secwatch.observer — SEC 8-K summary
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Issuer:     HORACE MANN EDUCATORS CORP /DE/ (HMN)
CIK:        0000850141
Form:       8-K
Filed at:   2022-01-03T23:59:59+00:00
Accession:  0001628280-22-000118
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/850141/000162828022000118/0001628280-22-000118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/850141/000162828022000118/hmn-20220103.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-000118

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