Horace Mann Announces Management Departure; Reiterates Commitment to Achieving Sustainable Double-Digit Return on Equity
March 18 2021 - 4:45PM
Business Wire
Horace Mann Educators Corporation (NYSE:HMN) today announced
that Wade Rugenstein, EVP Supplemental, is leaving the company
effective April 15, 2021, to pursue other interests outside of the
insurance industry.
“Wade joined Horace Mann in conjunction with our acquisition of
NTA Life Enterprises, LLC (NTA) in July 2019,” said Horace Mann
President and CEO Marita Zuraitis. “We appreciate his contribution
to the successful integration of NTA as our new Supplemental
Insurance segment and wish him the best in his future endeavors. As
we accelerate our growth trajectory in the post-pandemic
environment with Horace Mann’s full suite of financial solutions
for educators, his responsibilities will be shared across our
existing leadership team.
“Since the acquisition, the Supplemental business has become
integral to our ongoing initiatives to improve our ability to serve
educators by enhancing our product offerings, strengthening our
distribution and modernizing our infrastructure,” Zuraitis added.
“The Supplemental segment contributed $43.1 million to total 2020
core earnings of $143.1 million. Now fully integrated, this segment
joins with the others to keep us on the path to sustainable,
long-term double-digit ROEs.”
About Horace Mann
Horace Mann is the largest financial services company focused on
providing America's educators and school employees with insurance
and retirement solutions. Founded by Educators for Educators® in
1945, the company is headquartered in Springfield, Ill. For more
information, visit horacemann.com.
Safe Harbor Statement
Statements included in this news release that are not historical
in nature are forward-looking within the meaning of the Private
Securities Litigation Reform Act of 1995 and are subject to certain
risks and uncertainties. Horace Mann is not under any obligation to
(and expressly disclaims any such obligation to) update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise. Please refer to the
company's Annual Report on Form 10-K for the period ended December
31, 2020 and the company's past and future filings and reports
filed with the Securities and Exchange Commission for information
concerning the important factors that could cause actual results to
differ materially from those in forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20210318005961/en/
Heather J. Wietzel Vice President, Investor Relations
217-788-5144 investorrelations@horacemann.com
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