NYSE$HMN

Horace Mann Educators Corporation · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Horace Mann reported strong fourth-quarter and full-year 2024 results, with significant improvements in core earnings and Property & Casualty segment profitability.

Horace Mann Educators Corporation reported a strong fourth quarter in 2024, with record core earnings of $1.62 per share and total revenues of $409.0 million. The company also achieved full-year net income of $103 million and core earnings of $132 million, driven by improved Property & Casualty combined ratio.

  • Fourth-quarter core earnings reached a record $1.62 per share, demonstrating strong operational performance.
  • Full-year net income was $103 million, or $2.48 per share, and core earnings were $132 million, or $3.18 per share.
  • Total revenues for the fourth quarter increased by 1.5% to $409.0 million, contributing to a 6.9% increase for the full year.
  • The full-year Property & Casualty combined ratio improved by 15 points over the prior year, indicating enhanced profitability in this segment.

Headline financials

Total Revenue

$409M

Previous: $403M+1.5%
EPS (adj)

$1.62

Previous: $0.84+92.9%
Adj. Core EPS

$1.68

Previous: $0.91+84.6%
Book Value / Share

$31.51

Previous: $28.78+9.5%
Adj. Book Value / Share

$37.54

Previous: $36.29+3.4%
Tangible Book / Share

$32.38

Previous: $30.79+5.2%
Core ROE (LTM)

8.8%

Previous: 4.3%+104.7%
Capital Expenditures

$0.00

No prior period
Net Income

$38.2M

Previous: $39.5M-3.3%
Operating Income

$67.6M

No prior period

Revenue & EPS history

Horace Mann · Revenue · Quarterly

$409M

Q4 2024+1.5%vs Q4 2023
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

Horace Mann estimates full-year 2025 core EPS to be between $3.60 and $3.90, with an expectation of double-digit shareholder return on equity, driven by continued business profitability and growth plans.

Tailwinds

  • Expected full-year 2025 core EPS of $3.60 to $3.90.
  • Anticipated double-digit shareholder return on equity.
  • Commitment to maintaining business profitability.
  • Focus on executing growth plans.
  • Positioning the company for sustained, profitable household growth.

Headwinds

  • Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially.
  • Potential for market or competitive conditions to hinder strategy execution.
  • No undertaking to update forward-looking statements if they are not achieved.
  • Catastrophe losses could impact financial results.
  • Investment strategies and their outcomes could vary from expectations.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+0.5%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+2.4%

Avg return

30 days after

54%

35 / 65 earnings

Positive

+9.2%

Q1 2020

Best reaction

-9.2%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.1%-2.8%+2.8%
Q4 2025-3.8%-5.1%-3.4%
Q3 2025+3.6%+0.8%-3.6%
Q1 2025+0.5%-0.3%+5.5%
Q4 2024+5.1%+9.3%+7.5%
Q3 2024+5.1%+9.2%+10.4%
Q2 2024-1.0%-1.0%+3.5%
Q1 2024-8.3%-9.7%-11.7%
Q4 2023+4.0%+6.0%-1.3%
Q3 2023+3.8%+2.8%+5.0%
Q2 2023-4.7%-4.4%-4.9%
Q1 2023+2.7%+4.9%-3.5%
Q4 2022-1.3%-5.9%+1.5%
Q3 2022-2.0%-2.8%-3.7%
Q2 2022+5.6%+7.6%+6.7%
Q1 2022-9.2%-8.8%-8.5%
Q4 2021+2.9%+4.6%+9.2%
Q3 2021-1.6%+1.3%-5.9%
Q2 2021-2.2%+0.6%+3.4%
Q1 2021-3.2%-1.7%-2.7%
Q4 2020-2.6%-2.0%+5.1%
Q3 2020+8.0%+3.7%+18.3%
Q2 2020+4.3%+4.6%-0.4%
Q1 2020+9.2%+1.2%+23.3%
Q4 2019+4.0%-0.3%-6.9%
Q3 2019-1.3%+1.8%+1.6%
Q2 2019+2.9%+3.0%+2.9%
Q1 2019+5.5%+6.3%+6.1%
Q4 2018-7.3%-10.6%-10.2%
Q3 2018+3.5%+7.9%+5.5%
Q2 2018+0.5%+0.1%+5.8%
Q1 2018-3.2%-3.7%+0.5%
Q4 2017+4.4%+3.0%+9.5%
Q3 2017+7.4%+11.1%+13.5%
Q2 2017+3.8%+3.6%+3.6%
Q1 2017-0.9%-1.2%-2.3%
Q4 2016+2.0%+0.2%-1.4%
Q3 2016+1.4%-6.5%+12.8%
Q2 2016-1.4%-3.1%+1.9%
Q1 2016+7.3%
Q4 2015-5.5%
Q3 2015-2.6%
Q2 2015-4.2%
Q1 2015+5.6%
Q4 2014-2.8%
Q3 2014-2.8%
Q2 2014-0.2%
Q1 2014+3.5%
Q4 2013+3.1%
Q3 2013-6.5%
Q2 2013+3.5%
Q1 2013-2.2%
Q4 2011+0.7%
Q1 2010+0.7%
Q4 2012+0.7%
Q3 2012+4.9%
Q2 2012+2.9%
Q1 2011+1.1%
Q1 2012+2.1%
Q4 2009+0.4%
Q3 2010-5.6%
Q3 2011-5.6%
Q4 2010+0.0%
Q2 2011+0.0%
Q2 2010+0.0%

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