Fitch affirms Horace Mann

Fitch Ratings said it affirmed the BBB issuer default rating and BBB- rating on the $199.5 million senior notes of Horace Mann Educators Corp.

The agency also said it affirmed the A- insurer financial strength ratings of its insurance subsidiaries.

The outlook is stable.

The ratings reflect solid capitalization in its operating subsidiaries, conservatively managed investment portfolio and reasonable financial leverage, Fitch said.

The ratings also consider the company's volatile earnings profile caused by catastrophe losses, the agency said.

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