Horace Mann Reinsures $2.9 Billion Legacy Annuity Block with RGA and Describes NTA Acquisition Financing
Horace Mann Educators Corporation (HMN)
Last horace mann educators corporation earnings: 2/5 04:15 pm
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Source: Business Wire
Reinsurance transaction reduces ongoing interest rate risk and releases approximately $200 million of capitalReplaces existing revolving line of credit with new $225 million credit facilityOn track to close NTA transaction in early July, pending final regulatory approvalFull-year 2019 core EPS* guidance unchanged, anticipates at least 10% growth in 2020 core EPSExpects approximately 8% increase in book value excluding unrealized investment gains on securities* as a result of reinsurance transactionManagement to host conference call at 5 p.m. ET today SPRINGFIELD, Ill.--(BUSINESS WIRE)--Horace Mann Educators Corporation (NYSE:HMN) today announced that a subsidiary of Reinsurance Group of America, Incorporated (NYSE:RGA), a leading global life reinsurer, has reinsured a $2.9 billion block of Horace Mann’s annuity business effective April 1, 2019. The legacy block has a minimum guaranteed crediting rate of 4.5%. In addition, Horace Mann announced that it has entered into a new five-ye
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- Can Horace Mann Educators Corporation (NYSE:HMN) Improve Its Returns? [Yahoo! Finance]Yahoo! Finance
- Horace Mann Educators Co. (NYSE: HMN) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Horace Mann to announce first-quarter 2024 financial results on May 8 [Yahoo! Finance]Yahoo! Finance
HMN
Earnings
- 2/7/24 - Beat
HMN
Analyst Actions
- 2/8/24 - TheStreet
HMN
Sec Filings
- 4/18/24 - Form 4
- 4/9/24 - Form DEFA14A
- 4/9/24 - Form DEF
- HMN's page on the SEC website