Horace Mann Educators Corporation - HMN STOCK NEWS

Horace Mann Educators Corporation (NYSE:HMN) announced its President & CEO Marita Zuraitis will present at Raymond James & Associates’ 43rd Annual Institutional Investors Conference in Orlando, Florida, on March 8, 2022, at 11 a.m. ET. A live audio webcast will be accessible via the Events page on the company’s investor relations website, with a replay available later that same day. Founded in 1945, Horace Mann focuses on providing financial services tailored for educators, headquartered in Springfield, Illinois.

Horace Mann Educators Corporation (NYSE:HMN) reported fourth-quarter 2021 net income of $0.96 and core earnings of $0.97 per share. Full-year net income increased to $3.39 per share, an increase of 6.9%, driven by an 18% rise in net investment income. The company recorded after-tax catastrophe losses of $9 million, but despite this, the fourth quarter's earnings surpassed expectations. Book value per share rose 1% year-over-year, while the outlook for 2022 projects EPS between $3.45 and $3.65 and a return on equity of 10%.

Horace Mann Educators Corporation (NYSE:HMN) will release its fourth-quarter and full-year 2021 results on February 1, after market close. A conference call to discuss these results is scheduled for February 2 at 10 a.m. ET. The financial information will be available on the company’s investor website. Founded in 1945, Horace Mann is dedicated to providing financial services tailored for educators, emphasizing its mission to help them achieve lifelong financial success.

Horace Mann Educators Corporation (NYSE:HMN) has successfully acquired Madison National Life Insurance Company, enhancing its offerings in group life, disability, and specialty health insurance for educators. Funded through cash and credit, the transaction will elevate Horace Mann's leverage ratio to approximately 25% by year-end 2021. The acquisition is expected to provide EPS accretion between 15 to 20 cents and contribute about 50 basis points to ROE. Additionally, a $20,000 donation to the Madison Public Schools Foundation emphasizes the company’s commitment to supporting educators.

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.