Horace Mann Educators (HMN) Tops Q1 EPS by 9c, Maintians EPS Guidance
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Horace Mann Reports First-Quarter 2020 Net Income of $0.44 Per Share and Core Earnings* of $0.78 Per Share
May 7, 2020 4:15 PM EDTAmidst unprecedented COVID-19 pandemic, commitment to education market remains unwavering
Business is fully operational with agents and 95% of company staff working remotely to support educators with insurance and retirement solutions Net income down, largely due to realized losses on investments due to mark-to-market adjustments related to equity market volatility Core earnings up 25% on Property & Casualty segment performance and inclusion of new Supplemental segment, partially offset by lower net investment income on smaller Retirement portfolio Financial position remains strong, with A+ rated investment portfolio and capitalization ratios that support current... More