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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) 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.
AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and Long-Term Issuer Credit Ratings of 'a' (Excellent) for Horace Mann Insurance Group and its subsidiaries. The FSR for Madison National Life is A- (Excellent), and the Long-Term ICR for Horace Mann Educators Corporation (HMN) is 'bbb' (Good). The outlook for all ratings is stable, reflecting strong balance sheet strength and adequate operating performance across the group. Horace Mann Life is a leading provider of fixed and variable annuities for educators, demonstrating consistent operating gains and favorable persistency.
Horace Mann Educators Corporation (NYSE:HMN) updated its full-year 2022 earnings guidance due to higher catastrophe losses and equity market declines. The new core earnings per share estimate is $2.10 to $2.30, with a second-quarter loss per share of 10 to 20 cents. Catastrophe losses are projected at $44 million to $47 million for Q2. Despite these challenges, sales momentum in the Supplemental & Group Benefits segment remains strong, and the company continues to support policyholders affected by severe weather. The second-quarter financial results will be announced on August 4.
Horace Mann Educators Corporation (NYSE: HMN) has authorized a share repurchase program of up to
Horace Mann Educators Corporation (NYSE:HMN) reported Q1 2022 results with revenues of $346.8 million, up 7.7% year-over-year. Net income plummeted 63.1% to $14.5 million, while core earnings fell 42.5% to $26.7 million. Property & Casualty earnings dropped significantly due to inflation and rising auto loss costs, with a combined ratio of 98.4% compared to 86.2% last year. Despite challenges, the company expects EPS to grow at an average annual rate of 10% from 2023. The adjusted book value per share rose 5% year-over-year, signaling some resilience amidst financial headwinds.
Horace Mann Educators Corporation (NYSE:HMN) will release its first-quarter 2022 results on May 5 after the market closes. A conference call to discuss these results is scheduled for May 6 at 11 a.m. Eastern Time. The company is restructuring its financial reporting into three segments: Property & Casualty, Life & Retirement, and Supplemental & Group Benefits, which includes results from the recently acquired Madison National Life Insurance Company. Historical data reflecting these changes is available on their investor site.
Horace Mann Educators Corporation (NYSE:HMN) has released its 2021 Corporate Social Responsibility report, emphasizing its commitment to stakeholder interests and progress towards net-zero carbon emissions. The report details a materiality assessment focused on key ESG topics, including business ethics and data privacy. The company aims to halve its Scope 1 and 2 carbon emissions by 2030 and achieve net-zero by 2050. Notably, initiatives at its headquarters like solar panel installation and HVAC upgrades are already underway. The report also highlights the Horace Mann Educators Foundation's community support efforts.
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