HORACE MANN EDUCATORS CORP DE
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
View on SEC.govAbout this filing
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.
Jun 30, 2024 · Filed Aug 7, 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 EndedJune 30, | 2024-2023 | Six Months EndedJune 30, | 2024-2023 | ||||
|---|---|---|---|---|---|---|---|---|
| 2024 · 2023 · % Change · 2024 · 2023 · % Change | ||||||||
| Revenues | ||||||||
| Total revenues | 0.2 | 0.2 | —% | 0.4 | 0.2 | 100.0% | ||
| Expenses | ||||||||
| Interest expense | $8.7 | $6.9 | 26.1% | $17.4 | $13.6 | 27.9% | ||
| Other operating expenses | 3.4 | 2.0 | 70.0% | 5.6 | 3.7 | 51.4% | ||
| Total expenses | 12.1 | 8.9 | 36.0% | 23.0 | 17.3 | 32.9% | ||
| Loss before income taxes | (11.9) | (8.7) | -36.8% | (22.6) | (17.2) | -31.4% | ||
| Income tax benefit | (2.5) | (1.8) | -38.9% | (4.7) | (3.5) | -34.3% | ||
| Core loss* after tax | (9.4) | (6.9) | -36.2% | (17.9) | (13.7) | -30.7% | ||
| Net investment gains (losses), pretax | (5.9) | (17.4) | 66.1% | (3.7) | (21.3) | 82.6% | ||
| Tax on net investment gains (losses) | (1.3) | (3.7) | 64.9% | (0.8) | (4.5) | 82.2% | ||
| Net investment gains (losses), after tax | (4.6) | (13.7) | 66.4% | (2.9) | (16.8) | 82.7% | ||
| Net loss | (14.0) | (20.6) | 32.0% | (20.8) | (30.4) | 31.6% | ||
For the three and six months ended June 30, 2024, the net results improved $6.6 million and $9.6 million, respectively, primarily due to lower net investment losses partially offset by an increase in interest expense.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.