---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-000118"
form_type: "8-K"
ticker: "HMN"
cik: "0000850141"
company_name: "HORACE MANN EDUCATORS CORP /DE/"
filed_at: "2022-01-03T23:59:59+00:00"
generated_at: "2026-06-27T21:33:21.501219+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Horace Mann completes $172.5M acquisition of Madison National Life; expects 2022 EPS accretion of $0.15-$0.20

## Summary
- Completed acquisition of Madison National Life Insurance Co. for $172.5M; potential earn-out up to $12.5M by 2023.
- Funded with cash on hand and $114.0M draw on expanded $325M credit facility; leverage ratio ~25%.
- Expects 2022 EPS accretion of at least $0.15-$0.20 per share and ~50 bps ROE contribution.
- Will report two divisions from Q1 2022: Individual Insurance & FS, and Supplemental & Group Benefits.
- Horace Mann Educators Foundation donates $20k to Madison Public Schools Foundation.

## SEC filing metadata
- accession: 0001628280-22-000118
- form_type: 8-K
- ticker: HMN
- cik: 0000850141
- company_name: HORACE MANN EDUCATORS CORP /DE/
- filed_at: 2022-01-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/850141/000162828022000118/0001628280-22-000118-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/850141/000162828022000118/hmn-20220103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-000118
- JSON: https://secwatch.observer/filing/0001628280-22-000118.json
- Plain text: https://secwatch.observer/filing/0001628280-22-000118.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.