Mergers & Acquisitions ·
On July 21, 2026, Horace Mann Educators Corporation entered into agreements with Medical Mutual of Ohio to acquire…
HMNHorace Mann Educators Corp
On July 21, 2026, Horace Mann Educators Corporation entered into agreements with Medical Mutual of Ohio to acquire Employee Services LLC (ESI), Reserve National Insurance Company (RNIC), and the group life and disability business of MedMutual Life Insurance Company. The total net purchase price for these transactions is approximately $240 million, funded via excess capital and existing credit facility borrowings. The ESI acquisition, valued at approximately $115 million, is expected to close in Q4 2026, while the RNIC and reinsurance transactions are expected to close in Q1 2027. These acquisitions are expected to add nearly $200 million in annual revenue and serve over one million covered lives. The company operates in the financial services industry, providing insurance and financial solutions tailored to educators.