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Horace Mann Educators Corp. (HMN)
NYSE:HMN
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.02Last Year’s EPS
$0.84Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: 6.65%
|Next Earnings Date:Feb 11, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment with significant growth in core earnings and improvements in loss ratios and revenue. Despite challenges from Hurricane Helene and some segments underperforming, the company is on track with its strategic goals, showing strong sales and digital marketing success.Company Guidance
During Horace Mann's Q3 2024 earnings call, the company provided several key metrics and guidance updates. Core earnings for the quarter were reported at $0.76 per diluted share, marking a 73% increase from the previous year, and the company maintained its full-year core EPS guidance of $2.40 to $2.70. Revenue growth was noted at 9%, with significant sales increases in auto, life, and individual supplemental lines. The combined ratio improved nearly 19 points to under 98%, despite a 12-point impact from catastrophe events, primarily Hurricane Helene, which caused $22.5 million in damages. Horace Mann aims for sustainable double-digit shareholder returns on equity by 2025 and targets mid-single-digit rate increases in the auto sector to keep pace with loss trends. The company also highlighted strong agency recruitment, digital lead growth, and continued investment in growth opportunities across its segments.Significant Increase in Core Earnings
Third quarter core earnings of $0.76 per diluted share, a 73% increase over the prior year.
Revenue Growth
Revenues were up 9%, with double-digit sales increases in auto, life, and individual supplemental lines.
Improvement in Loss Ratios
Auto underlying loss ratio was 71.5%, an 8.2 point improvement, and property was 41.4%, a 20.4 point improvement over the prior year.
Combined Ratio Improvement
Reported combined ratio of just under 98%, a nearly 19-point improvement over third quarter 2023.
Successful Rate Adequacy Strategy
On track to achieve rate adequacy across the Property & Casualty book and segment underwriting profitability for the full year 2024.
Increase in Auto and Life Sales
Auto sales increased by 24% and life sales by 14%.
Digital Marketing Success
50% increase in quotes started online, following upgrades to website and quoting functionality.
Strong Individual Supplemental Sales
20% increase in sales over the prior year in the individual supplemental line.
Steady Net Investment Income
Net investment income remains in line with guidance, with early signs of stabilization in commercial loan mortgage income.
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HMN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HMN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $37.07 | $38.95 | +5.07% |
| Aug 07, 2024 | $33.28 | $32.79 | -1.47% |
| May 08, 2024 | $38.07 | $34.58 | -9.17% |
| Feb 07, 2024 | $34.49 | $35.65 | +3.36% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Horace Mann Educators Corp. (HMN) report earnings?
Horace Mann Educators Corp. (HMN) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Horace Mann Educators Corp. (HMN) earnings time?
Horace Mann Educators Corp. (HMN) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HMN EPS forecast?
HMN EPS forecast for the fiscal quarter 2024 (Q4) is $1.02.
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