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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.
Horace Mann Educators Corporation (NYSE:HMN) announced a 3.1% increase in its quarterly cash dividend to $0.33 per share, payable on March 31, 2023, to shareholders of record as of March 16, 2023. This marks the 15th consecutive year of dividend increases, showcasing a commitment to shareholder value. Management projects a return to double-digit return on equity (ROE) by 2024 with core EPS nearing $4. Strong sales growth is reported, with Worksite Division sales up over 150% in early 2023. Rate increases for auto (18%-20%) and property (12%-15%) are on track for targeted combined ratios in 2024.
Horace Mann Educators Corporation (NYSE: HMN) reported a significant net loss of $18.5 million, or $0.45 per share, for Q4 2022, and an annual net loss of $2.6 million, or $0.06 per share. Core earnings for 2022 were $45.7 million, or $1.09 per share, but a core loss of $4.7 million, or $0.11 per share, was recorded for Q4. The company experienced realized investment losses and elevated loss costs in its Property & Casualty segment, which saw a combined ratio of 128%. The firm anticipates 2023 core earnings per share between $2.00 and $2.30 and aims for a return on equity (ROE) of approximately 10% by 2024.
According to a February 2023 report by Horace Mann Educators Corporation (NYSE: HMN), over 60% of public K-12 educators are contemplating leaving their positions. Factors driving this trend include staff shortages, stress, and financial concerns. The research indicates that 30% of educators plan to exit the profession within three years, with an additional 33% considering it. Furthermore, 80% of educators believe understaffing significantly impacts both students and teachers. While educators seek improved salaries and support, chronic understaffing is pushing many towards leaving, raising concerns about the educational workforce's future.
Horace Mann Educators Corporation (NYSE:HMN) expects a fourth-quarter loss of
Horace Mann Educators Corporation (NYSE:HMN) will announce its fourth-quarter and full-year 2022 results on February 7, after market close. This information, along with an investor supplement and presentation, will be accessible on the company’s website. A conference call to discuss these results is scheduled for February 8 at 12 p.m. Eastern Time, with options for web access or dialing in. Founded in 1945, Horace Mann focuses on providing financial services tailored for educators, aiming to support their lifelong financial success.
Horace Mann Educators Corporation (NYSE:HMN) has declared a quarterly cash dividend of
Horace Mann Educators Corporation (NYSE: HMN) reported Q3 2022 earnings of $13.9 million, down 14.7% year-over-year. Total revenues increased by 4.1% to $343 million, while core earnings rose 12.1% to $24 million, aided by strong performance in the Supplemental & Group Benefits segment, which contributed $19 million. However, net investment losses totaled $10.1 million. The company revised full-year core EPS guidance to $1.70 - $2.00 due to inflationary pressures and market volatility. Aiming for high-single digit return on equity in 2023, Horace Mann remains focused on growth in the education market.
Horace Mann Educators Corporation (NYSE:HMN) will announce its third-quarter 2022 results on
Founded in 1945, Horace Mann focuses on providing financial services tailored to educators, headquartered in Springfield, Illinois.
Horace Mann Educators Corporation (NYSE:HMN) has announced a quarterly cash dividend of $0.32 per share, payable on September 30, 2022, to shareholders of record as of September 16, 2022. This dividend highlights the company's commitment to returning value to its investors while serving the educator community through tailored financial solutions. Founded in 1945, Horace Mann focuses on helping educators achieve lifelong financial success.
Horace Mann Educators Corporation (NYSE:HMN) reported a second-quarter net loss of $0.30 per share, attributed to high catastrophe losses and inflation's impact on auto insurance. Total revenues decreased slightly by 0.2% to $346.3 million, while net investment income was $79 million. Core EPS guidance for 2022 has been revised upward to $2.15 to $2.35. Sales momentum in the Supplemental & Group Benefits segment surged 83%. However, the Property & Casualty segment experienced a significant net loss, with a combined ratio of 126.9%. The company remains focused on enhancing shareholder value through share repurchase programs.
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