HORACE MANN EDUCATORS CORP /DE/
For the period ended Mar 31, 2025. Filed May 6, 2025.
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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, 2025 · Filed May 6, 2025
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Consolidated Financial Highlights
| ($ in millions) | Three Months EndedMarch 31, | 2025-2024 | |||
|---|---|---|---|---|---|
| 2025 · 2024 · % Change | |||||
| Total revenues | $416.4 | $386.0 | 7.9% | ||
| Net income | 38.2 | 26.5 | 44.2% | ||
| Net Investment gains (losses), after tax | (2.6) | 1.7 | -252.9% | ||
| Per diluted share: | |||||
| Net income | 0.92 | 0.64 | 43.8% | ||
| Net investment gains (losses), after tax | (0.06) | 0.04 | -250.0% | ||
| Book value per share | $32.79 | $29.57 | 10.9% | ||
| Net income return on equity - last twelve months | 9.0% | 5.7% | 3.3 | pts | |
| Net income return on equity - annualized | 11.6% | 8.9% | 2.7 | pts | |
For the three months ended March 31, 2025, net income increased $11.7 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 higher net investment income partially offset by higher mortality in Life & Retirement and net investment losses in Corporate & Other.
| Horace Mann Educators Corporation | 35 | First Quarter 2025 Form 10-Q |
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