Horace Mann posts investor deck on $240 million Medical Mutual business acquisitions

• Horace Mann outlined deals to acquire three businesses from Medical Mutual of Ohio for a net purchase price of about $240 million.
• Transactions add nearly $200 million in annual premium and revenue, covering more than 1 million lives across about 7,000 employer relationships.
• Financing includes $100 million-$150 million of revolving credit borrowings, with the remainder funded from excess capital; pro forma debt-to-capitalization below 30% excluding AOCI.
• Management expects $20 million-$25 million of after-tax core earnings uplift in the first 12 months post-close, adding about 100 basis points to core ROE.
• Closings targeted in Q4 2026 for the ESI purchase, with the RNIC purchase and MMLIC reinsurance expected in Q1 2027, subject to approvals.

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