---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-012710"
form_type: "8-K"
ticker: "HMN"
cik: "0000850141"
company_name: "HORACE MANN EDUCATORS CORP /DE/"
filed_at: "2022-05-05T23:59:59+00:00"
generated_at: "2026-06-26T00:10:49.063612+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.82
calibrated_materiality_score: 0.82
confidence: "high"
source: SEC EDGAR
---

# Horace Mann Q1 net income falls 63%; core EPS $0.64 vs $1.10; guidance lowered to low end of $3.45-$3.65

## Summary
- Net income $14.5M ($0.35 diluted EPS) vs $39.3M ($0.93) in Q1 2021; core earnings $26.7M ($0.64) vs $46.4M ($1.10).
- Property & Casualty combined ratio 98.4% (vs 86.2%); auto combined ratio 101.8% driven by inflation and frequency near pre-pandemic levels.
- 2022 EPS guidance narrowed to lower end of $3.45-$3.65 range; targeting 10% avg annual EPS growth and double-digit ROEs from 2023.
- Completed acquisition of Madison National Life (effective Jan 1, 2022), adding ~340K educator households and new employer-sponsored product line.
- Book value per share down 9% to $37.14 due to higher rates; adjusted book value per share up 5% to $36.65.

## SEC filing metadata
- accession: 0001628280-22-012710
- form_type: 8-K
- ticker: HMN
- cik: 0000850141
- company_name: HORACE MANN EDUCATORS CORP /DE/
- filed_at: 2022-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.82
- calibrated_materiality_score: 0.82
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/850141/000162828022012710/0001628280-22-012710-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/850141/000162828022012710/hmn-20220505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-012710
- JSON: https://secwatch.observer/filing/0001628280-22-012710.json
- Plain text: https://secwatch.observer/filing/0001628280-22-012710.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.