Horace Mann Q3 core EPS beats expectations on lower catastrophe costs

Overview

• Horace Mann Q3 revenue rises 6%, beating analyst expectations

• Core EPS for Q3 beats analyst estimates, showing strong operational performance

• Company raises full-year 2025 core EPS guidance to $4.50-$4.70

Outlook

• Horace Mann raises full-year 2025 core EPS guidance to $4.50-$4.70

• Company targets double-digit shareholder return on equity for 2025

Result Drivers

• PROPERTY & CASUALTY IMPROVEMENT - Co's Property & Casualty segment combined ratio improved by more than 10 points over prior year

• LOWER CATASTROPHE COSTS - Co benefited from catastrophe costs that were meaningfully below prior year and recent prior periods, per CEO Marita Zuraitis

• TANGIBLE BOOK VALUE INCREASE - Tangible book value per share increased by more than 9%

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the property & casualty insurance peer group is "buy"

• Wall Street's median 12-month price target for Horace Mann Educators Corp is $49.00, about 9.7% above its November 3 closing price of $44.25

• The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nBw70N6fja

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)