secwatch.observer — SEC 8-K summary
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Issuer:     HORACE MANN EDUCATORS CORP /DE/ (HMN)
CIK:        0000850141
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001628280-22-012710
Event type: earnings
Sentiment:  negative
Materiality: 0.82
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/850141/000162828022012710/0001628280-22-012710-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/850141/000162828022012710/hmn-20220505.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-012710

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