Brief: Horace Mann Raises 2021 EPS Guidance To $3.50 To $3.70

Horace Mann Educators

01/07/2021 21:32

July 1 (Reuters) - Horace Mann Educators Corp  HMN.N :
    * HORACE MANN RAISES 2021 EPS GUIDANCE TO $3.50 TO $3.70
LARGELY
ON STRENGTH OF NET INVESTMENT INCOME AND IMPACT OF
LOWER-THAN-GUIDED CATASTROPHE LOSSES IN SECOND QUARTER
    * HORACE MANN EDUCATORS CORP - NOW EXPECTS 2021 CORE RETURN
ON
EQUITY WILL BE ABOVE 10%
    * HORACE MANN EDUCATORS - REVISED FY 2021 GUIDANCE ASSUMES
TOTAL
NET INVESTMENT INCOME TO INCREASE TO RANGE OF $385 MILLION TO
$405 MILLION DUE TO Q2 RESULTS
    * HORACE MANN EDUCATORS - NOW EXPECT CATASTROPHE LOSSES FOR
JUST-ENDED Q2 WILL BE ABOUT $15 MILLION TO $18 MILLION
    * HORACE MANN EDUCATORS - IN LINE WITH INDUSTRY EXPERIENCE,
SEEING
CLEAR SIGNS THAT AUTO LOSS RATIOS ARE ON ANTICIPATED PATH TO
PRE-PANDEMIC LEVELS

Source text for Eikon:  ID:nBw9CdMN7a 
Further company coverage:  HMN.N 

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