Horace Mann estimates Q3 2021 catastrophe losses $35-40M, partly from Hurricane Ida

HORACE MANN EDUCATORS CORP /DE/

Pretax catastrophe losses estimated at $35-40M in Q3 2021, with Hurricane Ida contributing $20-25M.
24 PCS-designated catastrophe events in Q3 2021 vs. 30 in Q3 2020 and 17 in Q3 2019.
Company will report full Q3 2021 results on Nov 3 and host a conference call Nov 4 at 11:00 AM ET.
Management expects Q4 2021 catastrophe losses to be in line with its $7-9M 10-year average.
Net investment income and Supplemental segment sales trends cited as partially offsetting factors.

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