Horace Mann Educators Corp Stock Price, News & Analysis

Horace Mann Educators Corporation (NYSE:HMN) will release its first-quarter 2022 results on May 5 after the market closes. A conference call to discuss these results is scheduled for May 6 at 11 a.m. Eastern Time. The company is restructuring its financial reporting into three segments: Property & Casualty, Life & Retirement, and Supplemental & Group Benefits, which includes results from the recently acquired Madison National Life Insurance Company. Historical data reflecting these changes is available on their investor site.

Horace Mann Educators Corporation (NYSE:HMN) has released its 2021 Corporate Social Responsibility report, emphasizing its commitment to stakeholder interests and progress towards net-zero carbon emissions. The report details a materiality assessment focused on key ESG topics, including business ethics and data privacy. The company aims to halve its Scope 1 and 2 carbon emissions by 2030 and achieve net-zero by 2050. Notably, initiatives at its headquarters like solar panel installation and HVAC upgrades are already underway. The report also highlights the Horace Mann Educators Foundation's community support efforts.

Horace Mann Educators Corporation (NYSE:HMN) announced a 3.2% increase in its quarterly cash dividend to $0.32 per share, resulting in an indicated annual dividend of $1.28. This marks the 14th consecutive year of dividend increases and reflects the company's commitment to long-term shareholder value. CEO Marita Zuraitis emphasized expectations of generating over $50 million in excess capital annually and targeted core earnings per share between $3.45 and $3.65 for 2022. The dividend is payable on March 31, 2022.

Horace Mann Educators Corporation (NYSE:HMN) announced its President & CEO Marita Zuraitis will present at Raymond James & Associates’ 43rd Annual Institutional Investors Conference in Orlando, Florida, on March 8, 2022, at 11 a.m. ET. A live audio webcast will be accessible via the Events page on the company’s investor relations website, with a replay available later that same day. Founded in 1945, Horace Mann focuses on providing financial services tailored for educators, headquartered in Springfield, Illinois.

Horace Mann Educators Corporation (NYSE:HMN) reported fourth-quarter 2021 net income of $0.96 and core earnings of $0.97 per share. Full-year net income increased to $3.39 per share, an increase of 6.9%, driven by an 18% rise in net investment income. The company recorded after-tax catastrophe losses of $9 million, but despite this, the fourth quarter's earnings surpassed expectations. Book value per share rose 1% year-over-year, while the outlook for 2022 projects EPS between $3.45 and $3.65 and a return on equity of 10%.

Horace Mann Educators Corporation (NYSE:HMN) will release its fourth-quarter and full-year 2021 results on February 1, after market close. A conference call to discuss these results is scheduled for February 2 at 10 a.m. ET. The financial information will be available on the company’s investor website. Founded in 1945, Horace Mann is dedicated to providing financial services tailored for educators, emphasizing its mission to help them achieve lifelong financial success.

Horace Mann Educators Corporation (NYSE:HMN) has successfully acquired Madison National Life Insurance Company, enhancing its offerings in group life, disability, and specialty health insurance for educators. Funded through cash and credit, the transaction will elevate Horace Mann's leverage ratio to approximately 25% by year-end 2021. The acquisition is expected to provide EPS accretion between 15 to 20 cents and contribute about 50 basis points to ROE. Additionally, a $20,000 donation to the Madison Public Schools Foundation emphasizes the company’s commitment to supporting educators.

The US Department of Education’s expansion of the Public Service Loan Forgiveness (PSLF) program has significantly increased demand for Horace Mann's Student Loan Solutions program, tripling its users. Educators who have utilized this program report substantial debt relief, with average forgiveness around $52,000 and savings of $280 per month. The Limited PSLF Waiver allows borrowers to count past payments toward forgiveness, expiring on October 31, 2022. Horace Mann aims to assist educators in navigating these changes to alleviate their substantial student debt burdens.

Horace Mann Educators Corporation (HMN) has declared a quarterly cash dividend of $0.31 per share, to be paid on December 31, 2021. Shareholders on record as of December 16, 2021 will receive this dividend. Founded in 1945 and headquartered in Springfield, Illinois, Horace Mann is focused on providing financial services to educators and those serving the community. The company emphasizes its commitment to the financial well-being of its clients and continues to support them through various insurance and retirement solutions.