earnings
confidence high
sentiment negative
materiality 0.75
Horace Mann Q3 core EPS $0.57 beats year ago; cuts FY2022 core guidance to $1.70-$2.00
HORACE MANN EDUCATORS CORP /DE/
2022-Q3 EPS reported
$0.38
revenue$1,036,100,000
- Q3 total revenues $343M (+4.1% YoY); core EPS $0.57 vs $0.50 a year ago.
- P&C segment underlying loss ratio 69.3% (vs 61.4%) due to inflation; combined ratio 107.5%.
- FY2022 core EPS guidance revised to $1.70-$2.00 from prior range, citing inflation and market volatility.
- Plans auto rate increases of 15%-16% and property rate increases of 8%-9% over next five quarters.
- Expects double-digit ROE trajectory to resume in 2023; high-single digit ROE target set for 2023.