Janney Downgrades Horace Mann Educators (HMN) to Neutral

Horace Mann Reports Third Quarter 2016 Net Income per Share of $0.65; Operating EPS of $0.58

October 31, 2016 4:16 PM EDT

SPRINGFIELD, IL -- (Marketwired) -- 10/31/16 --

Third quarter net income increased 23%, driven primarily by strong investment results Sales increased in all lines for the quarter Book value per share excluding the fair value adjustment for investments of $27.54, up 4% compared to a year ago

Horace Mann Educators Corporation (NYSE: HMN) today reported financial results for the three and nine months ended September 30, 2016:

---------------------------------------------------------------------------- Horace Mann Financial Highlights ---------------------------------------------------------------------------- Three months ended Nine months ended September 30, September 30, ---------------------------------------------------------------------------- ($ in millions, except per share amounts) 2016 2015 Change 2016 2015 Change ---------------------------------------------------------------------------- Total revenues $291.3 $265.7 9.6% $846.1 $804.3 5.2% ---------------------------------------------------------------------------- Net income 26.9 21.9 22.8% 63.9 72.4 -11.7% ---------------------------------------------------------------------------- Net income per diluted share 0.65 0.52 25.0% 1.55 1.71... More