HORACE MANN EDUCATORS CORP DE
For the period ended Sep 30, 2024. Filed Nov 4, 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.
Sep 30, 2024 · Filed Nov 4, 2024
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Consolidated Financial Highlights
| ($ in millions) | Three Months EndedSeptember 30, | 2024-2023 | Nine Months EndedSeptember 30, | 2024-2023 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 · 2023 · % Change · 2024 · 2023 · % Change | ||||||||||
| Total revenues | $412.1 | $378.7 | 8.8% | $1,186.2 | $1,089.0 | 8.9% | ||||
| Net income | 34.3 | 11.7 | 193.2% | 64.6 | 5.5 | 1,074.5% | ||||
| Net Investment gains (losses), after tax | 3.0 | (6.6) | 145.5% | 0.1 | (23.4) | 100.4% | ||||
| Per diluted share: | ||||||||||
| Net income | 0.83 | 0.28 | 196.4% | 1.56 | 0.13 | 1,100.0% | ||||
| Net investment gains (losses), after tax | 0.07 | (0.16) | 143.8% | — | (0.57) | 100.0% | ||||
| Book value per share | $31.60 | $25.74 | 22.8% | |||||||
| Net income return on equity - last twelve months | 8.8% | (1.0)% | 9.8 | pts | 8.8% | (1.0%) | 9.8 | pts | ||
| Net income return on equity - annualized | 11.0% | 4.3% | 6.7 | pts | 7.0% | 0.7% | 6.3 | pts | ||
For the three and nine months ended September 30, 2024, net income increased $22.6 million and $59.1 million primarily due to improved Property & Casualty segment results reflecting the effect of rate and non-rate underwriting actions as well as the impact of favorable prior years' reserve development and lower net investment losses in Corporate & Other.
| Horace Mann Educators Corporation | 36 | Third Quarter 2024 Form 10-Q |
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