Horace Mann Educators Corporation 7.25% 15-SEP-2028Horace Mann Educators Corporation 7.25% 15-SEP-2028Horace Mann Educators Corporation 7.25% 15-SEP-2028

Horace Mann Educators Corporation 7.25% 15-SEP-2028

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HMN5651418 analysis



Key facts


Issue date
Sep 15, 2023
Maturity date
Sep 15, 2028
Outstanding amount
‪300.00 M‬USD
Face value
1,000.00USD
Minimum denomination
2,000.00USD
Coupon
7.25% (Fixed)
Yield to maturity
5.30%
Horace Mann Educators Corp. is an insurance holding company, which engages in the provision of insurance and retirement solutions to educators and school employees. It operates through the following business segments: Property and Casualty, Supplemental, Retirement, Life, and Corporate and Other. The Property and Casualty segment focuses on personal lines of automobile and property insurance products. The Supplemental segment focuses on heart, cancer, accident, and limited short-term supplemental disability coverage. The Retirement segment consists of tax-qualified fixed and variable annuities. The Life segment offers life insurance. The Corporate and Other segment includes interest expense on debt, the impact of realized investment gains and losses and certain public company expenses. The company was founded by Carrol Hall and Leslie Nimmo in 1945 and is headquartered in Springfield, IL.
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