Horace Mann Educators (HMN) Misses Q1 EPS by 18c

Horace Mann Educators (NYSE: HMN) reported Q1 EPS of $0.37, $0.18 worse than the analyst estimate of $0.55. Revenue for the quarter came in at $287.3 million versus the consensus estimate of $284.9 million.

"Horace Mann's first quarter operating income was significantly impacted by adverse weather; catastrophe losses were $17.2 million, the highest level ever recorded during the first quarter, and non-catastrophe weather losses also impacted underlying auto and property results. On a positive note, we are seeing signs of improvement in the underlying auto loss ratio when you exclude weather-related impacts. Sales in all business lines were strong, with 9% growth in Property and Casualty, 4% growth in Retirement and continued double-digit growth in Life," said Horace Mann's President and Chief Executive Officer Marita Zuraitis.

For earnings history and earnings-related data on Horace Mann Educators (HMN) click here.

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