Horace Mann Acquires Madison National Life Insurance Company
January 3, 2022
Horace Mann Educators Corporation has completed the acquisition of Madison National Life Insurance Company, a provider of group life, disability and specialty health insurance focused on educators and public sector employees. The deal was funded with cash on hand and additional borrowings on Horace Mann’s revolving credit facility; Horace Mann expects 2022 EPS accretion of $0.15–$0.20 and roughly a 50 basis point contribution to ROE.
- Buyers
- Horace Mann Educators Corporation
- Targets
- Madison National Life Insurance Company, Inc.
- Industry
- Insurance
- Location
- Wisconsin, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
MAI Capital Management Acquires Madison Wealth Management
January 8, 2024
Wealth Management
MAI Capital Management acquired Madison Wealth Management, adding approximately $1.4 billion of client assets under management and expanding MAI’s presence in Cincinnati and Northern Virginia. The Madison team will join MAI effective January 5, with Madison leaders Ed Kuresman and Jim McDermott assuming Regional President roles; terms were not disclosed.
-
Reinsurance Group of America Acquires Hodge Life Assurance Company Limited
February 4, 2021
Insurance
Reinsurance Group of America, Incorporated (RGA) has agreed to acquire 100% of the share capital of Hodge Life Assurance Company Limited (HLAC) from Hodge Limited. HLAC, a PRA-authorised UK life insurer with approximately £570 million of annuity liabilities, will cease writing new business effective February 19, 2021; the deal is subject to regulatory approval.
-
Aon to Acquire NFP
December 20, 2023
Insurance
Aon plc agreed to acquire NFP, a leading middle-market insurance broker and benefits/wealth advisor, from funds affiliated with Madison Dearborn Partners and HPS Investment Partners for an estimated $13.4 billion. The deal will be funded with $7.0 billion in cash and $6.4 billion of Aon stock, with NFP operating as an independent but connected platform under Doug Hammond and expected to close subject to regulatory approvals in mid-2024.
-
Marsh McLennan Agency Acquires The Horton Group, Inc.
July 9, 2024
Insurance
Marsh McLennan Agency (a subsidiary of Marsh) has entered into a definitive agreement to acquire The Horton Group, Inc., a full-service insurance brokerage based in Orland Park, Illinois. Horton’s approximately nine offices and employees (including CEO Dan Horton) will join Marsh McLennan Agency and continue operating locally; the deal is expected to close in the third quarter of 2024 and terms were not disclosed.
-
Essence Healthcare to Acquire Mutual of Omaha's Medicare Advantage Business
February 24, 2020
Healthcare Services
Essence Healthcare, a sister company of Lumeris, has reached an agreement in principle to acquire Mutual of Omaha Medicare Advantage Company (MOMAC) and Medicare Advantage Company of Omaha (MAICO). The subsidiaries operate Medicare Advantage plans in Cincinnati, San Antonio, Dallas, Denver and El Paso; Lumeris currently operates the plans and will continue to do so after closing, which is expected by mid-2020 pending regulatory approvals.
-
AssuredPartners Acquires Lehrer & Madden Insurance Agency, Inc.
May 11, 2021
Insurance
AssuredPartners, Inc. announced the acquisition of Lehrer & Madden Insurance Agency, Inc., a Natick, Massachusetts-based insurance agency founded in 1936. The Lehrer & Madden team will remain under current leadership while joining AssuredPartners as part of the firm's continued Northeast expansion and is the firm's 17th acquisition of 2021.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.