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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 ·  2024/08/08 02:18

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Horace Mann Educators Corporation reported Q2 2024 net income of $3.8 million, or $0.09 per diluted share, compared to a net loss of $12.8 million in Q2 2023. Total revenues increased 8.9% to $388.1 million, driven by a 7.7% rise in net premiums and contract charges earned to $280.9 million. The Property & Casualty segment demonstrated improvement with favorable prior years' reserve development in Auto.The Property & Casualty segment saw net premiums written grow 16.6% to $199.2 million, with average written premiums rising for both property and auto lines. Catastrophe losses were $40.9 million pretax, contributing 22.8 points to the combined ratio. The auto underlying loss ratio improved 7.4 points to 74.2%, reflecting the benefit of rate and non-rate actions.Life & Retirement segment net income declined 29.3% to $12.3 million due to lower net interest spread and unfavorable benefits. The Supplemental & Group Benefits segment posted net income of $14.1 million, up 19.5% from prior year. The company maintained strong capital position with shareholders' equity of $1.2 billion and book value per share of $29.60 as of June 30, 2024.
Horace Mann Educators Corporation reported Q2 2024 net income of $3.8 million, or $0.09 per diluted share, compared to a net loss of $12.8 million in Q2 2023. Total revenues increased 8.9% to $388.1 million, driven by a 7.7% rise in net premiums and contract charges earned to $280.9 million. The Property & Casualty segment demonstrated improvement with favorable prior years' reserve development in Auto.The Property & Casualty segment saw net premiums written grow 16.6% to $199.2 million, with average written premiums rising for both property and auto lines. Catastrophe losses were $40.9 million pretax, contributing 22.8 points to the combined ratio. The auto underlying loss ratio improved 7.4 points to 74.2%, reflecting the benefit of rate and non-rate actions.Life & Retirement segment net income declined 29.3% to $12.3 million due to lower net interest spread and unfavorable benefits. The Supplemental & Group Benefits segment posted net income of $14.1 million, up 19.5% from prior year. The company maintained strong capital position with shareholders' equity of $1.2 billion and book value per share of $29.60 as of June 30, 2024.
霍勒斯曼恩教育公司報告了2024年第二季度凈利潤爲380萬美元,每股稀釋收益爲0.09美元,相比之下,2023年第二季度淨虧損爲1280萬美元。總收入增長了8.9%,達到38810萬美元,主要受淨保費和合同費用增加7.7%至28090萬美元的推動。財產與意外傷害部門顯示出改善,汽車領域的前幾年準備金發展良好。財產與意外傷害部門的書寫淨保費增長了16.6%,達到19920萬美元,房產和汽車領域的平均書寫保費均有上升。災難損失爲4090萬美元,稅前,導致合併比率增加22.8個百分點。汽車基礎損失率改善了7.4個百分點,降至74.2%,反映了費率和非費率措施的好處。人壽與養老部門的凈利潤下降了29.3%,降至1230萬美元,原因是淨利差降低和不利的福利。補充與團體福利部門的凈利潤爲1410萬美元,比去年增長19.5%。截至2024年6月30日,該公司保持強勁的資本狀況,股東權益爲12億美元,每股賬面價值爲29.60美元。
霍勒斯曼恩教育公司報告了2024年第二季度凈利潤爲380萬美元,每股稀釋收益爲0.09美元,相比之下,2023年第二季度淨虧損爲1280萬美元。總收入增長了8.9%,達到38810萬美元,主要受淨保費和合同費用增加7.7%至28090萬美元的推動。財產與意外傷害部門顯示出改善,汽車領域的前幾年準備金發展良好。財產與意外傷害部門的書寫淨保費增長了16.6%,達到19920萬美元,房產和汽車領域的平均書寫保費均有上升。災難損失爲4090萬美元,稅前,導致合併比率增加22.8個百分點。汽車基礎損失率改善了7.4個百分點,降至74.2%,反映了費率和非費率措施的好處。人壽與養老部門的凈利潤下降了29.3%,降至1230萬美元,原因是淨利差降低和不利的福利。補充與團體福利部門的凈利潤爲1410萬美元,比去年增長19.5%。截至2024年6月30日,該公司保持強勁的資本狀況,股東權益爲12億美元,每股賬面價值爲29.60美元。

譯文內容由第三人軟體翻譯。


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