dividend
confidence high
sentiment positive
materiality 0.65
Horace Mann raises dividend 3.1% to $0.33/qtr; guides 2024 core EPS near $4
HORACE MANN EDUCATORS CORP /DE/
- Dividend increased 3.1% to $0.33/share quarterly ($1.32 annual); payable March 31, 2023 to holders of record March 16, 2023.
- 2023 core EPS guidance $2.00-$2.30; 2024 core EPS approaching $4 with double-digit ROE.
- Worksite Division sales in Jan-Feb 2023: direct products up >150% YoY, employer-sponsored up >50%.
- Targeted 2023 rate increases: auto 18-20%, property 12-15%; 2024 combined ratio targets 97-98% auto, 92-93% property.