Horace Mann Educators Corp Stock Price, News & Analysis

Horace Mann Educators Corporation (NYSE:HMN) will announce its fourth-quarter and full-year 2022 results on February 7, after market close. This information, along with an investor supplement and presentation, will be accessible on the company’s website. A conference call to discuss these results is scheduled for February 8 at 12 p.m. Eastern Time, with options for web access or dialing in. Founded in 1945, Horace Mann focuses on providing financial services tailored for educators, aiming to support their lifelong financial success.

Horace Mann Educators Corporation (NYSE:HMN) has declared a quarterly cash dividend of $0.32 per share, payable on December 30, 2022. Shareholders of record as of December 15, 2022 will receive this dividend. Founded in 1945, Horace Mann is dedicated to providing financial services tailored to educators, making it the largest financial services company focused on this community. For more information, visit horacemann.com.

Horace Mann Educators Corporation (NYSE: HMN) reported Q3 2022 earnings of $13.9 million, down 14.7% year-over-year. Total revenues increased by 4.1% to $343 million, while core earnings rose 12.1% to $24 million, aided by strong performance in the Supplemental & Group Benefits segment, which contributed $19 million. However, net investment losses totaled $10.1 million. The company revised full-year core EPS guidance to $1.70 - $2.00 due to inflationary pressures and market volatility. Aiming for high-single digit return on equity in 2023, Horace Mann remains focused on growth in the education market.

Horace Mann Educators Corporation (NYSE:HMN) will announce its third-quarter 2022 results on Nov. 3, after market closure. The results will be accessible via the company’s website, along with an investor supplement and presentation. Following the release, a conference call is scheduled for Nov. 4 at 11 a.m. Eastern Time to discuss the financial performance.

Founded in 1945, Horace Mann focuses on providing financial services tailored to educators, headquartered in Springfield, Illinois.

Horace Mann Educators Corporation (NYSE:HMN) has announced a quarterly cash dividend of $0.32 per share, payable on September 30, 2022, to shareholders of record as of September 16, 2022. This dividend highlights the company's commitment to returning value to its investors while serving the educator community through tailored financial solutions. Founded in 1945, Horace Mann focuses on helping educators achieve lifelong financial success.

Horace Mann Educators Corporation (NYSE:HMN) reported a second-quarter net loss of $0.30 per share, attributed to high catastrophe losses and inflation's impact on auto insurance. Total revenues decreased slightly by 0.2% to $346.3 million, while net investment income was $79 million. Core EPS guidance for 2022 has been revised upward to $2.15 to $2.35. Sales momentum in the Supplemental & Group Benefits segment surged 83%. However, the Property & Casualty segment experienced a significant net loss, with a combined ratio of 126.9%. The company remains focused on enhancing shareholder value through share repurchase programs.

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and Long-Term Issuer Credit Ratings of 'a' (Excellent) for Horace Mann Insurance Group and its subsidiaries. The FSR for Madison National Life is A- (Excellent), and the Long-Term ICR for Horace Mann Educators Corporation (HMN) is 'bbb' (Good). The outlook for all ratings is stable, reflecting strong balance sheet strength and adequate operating performance across the group. Horace Mann Life is a leading provider of fixed and variable annuities for educators, demonstrating consistent operating gains and favorable persistency.

Horace Mann Educators Corporation (NYSE:HMN) updated its full-year 2022 earnings guidance due to higher catastrophe losses and equity market declines. The new core earnings per share estimate is $2.10 to $2.30, with a second-quarter loss per share of 10 to 20 cents. Catastrophe losses are projected at $44 million to $47 million for Q2. Despite these challenges, sales momentum in the Supplemental & Group Benefits segment remains strong, and the company continues to support policyholders affected by severe weather. The second-quarter financial results will be announced on August 4.

Horace Mann Educators Corporation (NYSE: HMN) has authorized a share repurchase program of up to $50 million, following a total of $95.5 million repurchased since 2011. The company targets a 10% average annual EPS growth and plans to generate over $50 million in excess capital annually. A quarterly cash dividend of $0.32 per share was declared, reflecting a 3.2% increase from March 2022. This commitment underscores Horace Mann's intention to enhance shareholder value while continuing strategic growth initiatives.