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Horace Mann Educators | 10-Q: Q3 2024 Earnings Report

Horace Mann Educators | 10-Q: Q3 2024 Earnings Report

霍勒斯曼恩 | 10-Q:2024財年三季報
美股SEC公告 ·  2024/11/04 21:36

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Horace Mann Educators Corporation reported Q3 2024 net income of $34.3 million, up 193% from $11.7 million in Q3 2023, driven by improved Property & Casualty segment results. Total revenues increased 8.8% to $412.1 million, with net premiums and contract charges earned rising 8.7% to $289.1 million, reflecting successful rate and non-rate underwriting actions.The Property & Casualty segment delivered strong performance with a combined ratio of 97.9%, benefiting from $13.0 million in favorable prior years' reserve development and a significantly improved underlying loss ratio. Auto average written premiums increased 16.4% while property premiums rose 18.2%. Catastrophe losses were $34.0 million from 20 events, compared to $28.7 million in Q3 2023.Life & Retirement segment net income declined 29.2% to $14.8 million due to lower net interest spread and higher mortality costs. The Supplemental & Group Benefits segment net income decreased 6.3% to $14.8 million. Book value per share increased to $31.60 as of September 30, 2024, up from $25.74 a year ago, while maintaining strong capital position with a debt-to-capital ratio of 29.8%.
Horace Mann Educators Corporation reported Q3 2024 net income of $34.3 million, up 193% from $11.7 million in Q3 2023, driven by improved Property & Casualty segment results. Total revenues increased 8.8% to $412.1 million, with net premiums and contract charges earned rising 8.7% to $289.1 million, reflecting successful rate and non-rate underwriting actions.The Property & Casualty segment delivered strong performance with a combined ratio of 97.9%, benefiting from $13.0 million in favorable prior years' reserve development and a significantly improved underlying loss ratio. Auto average written premiums increased 16.4% while property premiums rose 18.2%. Catastrophe losses were $34.0 million from 20 events, compared to $28.7 million in Q3 2023.Life & Retirement segment net income declined 29.2% to $14.8 million due to lower net interest spread and higher mortality costs. The Supplemental & Group Benefits segment net income decreased 6.3% to $14.8 million. Book value per share increased to $31.60 as of September 30, 2024, up from $25.74 a year ago, while maintaining strong capital position with a debt-to-capital ratio of 29.8%.
霍勒斯曼恩教育公司報告了2024年第三季度凈利潤爲3430萬美元,比2023年第三季度的1170萬美元增長了193%,這得益於財產與意外保險部門業績的改善。總收入增加了8.8%,達到41210萬美元,其中淨保費和合同費用收益上漲8.7%,達到28910萬美元,反映了成功的費率和非費率承保措施。財產與意外保險部門表現強勁,綜合比率爲97.9%,受益於1300萬美元的往年準備金有利發展和顯著改善的基本賠付比率。汽車平均承保保費增長了16.4%,而財產保費上漲了18.2%。由於20起事件,災難損失爲3400萬美元,而2023年第三季度爲2870萬美元。壽險與養老部門的凈利潤下降29.2%,降至1480萬美元,原因是淨利差降低和較高的死亡成本。補充與團體福利部門的凈利潤下降6.3%,至1480萬美元。截至2024年9月30日,每股賬面價值增加至31.60美元,較一年前的25.74美元有所上升,同時維持了強勁的資本狀況,債務與資本比率爲29.8%。
霍勒斯曼恩教育公司報告了2024年第三季度凈利潤爲3430萬美元,比2023年第三季度的1170萬美元增長了193%,這得益於財產與意外保險部門業績的改善。總收入增加了8.8%,達到41210萬美元,其中淨保費和合同費用收益上漲8.7%,達到28910萬美元,反映了成功的費率和非費率承保措施。財產與意外保險部門表現強勁,綜合比率爲97.9%,受益於1300萬美元的往年準備金有利發展和顯著改善的基本賠付比率。汽車平均承保保費增長了16.4%,而財產保費上漲了18.2%。由於20起事件,災難損失爲3400萬美元,而2023年第三季度爲2870萬美元。壽險與養老部門的凈利潤下降29.2%,降至1480萬美元,原因是淨利差降低和較高的死亡成本。補充與團體福利部門的凈利潤下降6.3%,至1480萬美元。截至2024年9月30日,每股賬面價值增加至31.60美元,較一年前的25.74美元有所上升,同時維持了強勁的資本狀況,債務與資本比率爲29.8%。

譯文內容由第三人軟體翻譯。


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