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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财年二季报
美股SEC公告 ·  2024/08/07 22:18

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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报告了2024年第二季度净利润为380万美元,每股稀释收益为0.09美元,相比之下,2023年第二季度净亏损为1280万美元。总收入增长了8.9%,达到38810万美元,主要受净保费和合同费用增加7.7%至28090万美元的推动。财产与意外伤害部门显示出改善,汽车领域的前几年准备金发展良好。财产与意外伤害部门的书写净保费增长了16.6%,达到19920万美元,房产和汽车领域的平均书写保费均有上升。灾难损失为4090万美元,税前,导致合并比率增加22.8个百分点。汽车基础损失率改善了7.4个百分点,降至74.2%,反映了费率和非费率措施的好处。人寿与养老部门的净利润下降了29.3%,降至1230万美元,原因是净利差降低和不利的福利。补充与团体福利部门的净利润为1410万美元,比去年增长19.5%。截至2024年6月30日,该公司保持强劲的资本状况,股东权益为12亿美元,每股账面价值为29.60美元。
霍勒斯曼恩教育公司报告了2024年第二季度净利润为380万美元,每股稀释收益为0.09美元,相比之下,2023年第二季度净亏损为1280万美元。总收入增长了8.9%,达到38810万美元,主要受净保费和合同费用增加7.7%至28090万美元的推动。财产与意外伤害部门显示出改善,汽车领域的前几年准备金发展良好。财产与意外伤害部门的书写净保费增长了16.6%,达到19920万美元,房产和汽车领域的平均书写保费均有上升。灾难损失为4090万美元,税前,导致合并比率增加22.8个百分点。汽车基础损失率改善了7.4个百分点,降至74.2%,反映了费率和非费率措施的好处。人寿与养老部门的净利润下降了29.3%,降至1230万美元,原因是净利差降低和不利的福利。补充与团体福利部门的净利润为1410万美元,比去年增长19.5%。截至2024年6月30日,该公司保持强劲的资本状况,股东权益为12亿美元,每股账面价值为29.60美元。
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