earnings
confidence high
sentiment negative
materiality 0.75
Horace Mann Q3 net income $0.39, core EPS $0.50; P&C hit by catastrophe losses
HORACE MANN EDUCATORS CORP /DE/
2021-Q3 EPS reported
$2.43
revenue$998,700,000
- Net income $16.3M ($0.39/diluted) vs $36.5M ($0.87) a year ago; core earnings $21.4M ($0.50) vs $34.6M ($0.82).
- P&C segment had $38.6M pretax catastrophe losses (Hurricane Ida $23.7M); combined ratio 112% vs 96.5%.
- Management guides Q4 2021 core EPS $0.65-$0.80; full-year ROE approaching 10%.
- Madison National Life acquisition on track for early 2022; expects EPS accretion of $0.15-$0.20.