Horace Mann Educators earnings date
Horace Mann Educators (HM9) Q3 2026 Earnings Report
DE:HM9 Q3 2026 EPS Results
- Actual EPS
- EUR 1.85
- Consensus EPS
- EUR 0.99
- Beat/Miss
- Beat by +EUR 0.86
- One Year Ago EPS
- EUR 1.22
DE:HM9 Q3 2026 Revenue Results
- Actual Revenue
- EUR 393.88M
- Expected Revenue
- EUR 286.98M
- Beat/Miss
- Beat by +EUR 106.90M
- YoY Revenue Growth
- +0.16%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/03/2026
- Time
- After Close
- Conference Call
- Tuesday, November 3, 2026
Horace Mann Educators's next earnings date is estimated for February 9, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was strongly positive, with record quarterly earnings, broad-based underwriting and investment performance, raised full-year guidance, progress toward strategic targets, strong capital generation, and continued growth across benefits, life, retirement, and selected auto markets. Management also identified several benefits that were stronger than normal, including low catastrophe losses, favorable reserve development, elevated limited partnership returns, and reserve releases, while noting fourth-quarter auto seasonality, modest retention pressure, and slower momentum in certain states.
Horace Mann raised full year 2026 Core EPS guidance to a range of $5.75 to $5.95 per share, assuming approximately $60 million of catastrophe losses, total net investment income in the range of $485 million to $495 million, and managed portfolio income of $385 million to $395 million; the illustrative normalized core earnings per share range is $4.25 to $4.45, and it is not guidance for 2027. The company remains on track for $10 million in expense savings by the end of 26 and expects 25 to 50 basis points of expense ratio improvement for the full year, 10% annual growth in normalized core earnings per share over the 3-year period, and sustainable core shareholder return on equity of at least 12% to 13%; the 2 remaining Medical Mutual of Ohio transactions are expected to close in the first quarter of 27 and, once all 3 transactions are complete, are expected to contribute approximately $0.40 to $0.50 of core earnings per share annually and add about 100 basis points to core shareholder return on equity. The company expects normal seasonality in auto frequency to add approximately 2 to 3 points to the fourth quarter loss ratio, expects full year Group Benefits sales to exceed last year, targets around 50 for benefit ratio for the group business, around a 30 for individual supplemental, and about a 40 on a blended basis, and is comfortable operating in the high twenties from a debt to cap ratio.
- Record Quarterly Earnings and Raised GuidanceHorace Mann reported the strongest quarterly earnings in its history, with third-quarter core earnings per share of $2.06, up 50% from last year's record third quarter. Trailing-12-month core shareholder return on equity increased to 14.2%, and full-year 2026 core EPS guidance was raised to $5.75 to $5.95 per share.
- Strong Supplemental and Group Benefits PerformanceIndividual Supplemental and Group Benefits generated $19 million of core earnings, up 10% year over year, supported by continued growth and strong underwriting results. Individual Supplemental sales grew at an annualized rate of 25% over the past two years, while Group Benefits covered lives increased 7% over the past year and year-to-date sales increased 67%.
- Expanded Group Benefits CapabilitiesHorace Mann added paid family and medical leave coverage to its Group Benefits portfolio in response to employer demand. The recently completed ESI Employee Assistance Group acquisition added nearly 1 million covered lives and expanded the company's employee assistance and well-being offerings.
- Expected Earnings Contribution from AcquisitionsOnce all three Medical Mutual of Ohio transactions are complete, Horace Mann expects them to contribute approximately $0.40 to $0.50 of core earnings per share annually and add about 100 basis points to core shareholder return on equity. The two remaining transactions are expected to close in the first quarter of 2027.
- Improved Property and Casualty ResultsProperty and Casualty core earnings increased 22% year over year to $39 million. The combined ratio improved nearly 4 points to 83.6%, reflecting strong underwriting performance, catastrophe losses below long-term averages, and $8 million of favorable prior-year reserve development.
- Strong Auto Underwriting PerformanceThe auto combined ratio improved nearly 5 points to 90.6%, primarily reflecting favorable prior-year reserve development. Horace Mann said rate and non-rate actions have established the target profitability foundation across the business, with improved new-business sales in several markets where attractive returns are available.
- Strong Property ResultsThe property combined ratio improved nearly 2 points to 73.5%. Results benefited from relatively benign weather conditions, catastrophe losses below both five- and ten-year averages, and the continued earning-in of rate increases and non-rate actions.
- Life and Retirement GrowthLife and Retirement core earnings doubled year over year, supported by higher net investment income and strong life results. Life sales increased 3% from the prior-year quarter and 13% year to date, net written premiums increased 6%, persistency remained approximately 96%, and retirement assets under administration increased 8% over the past year.
- Higher Investment Income and Portfolio ReturnsTotal net investment income increased 17% year over year to nearly $140 million. Limited partnership income more than doubled, with an annualized quarterly return of more than 20% versus a long-term expectation of approximately 8.5%. Core fixed-income income increased 7%, and the core new-money rate was more than 100 basis points above the portfolio book yield through the first nine months.
- Progress Toward Strategic Financial GoalsManagement said results through the first nine months keep the company on track to grow normalized core EPS at a 10% annual rate over the three-year period and deliver sustainable core shareholder return on equity of at least 12% to 13%.
- Distribution and Educator Engagement ExpansionHorace Mann continues to invest in its omni-channel approach, expand partnerships such as Crayola, add professional development programs and educator resources, and expand distribution through exclusive agents, benefit specialists, and contact-center sales representatives. The Horace Mann Club platform has more than 18,000 users.
- Expense Optimization ProgressThe company remains on track to achieve $10 million in expense savings by the end of 2026 and expects 25 to 50 basis points of expense-ratio improvement for the full year.
- Strong Capital Position and Shareholder ReturnsHorace Mann described its balance sheet as strong and returned $16 million to shareholders during the quarter, including $15 million in dividends and $1 million in share repurchases. Approximately $36 million remains under the current share-repurchase authorization, and tangible book value per share increased 9% year over year.
- Successful ESI Integration and Capital FlexibilityManagement said the ESI transaction closed using excess capital and that the integration was progressing smoothly. The company said it remains comfortable operating with debt to capital in the high twenties, compared with the mid twenties currently, while continuing to evaluate share repurchases and other capital-allocation options.
- Strong Retention and Cross-Sell PositionPersistency remained approximately 96% in Life and 89% in Individual Supplemental. Management said P&C customer retention remains strong, P&C customers are highly bundled, and the company's broader product and employer relationships provide opportunities to expand cross-selling across auto, P&C, life, retirement, supplemental, and group products.
DE:HM9 Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 09, 2027 | 2026 (Q4) | 1.18- | 1.09 | ― | ― |
| Nov 03, 2026 | 2026 (Q3) | 0.991.85 | 1.22 | 51.47% (+0.63) | |
| Aug 05, 2026 | 2026 (Q2) | 0.711.05 | 0.96 | 9.76% (+0.09) | |
| May 06, 2026 | 2026 (Q1) | 1.011.15 | 0.96 | 19.63% (+0.19) | |
| Feb 03, 2026 | 2025 (Q4) | 1.061.09 | 1.45 | -25.31% (-0.37) | |
| Nov 04, 2025 | 2025 (Q3) | 1.041.22 | 0.68 | 78.95% (+0.54) | |
| Aug 06, 2025 | 2025 (Q2) | 0.540.96 | 0.18 | 433.00% (+0.78) | |
| May 06, 2025 | 2025 (Q1) | 0.870.96 | 0.54 | 78.33% (+0.42) | |
| Feb 05, 2025 | 2024 (Q4) | 0.921.45 | 0.75 | 92.86% (+0.70) | |
| Nov 04, 2024 | 2024 (Q3) | 0.650.68 | 0.39 | 72.73% (+0.29) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
