Horace Mann acquires three businesses from Medical Mutual for ~$240M, adding $200M revenue

HORACE MANN EDUCATORS CORP /DE/

Total net purchase price ~$240M; financed via excess capital and existing credit facility.
Adds ~$200M annual revenue, 1M+ covered lives, 7,000 employer relationships, 1,000+ agents/brokers.
ESI acquisition expected to close Q4 2026; RNIC and reinsurance close Q1 2027, subject to regulatory approvals.
Transactions expected to be immediately accretive to core EPS and shareholder ROE.
Expands employer solutions, distribution capabilities, and customer reach.

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