Financial Data and Key Metrics Changes - The company reported a first quarter core EPS of $1.7, a significant increase over the prior year and a record for the first quarter [5] - Core earnings of $45 million or $1.07 per share represented a 73% increase over the prior year, with a core return on equity of 10.6%, reflecting a 4.9% improvement [17] - Total net written premiums and contract deposits increased by 7%, with total revenues up by 8% [18] Business Line Data and Key Metrics Changes - The Property and Casualty segment showed strong performance with a reported combined ratio of 89.4%, a 10.5 point improvement over the prior year [6] - In Life and Retirement, earnings were below the prior year primarily due to higher mortality, which was within expected actuarial ranges [7] - Individual Supplemental and Group Benefits saw earnings slightly above the prior year due to lower policyholder benefits utilization and higher segment net investment income [7][22] Market Data and Key Metrics Changes - Individual supplemental sales increased by 61%, auto sales were up by 8%, and annuity net contract deposits rose by 6% [8] - The company experienced a 40% increase in website visitors, contributing to strong new business sales [9] - The auto rate increase of 14.5% went into effect in mid-April, with a property increase of just under 20% set to take effect on July 1 [18] Company Strategy and Development Direction - The company is focused on driving sustained profitable growth through investments in omnichannel distribution capabilities and enhancing agent productivity [8] - The launch of Catalyst, a proprietary customer relationship management system, is aimed at improving sales force efficiency and customer experience [9] - The company aims to achieve a shareholder return on equity above 10% for the year and is on track to meet its 2025 goals [5][14] Management's Comments on Operating Environment and Future Outlook - Management acknowledged macroeconomic uncertainties but emphasized the company's strong financial foundation and ability to adapt to various economic environments [12][13] - The company is confident in its ability to deliver record core earnings in 2025 and maintain a sustainable double-digit shareholder return on equity [14][28] - Management highlighted the importance of supporting educators and communities as part of their corporate social responsibility efforts [11] Other Important Information - The company reported a total net investment income of $116 million, a 10% increase over the prior year [7] - The annualized pretax investment yield on the portfolio was 5.09%, with core new money yields of 5.51% [25] - The company has returned $7 million to shareholders through share repurchases year-to-date [12][27] Q&A Session Summary Question: Could you talk about the run rate earnings power of the Life and the Supplemental Group Benefits segments? - Management indicated that the Life and Retirement business experienced a slight mortality blip but overall performance is expected to normalize [31][32] Question: Could you talk about the cat activity in Q2 2025 year to date and how to account for seasonality? - Management noted that Q1 saw California wildfires with an ultimate loss of $3.7 million, and they expect the second quarter to be the highest for catastrophe costs historically [34][36] Question: Were there any new school districts added that drove growth in individual supplemental distribution? - Management confirmed that there were no new districts added, attributing growth to strong activity from benefit specialists and a favorable comparison to a light sales quarter in Q1 2024 [40][41] Question: Are there plans to increase reserves for supplemental group benefits products? - Management stated that current utilization trends do not indicate a need for increased reserves, and they remain confident in their expectations for group benefits [46][49]

Company Overview - Horace Mann (HMN) is based in Springfield and operates in the Finance sector, with a year-to-date share price change of 6.07% [3] - The company currently pays a dividend of $0.35 per share, resulting in a dividend yield of 3.36%, which is significantly higher than the Insurance - Multi line industry's yield of 1.68% and the S&P 500's yield of 1.62% [3] Dividend Performance - The current annualized dividend of Horace Mann is $1.40, reflecting a 2.9% increase from the previous year [4] - Over the past five years, the company has raised its dividend five times, achieving an average annual increase of 3.18% [4] - The current payout ratio stands at 43%, indicating that the company distributes 43% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for Horace Mann's earnings in 2025 is projected at $3.80 per share, with an expected increase of 19.50% compared to the previous year [5] Investment Considerations - Dividends are favored by investors as they enhance stock investing profits, reduce overall portfolio risk, and offer tax advantages [6] - While tech start-ups and high-growth companies rarely offer dividends, established companies like Horace Mann are more likely to provide consistent payouts [7] - The stock is currently rated with a Zacks Rank of 3 (Hold), indicating it is a compelling investment opportunity, particularly for income investors [7]

Financial Performance - First-quarter core earnings per share (EPS) reached $1.07, indicating strong growth momentum[6] - The company is on track to deliver record full-year core earnings[6] - Core return on equity (ROE) was 10.6%, a 4.9 percentage point improvement over the prior year[6,8] Segment Results - The P&C combined ratio improved by 10.5 points to 89.4% compared to the prior year[6,8] - Individual Supplemental sales increased by 61% year-over-year, demonstrating strong sales growth[8] - Total revenues increased by 8% year-over-year to $416 million, driven by an 8% increase in net premiums and contract charges earned[8] - First-quarter segment core earnings of Life & Retirement were $7.9 million, below prior year primarily due to higher mortality[20] - First-quarter segment net investment income of Individual Supplemental & Group Benefits was $9.4 million, 20.5% above the prior year[33] Capital Management and Investments - The company increased its annual dividend by 3% in March 2025, marking the 17th consecutive annual increase[8] - $7 million in shares were repurchased year-to-date[8] - Total net investment income on the managed portfolio increased by 15% year-over-year[8] Financial Position and Outlook - The company has $14.4 billion in assets[51] - Full-year 2025 core EPS guidance is set at $3.85 to $4.15, with core earnings expected to be between $160 million and $175 million[45]

Core Insights - Horace Mann (HMN) reported quarterly earnings of $1.07 per share, exceeding the Zacks Consensus Estimate of $0.88 per share, and up from $0.60 per share a year ago [1] - The earnings surprise for the quarter was 21.59%, and the company has surpassed consensus EPS estimates three times over the last four quarters [2] - Revenues for the quarter were $416.4 million, slightly missing the Zacks Consensus Estimate by 0.89%, but up from $386 million year-over-year [3] Earnings Performance - The company had a significant earnings surprise of 63.64% in the previous quarter, where actual earnings were $1.62 per share against an expectation of $0.99 [2] - The current consensus EPS estimate for the upcoming quarter is $0.58, with expected revenues of $431.4 million, and for the current fiscal year, the estimate is $3.80 on $1.73 billion in revenues [8] Stock Performance - Horace Mann shares have increased by approximately 7.6% since the beginning of the year, contrasting with a decline of 3.9% in the S&P 500 [4] - The stock currently holds a Zacks Rank of 3 (Hold), indicating expected performance in line with the market in the near future [7] Industry Outlook - The Insurance - Multi line industry, to which Horace Mann belongs, is currently ranked in the top 27% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [9] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [6]

PART I [Item 1. Consolidated Financial Statements](index=3&type=section&id=Item%201.%20Consolidated%20Financial%20Statements) The consolidated financial statements for Q1 2025 reflect a slight asset decrease, significant net income growth, and robust operating cash flow [Consolidated Balance Sheets](index=3&type=section&id=Consolidated%20Balance%20Sheets) | Balance Sheet Highlights ($ in millions) | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Total Investments | 7,007.4 | 6,916.4 | | Total Assets | 14,396.1 | 14,487.8 | | Total Liabilities | 13,053.3 | 13,200.3 | | Total Shareholders' Equity | 1,342.8 | 1,287.5 | - Total assets slightly decreased from **$14.49 billion** at the end of 2024 to **$14.40 billion** as of March 31, 2025. Total shareholders' equity increased to **$1.34 billion** from **$1.29 billion** over the same period, primarily due to net income and changes in accumulated other comprehensive income[9](index=9&type=chunk) [Consolidated Statements of Operations and Comprehensive Income (Loss)](index=5&type=section&id=Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Income%20%28Loss%29) | Statement of Operations ($ in millions, except per share) | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Total Revenues | 416.4 | 386.0 | | Total Benefits, Losses and Expenses | 368.9 | 353.0 | | Income Before Income Taxes | 47.5 | 33.0 | | Net Income | 38.2 | 26.5 | | Diluted EPS | $0.92 | $0.64 | - Net income increased by **44.2%** year-over-year, from **$26.5 million** in Q1 2024 to **$38.2 million** in Q1 2025. This resulted in a diluted earnings per share of **$0.92**, up from **$0.64** in the prior-year quarter[10](index=10&type=chunk) - Comprehensive income for Q1 2025 was **$69.3 million**, an increase from **$48.2 million** in Q1 2024, driven by both higher net income and a positive change in net unrealized investment gains on fixed maturity securities[10](index=10&type=chunk) [Consolidated Statements of Changes in Shareholders' Equity](index=6&type=section&id=Consolidated%20Statements%20of%20Changes%20in%20Shareholders%27%20Equity) - Total shareholders' equity increased from **$1,287.5 million** at the beginning of the period to **$1,342.8 million** at the end of Q1 2025[9](index=9&type=chunk)[12](index=12&type=chunk) - The company paid dividends of **$0.35 per share**, totaling **$14.7 million** in Q1 2025, an increase from **$0.34 per share** (**$14.3 million** total) in Q1 2024[12](index=12&type=chunk) [Consolidated Statements of Cash Flows](index=8&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) | Cash Flow Summary ($ in millions) | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net Cash Provided by Operating Activities | 140.8 | 74.5 | | Net Cash Used in Investing Activities | (35.1) | (59.5) | | Net Cash Used in Financing Activities | (113.5) | (24.3) | | Net Decrease in Cash | (7.8) | (9.3) | - Net cash from operating activities nearly doubled to **$140.8 million** in Q1 2025 from **$74.5 million** in Q1 2024, indicating stronger operational cash generation[15](index=15&type=chunk) [Notes to Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) - The company operates in four reporting segments: Property & Casualty, Life & Retirement, Supplemental & Group Benefits, and Corporate & Other[19](index=19&type=chunk) - The most significant critical accounting estimates involve the valuation of hard-to-value fixed maturity securities, credit loss impairments, future policy benefit reserves, and property and casualty unpaid claims reserves[25](index=25&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=42&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations%20%28MD%26A%29) Management's discussion highlights Q1 2025 net income growth from Property & Casualty improvements and investment income, reaffirming full-year core earnings guidance and strong capital [Consolidated Financial Highlights & Results of Operations](index=43&type=section&id=Consolidated%20Financial%20Highlights%20%26%20Results%20of%20Operations) | Key Metrics | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Total Revenues ($M) | 416.4 | 386.0 | | Net Income ($M) | 38.2 | 26.5 | | Diluted EPS | $0.92 | $0.64 | | Book Value per Share | $32.79 | $29.57 | - Net income increased by **$11.7 million** (**44.2%**) YoY, primarily due to improved Property & Casualty results from underwriting actions, favorable reserve development, and higher net investment income[110](index=110&type=chunk) - Net premiums and contract charges earned grew **8.4%** to **$298.3 million**, largely from rate and inflation adjustments in the Property & Casualty segment[112](index=112&type=chunk)[113](index=113&type=chunk) - Net investment income rose **10.0%** to **$115.9 million**, driven by strong returns from the fixed income portfolio and higher limited partnership returns[112](index=112&type=chunk)[114](index=114&type=chunk) [Outlook for 2025](index=46&type=section&id=Outlook%20for%202025) - The company estimates full-year 2025 core earnings will be in the range of **$3.85 to $4.15 per diluted share**, targeting a core return on equity of **10%+**[128](index=128&type=chunk) - Key assumptions for the 2025 outlook include: - P&C Auto combined ratio in the **mid-90s** and Property at or below **90** - Life & Retirement net interest spread between **220 and 230 bps** - Supplemental & Group Benefits blended benefit ratio of **39%** - Net investment income between **$470 million and $480 million** pre-tax[131](index=131&type=chunk) [Results of Operations by Segment](index=47&type=section&id=Results%20of%20Operations%20by%20Segment) | Segment Core Earnings ($ in millions) | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Property & Casualty | 26.8 | 10.6 | | Life & Retirement | 7.9 | 9.9 | | Supplemental & Group Benefits | 14.0 | 13.8 | | Corporate & Other (Loss) | (4.0) | (8.5) | - The Property & Casualty segment's net income surged to **$26.8 million** from **$10.6 million**, driven by a significantly improved combined ratio of **89.4%** and **$5.3 million** of favorable prior years' reserve development[139](index=139&type=chunk)[140](index=140&type=chunk)[142](index=142&type=chunk) - The Life & Retirement segment's net income decreased to **$6.8 million** from **$11.7 million**, primarily due to an unfavorable market risk benefit adjustment and higher mortality costs[152](index=152&type=chunk) - The Supplemental & Group Benefits segment's net income was stable at **$11.2 million**. A lower benefits ratio in individual supplemental products was offset by a higher benefits ratio in group benefits due to increased long-term disability claims[161](index=161&type=chunk) [Investment Results](index=55&type=section&id=Investment%20Results) - Net investment income from the managed portfolio increased **14.5%** to **$91.5 million** in Q1 2025, primarily due to higher returns in the limited partnership portfolio[167](index=167&type=chunk) - The total fixed maturity and equity securities portfolio was valued at **$5.52 billion** as of March 31, 2025, with **94.8%** of the portfolio rated investment grade[170](index=170&type=chunk)[171](index=171&type=chunk)[172](index=172&type=chunk) - Pretax net unrealized investment losses on fixed maturity securities decreased to **$400.0 million** from **$442.7 million** at year-end 2024, mainly due to a decrease in US Treasury rates[167](index=167&type=chunk)[168](index=168&type=chunk) [Liquidity and Capital Resources](index=59&type=section&id=Liquidity%20and%20Capital%20Resources) - Total capital was **$1.89 billion** as of March 31, 2025, with long-term debt of **$547.2 million**. The debt-to-total capital ratio was **29.0%**[193](index=193&type=chunk) - Shareholders' equity was **$1.34 billion**, with a book value per share of **$32.79**. The company holds **$1.2 billion** in highly liquid assets (cash, U.S. government securities, public equities)[189](index=189&type=chunk)[194](index=194&type=chunk) - In Q1 2025, the company paid dividends of **$14.3 million** and repurchased **3,240 shares** for approximately **$0.1 million**. **$26.2 million** remains authorized for future share repurchases[195](index=195&type=chunk)[196](index=196&type=chunk)[216](index=216&type=chunk) - The insurance subsidiaries can pay up to **$148.8 million** in dividends to the holding company in 2025 without prior regulatory approval, of which **$22.0 million** was paid in Q1[192](index=192&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=65&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is market value risk on invested assets, managed by aligning asset and liability cash flows and durations, with no material changes from prior year-end - The primary market risk exposure is market value risk, stemming from potential decreases in the value of invested assets[206](index=206&type=chunk) - The company manages risk by matching the projected cash inflows of assets with the projected cash outflows of liabilities, while maintaining reasonable durations and diversification[208](index=208&type=chunk) [Item 4. Controls and Procedures](index=66&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded that disclosure controls and procedures were effective as of March 31, 2025, with no material weaknesses or significant changes in internal control - Based on an evaluation as of March 31, 2025, the CEO and CFO concluded that the company's disclosure controls and procedures are effective[210](index=210&type=chunk) - There were no changes in internal control over financial reporting during the quarter that have materially affected, or are reasonably likely to materially affect, these controls[211](index=211&type=chunk) PART II - OTHER INFORMATION [Item 1. Legal Proceedings](index=67&type=section&id=Item%201.%20Legal%20Proceedings) The company is defending against litigation and claims related to legacy commercial lines policies following the 2023 liquidation of R&Q Reinsurance Company, which had assumed these obligations - The company is defending against a lawsuit and various claims related to legacy commercial lines policies (asbestos, environmental, sexual molestation) from the late 1960s and early 1970s[97](index=97&type=chunk) - These issues arose following the March 2023 liquidation of R&Q Reinsurance Company, which had assumed these obligations through a series of transactions. The company recorded **$15.7 million** in after-tax costs related to these matters in Q4 2024[98](index=98&type=chunk)[99](index=99&type=chunk) [Item 1A. Risk Factors](index=67&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors previously disclosed in the Annual Report on Form 10-K for the year ended December 31, 2024 - There are no material changes from the risk factors disclosed in the Annual Report on Form 10-K for the year ended December 31, 2024[215](index=215&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=67&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During Q1 2025, the company repurchased 3,240 shares of common stock under its authorized program, with approximately $26.2 million remaining for future repurchases | Period | Shares Purchased | Average Price Paid | Total Value ($) | Remaining Authorization ($M) | | :--- | :--- | :--- | :--- | :--- | | Jan 2025 | 0 | N/A | 0 | 26.3 | | Feb 2025 | 3,140 | $40.01 | 125,631 | 26.2 | | Mar 2025 | 100 | $40.01 | 4,001 | 26.2 | | **Q1 Total** | **3,240** | **$40.01** | **129,632** | **26.2** | [Item 5. Other Information](index=67&type=section&id=Item%205.%20Other%20Information) No director or executive officer adopted, modified, or terminated a Rule 10b5-1 trading arrangement during the first quarter of 2025 - No director or officer required to file Section 16 reports adopted, modified, or terminated a Rule 10b5-1 trading arrangement during the three months ended March 31, 2025[218](index=218&type=chunk) [Item 6. Exhibits](index=68&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including corporate documents, agreements, plans, and certifications by the CEO and CFO - The filing includes certifications from the CEO (Marita Zuraitis) and CFO (Ryan E. Greenier) pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act of 2002[224](index=224&type=chunk) - A glossary of selected terms is filed as Exhibit 99.1[224](index=224&type=chunk)

Financial Performance - Total revenues for Q1 2025 increased to $416.4 million, up 7.9% from $386.0 million in Q1 2024[3] - Net income rose to $38.2 million, a 44.2% increase compared to $26.5 million in the same quarter last year[3] - Core earnings for Q1 2025 reached $44.7 million, representing a 73.3% increase from $25.8 million in Q1 2024[3] Segment Performance - The Property & Casualty segment reported a combined ratio of 89.4%, improving by 11 points year-over-year[6] Guidance and Expectations - Full-year 2025 core EPS guidance is updated to a range of $3.85 to $4.15, with expectations for double-digit shareholder return on equity[6] Shareholder Value - Book value per share increased to $32.79, a 10.9% rise from $29.57 in the previous year[3] - Adjusted book value per share was reported at $38.05, up 4.2% from $36.52[3] - Core return on equity (ROE) for the last twelve months (LTM) improved to 10.6%, an increase of 4.9 percentage points from the prior year[3] Investment Performance - Net investment losses after tax were reported at $(2.6) million, compared to gains of $1.7 million in Q1 2024[3] Strategic Focus - The company continues to focus on strategies for sustained, profitable growth and aims to meet its 2025 goals[5]

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Horace Mann (HMN) due to higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - Horace Mann is expected to report quarterly earnings of $0.88 per share, reflecting a +46.7% year-over-year change, with revenues projected at $420.15 million, an increase of 8.9% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised 1.77% higher in the last 30 days, indicating a collective reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate is lower than the consensus estimate, resulting in an Earnings ESP of -4.55%, indicating a bearish outlook from analysts [10][11]. Historical Performance - In the last reported quarter, Horace Mann exceeded expectations with earnings of $1.62 per share against an expected $0.99, achieving a surprise of +63.64% [12]. Over the last four quarters, the company has beaten consensus EPS estimates twice [13]. Conclusion on Earnings Beat Potential - Despite the potential for an earnings beat, Horace Mann does not appear to be a compelling candidate for exceeding earnings expectations based on current estimates and rankings [16].

Company Overview - Horace Mann (HMN) is based in Springfield and operates in the Finance sector, focusing on auto and homeowners' insurance for teachers and educators [3] - The stock has experienced a price change of 1.84% this year [3] Dividend Information - Currently, Horace Mann pays a dividend of $0.35 per share, resulting in a dividend yield of 3.5%, which is significantly higher than the Insurance - Multi line industry's yield of 1.86% and the S&P 500's yield of 1.69% [3] - The annualized dividend of $1.40 represents a 2.9% increase from the previous year, with an average annual increase of 3.18% over the last five years [4] - The current payout ratio is 43%, indicating that the company pays out 43% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for earnings in 2025 is $3.80 per share, with an expected increase of 19.50% from the previous year [5] Investment Perspective - Dividends are favored by investors for various reasons, including improving stock investing profits and providing tax advantages [6] - High-growth firms typically do not offer dividends, while established companies with secure profits are seen as better dividend options [7] - Horace Mann is considered a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [7]

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Horace Mann (HMN) currently holding a Momentum Style Score of B [2] - The Zacks Rank system complements Style Scores, with HMN rated 2 (Buy), indicating potential for outperformance in the market [3] Group 2: Performance Metrics - HMN shares have increased by 0.5% over the past week, outperforming the Zacks Insurance - Multi line industry, which rose by 0.2% [5] - Over the last quarter, HMN shares rose by 5.02%, and by 16.9% over the past year, while the S&P 500 saw declines of -4.21% and gains of 9.79%, respectively [6] - The average 20-day trading volume for HMN is 218,089 shares, indicating a bullish sign when combined with rising stock prices [7] Group 3: Earnings Outlook - Recent earnings estimate revisions for HMN show one upward revision and no downward revisions, increasing the consensus estimate from $3.82 to $3.87 over the past 60 days [9] - For the next fiscal year, one estimate has moved upwards with no downward revisions, indicating positive earnings momentum [9] Group 4: Conclusion - Given the positive performance metrics and earnings outlook, HMN is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]

Company Overview - Horace Mann (HMN) is based in Springfield and operates in the Finance sector, focusing on auto and homeowners' insurance for teachers and educators [3] - Year-to-date, HMN shares have experienced a price change of 6.81% [3] Dividend Information - HMN currently pays a dividend of $0.34 per share, resulting in a dividend yield of 3.34%, which is significantly higher than the Insurance - Multi line industry's yield of 1.58% and the S&P 500's yield of 1.56% [3] - The company's annualized dividend of $1.40 has increased by 2.9% from the previous year, with an average annual increase of 3.06% over the past five years [4] - HMN's current payout ratio is 43%, indicating that it pays out 43% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - For the fiscal year, HMN anticipates solid earnings growth, with the Zacks Consensus Estimate for 2025 projected at $3.87 per share, reflecting a year-over-year earnings growth rate of 21.70% [5] Investment Appeal - HMN is considered an attractive dividend play and a compelling investment opportunity, currently holding a Zacks Rank of 2 (Buy) [7]