Horace Mann Educators Corp Stock Price, News & Analysis

Horace Mann Educators (NYSE:HMN) reported strong financial results for Q4 and full-year 2024. The company achieved full-year net income of $103 million ($2.48 per share) and core earnings of $132 million ($3.18 per share). The fourth quarter delivered net income of $0.92 per share and record core earnings of $1.62 per share.

Key highlights include: net premiums and contract charges earned up 8% for the year and 10% for the quarter; total revenue increased 7% annually to $1.59 billion; Property & Casualty combined ratio improved to 97.9%, a 15-point improvement over the previous year. The company's book value per share reached $31.51, while adjusted book value was $37.54 at year-end.

Looking ahead, Horace Mann projects 2025 core EPS between $3.60 to $3.90, targeting a double-digit shareholder return on equity.

Horace Mann Educators (NYSE:HMN) has launched Catalyst, a new technology platform designed to transform how agents interact with and support educators. The platform features advanced capabilities including predictive analytics, seamless document integration, and streamlined marketing tools.

A key feature called Snap converts non-digital content into structured data within seconds, helping reduce administrative tasks. The platform aims to enable agents to focus more on building meaningful relationships with educators and addressing their specific financial needs.

Bobby Maksymowski, owner of the Maksymowski Agency and head of the National Agent Advisory Council at Horace Mann, highlighted how Catalyst's AI and marketing automation capabilities have transformed his work approach. Steve Chauby, head of marketing and distribution, emphasized that Catalyst represents the company's commitment to providing agents with modern tools for superior service delivery.

Horace Mann Educators (NYSE:HMN) has scheduled the release of its fourth-quarter 2024 financial results on Wednesday, February 5, after market close. The company will make available its quarterly news release, investor supplement, and investor presentation on their website at investors.horacemann.com.

A conference call to discuss the results is scheduled for Thursday, February 6 at 10:00 a.m. Eastern Time. Investors can participate through a webcast accessible via the Events page of the company's investor site or by calling 844-735-3325. An on-demand replay will be available later that day.

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.