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Horace Mann Educators | 10-Q: Q2 2024 Earnings Report

Horace Mann Educators | 10-Q: Q2 2024 Earnings Report

霍勒斯曼恩 | 10-Q:2024財年二季報
美股SEC公告 ·  08/08 10:18

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Horace Mann Educators (HMEC) reported a net income increase for the second quarter of 2024, with a significant rise of 129.7% compared to the same period in 2023. The company's total revenues also saw an 8.9% increase, reaching $388.1 million. This growth was primarily attributed to lower net investment losses and improved Property & Casualty segment results, which benefited from rate and non-rate underwriting actions and favorable prior years' reserve development in Auto. The net income for the six months ended June 30, 2024, increased by 588.7%, with total revenues up by 9.0%. The Property & Casualty segment experienced a 16.6% increase in net premiums written, with a combined ratio improvement of 17.4 points for the quarter. The Life & Retirement segment saw a decrease in net income due to lower net...Show More
Horace Mann Educators (HMEC) reported a net income increase for the second quarter of 2024, with a significant rise of 129.7% compared to the same period in 2023. The company's total revenues also saw an 8.9% increase, reaching $388.1 million. This growth was primarily attributed to lower net investment losses and improved Property & Casualty segment results, which benefited from rate and non-rate underwriting actions and favorable prior years' reserve development in Auto. The net income for the six months ended June 30, 2024, increased by 588.7%, with total revenues up by 9.0%. The Property & Casualty segment experienced a 16.6% increase in net premiums written, with a combined ratio improvement of 17.4 points for the quarter. The Life & Retirement segment saw a decrease in net income due to lower net interest spread and unfavorable benefits, while the Supplemental & Group Benefits segment reported a 19.5% increase in net income for the quarter. Looking ahead, HMEC estimates that 2024 full-year core earnings will be within a range of $2.40 to $2.70 per diluted share, a decrease from previous estimates due to lower-than-expected net investment income in the first half of the year. The company continues to manage its investment portfolio, which is primarily composed of investment-grade fixed maturity securities, and maintains sufficient liquidity to meet its needs.
霍勒斯曼恩(HMEC)公佈了2024年第二季度的淨利潤增長,同比增長了129.7%。公司的總收入也增加了8.9%,達到$38810萬。這主要歸因於較低的淨投資損失和財產及意外傷害保險部分的改善業績,受益於費率和非費率承保措施以及自動險前幾年儲備金髮展的有利因素。截至2024年6月30日的六個月淨收入增長了588.7%,總收入增長了9.0%。財產和意外傷害保險部門淨保費收入增加了16.6%,本季度綜合比率提高了17.4個百分點。壽險養老部門由於淨利息利差和不利的利益影響而減少,而附加和團體福利部門報告了本季度淨收入增長19.5%。展望未來,HMEC估計2024年全年核心收益將在每股攤薄後的$2.40至$2.70的區間內,這較之前的估計有所下降,原因是上半年的淨投資收入低於預期。該公司繼續管理其投資組合,主要由投資級別的固定到期債務工具組成,並保持足夠的流動性以滿足其需求。
霍勒斯曼恩(HMEC)公佈了2024年第二季度的淨利潤增長,同比增長了129.7%。公司的總收入也增加了8.9%,達到$38810萬。這主要歸因於較低的淨投資損失和財產及意外傷害保險部分的改善業績,受益於費率和非費率承保措施以及自動險前幾年儲備金髮展的有利因素。截至2024年6月30日的六個月淨收入增長了588.7%,總收入增長了9.0%。財產和意外傷害保險部門淨保費收入增加了16.6%,本季度綜合比率提高了17.4個百分點。壽險養老部門由於淨利息利差和不利的利益影響而減少,而附加和團體福利部門報告了本季度淨收入增長19.5%。展望未來,HMEC估計2024年全年核心收益將在每股攤薄後的$2.40至$2.70的區間內,這較之前的估計有所下降,原因是上半年的淨投資收入低於預期。該公司繼續管理其投資組合,主要由投資級別的固定到期債務工具組成,並保持足夠的流動性以滿足其需求。

譯文內容由第三人軟體翻譯。


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