Horace Mann(US:HMN)2025-05-06 22:54Financial Performance - First-quarter core earnings per share (EPS) reached $1.07, indicating strong growth momentum[6] - The company is on track to deliver record full-year core earnings[6] - Core return on equity (ROE) was 10.6%, a 4.9 percentage point improvement over the prior year[6,8] Segment Results - The P&C combined ratio improved by 10.5 points to 89.4% compared to the prior year[6,8] - Individual Supplemental sales increased by 61% year-over-year, demonstrating strong sales growth[8] - Total revenues increased by 8% year-over-year to $416 million, driven by an 8% increase in net premiums and contract charges earned[8] - First-quarter segment core earnings of Life & Retirement were $7.9 million, below prior year primarily due to higher mortality[20] - First-quarter segment net investment income of Individual Supplemental & Group Benefits was $9.4 million, 20.5% above the prior year[33] Capital Management and Investments - The company increased its annual dividend by 3% in March 2025, marking the 17th consecutive annual increase[8] - $7 million in shares were repurchased year-to-date[8] - Total net investment income on the managed portfolio increased by 15% year-over-year[8] Financial Position and Outlook - The company has $14.4 billion in assets[51] - Full-year 2025 core EPS guidance is set at $3.85 to $4.15, with core earnings expected to be between $160 million and $175 million[45]