companies blue bell, pa. , nov. 27, 2023 /prnewswire/ -- unisys (nyse: uis) today announced it has closed agreements with f&g annuities & life, inc. (nyse: fg) ("f&g") to purchase group annuity contracts totaling approximately $250 million through which unisys will transfer projected benefit obligations valued at a similar amount related to certain retirees under one of the company's u.s. pension plans to f&g.
FG Ratings Summary
FG Quant Ranking