Horace Mann Q1 core EPS $0.23 vs $0.77 YoY; FY guidance unchanged at $2.00-$2.30

HORACE MANN EDUCATORS CORP /DE/

2023-Q1 EPS reported $0.16 revenue$353,900,000

Net income $6.6M ($0.16 diluted), down 67.5%; core earnings $9.7M ($0.23), down 70.2% from Q1 2022.
Catastrophe losses rose to $22M pretax from $7M in prior-year quarter, impacting P&C segment.
FY 2023 core EPS guidance reaffirmed at $2.00-$2.30; 2024 ROE target 10% with core EPS approaching $4.
P&C segment core earnings guidance cut to breakeven-$5M; S&GB segment guidance raised to $45M-$49M.
Auto rate increases planned cumulative 18%-20% by year-end 2023; property rate increases 12%-15%.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HORACE MANN EDUCATORS CORP /DE/ reported financial results for three months ended March 31, 2023.

Period: three months ended March 31, 2023
Result: reported results

Exact text from the filing

On May 2, 2023, the Company issued a news release reporting its financial results for the three months ended March 31, 2023.

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Source: SEC EDGAR

accession 0001628280-23-014890

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