Overview
US multiline insurer's Q1 revenue rose 3%, but missed the sole analyst estimate
Core EPS for Q1 rose 20% year-over-year
Company returned $33 mln to shareholders, including $18 mln in share repurchases
Outlook
Company maintains full-year 2026 core EPS guidance at $4.20-$4.50
Result Drivers
PROPERTY & CASUALTY PROFITABILITY - Co said record core earnings were driven by very strong profitability in its Property & Casualty segment, with combined ratio improving more than 5 points over prior year
PREMIUM AND FEE REVENUE GROWTH - Premiums, contract charges and fee revenue rose 6% for the quarter, contributing to top-line growth
Company press release: ID:nBw3F770xa
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$429.30 mln
$445.40 mln (1 Analyst)
Q1 Core EPS
Beat
$1.28
$1.09 (2 Analysts)
Q1 Net Income
$41.20 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the property & casualty insurance peer group is "buy"
Wall Street's median 12-month price target for Horace Mann Educators Corp is $51.50, about 12% above its May 5 closing price of $45.97
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)