Horace Mann Q3 net income falls 43% to $0.28/share; core EPS $0.44 down 40% YoY

HORACE MANN EDUCATORS CORP /DE/

2023-Q3 EPS reported $0.13 revenue$1,089,000,000

Net income $11.7M ($0.28/diluted) vs $20.4M ($0.49) prior year; core earnings $18.3M ($0.44) vs $30.5M ($0.73).
Total revenues $378.7M, up 10.5% YoY; net investment income up 22%.
P&C segment net loss $11.3M (combined ratio 116.6%) vs loss $2.5M (107.5%), with catastrophe losses of $28.7M pretax.
Life & Retirement net income $21M; Supplemental & Group Benefits earnings positive.
Full-year 2023 EPS guidance maintained at $1.20-$1.45; 2024 core ROE target near 10%.

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 nine months ended September 30, 2023.

Period: the three and nine months ended September 30, 2023
Result: reported results

Exact text from the filing

On November 2, 2023, the Company issued a news release reporting its financial results for the three and nine months ended September 30, 2023.

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Source: SEC EDGAR

accession 0001628280-23-036446

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