Core Viewpoint - The market anticipates Horace Mann (HMN) will report a year-over-year increase in earnings driven by higher revenues for the quarter ending June 2024, with actual results being crucial for stock price movement [1][2]. Revenue Expectations - Revenues are projected to reach $401.1 million, reflecting a 12.5% increase compared to the same quarter last year [3]. Earnings Per Share (EPS) Estimates - The consensus EPS estimate has been revised down by 13.53% over the last 30 days, indicating a reassessment by analysts [4]. - The expected EPS for the upcoming report is $0.19, which signifies a substantial year-over-year increase of 533.3% [9]. Earnings Surprise Prediction - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with a positive Earnings ESP being a strong predictor of an earnings beat [5][6]. - For Horace Mann, the Most Accurate Estimate aligns with the Zacks Consensus Estimate, suggesting no recent differing analyst views [7]. Historical Performance - In the last reported quarter, Horace Mann was expected to post earnings of $0.77 per share but only achieved $0.60, resulting in a surprise of -22.08% [17]. - Over the past four quarters, the company has exceeded consensus EPS estimates twice [18]. Current Stock Ranking - Horace Mann currently holds a Zacks Rank of 5, indicating a challenging outlook for predicting an earnings beat [16]. Conclusion - While the company does not appear to be a strong candidate for an earnings beat, investors should consider other factors before making investment decisions [21].

Group 1 - Monteverde & Associates PC is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report, indicating a strong reputation in the field of class action litigation [2] - The firm is currently investigating HMN Financial, Inc. in relation to its proposed merger with Alerus Financial Corporation, where each share of HMNF common stock will be converted into the right to receive 1.25 shares of Alerus common stock, with cash paid for fractional shares [2] - The firm has a successful track record in recovering money for shareholders, emphasizing its capability in trial and appellate courts, including the U.S. Supreme Court [1][2] Group 2 - The headquarters of Monteverde & Associates PC is located in the Empire State Building, New York City, which adds to its prominence as a national class action securities firm [2] - The firm encourages shareholders with concerns regarding HMN Financial to reach out for additional information, highlighting its commitment to shareholder rights [3]

NEW YORK, July 30, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating HMN Financial, Inc. (Nasdaq: HMNF), relating to its proposed merger with Alerus Financial Corporation. Under the terms of the agreement, each share of HMNF common stock will be converted ...

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 (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 ...

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]