| --- | --- | |-----------------------|-------| | | | | | | | | | | | | | Third Quarter 2022 | | | | | | Investor Presentation | | | | | | | | | November 3, 2022 | | | | | | | | | | | | | | Information as September 30, 2022, unless otherwise noted Safe Harbor Statement and Non-GAAP Measures Certain statements included in this presentation, including those regarding our earnings outlook, expected catastrophe losses, our investment strategies, our plans to implement additional rate actions, our plans relating ...

| --- | --- | --- | --- | |-----------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Second Quarter 2022 | | | | | | | | | | Investor Presentation | | | | | | | | | | | | | | | August 4, 2022 | | | | | | | | | | | | | | Information as June 30, 2022, unless otherwise noted Safe Harbor Statement and Non-GAAP Measures Certain statements made in this presentation should be considered forward-looking as defined in the Private Securities Litigation Reform Act o ...

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 June 30, 2022 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 ...

Financial Data and Key Metrics Changes - The company reported second-quarter core results near breakeven, with a minor upward revision to full-year core EPS guidance to a range of $2.15 to $2.35 [7][36] - The expected return on equity (ROE) for 2023 is projected to be in the high single digits, aiming for a sustainable double-digit ROE in the long term [8][36] - Core loss for the Property & Casualty (P&C) segment was $25.4 million, significantly impacted by catastrophe losses and inflation [37] Business Line Data and Key Metrics Changes - Core earnings for the Worksite segment increased by 14% year-over-year, with voluntary supplemental sales growing by 83% compared to the previous year [20] - Life and Retirement segment core earnings rose by 4.8%, with adjusted core earnings up 24.4% [43] - The P&C segment saw average written premiums increase by 1.6% for auto policies and 7.5% for property [37] Market Data and Key Metrics Changes - Catastrophe losses for the quarter were $45.7 million, contributing significantly to the combined ratio, which was well above the 10-year average [38] - The company anticipates average premiums for property to rise to the mid-teens over the next 12 to 18 months due to ongoing inflation and weather-related factors [15][111] Company Strategy and Development Direction - The company is focused on expanding market share and enhancing shareholder value through a multi-year PDI strategy, which includes product enhancement and infrastructure modernization [18] - The acquisition of Madison National Life has allowed the company to better serve educators with a broader range of products [18] - The company aims to leverage its dual division structure (retail and worksite) to respond effectively to the needs of educators and school districts [19] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that external events, including high catastrophe storm activity and inflation, have impacted financial performance but expressed confidence in long-term growth [7][17] - The company remains committed to its mission of serving educators and is optimistic about the upcoming school year, anticipating increased engagement with educators [30][88] Other Important Information - The company has returned capital to shareholders through dividend increases and share repurchases, with $24 million used to repurchase shares in the first seven months of the year [31][62] - The transition to new LDTI accounting guidance is expected to reduce shareholders' equity by $400 million to $500 million, but the company plans to provide adjusted equity figures excluding these impacts [54][55] Q&A Session Summary Question: Impact of inflation on catastrophe loss ratio - Management indicated that while inflation is a concern, their planning includes considerations for increased material costs, and they do not expect a significant increase in catastrophe losses for the second half of the year [66][67][70] Question: Adverse development in auto reserves - Management explained that the increase in auto reserves was due to inflationary pressures affecting claims from previous accident years, with a $12 million strengthening of auto BI reserves [78][79] Question: Marketing strategies for the upcoming school year - Management reported strong early back-to-school activity, with metrics indicating a return to pre-pandemic levels of engagement with educators [88][90] Question: Pricing program and rate increases - Management discussed anticipated rate increases in the high single to low double-digit range for auto premiums, with property premiums expected to rise to mid-teens levels over the next 12 to 18 months [108][111]

| --- | --- | --- | --- | |-----------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Second Quarter 2022 | | | | | | | | | | Investor Presentation | | | | | | | | | | | | | | | August 4, 2022 | | | | | | | | | | | | | | Information as June 30, 2022, unless otherwise noted Safe Harbor Statement and Non-GAAP Measures Certain statements made in this presentation should be considered forward-looking as defined in the Private Securities Litigation Reform Act o ...

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, 2022 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 ...

Horace Mann Educators Corporation (NYSE:HMN) Q1 2022 Earnings Conference Call May 6, 2022 11:00 AM ET Company Participants Marita Zuraitis – President and Chief Executive Officer Bret Conklin – Executive Vice President and Chief Financial Officer Mark Desrochers – Senior Vice President, Head of P&C and Corporate Chief Actuary Ryan Greenier - Chief Investment Officer & Senior Vice President Heather Wietzel – Vice President of Investor Relations Conference Call Participants Gary Ransom – Dowling & Partners Ma ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------------|-------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Creating Shareholder Value | | | | | | | | | | | | | | | | | | | | Raymond James Annual Institutional Investors Conference | | | | | | | | | | March 8, 2022 Marita Zuraitis, President and CEO | | | | | | | | | | Bret Conklin, Executive Vice President and CFO | | | | | | ...

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, 2021 ☐ 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 incorpor ...

Financial Data and Key Metrics Changes - The company reported fourth quarter core earnings of $0.97 and full year 2021 core earnings of $3.59 per diluted share, marking the second consecutive year of record earnings with a core return on equity exceeding 10% [7][39]. - The guidance for 2022 EPS is projected to be in the range of $3.45 to $3.65, with ROE near 10% [35][62]. Business Line Data and Key Metrics Changes - The Property & Casualty (P&C) segment reported premiums of $608 million for 2021, with a combined ratio of 99.9% in the fourth quarter, despite catastrophe losses being nearly double that of the previous year [41][43]. - The Supplemental segment's full year core earnings were $46 million, up 7% from the prior year, with fourth quarter premiums contributing $31 million and core earnings of $12 million [48][49]. - The Retirement segment saw annuity contract deposits increase by 5% for the year, with core earnings excluding DAC unlocking rising by 90% [51]. Market Data and Key Metrics Changes - The company serves approximately 1 million households, primarily educators, with a focus on expanding its market share in the education sector [20][21]. - The auto loss ratio for the fourth quarter was reported at 79.3%, an increase of 11.9 points compared to the prior year, attributed to increased miles driven and claims frequency [43][44]. Company Strategy and Development Direction - The company aims for 10% average annual EPS growth and sustained double-digit ROEs, supported by a strategic roadmap focused on enhancing product offerings and distribution [7][10]. - The acquisition of Madison National Life is expected to strengthen the company's value proposition and expand growth opportunities in the education market [15][18]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving strong results in 2022, despite challenges such as higher auto loss ratios and inflationary pressures [13][35]. - The company anticipates steady progress in supplemental sales and a focus on cross-selling opportunities to enhance customer retention [50][29]. Other Important Information - The company has been included in the Bloomberg Gender Equality Index for four consecutive years, reflecting its commitment to diversity and inclusion [36]. - Corporate expenses in the fourth quarter were slightly above normal due to costs associated with the Madison National acquisition, with plans for strategic spending in 2022 [59][100]. Q&A Session Summary Question: Discussion on rate versus loss trend in personal auto - Management acknowledged the return of auto loss costs to pre-pandemic levels and discussed the timing of corrective actions to address severity and inflationary pressures [74][75]. Question: Update on expense structure and technology transformation - Management highlighted their effective expense management and strategic spending plans, including modernization efforts and the integration of Madison National [97][100]. Question: Impact of agent retention amid industry changes - Management reported steady agency count and effective recruiting efforts, indicating resilience despite external pressures [107]. Question: Clarification on loss ratios for voluntary and employer-paid products - Management provided insights into the mix of new sales between voluntary and employer-paid products, indicating a shift towards individual products in 2022 [112].