Horace Mann Educators Earnings Call Transcripts
Fiscal Year 2026
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The acquisition of three businesses from Medical Mutual of Ohio for $240 million will expand distribution, add over a million covered lives, and is expected to be immediately accretive to earnings and ROE. The deal supports long-term growth, enhances the employer value proposition, and provides national reach with minimal integration risk.
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The meeting highlighted record financial results for 2025, with strong earnings and return on equity. All board nominees and proposals, including executive compensation and auditor ratification, were overwhelmingly approved. Strategic initiatives focused on educator support and sustainability.
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Record first quarter results with core EPS up 20% year-over-year, strong growth in life, supplemental, and group benefits, and improved P&C profitability. Guidance and strategic targets remain unchanged, with continued disciplined capital management.
Fiscal Year 2025
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Record 2025 results featured 39% core earnings growth, 7% revenue increase, and strong segment performance, aided by low catastrophe losses and expanded distribution. 2026 guidance targets 10% EPS growth, continued margin improvement, and robust capital management.
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Record third quarter results featured a 64% EPS increase, strong revenue growth, and all segments at or above target profitability. Full-year EPS guidance was raised, with disciplined capital management and strategic investments supporting long-term growth.
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Second quarter core EPS nearly tripled year-over-year, with strong growth across all segments and lower catastrophe losses. Full-year 2025 core EPS guidance was raised, and capital returns to shareholders increased, supported by robust investment income and strategic initiatives.
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A clear strategy targets 10-15% annual new business growth and 10%+ earnings CAGR, leveraging unique educator market access, omnichannel distribution, and technology investments. Record earnings, strong capital, and expanding partnerships support confidence in sustained, profitable growth.
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Record first quarter results with core EPS up 73% year-over-year and strong growth across all segments. Profitability restoration, higher investment income, and robust sales drove performance, with updated 2025 guidance reaffirming double-digit ROE targets.
Fiscal Year 2024
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Record Q4 and full-year results driven by restored P&C profitability, strong sales growth, and higher investment income. 2025 guidance targets core EPS of $3.60–$3.90 and double-digit ROE, with continued investment in technology and distribution.
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Third quarter core earnings rose 73% year-over-year, with strong premium growth and improved loss ratios across segments. Full-year guidance is maintained, and the company is on track for double-digit ROE in 2025, supported by robust capital management and digital investments.
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Core earnings and revenues rose sharply year-over-year, driven by strong segment sales and improved underwriting. Catastrophe losses and commercial mortgage loan fund valuations pressured results, but profitability restoration remains on track, with double-digit ROE targeted for 2025.