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Horace Mann now available to New Jersey teachers

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Horace Mann Educators (NYSE:HMN) has announced its expansion into New Jersey, extending its financial services to educators in the Garden State. The company, which already serves educators in over 40 states, will offer a comprehensive suite of financial and insurance solutions including credit monitoring, student loan services, auto, property, life and supplemental insurance, as well as retirement planning and educational workshops.

In New Jersey, auto and home insurance will be provided through a partnership with Plymouth Rock Assurance via their Teachers Insurance Plan of NJ. This expansion marks another milestone in Horace Mann's nearly 80-year history of serving America's educators.

Horace Mann Educators (NYSE:HMN) ha annunciato la sua espansione nel New Jersey, estendendo i suoi servizi finanziari agli educatori del Garden State. L'azienda, che già serve educatori in oltre 40 stati, offrirà una gamma completa di soluzioni finanziarie e assicurative, tra cui monitoraggio del credito, servizi per prestiti studenteschi, assicurazioni auto, immobiliari, sulla vita e integrative, oltre alla pianificazione della pensione e workshop educativi.

Nel New Jersey, le assicurazioni auto e sulla casa saranno fornite attraverso una partnership con Plymouth Rock Assurance tramite il loro Teachers Insurance Plan of NJ. Questa espansione segna un altro traguardo nella storia di quasi 80 anni di Horace Mann nel servire gli educatori americani.

Horace Mann Educators (NYSE:HMN) ha anunciado su expansión en Nueva Jersey, extendiendo sus servicios financieros a los educadores del Estado Jardín. La empresa, que ya atiende a educadores en más de 40 estados, ofrecerá un conjunto completo de soluciones financieras y de seguros, incluyendo monitoreo de crédito, servicios de préstamos estudiantiles, seguros de auto, de propiedades, de vida e suplementarios, así como planificación para la jubilación y talleres educativos.

En Nueva Jersey, los seguros de auto y de hogar se proporcionarán a través de una asociación con Plymouth Rock Assurance mediante su Teachers Insurance Plan of NJ. Esta expansión marca otro hito en la casi historia de 80 años de Horace Mann sirviendo a los educadores de América.

호레이스 맨 교육자 (NYSE:HMN)가 뉴저지로의 확장을 발표하며, 가든 스테이트의 교육자들에게 금융 서비스를 제공합니다. 이미 40개 이상의 주에서 교육자들을 대상으로 서비스를 제공하고 있는 이 회사는 신용 모니터링, 학생 대출 서비스, 자동차, 재산, 생명 및 보충 보험, 그리고 은퇴 계획 및 교육 워크숍을 포함한 종합적인 금융 및 보험 솔루션을 제공합니다.

뉴저지에서는 Plymouth Rock Assurance와의 제휴를 통해 Teachers Insurance Plan of NJ를 통해 자동차 및 주택 보험이 제공됩니다. 이번 확장은 미국 교육자들을 위한 호레이스 맨의 거의 80년 역사에서 또 다른 이정표입니다.

Horace Mann Educators (NYSE:HMN) a annoncé son expansion dans le New Jersey, étendant ses services financiers aux éducateurs du Garden State. L'entreprise, qui sert déjà des éducateurs dans plus de 40 États, proposera une gamme complète de solutions financières et d'assurance, y compris la surveillance de crédit, les services de prêts étudiants, l'assurance automobile, l'assurance habitation, l'assurance vie et complémentaire, ainsi que la planification de la retraite et des ateliers éducatifs.

Au New Jersey, les assurances auto et habitation seront fournies par le biais d'un partenariat avec Plymouth Rock Assurance via leur Teachers Insurance Plan of NJ. Cette expansion marque une nouvelle étape dans l'histoire de près de 80 ans de Horace Mann au service des éducateurs américains.

Horace Mann Educators (NYSE:HMN) hat seine Expansion nach New Jersey bekannt gegeben und erweitert seine Finanzdienstleistungen für Pädagogen im Garden State. Das Unternehmen, das bereits Pädagogen in über 40 Bundesstaaten betreut, wird ein umfassendes Angebot von Finanz- und Versicherungslösungen anbieten, darunter Kreditüberwachung, Studenten Darlehensdienste, Auto-, Immobilien-, Lebens- und Zusatzversicherungen sowie Rentenplanung und Bildungsworkshops.

In New Jersey werden Auto- und Hausversicherungen durch eine Partnerschaft mit Plymouth Rock Assurance über deren Teachers Insurance Plan of NJ bereitgestellt. Diese Expansion markiert einen weiteren Meilenstein in der fast 80-jährigen Geschichte von Horace Mann, die amerikanische Pädagogen unterstützt.

Positive
  • Geographic expansion into New Jersey market increases potential customer base
  • Strategic partnership with Plymouth Rock Assurance for local market penetration
  • Diversification of service offerings including insurance, retirement planning, and student loan solutions
Negative
  • None.

Insights

The expansion into New Jersey represents a strategic growth opportunity for Horace Mann, targeting the state's substantial education workforce of approximately 200,000 educators. The partnership with Plymouth Rock Assurance is particularly noteworthy as it provides immediate market access through an established local player. This move could potentially increase HMN's addressable market by 3-5% based on educator population metrics.

The expansion aligns with the company's core strategy of focusing on educators while diversifying its geographical footprint. The Teachers Insurance Plan of NJ through Plymouth Rock creates a competitive advantage by offering specialized coverage. However, the initial revenue impact may be modest as market penetration typically takes time in the insurance sector, especially when entering new territories with established competitors.

Expansion brings a variety of unique insurance and financial solutions to the Garden State

SPRINGFIELD, Ill.--(BUSINESS WIRE)-- Horace Mann Educators Corporation (NYSE:HMN), the largest financial services company focused on helping America’s educators and others who serve the community achieve lifelong financial success, today announced its expansion into New Jersey. Already serving educators in over 40 states, Horace Mann is proud to bring its comprehensive suite of financial and insurance solutions to the educational community in New Jersey.

“We’re excited to expand into the New Jersey market and give back to the educators who inspire, lead and shape the future. Our mission is to deliver comprehensive solutions that allow them to focus on what truly matters—making a lasting difference in the lives of children,” said Steve Chauby, Senior Vice President of Marketing, Digital and Affiliate Sales at Horace Mann.

For nearly 80 years, Horace Mann has been dedicated to serving America’s educators. From credit monitoring and student loan services to auto, property, life and supplemental insurance, as well as retirement planning and educational workshops, Horace Mann provides a full range of financial and insurance products tailored to meet the unique needs of educators.

In New Jersey, auto and home insurance will be available through a partnership with Plymouth Rock Assurance. “We look forward to collaborating with Horace Mann to offer coverage to local educators through our Teachers Insurance Plan of NJ, which is designed exclusively for New Jersey educators to meet their unique insurance needs,” said Adam Van Loon, Direct Group Interim President and CEO at Plymouth Rock Assurance.

“Plymouth Rock has a long history of serving the educators of New Jersey. Horace Mann is well known for doing the same throughout the United States. We look forward to earning the trust of this most trusted community,” said Bill Martin, President and CEO of Plymouth Rock Home Assurance Corp.

“We are excited to introduce New Jersey schools and educators to the Horace Mann family. In addition to our partnership with Plymouth Rock, we will bring a full suite of offerings and services – from our Student Loan Solutions program and teacher appreciation events to life and retirement products and solutions,” said Heather Cabra, Senior Vice President of National Sales at Horace Mann.

For more information, contact a Horace Mann agent or visit horacemann.com.

About Horace Mann

Horace Mann Educators Corporation is the largest multiline financial services company focused on helping America’s educators and others who serve the community achieve lifelong financial success. The company offers individual and group insurance and financial solutions tailored to the needs of the educator community. Founded by Educators for Educators® in 1945, the company is headquartered in Springfield, Illinois. For more information, visit horacemann.com.

About Plymouth Rock Assurance

Plymouth Rock was established over four decades ago to offer its customers a higher level of service and a more innovative set of products and features than they had come to expect from insurance companies. It is no accident that ever since then top-quality service to our customers, our agents, our employees, and our communities has been our hallmark. The Plymouth Rock Group of Companies is rated Excellent by A.M. Best, based on operational strength and financial stability. For more information, visit plymouthrock.com.

Michelle Eccles

michelle.eccles@horacemann.com

Public Relations Manager

217-788-5394

Source: Horace Mann Educators Corporation

FAQ

What services will Horace Mann (HMN) offer in New Jersey?

Horace Mann will offer credit monitoring, student loan services, auto, property, life and supplemental insurance, retirement planning, and educational workshops. Auto and home insurance will be provided through Plymouth Rock Assurance.

Who is Horace Mann partnering with for auto and home insurance in New Jersey?

Horace Mann (HMN) is partnering with Plymouth Rock Assurance to offer auto and home insurance through their Teachers Insurance Plan of NJ.

How many states does Horace Mann (HMN) now serve with this expansion?

With the expansion into New Jersey, Horace Mann now serves educators in over 40 states.

Horace Mann Educators Corporation

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