Horace Mann Educators Corp Stock Price, News & Analysis

Horace Mann Educators Corporation (NYSE:HMN) announced its expected core earnings per share (EPS) for Q1 2023 in the range of $0.21 to $0.23, impacted by significant catastrophe losses due to weather events, particularly in March. Catastrophe losses are projected at $22 million to $23 million, compared to $7.3 million in the same quarter last year, contributing 15 points to the combined ratio. Despite these challenges, the company maintains its full-year EPS outlook between $2.00 and $2.30 and aims for a double-digit return on equity by 2024, with core EPS anticipated to reach $4. A financial results conference call is scheduled for May 3.

Horace Mann Educators Corporation (NYSE: HMN) announced the appointment of Stephen J. McAnena as Executive Vice President and Chief Operating Officer, effective May 8, 2023. McAnena brings extensive experience from his previous roles at Farmers Insurance and Liberty Mutual, where he successfully drove profitable growth. His focus at Horace Mann will be on retail market opportunities to support household acquisition and market share expansion, aligning with the company's goal to provide tailored solutions for educators. CEO Marita Zuraitis expressed confidence in McAnena's ability to enhance value and advance the company’s strategic plans. Founded in 1945, Horace Mann is dedicated to helping educators achieve financial success.