Horace Mann Educators Corporation - HMN STOCK NEWS

Horace Mann Educators Corporation (NYSE:HMN) will release its Q1 2021 financial results on May 4, after market close. The quarterly news release and investor materials will be accessible on the company’s investor website. A conference call to discuss the results is scheduled for May 5 at 9 a.m. ET, available via webcast or by calling 844-735-3325. Founded in 1945, Horace Mann specializes in insurance and retirement solutions for educators, headquartered in Springfield, Ill.

According to a March 2021 report by Horace Mann Educators Corporation (NYSE:HMN), over 97% of K-12 educators believe students have experienced significant learning losses due to the COVID-19 pandemic. The study highlights that 57% of educators feel students are more than three months behind in social-emotional learning. Many educators express concern about the widening gap between struggling and high-performing students. However, the 2021-2022 school year offers potential for recovery as vaccines become available and social distancing guidelines adjust. Suggestions from educators include focusing on key concepts and increasing support for students.

Horace Mann Educators Corporation (NYSE:HMN) announced the departure of Wade Rugenstein, EVP Supplemental, effective April 15, 2021. Rugenstein joined Horace Mann in July 2019 during the acquisition of NTA Life Enterprises. His contributions were significant in integrating NTA into the Supplemental Insurance segment, which generated $43.1 million in core earnings for 2020. Following his exit, responsibilities will be redistributed among the existing leadership to maintain growth in the company's financial solutions for educators.

Horace Mann Educators Corporation (NYSE:HMN) has announced a 3.3% increase in its quarterly cash dividend, raising it to $0.31 per share, with an indicated annual dividend of $1.24 per share. This marks the 13th consecutive year of dividend increases. The dividend will be payable on March 31, 2021, to shareholders of record as of March 17, 2021. The company continues to repurchase shares, having acquired almost 40,000 shares in February for $1.5 million. Core earnings per share for 2021 are projected between $3.00 and $3.20.

Horace Mann Educators Corporation (NYSE:HMN) reported that its Student Loan Solutions (SLS) program identified over $100 million in Public Service Loan Forgiveness (PSLF) opportunities for educators in 2020, raising the lifetime total to over $350 million. The SLS program offers resources and coaching to help public school educators achieve loan forgiveness. Over 85% of participants benefit from reduced payments, saving an average of $330 monthly, or over $4,000 annually. The program is freely available to districts and educators, extending through the 2021-2022 school year.

Horace Mann Educators Corporation (NYSE:HMN) has established the Horace Mann Educators Foundation with an initial contribution of $1 million. The Foundation aims to support educators in enhancing student success through critical resources and initiatives. Its first grant of $25,000 will fund a social-emotional learning program in Springfield Public Schools. Additionally, the Foundation will match employee donations to nonprofit organizations, promoting community engagement. This initiative underscores Horace Mann's long-term commitment to educators and their communities.

Horace Mann Educators Corporation (NYSE:HMN) reported mixed financial results for the year ended December 31, 2020. Total revenues decreased by 8.9% to $1.31 billion, while net income fell 27.7% to $133.3 million. However, core earnings grew by 55.2% to $143.1 million, reflecting solid performance in the Property & Casualty segment with a combined ratio of 92.7%. The company expects core EPS in 2021 to range from $3.00 to $3.20, indicating positive future growth potential.

Horace Mann Educators Corporation (NYSE:HMN) anticipates releasing its fourth-quarter and full-year 2020 financial results on February 2, 2021, after market close, a day earlier than originally planned. The release will be available on the company’s investor website. A conference call to discuss these results is scheduled for February 3, 2021, at 9:30 a.m. Eastern Time, accessible via the Events page or by calling 844-735-3325. Horace Mann, based in Springfield, Illinois, focuses on providing insurance and retirement solutions for educators.

Horace Mann Educators Corporation (NYSE:HMN) is launching a Virtual Speaker Series for Educators in January and February 2021, aimed at honoring educators and providing motivational talks. The series includes three free one-hour sessions hosted by influential speakers: financial editor Jean Chatzky on January 12, educator Adam Welcome on February 2, and retired pilot Nicole Malachowski on February 16. Each session aims to inspire and empower educators, recognizing their hard work amidst challenges. Registration is available at horacemann.com.