HORACE MANN EDUCATORS CORP DE
For the period ended Sep 30, 2024. Filed Nov 4, 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.
Sep 30, 2024 · Filed Nov 4, 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 EndedSeptember 30, | 2024-2023 | Nine Months EndedSeptember 30, | 2024-2023 | ||||
|---|---|---|---|---|---|---|---|---|
| 2024 · 2023 · % Change · 2024 · 2023 · % Change | ||||||||
| Revenues | ||||||||
| Total revenues | 0.2 | 0.5 | -60.0% | 0.6 | 0.7 | -14.3% | ||
| Expenses | ||||||||
| Interest expense | $8.7 | $7.5 | 16.0% | $26.1 | $21.1 | 23.7% | ||
| Other operating expenses | 2.7 | 1.9 | 42.1% | 8.3 | 5.7 | 45.6% | ||
| Total expenses | 11.4 | 9.4 | 21.3% | 34.4 | 26.8 | 28.4% | ||
| Loss before income taxes | (11.2) | (8.9) | -25.8% | (33.8) | (26.0) | -30.0% | ||
| Income tax benefit | (2.3) | (1.8) | -27.8% | (7.0) | (5.3) | -32.1% | ||
| Core loss* after tax | (8.9) | (7.1) | -25.4% | (26.8) | (20.7) | -29.5% | ||
| Net investment gains (losses), pretax | 3.8 | (8.4) | 145.2% | 0.1 | (29.7) | 100.3% | ||
| Tax on net investment gains (losses) | 0.8 | (1.8) | 144.4% | — | (6.3) | 100.0% | ||
| Net investment gains (losses), after tax | 3.0 | (6.6) | 145.5% | 0.1 | (23.4) | 100.4% | ||
| Net loss | (5.9) | (13.7) | 56.9% | (26.7) | (44.1) | 39.5% | ||
For the three and nine months ended September 30, 2024, the net results improved $7.8 million and $17.4 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.