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Horace Mann Educators | 10-K: FY2023 Annual Report

SEC ·  Feb 28 04:41
Summary by Futu AI
Horace Mann Educators Corporation, a company listed as HMN.US, has presented its five-year shareholder return performance in its latest annual report. The report includes a comparison of cumulative five-year total returns to shareholders, showing that an initial investment of $100 in Horace Mann's stock at the end of December 2018 would be valued at $103 by the end of December 2023. This performance is contrasted with the S&P 500 Insurance Index and the S&P 500 Index, which grew to $203 and $207, respectively, over the same period. The company's stock underperformed compared to both indices. As of February 16, 2024, Horace Mann had approximately 32,000 holders of its common stock. In terms of business development, the company completed its 2015 share repurchase program and initiated...Show More
Horace Mann Educators Corporation, a company listed as HMN.US, has presented its five-year shareholder return performance in its latest annual report. The report includes a comparison of cumulative five-year total returns to shareholders, showing that an initial investment of $100 in Horace Mann's stock at the end of December 2018 would be valued at $103 by the end of December 2023. This performance is contrasted with the S&P 500 Insurance Index and the S&P 500 Index, which grew to $203 and $207, respectively, over the same period. The company's stock underperformed compared to both indices. As of February 16, 2024, Horace Mann had approximately 32,000 holders of its common stock. In terms of business development, the company completed its 2015 share repurchase program and initiated a new $50 million share repurchase program in 2022. The 2022 Program began following the completion of the previous program and allows for the repurchase of common shares in open market or privately negotiated transactions, subject to market conditions. The program does not have a set expiration date and can be adjusted or terminated without notice. The company's future plans include continuing to utilize the 2022 Program to repurchase shares, with the aim of enhancing shareholder value and managing the company's capital structure effectively.

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