Insurer Horace Mann's Q3 core EPS beats; FY outlook raised

Overview

• US multiline insurer's Q3 revenue up 0.2% yr/yr

• Q3 core EPS rose 51% yr/yr, beating analyst expectations

• Company raised full-year 2026 core EPS guidance

Outlook

• Company raises full-year 2026 core EPS guidance to $5.75-$5.95

Result Drivers

• UNDERWRITING PERFORMANCE - Co attributed record core earnings to improved underwriting in Property & Casualty segment

• INVESTMENT INCOME - Co said higher net investment income contributed to Q3 results

• COMBINED RATIO IMPROVEMENT - Property & Casualty segment combined ratio improved nearly 4 points yr/yr

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the property & casualty insurance peer group is "hold."

• Wall Street's median 12-month price target for Horace Mann Educators Corporation is $54.00, about 13% above its November 2 closing price of $47.78

• The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads

• Nov 2 - CNA Financial Q3 net income falls, catastrophe losses rise

• Nov 3 - Bowhead Q3 profit beats estimates on divisional premium growth

• Nov 3 - United Fire Group Q3 profit falls 10% as combined ratio worsens

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)