Horace Mann P&C Ins Co
Major Rating Factors:
History of adequate reserve strength (6.6 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall profitability index (5.9) despite operating losses during 2022 and 2023. Good liquidity (5.3) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (8.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent overall results on stability tests (7.6). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (65.9%), homeowners (33.2%), fire (0.2%), other (0.7%)
Licensed in:
All states except HI
Principal Investments:
Investment grade bonds (77.0%), other (23.0%)
Corporate Info
Group Affiliation
Horace Mann Educators Corporation
Investment Rating
Company Address
One Horace Mann Plaza
Springfield, IL 62715
Springfield, IL 62715
Phone Number
(217) 789-2500
NAIC Number
22756
Website
Largest Affiliates