Horace Mann Educators (HMN) Tops Q3 EPS by 14c
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Horace Mann Reports Third-Quarter 2020 Net Income of $0.87 Per Share and Core Earnings* of $0.82 Per Share
November 2, 2020 4:15 PM EST45.0% increase in net income and 28.1% increase in core earnings over prior-year period Reflects benefits of multi-year strategic plan to improve products, distribution and infrastructure for education market 96.5% Property and Casualty combined ratio reflects continued lower-than-historic Auto frequency due to pandemic-related driving patterns and $8.7 million PG&E subrogation recovery offset by 21 points of catastrophe losses Book value per share up 9.1% and book value per share excluding net unrealized gains up 3.4% since year end 2019 Raises full-year 2020 core earnings guidance to range of $2.95 to $3.15, with core ROE expected to be above... More
