Horace Mann Educators Corporation - HMN STOCK NEWS

The US Department of Education’s expansion of the Public Service Loan Forgiveness (PSLF) program has significantly increased demand for Horace Mann's Student Loan Solutions program, tripling its users. Educators who have utilized this program report substantial debt relief, with average forgiveness around $52,000 and savings of $280 per month. The Limited PSLF Waiver allows borrowers to count past payments toward forgiveness, expiring on October 31, 2022. Horace Mann aims to assist educators in navigating these changes to alleviate their substantial student debt burdens.

Horace Mann Educators Corporation (HMN) has declared a quarterly cash dividend of $0.31 per share, to be paid on December 31, 2021. Shareholders on record as of December 16, 2021 will receive this dividend. Founded in 1945 and headquartered in Springfield, Illinois, Horace Mann is focused on providing financial services to educators and those serving the community. The company emphasizes its commitment to the financial well-being of its clients and continues to support them through various insurance and retirement solutions.

Horace Mann Educators Corporation (NYSE: HMN) has appointed Thomas A. Bradley to its Board of Directors, effective immediately. Bradley, who has extensive experience in the insurance and financial services sectors, previously served as executive vice president and CFO of Allied World Assurance Company. His appointment is expected to enhance the Board's financial governance, particularly amid the company's ongoing expansion and the pending acquisition of Madison National Life. The Board Chair and President praised Bradley's expertise and commitment to serving educators.

Horace Mann Educators Corporation (NYSE:HMN) reported Q3 2021 results showing core earnings and net income decreased by 39% and 55% respectively, impacted by $38.6M in catastrophe losses. Despite this, total revenues rose by 4.2% year-over-year to $998.7M. Book value per share increased by 4% to $43.30. Net investment income grew by 11%, attributed to strong alternative investment returns. Fourth-quarter EPS is projected between $0.65 and $0.80. The anticipated acquisition of Madison National is expected to add $0.15-$0.20 to EPS in 2022.

Perry Hines, a director at Horace Mann Educators Corporation (NYSE: HMN), has been recognized in Savoy Magazine’s 2021 Most Influential Black Directors list. Hines, who joined the board in 2018, contributes strategic marketing and financial services expertise and is a member of the Audit and Investments & Finance Committees. Chairman H. Wade Reece noted Hines' focus on continuous improvement within the organization. Hines expressed pride in helping educators safeguard their future.

Horace Mann Educators Corporation (NYSE:HMN) announced third-quarter catastrophe losses expected between $35 million and $40 million, primarily due to Hurricane Ida, which accounts for $20 million to $25 million of that loss. The company reported 24 designated catastrophe events this quarter versus 30 last year. Despite these losses, strong net investment income and positive sales trends are anticipated. The fourth quarter is projected to have losses in line with a $7 million to $9 million average.

Horace Mann Educators Corporation (NYSE:HMN) has partnered with the International Association of Fire Fighters Financial Corporation (IAFF-FC) to provide supplemental cancer, heart, and hospital insurance to IAFF’s 324,000+ members in the U.S. and Canada. This voluntary benefit is designed to cover out-of-pocket costs associated with accidents, illnesses, or health emergencies, complementing existing insurance coverages. Both organizations aim to address the insurance needs of firefighters and emergency responders, emphasizing health and wellness amidst changing healthcare landscapes.

Horace Mann Educators Corporation (NYSE:HMN) declared a quarterly cash dividend of $0.31 per share, payable on September 30, 2021. Shareholders of record as of September 16, 2021 will receive this dividend. This announcement underscores the company's commitment to returning value to its investors while continuing to focus on providing financial services tailored for educators and school employees.

Horace Mann Educators Corporation (NYSE:HMN) will have its executive leadership team participate in a fireside chat at the Virtual KBW Insurance Conference on Sept. 10 at 8 a.m. ET. Key representatives include Marita Zuraitis, President and CEO, and Bret Conklin, CFO. A live audio webcast will be accessible on their Events page, with a replay available later the same day. Founded in 1945, Horace Mann is dedicated to providing insurance and retirement solutions specifically for American educators.