M&A Deal Summary

Horace Mann Educators Acquires National Teachers Associates Life Insurance

On December 10, 2018, Horace Mann Educators acquired insurance company National Teachers Associates Life Insurance for 405M USD

Acquisition Highlights
  • This is Horace Mann Educators’ 2nd transaction in the Insurance sector.
  • This is Horace Mann Educators’ largest (disclosed) transaction.
  • This is Horace Mann Educators’ 2nd transaction in the United States.
  • This is Horace Mann Educators’ 1st transaction in Texas.

M&A Deal Summary
Date 2018-12-10
Target National Teachers Associates Life Insurance
Sector Insurance
Buyer(s) Horace Mann Educators
Deal Type Add-on Acquisition
Deal Value 405M USD

Target

National Teachers Associates Life Insurance

Addison, Texas, United States
website
National Teachers Associates Life Insurance Co. is a provider of supplemental insurance products to the education market with nearly 50 years of experience. NTA specializes in developing, marketing and underwriting supplemental insurance products, including cancer and heart.

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Buyer(S) 1

Buyer

Horace Mann Educators

Springfield, Illinois, United States

website

Category Company
Founded 1945
Sector Insurance
Employees1,450
Revenue 1.3B USD (2021)
DESCRIPTION
Horace Mann's headquarters in Springfield, Illinois.
Horace Mann's headquarters in Springfield, Illinois.

Horace Mann Educators is a national multiline insurance company focusing on educators financial needs. Horace Mann Educators was founded in 1945 and is based in Springfield, Illinois.

DEAL STATS #
Overall 2 of 3
Sector (Insurance) 2 of 3
Type (Add-on Acquisition) 2 of 2
State (Texas) 1 of 1
Country (United States) 2 of 3
Year (2018) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1991-04-10 Allegiance Life Insurance

Springfield,, Illinois, United States

Allegiance Life Insurance Company is a provider of insurance services.

Buy $35M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-14 Madison National Life Insurance

Madison, Wisconsin, United States

Madison National Life Insurance offers short- and long-term group disability, group life, and other products, with K-12 school districts representing 80% of 2020 premiums. Madison National Life Insurance was founded in 1961 and is based in Madison, Wisconsin.

Buy $173M
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