Horace Mann Q2 net loss $13M ($0.31/sh); core EPS $0.03; $41.5M catastrophe losses

HORACE MANN EDUCATORS CORP /DE/

2023-Q2 EPS reported -$0.15 revenue$710,300,000

Net loss of $12.8M ($0.31 diluted EPS); core earnings of $0.9M ($0.03/sh) vs $8M core earnings in prior year.
Catastrophe losses of $41.5M pretax drove P&C segment core loss; P&C net premiums written up 8.2% to $170.9M.
FY2023 core EPS guidance reaffirmed at $1.20-$1.45; P&C segment core loss guidance $27M-$32M due to weather.
Filed 20% CA auto rate increase and 25% CA property rate increase; cumulative auto rate actions ~25% by year-end 2023.
Life & Retirement core earnings guidance $63M-$65M; Supplemental & Group Benefits core earnings guidance $47M-$50M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HORACE MANN EDUCATORS CORP /DE/ reported financial results for the three and six months ended June 30, 2023.

Period: the three and six months ended June 30, 2023
Result: reported results

Exact text from the filing

On August 1, 2023, the Company issued a news release reporting its financial results for the three and six months ended June 30, 2023.

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Source: SEC EDGAR

accession 0001628280-23-026476

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