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Horace Mann Educators

#4885

Rank

$1.68B

Marketcap

US United States

Country

Horace Mann Educators
Leadership team

Ms. Marita Zuraitis (Pres, CEO & Director)

Mr. Bret Alan Conklin (Exec. VP & CFO)

Mr. Donald Martin Carley (Exec. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec.)

Products/ Services
Auto Insurance, Financial Services, Insurance, Life Insurance
Number of Employees
1,000 - 20,000
Headquarters
Springfield, Illinois, United States
Established
1945
Company Registration
SEC CIK number: 0000850141
Net Income
20M - 100M
Revenue
Above - 1B
Traded as
HMN
Social Media
Overview
Location
Summary
Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. It operates in three segments: Property & Casualty, Life & Retirement, and Supplemental & Group Benefits. The company underwrites and markets personal lines of property and casualty insurance, including personal lines auto and property insurance products; supplemental insurance products, which include cancer, heart, hospital, supplemental disability, and accident coverages; retirement products, such as tax-qualified fixed and variable annuities; and life insurance products comprising whole life and term, as well as indexed universal life insurance products. It also offers student loan solutions, including online student loan management accounts for educators. The company markets its products through its sales force of full-time exclusive agents to K-12 teachers, administrators, and other employees of public schools and their families. Horace Mann Educators Corporation was founded in 1945 and is headquartered in Springfield, Illinois.
History

Horace Mann was founded in Springfield, Illinois, in 1945. Originally named the IEA Mutual Insurance Company because of its affiliation with the Illinois Education Association, Horace Mann was founded by teachers Leslie Nimmo and Carrol Hall. Nimmo and Carroll created IEA Mutual to sell automotive insurance to Illinois teachers. The company was later renamed Horace Mann, after the American educational reformer of the same name. Mann himself was not involved with the company. In 1947, Horace Mann began to sell insurance policies outside of Illinois and in 1949, the Horace Mann Life Insurance Company was founded. Horace Mann would later add property insurance. In 1961, the company began selling tax-deferred annuities, and in 2003, it entered the mutual funds business. In 1974, the Insurance Company of North America , a Philadelphia-based insurance and financial services corporation, began increasing its holdings of Horace Mann and by January 1975 had acquired the company. In 1982, INA Corporation merged with Connecticut General Corporation, forming a new holding company known as CIGNA.In August 1989, Horace Mann was acquired from CIGNA by an investor group that included company management. In November 1991, Horace Mann completed an initial public offering of common stock at $18 per share. It is traded on the New York Stock Exchange as HMN. In January 1994, Horace Mann acquired Allegiance Insurance Company, a California property/casualty company. Horace Mann had managed Allegiance Insurance Company since 1989. Allegiance Insurance Company changed its name to Horace Mann Property & Casualty Insurance Company effective March 19, 2001. Marita Zuraitis has been the Director, President and CEO of the company since 2013. Horace Mann’s corporate headquarters in Springfield, Illinois, reside in a building designed by architect Minoru Yamasaki. Horace Mann has regional claim offices in Irving, Texas, and Morrisville, North Carolina. It contracts with more than 600 exclusive agencies for sales and service. Horace Mann has approximately 1,400 employees, including about 1,100 at its Springfield, Illinois headquarters.In January 2022, Horace Mann announced it had completed the acquisition of Madison National Life Insurance Company, Inc. - a provider of group life, disability and specialty health insurance for educators and public sector employees. The purchase was initially announced in July 2021.

Mission
Horace Mann seeks to be an indispensable partner in education by offering competitively priced quality insurance and financial services to educators, enabling them to protect what they have today and plan for tomorrow.
Vision
Horace Mann envisions a world where every teacher is supported with exceptional financial products, services and benefits – giving them the confidence they need to focus on educating and inspiring their students.
Key Team

Mr. Matthew Peter Sharpe (Exec. VP of Supplemental & Group Benefits and Corp. Strategy)

Mr. Mark Richard Desrochers (Chief Corp. Actuary & SVP of Property and Casualty)

Ms. Stephanie A. Fulks (Sr. VP & Chief Information Officer)

Ms. Heather J. Wietzel (VP of Investor Relations & Enterprise Communications)

Ms. Jennifer E. Thayer (SVP & Chief HR Officer)

Mr. Michael Brandon Weckenbrock (Sr. VP of Life & Retirement)

Ms. Kimberly Ann Johnson (Sr. VP & Controller)

Recognition and Awards
Horace Mann Educators Corporation is recognized for its commitment to teachers and education, receiving numerous awards including the Teacher Appreciation Award, Teachers of Excellence Award and Best Places to Work for Educators Award.
References

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Horace Mann Educators
Leadership team

Ms. Marita Zuraitis (Pres, CEO & Director)

Mr. Bret Alan Conklin (Exec. VP & CFO)

Mr. Donald Martin Carley (Exec. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec.)

Products/ Services
Auto Insurance, Financial Services, Insurance, Life Insurance
Number of Employees
1,000 - 20,000
Headquarters
Springfield, Illinois, United States
Established
1945
Company Registration
SEC CIK number: 0000850141
Net Income
20M - 100M
Revenue
Above - 1B
Traded as
HMN
Social Media