Fitch affirms Horace Mann

Fitch Ratings said it affirmed Horace Mann's issuer default rating at BBB+ and $199.5 million senior notes at BBB.

The outlook is stable.

Ratings reflect the solid risk-based capitalization of the company's insurance subsidiaries, driven primarily by its life insurance subsidiaries, the agency said.

Offsetting factors include Horace Mann's cat exposure, Fitch said.

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