NEW ORLEANS, May 16, 2024 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of HMN Financial, Inc. (NasdaqGM: HMNF) to Alerus Financial Corporation (NasdaqCM: ALRS). Under the terms of the proposed transaction, shareholders of HMN will receive 1.25 shares of Alerus for each share of HMN that they own. KSF is seeking to determine whether this consideration and the process that led to it are ad ...

Horace Mann Educators Corporation (NYSE:HMN) Q1 2024 Earnings Conference Call May 9, 2024 12:00 PM ET Company Participants Bret Conklin - Chief Financial Officer Marita Zuraitis - President and Chief Executive Officer Mark Desrochers - Senior Vice President, Property & Casualty, and Chief Corporate Actuary Stephen McAnena - Chief Operating Officer Matthew Sharpe - Executive Vice President, Supplemental & Group Benefits and Corporate Strategy Ryan Greenier - Deputy Chief Financial Officer and Chief Investmen ...

Horace Mann (HMN) came out with quarterly earnings of $0.60 per share, missing the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -22.08%. A quarter ago, it was expected that this provider of auto and homeowners' insurance for teachers and other educators would post earnings of $0.65 per share when it actually produced earnings of $0.84, deliverin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 1-10890 HORACE MANN EDUCATORS CORPORATION (Exact name of registrant as specified in its charter) Delaware 37-0911756 (State o ...

Exhibit 99.2 News release for immediate release Contact information: Rachael Luber, Assistant Vice President, Investor Relations 217-788-5163 | investorrelations@horacemann.com Horace Mann reports first-quarter 2024 results 217-789-2500 www.horacemann.com • Diversified business delivered first-quarter net income of $27 million, or $0.64 per share, and core earnings* of $25 million, or $0.60 per share, with reported book value of $29.57 and adjusted book value* of $36.52 at quarter end • Total revenue rose 9 ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Horace Mann (HMN) . This company, which is in the Zacks Insurance - Multi line industry, shows potential for another earnings beat.This provider of auto and homeowners' insurance for teachers and other educators has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The avera ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number 1-10890 HORACE MANN EDUCATORS CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incor ...

Horace Mann Educators Corporation (NYSE:HMN) Q4 2023 Results Conference Call February 8, 2024 11:00 AM ET Company Participants Heather Wietzel - VP, IR Marita Zuraitis - President and CEO Bret Conklin - EVP and CFO Stephen McAnena - COO Matt Sharpe - EVP, Supplemental & Group Benefits and Corporate Strategy Ryan Greenier - Chief Investment Officer & SVP of Finance Mike Weckenbrock - SVP, Life & Retirement Mark Desrochers - SVP, Head of P&C and Corporate Chief Actuary Conference Call Participants Meyer Shiel ...

Financial Performance - Total revenues for Q3 2023 increased by 10.5% to $378.7 million compared to $342.6 million in Q3 2022[168] - Net income for Q3 2023 decreased by 42.6% to $11.7 million, down from $20.4 million in Q3 2022[171] - Net premiums and contract charges earned rose by 3.3% to $266.0 million for Q3 2023, compared to $257.4 million in Q3 2022[171] - Net investment income increased by 21.8% to $118.9 million for Q3 2023, up from $97.6 million in Q3 2022[171] - Benefits, claims, and settlement expenses increased by 19.2% to $199.2 million for Q3 2023, compared to $167.1 million in Q3 2022[171] - Interest credited rose by 17.6% to $52.7 million for Q3 2023, compared to $44.8 million in Q3 2022[171] - Operating expenses remained relatively stable, increasing by only 0.1% to $75.7 million for Q3 2023[171] Investment Performance - The annualized investment yield, excluding limited partnership interests, was 4.8% for Q3 2023, up from 4.3% in Q3 2022[173] - Net investment income from the managed investment portfolio rose by 29.5% to $91.8 million for the three months ended September 30, 2023, compared to $70.9 million in the same period of 2022[234] - Total net investment income increased by 21.8% to $118.9 million for the three months ended September 30, 2023, compared to $97.6 million in the same period of 2022[234] Segment Performance - Net income for the Property & Casualty segment is now anticipated to be a loss between $32 million and $37 million, primarily due to third-quarter weather losses[193] - Anticipated net income for the Life & Retirement segment in 2023 is projected to be in the range of $63 million to $65 million, with a targeted spread of 220 to 230 basis points[195] - Net income for the Supplemental & Group Benefits segment is now expected to be between $52 million and $55 million, reflecting strong performance in the third quarter[197] - Life & Retirement segment net income for Q3 2023 was $20.9 million, reflecting an 18.1% increase compared to $17.7 million in Q3 2022[217] - Supplemental & Group Benefits segment net income was $15.8 million for the quarter, reflecting a 23.7% decrease from $20.7 million in 2022[228] Premiums and Sales - Property & Casualty segment net premiums written increased by 13.2% to $188.4 million in Q3 2023, compared to $166.4 million in Q3 2022[210] - Average written premiums for auto policies rose by 15.9% in Q3 2023, up from 11.4% in Q2 2023[212] - Average written premiums for property policies increased by 11.3% in Q3 2023, driven by rate increases and inflation adjustments[213] - Sales of worksite direct supplemental products increased by 59.1% to $3.5 million, while sales of employer-sponsored products rose by 109.1% to $4.6 million[230] Expenses and Liabilities - Interest expense increased by $2.2 million and $7.6 million for the three and nine months ended September 30, 2023, primarily due to rising floating interest rates on the Revolving Credit Facility[183] - Corporate interest expense is now expected to be between $29 million and $30 million for the full year[197] - The benefits ratio for the Supplemental & Group Benefits segment increased to 32.3% for the quarter, up from 25.1% in the prior year[228] Cash Flow and Capital - For the nine months ended September 30, 2023, net cash provided by operating activities was $199.2 million, a 72.0% increase from $115.8 million in the prior year[247] - Net cash used in investing activities decreased to $85.6 million from $295.9 million in the prior year, reflecting a significant reduction in investment outflows[249] - Net cash used in financing activities increased by $204.5 million compared to the prior year, primarily due to increased cash outflows from benefits and withdrawals[253] - As of September 30, 2023, total capital was $1,597.4 million, with long-term debt amounting to $546.1 million, representing 34.2% of total capital[261] Shareholder Information - Total dividends paid to shareholders for the nine months ended September 30, 2023, was $40.4 million, with quarterly dividends of $0.33 per share approved in March, May, and September[264] - The company repurchased 196,934 shares of common stock at an average price of $32.85, with $34.9 million remaining authorized for future repurchases[265] Risk Management - Significant market value risk exists due to potential decreases in the value of invested assets, influenced by changes in yields and liquidity[278] - Interest rate changes may lead to losses or reduced income levels based on the difference between earned interest rates and credited interest rates on liabilities[280] - The company manages market value risk by aligning projected cash inflows of assets with projected cash outflows of liabilities[281] - Investment risk from variable annuity deposits is borne by contractholders, not the company[281] Ratings and Outlook - All insurance financial strength ratings for the Property & Casualty and Life insurance subsidiaries are rated 'A' (stable) by A.M. Best as of October 31, 2023[276] - HMEC's parent company is rated 'bbb' (stable) by A.M. Best and 'BBB' (stable) by S&P[276] - HMEC's Property & Casualty group has a negative outlook from Fitch and Moody's, rated 'A' and 'A2' respectively[276]

Horace Mann Educators Corporation (NYSE:HMN) Q3 2023 Earnings Conference Call November 3, 2023 11:00 AM ET Company Participants Heather Wietzel - VP, IR Marita Zuraitis - President and CEO Bret Conklin - EVP and CFO Steve McAnena - COO Matt Sharpe - EVP, Supplemental & Group Benefits and Corporate Strategy Mark Desrochers - SVP, Head, P&C and Corporate Chief Actuary Conference Call Participants John Barnidge - Piper Sandler Meyer Shields - KBW Operator Good morning and welcome to the Horace Mann Educators T ...