earnings
confidence high
sentiment positive
materiality 0.75
Horace Mann Q1 net income $0.64 EPS, core EPS $0.60; P&C returns to profit; FY 2024 guidance reaffirmed
HORACE MANN EDUCATORS CORP /DE/
2024-Q1 EPS reported
$0.64
revenue$386,000,000
- Total revenue $386M, up 9% YoY; net premiums +8%; net investment income +7%.
- Net income $27M ($0.64 EPS) vs $6.6M ($0.16 EPS) in Q1 2023.
- Core earnings $25M ($0.60 EPS); adjusted core $26M ($0.62 EPS).
- P&C segment profit $11M; FY 2024 core EPS guidance unchanged at $3.00-$3.30.
- Book value $29.57; adjusted book value $36.52; dividend increased for 16th consecutive year.