Horace Mann completes $115 million acquisition of Employee Services LLC

HORACE MANN EDUCATORS CORP /DE/

Horace Mann completed its all-cash acquisition of all equity interests in Employee Services LLC (ESI) from Medical Mutual of Ohio for $115 million, subject to customary purchase price adjustments.
ESI became a wholly owned Horace Mann subsidiary and provides employee assistance services including confidential counseling and work-life assistance.
Horace Mann initially announced the ESI acquisition on July 21, 2026, as one of two separate agreements with Medical Mutual of Ohio.
The separate acquisition of Reserve National Insurance Company and MedMutual Life group life and disability business remains subject to approvals and is expected to close in Q1 2027.

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