Horace Mann(HMN) - 2024 Q4 - Annual Results

Financial Performance - Total revenues for Q4 2024 were $409.0 million, a 1.5$402.9 million in Q4 2023; full-year revenues rose 6.9% to $1,595.2 million from$1,491.9 million[2] - Net income for Q4 2024 was $38.2 million, down 3.3$39.5 million in Q4 2023; however, full-year net income surged 128.4% to $102.8 million from$45.0 million[2] - Core earnings for Q4 2024 reached $67.6 million, a 93.7$34.9 million in Q4 2023; full-year core earnings increased 107.1% to $132.1 million from$63.8 million[2] Ratios and Metrics - The Property & Casualty combined ratio improved to 97.9% for the full year, a 15-point improvement over the previous year[5] - Core ROE for the last twelve months was 8.8%, an increase of 4.5 percentage points from the previous year[2] Premiums and Charges - Net premiums and contract charges earned increased by 8% for the year and 10% for the quarter[5] Shareholder Value - The company reported a book value per share of $31.51, up 9.5$28.78 in the previous year[2] - Adjusted book value per share was $37.54 at year-end, reflecting a 3.4$36.29[2] - Adjusted core EPS for 2025 is estimated to be in the range of $3.60 to$3.90, with expectations of double-digit shareholder return on equity[6] Non-Core Costs - The company recorded $15.7 million in after-tax costs related to non-core legacy commercial liability policies in Q4 2024[3]