Horace Mann Educators Corp Stock Price, News & Analysis

Horace Mann Educators (NYSE:HMN) has announced its expansion into New Jersey, extending its financial services to educators in the Garden State. The company, which already serves educators in over 40 states, will offer a comprehensive suite of financial and insurance solutions including credit monitoring, student loan services, auto, property, life and supplemental insurance, as well as retirement planning and educational workshops.

In New Jersey, auto and home insurance will be provided through a partnership with Plymouth Rock Assurance via their Teachers Insurance Plan of NJ. This expansion marks another milestone in Horace Mann's nearly 80-year history of serving America's educators.

Horace Mann Educators (NYSE:HMN) has announced that its Board of Directors has declared a regular quarterly cash dividend of $0.34 per share. The dividend will be payable on December 31, 2024, to shareholders who are on record as of December 16, 2024.

Horace Mann Educators (NYSE:HMN) has launched the 'Our Gratitude, Your Gift' campaign, offering twenty educators a chance to win $500 gift cards. The $10,000 campaign runs from November 25 through December 6, allowing educators to choose between Amazon or Target gift cards. The initiative aims to thank educators for their dedication to students and communities. Interested educators can enter the giveaway at horacemann.com/giveaways, with winners to be drawn on December 6.

Horace Mann Educators (NYSE:HMN) reported strong third-quarter 2024 results with net income of $34 million ($0.83 per share) and core earnings of $31 million ($0.76 per share). Total revenue increased 9% for the quarter, with net premiums and contract charges also up 9%. The Property & Casualty combined ratio improved to 97.9%, showing a 19-point improvement over the prior year. The company maintained its full-year 2024 core EPS guidance of $2.40-$2.70. Book value per share reached $31.60, while adjusted book value per share was $36.89 at quarter end.

Horace Mann Educators (NYSE:HMN) has announced a new partnership with TransUnion (NYSE: TRU) to enhance its financial wellness offerings for educators. The collaboration introduces HMScore™, a free credit education and tools program designed to empower teachers nationwide.

HMScore™ provides educators with access to their TransUnion credit report and score, credit monitoring, and TransUnion's score simulation tool. This digital interface aims to help educators understand their credit picture and actively manage their financial health. The program is part of Horace Mann's broader initiative to support educators' financial success, which includes services such as student loan assistance, insurance products, and retirement planning.

Educators can access these new tools by visiting horacemann.com/hmscore. This partnership reflects Horace Mann's ongoing commitment to providing innovative resources that support educators in achieving their financial goals.

Horace Mann Educators (NYSE:HMN) has announced plans to release its third-quarter 2024 financial results on Monday, November 4, after the market closes. The company will make available its third-quarter Quarterly Report on Form 10-Q, quarterly news release, investor supplement, and investor presentation on its website at investors.horacemann.com.

Following the release, Horace Mann will host a conference call to discuss the financial results on Tuesday, November 5 at 1:00 p.m. Eastern Time. Investors can access the call via webcast on the company's investor site or by dialing 844-735-3325. The company advises logging on to the site in advance to register and download any required audio software. An on-demand replay of the call will be available later that day.

Horace Mann Educators (NYSE:HMN) has announced key executive changes. Ryan Greenier will be appointed Executive Vice President and Chief Financial Officer on Oct. 1, 2024, succeeding Bret Conklin, who plans to retire in 2025. Greenier, previously Deputy CFO, brings strong financial experience and expertise to the role.

Additionally, Chief Operating Officer Stephen McAnena has assumed responsibility for Horace Mann's Worksite division, now overseeing all business operations. These changes are part of the company's thoughtful executive succession planning to ensure stability while executing its growth strategy.

President and CEO Marita Zuraitis expressed gratitude for Conklin's leadership and confidence in Greenier's capabilities to optimize the company's financial performance and maintain strong relationships with investors and rating agencies.

Horace Mann Educators (NYSE:HMN) has announced a regular quarterly cash dividend of $0.34 per share. The dividend will be payable on September 30, 2024, to shareholders of record as of September 16, 2024. This declaration by the Board of Directors demonstrates the company's commitment to providing consistent returns to its shareholders. The dividend announcement is a positive signal for investors, indicating the company's financial stability and confidence in its future performance.

Horace Mann Educators (NYSE:HMN) reported its second-quarter 2024 financial results. The company achieved net income of $4 million, or $0.09 per share, and core earnings of $8 million, or $0.20 per share. Total revenue increased by 9% for the quarter, with net premiums and contract charges earned up 8%. The Property & Casualty combined ratio improved by 13 points over the prior year. However, the company revised its full-year 2024 core EPS guidance to $2.40-$2.70 due to lower-than-expected net investment income in the Life & Retirement segment. Horace Mann's book value per share stood at $29.60, while the adjusted book value per share was $36.33 at quarter-end.