Horace Mann agrees to buy Medical Mutual’s Employee Services and Reserve National for about $240 million

Reuters2026/07/21 20:17

By:Reuters

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Horace Mann agreed to buy employee assistance provider Employee Services, LLC from Medical Mutual of Ohio.
Separate deal covers Reserve National Insurance Company, an individual supplemental platform, with MedMutual retaining the legal insurance entity.
Horace Mann will also reinsure MedMutual Life Insurance Company’s group life and disability business.
Combined transactions carry a total net purchase price of about $240 million, funded with excess capital and revolver borrowings.
Businesses add nearly $200 million in annual revenue, cover over 1 million lives across about 7,000 employers, with ESI closing Q4 2026 and the rest Q1 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Horace Mann Educators Corporation published the original content used to generate this news brief on July 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Horace Mann agrees to buy Medical Mutual’s Employee Services and Reserve National for about $240 million

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