Record Third Quarter Core EPS
Horace Mann reported record third quarter core EPS of $1.36, a 64% increase over the prior year.
Significant Increase in Full Year Core EPS Guidance
The company raised its full year core EPS guidance to a range of $4.50 to $4.70.
Strong Performance Across All Segments
Business profitability across all segments is in line with or above target levels, with total revenues for the quarter up 6% and net premiums and contract charges earned up over 7%.
Growth in Supplemental and Group Benefits Segment
Individual supplemental sales increased by 40%, and Group Benefits sales nearly doubled in the quarter.
Decreased Catastrophe Losses
Pretax catastrophe losses year-to-date were $56 million compared to $91 million last year, reflecting lighter severe weather activity.
Strategic Partnerships and Brand Engagement
New partnerships with Teach for America and Grand Canyon University, and increased brand awareness through events like Crayola Creativity Week.
Shareholder Value Creation
The company returned $20 million of capital to shareholders through share repurchases and $43 million through dividends.