Horace Mann expects Q4 P&C segment loss of $25-29M after tax from weather and reserve hikes

HORACE MANN EDUCATORS CORP /DE/

2022-FY EPS reported -$0.06 revenue$1,382,900,000

Q4 P&C segment loss estimated at $25M-$29M after tax, driven by severe weather and higher loss costs.
Winter Storm Elliott caused ~$8M pretax property losses across 30+ states in late December.
Adding ~$14M pretax to prior-year P&C reserves and ~$5M to reserves for first three quarters of 2022.
Company accelerating rate increases and non-rate underwriting actions to restore profitability.
Full Q4 and FY 2022 results to be released Feb. 7; investor call Feb. 8.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HORACE MANN EDUCATORS CORP /DE/ reported preliminary financial results for fourth quarter 2022.

Period: fourth quarter 2022
Result: preliminary results

Exact text from the filing

On January 24, 2023, the Company issued a news release announcing preliminary fourth quarter 2022 Property & Casualty segment results.

View on SEC.gov

Browse all earnings releases →

HORACE MANN EDUCATORS CORP /DE/ filing history →

Source: SEC EDGAR

accession 0001628280-23-001486

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.