Horace Mann Educators Corp Stock Price, News & Analysis

Horace Mann Educators Corporation (NYSE: HMN) reported strong financial results for Q2 2021, with total revenues of $347.1 million, up 10.2% year-over-year. Net income surged 53.1% to $46.7 million, with core earnings increasing 52.9% to $42.8 million. The company anticipates full-year core EPS between $3.50 and $3.70 and a return on equity exceeding 10%. Notably, annuity contract deposits rose 15.6%. The acquisition of Madison National Life is expected to enhance product offerings and distribution.

Horace Mann Educators Corporation (NYSE:HMN) will announce its second-quarter 2021 results on August 2, after market closure. The financial results will be accessible on the company’s investor website. A conference call to discuss these results is scheduled for August 3 at 8 a.m. Eastern Time, with access available via webcast or by calling 844-735-3325. Founded in 1945, Horace Mann is the largest financial services company dedicated to insurance and retirement solutions for America's educators.

AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- for National Teachers Associates Life Insurance Company and its affiliate, NTA Life Insurance Company. The Long-Term Issuer Credit Ratings (ICRs) were also raised to 'a' from 'a-.' Concurrently, the FSR and ICR of Horace Mann Life Insurance Company and its property/casualty members remain at A (Excellent). The stable outlook reflects the companies' strong balance sheets and consistent performance despite recent challenges. Horace Mann's acquisition of Madison National Life is expected to diversify earnings and enhance value in the education market.

Horace Mann Educators Corporation (NYSE:HMN) has signed a definitive agreement to acquire Madison National Life Insurance Company for $172.5 million. This acquisition is expected to enhance Horace Mann's market presence, particularly in providing employer-paid benefits to educators, as K-12 school districts represent 80% of Madison National's premiums. The transaction is projected to contribute $7 million to $9 million or $0.15 to $0.20 per share to earnings within its first year. The deal is subject to regulatory approval and aims to close in early 2022.

Horace Mann Educators Corporation (NYSE:HMN) has raised its 2021 EPS guidance by over 15%, now expecting $3.50 to $3.70, up from $3.00 to $3.20. This revision is driven by strong second-quarter net investment income and lower catastrophe losses, estimated at $15 million to $18 million, significantly under previous expectations. The company anticipates total net investment income for the year to reach $385 million to $405 million. Despite signs of improving Auto loss ratios, Supplemental policyholder behavior remains sluggish as the post-vaccine environment unfolds.

Horace Mann Educators Corporation (NYSE:HMN) has declared a quarterly cash dividend of $0.31 per share, scheduled for payment on June 30, 2021. The record date for shareholders is June 16, 2021. Founded in 1945, Horace Mann focuses on financial services for educators, providing insurance and retirement solutions.

Horace Mann reported solid Q1 2021 results, with total revenues of $322 million, up 4.8% from Q1 2020. Net income surged 112.4% to $39.3 million, translating to EPS of $0.93, an increase of 111.4%. Core earnings reached $46.4 million, a 40.6% rise year-over-year. Book value per share also grew by 14.1% to $40.83. The company anticipates full-year core EPS guidance of $3.00 to $3.20. While the Property and Casualty segment saw a decline in premiums written, improvements in the combined ratio to 86.2% highlight operational efficiency. Overall, the positive performance indicates strength as the company adapts post-pandemic.

Horace Mann Educators Corporation (NYSE:HMN) will release its Q1 2021 financial results on May 4, after market close. The quarterly news release and investor materials will be accessible on the company’s investor website. A conference call to discuss the results is scheduled for May 5 at 9 a.m. ET, available via webcast or by calling 844-735-3325. Founded in 1945, Horace Mann specializes in insurance and retirement solutions for educators, headquartered in Springfield, Ill.

According to a March 2021 report by Horace Mann Educators Corporation (NYSE:HMN), over 97% of K-12 educators believe students have experienced significant learning losses due to the COVID-19 pandemic. The study highlights that 57% of educators feel students are more than three months behind in social-emotional learning. Many educators express concern about the widening gap between struggling and high-performing students. However, the 2021-2022 school year offers potential for recovery as vaccines become available and social distancing guidelines adjust. Suggestions from educators include focusing on key concepts and increasing support for students.