earnings
confidence high
sentiment positive
materiality 0.80
Horace Mann Q2 net income $1.11, core EPS $1.02; reaffirms 2021 guidance; plans Madison National acquisition
HORACE MANN EDUCATORS CORP /DE/
2021-Q2 EPS reported
$2.04
revenue$669,100,000
- Q2 net income $46.7M ($1.11 EPS), up 52% YoY; core earnings $42.8M ($1.02 EPS), up 52%.
- Total revenues $347.1M, up 10% YoY; net investment income rose $29M (+36%) on strong alternatives.
- Reaffirms 2021 core EPS guidance $3.50-$3.70, with ROE above 10%.
- Plans early-2022 acquisition of Madison National for employer-sponsored benefit products; expects mid-single-digit EPS accretion.
- Book value per share up 10% to $43.78; book value ex unrealized gains up 9% to $35.78.