Horace Mann Q2 core EPS beats estimates, lifts outlook
Horace Mann Q2 core EPS beats estimates, lifts outlook
Overview
US multiline financial services firm's Q2 revenue rose 8% yr/yr
Core EPS for Q2 beat analyst expectations, rising 10% yr/yr
Company raised full-year 2026 core EPS guidance to $4.60-$4.90
Outlook
Company raises full-year 2026 core EPS guidance to $4.60-$4.90
Result Drivers
UNDERWRITING PERFORMANCE - Co said improved underlying underwriting in Property & Casualty segment contributed to results
LOWER CATASTROPHE LOSSES - Co attributed results in part to lower catastrophe losses
SALES MOMENTUM - Co cited continued sales momentum across its businesses as a driver of results
Company press release: ID:nBw1VjrGla
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Slight Miss* | $443.5 mln | $443.9 mln (1 Analyst) |
Q2 Core EPS | Beat | $1.17 | $0.82 (3 Analysts) |
Q2 Net Income |
| $41.6 mln |
|
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "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 $51.00, about 1.9% below its August 4 closing price of $51.97
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago
Reuters Recommended Reads
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Aug 4 - Mercury General Q2 net income rises, combined ratio improves
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.)
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