HORACE MANN EDUCATORS CORP DE
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
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Corporate & Other
The following table provides certain financial information for Corporate & Other for the periods indicated.
| ($ in millions) | Three Months EndedMarch 31, | 2024-2023 | ||
|---|---|---|---|---|
| 2024 · 2023 · % Change | ||||
| Revenues | ||||
| Net investment income | $(0.5) | $(0.5) | —% | |
| Other income | 0.7 | 0.6 | 16.7% | |
| Total revenues | 0.2 | 0.1 | 100.0% | |
| Expenses | ||||
| Interest expense | 8.7 | 6.6 | 31.8% | |
| Other operating expenses | 2.2 | 1.7 | 29.4% | |
| Total expenses | 10.9 | 8.3 | 31.3% | |
| Loss before income taxes | (10.7) | (8.2) | -30.5% | |
| Income tax benefit | (2.2) | (1.7) | -29.4% | |
| Core loss* after tax | (8.5) | (6.5) | -30.8% | |
| Net investment gains (losses), pretax | 2.2 | (3.9) | N.M. | |
| Tax on net investment gains (losses) | 0.5 | (0.8) | N.M. | |
| Net investment gains (losses), after tax | 1.7 | (3.1) | N.M. | |
| Net loss | (6.8) | (9.8) | 30.6% | |
For the three months ended March 31, 2024, the net results improved $3.0 million primarily due to net investment gains partially offset by an increase in interest expense.
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