other material
confidence high
sentiment positive
materiality 0.80
Horace Mann raises 2021 EPS guidance to $3.50-$3.70, over 15% increase
HORACE MANN EDUCATORS CORP /DE/
- Revised 2021 EPS guidance to $3.50-$3.70 from $3.00-$3.20, driven by strong net investment income and lower Q2 catastrophe losses.
- Net investment income guidance raised to $385M-$405M (from $370M-$390M) due to outsized returns on alternatives portfolio in Q2.
- Q2 catastrophe losses expected at $15M-$18M, significantly below original plan; H2 catastrophe loss assumption unchanged at $20M-$25M.
- Core return on equity now expected above 10% for full year 2021.
- Auto loss ratios returning to pre-pandemic levels; Supplemental policyholder behavior recovering slower than expected.