HORACE MANN EDUCATORS overview

Horace Mann announced it had funded all open DonorsChoose projects in Rapid City Area Schools at the district’s back-to-school staff rally on Monday. The 30 projects funded will impact more than 1,500 students across the district’s 23 schools. They include social-emotional learning resources, alternate seating options like wobble chairs and classroom rugs, new books and learning games. At Valley View Elementary School, funding will be used to create dedicated “calming spaces” where...

AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a-” (Excellent) of Madison National Life Insurance Company. Horace Mann Educators Corporation (NYSE:HMN) acquired Madison National in 2022, expanding its employer-sponsored product line in its Supplemental and Group Benefits segment and further diversifying Horace Mann. “The ratings of Madison National Life reflect...

AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a-” (Excellent) of Madison National Life Insurance Company (Madison National Life) (Madison, WI). At the same time, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a” (Excellent) of the property/casualty (P/C) members of Horace Mann Insurance Group (Horace Mann), and Horace Mann Life...

Horace Mann Educators Corporation (NYSE:HMN) today reported financial results for the three months ended June 30, 2023: ($ in millions, except per share amounts) Three Months Ended June 30, Six Months Ended June 30, 2023 2022 % Change 2023 2022 % Change Total revenues $ 356.4 $ 345.9 3.0 % $ 710.3 $ 692.6 2.6 % Net income (loss) (12.8 ) (4.2 ) N.M. (6.2 ) 16.1 -138.5 % Net investment losses, after tax (13.7 ) (12.2 ) N.M. (16.8 ) (24.4 ) N.M. Core earnings* 0.9 8.0 -88.8 % 10.6 40.5 -73.8 %...

Horace Mann Educators Corporation (NYSE:HMN) today announced it expects second-quarter 2023 core EPS in the range of $0.01 to $0.03. Continued strong performance of the company’s Worksite and Life & Retirement businesses offset the impact of outsized weather activity across the country, which was also a primary factor in continued elevated auto loss frequency. Second-quarter catastrophe losses are now expected to be between $41 million to $43 million, pretax. In total, there were 19 events...

Horace Mann Educators Corporation (NYSE:HMN) plans to release its second-quarter 2023 results on August 1, after the market closes. At that time, the quarterly news release, investor supplement and investor presentation will be available on the company’s website at investors.horacemann.com. Management will host a conference call to discuss the financial results on August 2 at 12:30 p.m. Eastern Time. Investors can access the call webcast via the Events page of the company’s investor site or...

When U.S. educators return to their classrooms this fall, they face resumed student loan payments without the likelihood of one-time federal student loan debt relief. The added financial stress is especially acute for educators, who are taking on more duties due to the national teacher shortage and generally feel less financially secure than their private sector counterparts. But educators have another avenue for student loan relief. The U.S. Public Service Loan Forgiveness program, which allows...

Horace Mann Educators Corporation (NYSE:HMN) today announced the election of Victor P. Fetter and Dr. Aaliyah A. Samuel to its Board of Directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230525005223/en/ Victor P. Fetter (Photo: Business Wire) All Board members were approved by shareholders by more than 98% of votes cast at the Annual Meeting of Shareholders on Wednesday. Fetter and Samuel will join returning members Thomas A....