Horace Mann Educators slips on weak Q1 outlook

Horace Mann Educators

21/04/2023 15:54

**  Shares of property and casualty insurer Horace Mann
Educators Corp  HMN.N  down 4.36% at $31.82 
    ** HMN expects Q1 2023 core EPS in the range of $0.21 to
$0.23, below analyst estimates of $0.31
    ** Also expect catastrophe losses for Q1 to be in the range
of $22 mln to $23 mln
    ** Insurer continues to expect that full-year catastrophe
losses will account for about 10 points on the combined ratio, a
key metric that indicates profitability for insurers
    ** HMN stock down 14.22% YTD

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.chaudhary@thomsonreuters.com))