earnings
confidence high
sentiment neutral
materiality 0.80
Horace Mann Q2 net income $4M, core EPS $0.20; revises FY2024 guidance to $2.40-$2.70
HORACE MANN EDUCATORS CORP /DE/
2024-Q2 EPS reported
$0.73
revenue$774,100,000
- Q2 net income $3.8M ($0.09 diluted) vs. loss $12.8M in Q2 2023; core earnings $8.4M ($0.20 diluted).
- Total revenue $388.1M, up 9% YoY; net premiums and contract charges earned up 8%.
- P&C combined ratio improved 13 pts YoY, including 3.5 pts favorable prior-year reserve development.
- Full-year 2024 core EPS guidance revised to $2.40-$2.70 due to lower expected net investment income in Life & Retirement.
- Adjusted book value per share $36.33, up 2.2% YoY.