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Horace Mann(HMN) - 2025 Q2 - Earnings Call Presentation

Financial Performance - Horace Mann's second-quarter core earnings per share (EPS) was $1.06[6] - The company's core return on equity (ROE) reached 12.6%, a 6.1 percentage point increase compared to the previous year[6, 7] - Horace Mann repurchased $13 million of shares year-to-date at an average multiple of 1.05x book value[7] - The company's adjusted book value per share has shown a 7.0% compound annual growth since 2010[8] Segment Results - The Property & Casualty (P&C) combined ratio improved to 97.0%, a 14.5 percentage point improvement year-over-year[6, 7] - Life & Retirement (L&R) core earnings doubled compared to the prior year, reaching $24.6 million[7, 16] - Individual Supplemental sales increased by 43%[7] and Auto sales were up by 6%[7, 15] Investment Portfolio - The investment portfolio has a fair value of $6.9 billion[32] - The company's annualized limited partnership returns were 10%[7] - The company's annualized commercial mortgage loan fund returns were 7%[7] Guidance and Outlook - Horace Mann revised its full-year 2025 core EPS guidance to a range of $4.15 to $4.45[41] - The company anticipates total net investment income of $470 million to $480 million[43]