HORACE MANN EDUCATORS CORP DE
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
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Corporate & Other
The following table provides certain financial information for Corporate & Other for the years indicated.
| ($ in millions) | Year Ended December 31, | 2024-2023 | |||
|---|---|---|---|---|---|
| 2024 · 2023 · Change % | |||||
| Total revenues | $0.9 | $3.4 | -73.5% | ||
| Interest expense | 34.6 | 29.7 | 16.5% | ||
| Other operating expenses | 9.3 | 7.4 | 25.7% | ||
| Loss before income taxes | (43.0) | (33.7) | -27.6% | ||
| Core loss* after tax | (33.7) | (27.1) | -24.4% | ||
| Net investment losses, pretax | (17.3) | (24.0) | N.M. | ||
| Net investment losses, after tax | (13.6) | (18.8) | N.M. | ||
| Non-core Legacy Commercial exposures, pretax | (20.0) | 0.0 | N.M. | ||
| Non-core Legacy Commercial exposures, after tax | (15.7) | 0.0 | N.M. | ||
| Net loss | (63.0) | (45.9) | 37.3% | ||
For 2024, the net loss increased $17.1 million, primarily due to an increase in reserves relate to the legacy commercial exposures and an increase in interest expense partially offset by lower net investment losses.
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