AM Greatest Likes Horace Mann’s Acquisition Of Nationwide Academics Associates Life

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AM Greatest has commented that the Monetary Power Score of A- (Wonderful) and the Lengthy-Time period ICRs of “a-” of Nationwide Academics Associates Life Insurance coverage Firm (headquartered in Addison, TX) and its subsidiary, NTA Life Insurance coverage Firm of New York (New York, NY) (collectively, known as NTA Life), are unchanged following the announcement of the sale of the businesses to Horace Mann Educators Company (Horace Mann). The transaction, introduced Dec. 10, 2018, is predicted to shut within the second quarter of 2019 pending regulatory approval.

Whereas it’s anticipated that the transaction could change capital administration at NTA Life, the businesses could have entry to extra liquidity and capital assist from Horace Mann. Over time, NTA Life may benefit from operational synergies with its new mother or father in addition to cross-selling alternatives for its major merchandise. NTA Life is a strategic match with the Horace Mann group as Horace Mann additionally serves the schooling market. Administration has indicated that after the transaction closes, NTA Life will function as a division of Horace Mann with its present administration workforce. AM Greatest will proceed to observe NTA and any developments with the pending transaction, and can take score motion if essential.

This press launch pertains to Credit score Rankings which were revealed on AM Greatest’s web site. For all score info referring to the discharge and pertinent disclosures, together with particulars of the workplace chargeable for issuing every of the person scores referenced on this launch, please see AM Greatest’s Current Score Exercise internet web page. For added info relating to the use and limitations of Credit score Score opinions, please view Understanding Greatest’s Credit score Rankings. For info on the correct media use of Greatest’s Credit score Rankings and AM Greatest press releases, please view Information for Media – Correct Use of Greatest’s Credit score Rankings and AM Greatest Score Motion Press Releases.

AM Greatest is a world score company and knowledge supplier with a singular give attention to the insurance coverage trade. Go to www.ambest.com for extra info.

Copyright © 2018 by A.M. Greatest Score Companies, Inc. and/or its associates. ALL RIGHTS RESERVED.

Jeffrey Lane
Senior Monetary Analyst
+1 908 439 2200, ext. 5567
[email protected]

Bridget Maehr
Affiliate Director
+1 908 439 2200, ext. 5321
[email protected]

Christopher Sharkey
Supervisor, Public Relations
+1 908 439 2200, ext. 5159
[email protected]

Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
[email protected]

Supply: AM Greatest

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