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:
以下是贺拉斯·曼恩教育工作者公司（HMN）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
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.
贺拉斯·曼恩报告称，第一季度核心收益摊薄后每股收益为0.60美元，比去年第一季度增长了近3倍。
总收入增长了9％，收入保费和合同费用比上年增长了8％。
尽管提高利率使汽车保费总额增长了近40％，房地产保费增长了近50％，但保单持有人的留存率仍保持稳定和稳定。
第一季度财产和意外收益显示利润大幅增长，合并比率为99.9％，比上年增长13个百分点。
尽管由于按市值计价的估值调整，一些房地产相关基金的表现低于目标水平，但管理投资组合的净投资收益仍增长了7％。
但是，贺拉斯·曼恩教育工作者公司报告称，2024年第一季度的销售额为700万美元，比上年下降20％。
Business Progress:
业务进展：
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.
贺拉斯·曼恩在恢复财产和意外分部的盈利能力方面取得了显著进展，并努力实现2024年全年战略展望。
在过去的一年中，代理机构的招聘人数稳步增长，代理商收入和保费产量大幅增加。
数字营销活动导致网站流量、起始报价和受保人群数量的显著增加。
鉴于灾难索赔的增加，该公司继续投资其工作场所部门，并采取措施对风险进行准确的定价。
计划中的数字功能增强和数字销售渠道的改进正在进行中。
尽管潜在的房地产市场低迷会对基金产生影响，但该公司继续投资代理商和生态系统以推动增长。
More details: Horace Mann Educators IR
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