Moody’s rates Horace Mann’s senior unsecured notes Baa2
New York , September 12, 2023 – Moody's Investors Service (Moody's) has assigned a Baa2 rating to $300 million of five-year senior unsecured notes to be issued by Horace Mann Educators Corporation ("Horace Mann", NYSE: HMN). Net proceeds from the offering will be used to repay borrowings under its r...Horace Mann Educators is an insurance holding company. Through its subsidiaries, the company has the following segments: Property and Casualty, which includes private passenger automobile insurance and residential home insurance; Supplemental, which includes heart, cancer, accident and limited short-term supplemental disability coverages and it also markets life insurance products; Retirement, which markets both fixed and variable annuity contracts, primarily on a tax-qualified basis; and Life, which primarily provides term and whole life insurance products as well as indexed universal life products and, from time to time, revises products and product features or develops new products.
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