Horace Mann Educators (NYSE:HMN) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$388.1m (up 8.9% from 2Q 2023).

• Net income: US$3.80m (up from US$12.8m loss in 2Q 2023).

• Profit margin: 1.0% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue.

• EPS: US$0.092 (up from US$0.31 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Horace Mann Educators Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 53%.

Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are down 1.3% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Horace Mann Educators' balance sheet and an in-depth analysis of the company's financial position.

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