Horace Mann Educators Earnings Call Transcripts
Fiscal Year 2025
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Record 2025 results included core EPS of $4.71, 12.4% ROE, and 7% revenue growth, with all segments meeting or exceeding targets. 2026 guidance calls for 10% EPS growth from a normalized baseline, continued strong capital management, and further expense ratio improvement.
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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 focuses on deepening educator market penetration, expanding into new districts, and testing adjacent segments, supported by omnichannel distribution, technology, and partnerships. Financial guidance targets 10-15% new business growth and 10%+ earnings CAGR, with disciplined capital management and ongoing investment in operational efficiency.
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Record Q1 core EPS rose 73% year-over-year, driven by strong P&C performance and investment income. Guidance for 2025 remains on track for record core earnings and double-digit ROE, with continued dividend growth and share repurchases supporting shareholder value.
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 grew strongly year-over-year, with improved P&C profitability and robust sales across all segments. Catastrophe losses and CML valuation adjustments weighed on results, but guidance remains positive for 2025 profitability and double-digit ROE.