Horace Mann Ins Co
Major Rating Factors:
History of adequate reserve strength (5.7 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall results on stability tests (6.5) despite. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is acceptable at 2.8% of capital. Fair profitability index (4.0) with operating losses during 2022 and 2023. Return on equity has been low, averaging 2.4% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (8.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (61.7%), homeowners (36.4%), fire (0.5%), other (1.5%)
Licensed in:
All states except HI, NJ
Principal Investments:
Investment grade bonds (85.7%), non investment grade bonds (2.6%), common stock (0.3%), other (11.4%)
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
22578
Website
Largest Affiliates