AM Best Affirms Credit Ratings of Horace Mann Educators Corporation and Its Subsidiaries

Jul 28, 2022

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of the property/casualty (P/C) members of Horace Mann Insurance Group(Horace Mann), and Horace Mann Life Insurance Company (Horace Mann Life). In addition, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICRs of “a” (Excellent) of National Teachers Associates Life Insurance Company (Addison, TX) and its affiliated entity, NTA Life Insurance Company of New York (New York, NY) (collectively referred to as NTA Life). Concurrently, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent) of Madison National Life Insurance Company (Madison National Life) (Madison WI). Lastly, AM Best has affirmed the Long-Term ICR of “bbb” (Good) of Horace Mann Educators Corporation (HMEC) [NYSE: HMN] and the Long-Term Issue Credit Rating of “bbb” (Good) on its $250 million, 4.5% senior unsecured notes, due 2025. The outlook of these Credit Ratings (ratings) is stable. All companies are headquartered in Springfield, IL, unless otherwise specified. (See below for a detailed list of the P/C subsidiaries).

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