Horace Mann Educators ( (HMN) ) has released its Q4 earnings. Here is a breakdown of the information Horace Mann Educators presented to its investors.
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Horace Mann Educators Corporation, headquartered in Springfield, Illinois, is a leading multiline financial services company dedicated to providing insurance and financial solutions tailored to the needs of educators and those serving the community.
In their latest earnings report, Horace Mann announced significant financial results for the fourth quarter and full year of 2024, highlighting a strong performance despite challenges in the financial sector. The company’s diversified business model has continued to support its mission to empower educators in achieving financial success.
For the full year, Horace Mann reported a net income of $103 million, translating to $2.48 per share, with core earnings reaching $132 million or $3.18 per share. Notably, the company achieved record core earnings of $1.62 per share in the fourth quarter. Total revenue increased by 7% year-over-year, driven by an 8% rise in net premiums and contract charges. Moreover, the Property & Casualty segment saw a significant improvement in its combined ratio, moving to 97.9% from the previous year.
Looking ahead to 2025, Horace Mann projects core earnings per share to be in the range of $3.60 to $3.90, with expectations of a double-digit return on equity for shareholders. The company aims to maintain profitability and execute growth plans, reinforcing its commitment to delivering consistent value to its stakeholders.
With a solid balance sheet and strategic focus, Horace Mann continues to position itself as a reliable partner for educators, while also enhancing shareholder value through comprehensive benefits and sound financial management.
