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Horace Mann Educators Corporation - HMN STOCK NEWS

Welcome to our dedicated page for Horace Mann Educators Corporation news (Ticker: HMN), a resource for investors and traders seeking the latest updates and insights on Horace Mann Educators Corporation stock.

Horace Mann Educators Corporation (NYSE: HMN) is a diversified insurance holding company that offers a comprehensive range of financial services and insurance products tailored specifically for educators and their families. Founded in 1945 by two educators in Springfield, Illinois, the company honors the legacy of Horace Mann, the father of the American public education system. Initially known as the Illinois Education Association Mutual Insurance Company, the firm has since evolved into the largest national multiline insurance company dedicated to serving America's educators.

Horace Mann provides personalized service and advice through its professional agents and staff, offering insurance and financial products to the educational community across the United States. The company's core offerings include auto, homeowners, and life insurance, as well as retirement annuities. Their financial products are designed to ensure lifelong financial well-being for educators and their families.

The company's segments include Property and Casualty, which focuses on automobile and homeowner insurance, Supplemental & Group Benefits, Life & Retirement, which offers 403(b) tax-qualified retirement annuities, and Corporate and Other. Horace Mann employs several former teachers in its salesforce, ensuring that they understand the unique needs of their clientele.

Recently, Horace Mann announced a partnership with SimpliSafe, a maker of award-winning home security systems. This partnership provides Horace Mann policyholders with exclusive discounts on SimpliSafe systems, ensuring both financial and physical security for educators. This collaboration underscores the company's commitment to offering exceptional customer experiences and enhanced security solutions for educators.

The financial stability of Horace Mann Educators Corporation is noteworthy, with a strong commitment to ethical practices and community service. The company continues to grow and innovate, ensuring that they meet the evolving needs of the educational community. For more information, visit the company's website at horacemann.com.

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Horace Mann Educators Corporation (NYSE:HMN) announced its expected core earnings per share (EPS) for Q1 2023 in the range of $0.21 to $0.23, impacted by significant catastrophe losses due to weather events, particularly in March. Catastrophe losses are projected at $22 million to $23 million, compared to $7.3 million in the same quarter last year, contributing 15 points to the combined ratio. Despite these challenges, the company maintains its full-year EPS outlook between $2.00 and $2.30 and aims for a double-digit return on equity by 2024, with core EPS anticipated to reach $4. A financial results conference call is scheduled for May 3.

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Horace Mann Educators Corporation (NYSE: HMN) announced the appointment of Stephen J. McAnena as Executive Vice President and Chief Operating Officer, effective May 8, 2023. McAnena brings extensive experience from his previous roles at Farmers Insurance and Liberty Mutual, where he successfully drove profitable growth. His focus at Horace Mann will be on retail market opportunities to support household acquisition and market share expansion, aligning with the company's goal to provide tailored solutions for educators. CEO Marita Zuraitis expressed confidence in McAnena's ability to enhance value and advance the company’s strategic plans. Founded in 1945, Horace Mann is dedicated to helping educators achieve financial success.

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Horace Mann Educators Corporation (NYSE:HMN) is set to release its first-quarter 2023 results on May 2, after market close. The quarterly news release, investor supplement, and presentation will be accessible on its website. A conference call to discuss these results will occur on May 3 at noon Eastern Time, with access available via the Events page or by calling 844-735-3325. Additionally, the company has adopted the FASB's Accounting Standard Update 2018-12, effective January 1, 2023, with adjustments reflected in its Fourth Quarter 2022 Investor Supplement.

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Horace Mann Educators Corporation (NYSE:HMN) has released its 2022 Corporate Social Responsibility report, highlighting significant achievements in sustainability and community support. The company has reached a 50% reduction in carbon emissions ahead of its 2030 target, thanks to initiatives like installing energy-efficient HVAC systems and solar panels. In 2022, Horace Mann contributed nearly $1 million to various charitable causes, focusing on supporting educators amid a U.S. teacher shortage. The firm is committed to achieving net-zero carbon emissions by 2050 and enhancing transparency in its corporate governance practices.

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FAQ

What is the current stock price of Horace Mann Educators Corporation (HMN)?

The current stock price of Horace Mann Educators Corporation (HMN) is $40.93 as of November 21, 2024.

What is the market cap of Horace Mann Educators Corporation (HMN)?

The market cap of Horace Mann Educators Corporation (HMN) is approximately 1.7B.

What types of insurance does Horace Mann offer?

Horace Mann offers auto, homeowners, life insurance, and retirement annuities tailored to educators and their families.

Who founded Horace Mann Educators Corporation?

The company was founded in 1945 by two educators in Springfield, Illinois.

What is the focus of Horace Mann's financial products?

The company focuses on providing lifelong financial well-being for educators and their families through personalized service and advice.

What recent partnership has Horace Mann announced?

Horace Mann has partnered with SimpliSafe to offer discounted home security systems to its policyholders.

Why is Horace Mann named after the father of the American public education system?

The company changed its name to honor Horace Mann, who significantly contributed to the American public education system.

What are Horace Mann's main business segments?

The main segments include Property and Casualty, Supplemental & Group Benefits, Life & Retirement, and Corporate and Other.

How does Horace Mann market its products?

Horace Mann markets its products through professional agents and staff, many of whom are former teachers, to the educational community across the United States.

What is unique about Horace Mann's salesforce?

Several members of their salesforce are former teachers, enabling them to better understand and address the unique needs of educators.

How can policyholders benefit from the SimpliSafe partnership?

Policyholders can receive exclusive discounts on SimpliSafe home security systems and monitoring plans through a dedicated landing page.

Where is Horace Mann Educators Corporation headquartered?

The company is headquartered in Springfield, Illinois.

Horace Mann Educators Corporation

NYSE:HMN

HMN Rankings

HMN Stock Data

1.67B
40.01M
1.7%
104.2%
1.87%
Insurance - Property & Casualty
Fire, Marine & Casualty Insurance
Link
United States of America
SPRINGFIELD