Horace Mann rises on $173 mln deal to buy Madison National Life

Horace Mann Educators

14/07/2021 13:23

** Shares of property and casualty insurer  HMN.N  up 4.4%
at $38.98 premarket 
    ** HMN says it will buy insurance company Madison National
Life, a unit of Independence Holding Company  IHC.N , for $172.5
million 
    ** Deal expected to close early in Q1 of 2022
    ** Madison National's net premiums were about $108 million
last year, HMN says  urn:newsml:reuters.com:*:nBw3NwwVxa

 (Reporting by Akanksha Rana)