earnings
confidence high
sentiment positive
materiality 0.75
Horace Mann Q3 net income $34M ($0.83 EPS); core EPS $0.76, revenue up 9%
HORACE MANN EDUCATORS CORP /DE/
2024-Q3 EPS reported
$1.56
revenue$1,186,200,000
- Total revenue $412.1M, up 8.8% YoY; net premiums and contract charges earned up 9%.
- Property & Casualty combined ratio 97.9% improved 19 pts YoY, with 18 pts catastrophe losses offset by 7 pts favorable reserve development.
- Full-year 2024 core EPS guidance reaffirmed at $2.40-$2.70.
- Book value per share $31.60, adjusted book value $36.89, tangible book value $31.62.
- Core ROE (LTM) 6.7% vs 1.8% a year ago; double-digit sales growth in Auto, Life, Individual Supplemental lines.