Horace Mann Educators Corporation - HMN STOCK NEWS

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.

Horace Mann Educators Corporation (NYSE: HMN) reported strong financial results for Q2 2021, with total revenues of $347.1 million, up 10.2% year-over-year. Net income surged 53.1% to $46.7 million, with core earnings increasing 52.9% to $42.8 million. The company anticipates full-year core EPS between $3.50 and $3.70 and a return on equity exceeding 10%. Notably, annuity contract deposits rose 15.6%. The acquisition of Madison National Life is expected to enhance product offerings and distribution.

Horace Mann Educators Corporation (NYSE:HMN) will announce its second-quarter 2021 results on August 2, after market closure. The financial results will be accessible on the company’s investor website. A conference call to discuss these results is scheduled for August 3 at 8 a.m. Eastern Time, with access available via webcast or by calling 844-735-3325. Founded in 1945, Horace Mann is the largest financial services company dedicated to insurance and retirement solutions for America's educators.

AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- for National Teachers Associates Life Insurance Company and its affiliate, NTA Life Insurance Company. The Long-Term Issuer Credit Ratings (ICRs) were also raised to 'a' from 'a-.' Concurrently, the FSR and ICR of Horace Mann Life Insurance Company and its property/casualty members remain at A (Excellent). The stable outlook reflects the companies' strong balance sheets and consistent performance despite recent challenges. Horace Mann's acquisition of Madison National Life is expected to diversify earnings and enhance value in the education market.

Horace Mann Educators Corporation (NYSE:HMN) has signed a definitive agreement to acquire Madison National Life Insurance Company for $172.5 million. This acquisition is expected to enhance Horace Mann's market presence, particularly in providing employer-paid benefits to educators, as K-12 school districts represent 80% of Madison National's premiums. The transaction is projected to contribute $7 million to $9 million or $0.15 to $0.20 per share to earnings within its first year. The deal is subject to regulatory approval and aims to close in early 2022.

Horace Mann Educators Corporation (NYSE:HMN) has raised its 2021 EPS guidance by over 15%, now expecting $3.50 to $3.70, up from $3.00 to $3.20. This revision is driven by strong second-quarter net investment income and lower catastrophe losses, estimated at $15 million to $18 million, significantly under previous expectations. The company anticipates total net investment income for the year to reach $385 million to $405 million. Despite signs of improving Auto loss ratios, Supplemental policyholder behavior remains sluggish as the post-vaccine environment unfolds.

Horace Mann Educators Corporation (NYSE:HMN) has declared a quarterly cash dividend of $0.31 per share, scheduled for payment on June 30, 2021. The record date for shareholders is June 16, 2021. Founded in 1945, Horace Mann focuses on financial services for educators, providing insurance and retirement solutions.