Horace Mann Educators Corporation (NYSE:HMN) Q2 2023 Earnings Conference Call August 2, 2023 12:30 PM ET

Company Participants

Heather Wietzel - Vice President, Investor Relations

Marita Zuraitis - President and Chief Executive Officer

Bret Conklin - Executive Vice President and Chief Financial Officer

Mark Desrochers - Senior Vice President, Head, P&C and Corporate Chief Actuary

Conference Call Participants

Matt Carletti - JMP

John Barnidge - Piper Sandler

Meyer Shields - KBW

Operator

Hello and welcome to the Horace Mann Educators Q2 2023 Investor Call. [Operator Instructions] Please note today’s event is being recorded. I’d now like to turn the conference over to Heather Wietzel, Vice President, Investor Relations. Please go ahead, ma’am.

Heather Wietzel

Thank you and good morning everyone. Welcome to Horace Mann’s discussion of our second quarter results. Yesterday, we issued our earnings release, investor supplement and investor presentation. Copies are available on the Investor page of our website. Marita Zuraitis, President and Chief Executive Officer; and Bret Conklin, Executive Vice President and Chief Financial Officer, will give today’s formal remarks. With us for Q&A, we have Matt Sharpe, Mark Desrochers, Mike Weckenbrock, Ryan Greenier and Steve McAnena.

Before turning it over to Marita, I want to note that our presentation today includes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The company cautions investors that any forward-looking statements include risks and uncertainties and are not guarantees of future performance. The forward-looking statements are based on management’s current expectations, and we assume no obligation to update them. Actual results may differ materially due to a variety of factors, which are described in our news release and SEC filings. In our prepared remarks, we use some non-GAAP measures. Reconciliations of these measures to the most comparable GAAP measures are available in our investor supplement.

I’ll now turn the call over to Marita.

Marita Zuraitis

Thanks, Heather and hello everyone. Last night, we reported second quarter core earnings of $0.03 per share, in line with our preannouncement. Despite the severe weather losses, Horace Mann continues to see the benefits of the earnings and revenue diversification efforts we’ve completed over the past 5 years. Both the supplemental and Group Benefits in the Life and Retirement segments provided solid core earnings contributions again this quarter.

Before we start, I want to welcome our new Chief Operating Officer, Steve McAnena, to the call. Steve joined us in May, bringing his more than 25 years of experience overseeing large personal lines, financial services and worksite businesses to Horace Mann. In his first months with us, he has already been an asset to the team as we look to build on our growing momentum in household acquisition and market share expansion.