Horace Mann(US:HMN)2025-05-06 20:24Financial 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]