Earnings Call Summary | Horace Mann Educators(HMN.US) Q1 2024 Earnings Conference
Earnings Call Summary | Horace Mann Educators(HMN.US) Q1 2024 Earnings Conference
The following is a summary of the Horace Mann Educators Corporation (HMN) Q1 2024 Earnings Call Transcript:
以下是賀拉斯·曼恩教育工作者公司（HMN）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Horace Mann reported Q1 core earnings of $0.60 per diluted share, a nearly 3-fold increase from last year's first quarter.
Total revenues were up 9%, and earned premiums and contract charges increased by 8% over prior year.
Despite rate increases leading to total premium increases of nearly 40% in auto and nearly 50% in property, policyholder retention has remained steady and consistent.
First quarter P&C earnings showed a dramatic profit increase with a combined ratio of 99.9% which was a 13-point improvement over prior year.
Net investment income on the managed portfolio was up 7% despite some real estate related funds performing below target levels due to mark-to-market valuation adjustments.
However, Horace Mann Educators Corporation reported sales of $7 million in Q1 2024, a 20% decrease from the previous year.
賀拉斯·曼恩報告稱，第一季度核心收益攤薄後每股收益爲0.60美元，比去年第一季度增長了近3倍。
總收入增長了9％，收入保費和合同費用比上年增長了8％。
儘管提高利率使汽車保費總額增長了近40％，房地產保費增長了近50％，但保單持有人的留存率仍保持穩定和穩定。
第一季度財產和意外收益顯示利潤大幅增長，合併比率爲99.9％，比上年增長13個百分點。
儘管由於按市值計價的估值調整，一些房地產相關基金的表現低於目標水平，但管理投資組合的淨投資收益仍增長了7％。
但是，賀拉斯·曼恩教育工作者公司報告稱，2024年第一季度的銷售額爲700萬美元，比上年下降20％。
Business Progress:
業務進展：
Horace Mann made notable progress in restoring P&C segment profitability and works towards the strategic 2024 full year outlook.
Agency recruitment saw a steady increase over the past year with significant increases in agency income and premium production.
Digital marketing drives resulted in a significant increase in website traffic, started quotes, and a growing number of covered lives.
The company continued to invest in its work-site division and implemented measures to accurately price risk in light of rising catastrophe claims.
Planned enhancements for digital capabilities and improvements to digital sales funnels are underway.
Despite potential real estate market downturns' impact on funds, the company continues to invest in agents and ecosystem to drive growth.
賀拉斯·曼恩在恢復財產和意外分部的盈利能力方面取得了顯著進展，並努力實現2024年全年戰略展望。
在過去的一年中，代理機構的招聘人數穩步增長，代理商收入和保費產量大幅增加。
數字營銷活動導致網站流量、起始報價和受保人群數量的顯著增加。
鑑於災難索賠的增加，該公司繼續投資其工作場所部門，並採取措施對風險進行準確的定價。
計劃中的數字功能增強和數字銷售渠道的改進正在進行中。
儘管潛在的房地產市場低迷會對基金產生影響，但該公司繼續投資代理商和生態系統以推動增長。
More details: Horace Mann Educators IR
更多詳情： 賀拉斯·曼恩教育工作者 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。