Horace Mann Educators (NYSE:HMN) Q1 2023 Earnings Conference Call May 3, 2023 ET
Company Participants
Marita Zuraitis - President, Chief Executive Officer
Bret Conklin - Executive Vice President, Chief Financial Officer
Mark Desrochers - Senior Vice President, Property & Casualty
Matt Sharpe - Executive Vice President, Supplemental & Group Benefits
Heather Wietzel - Vice President, Investor Relations
Michael Weckenbrock - Senior Vice President, Retirement & Life
Conference Call Participants
Matt Carletti - JMP Securities
John Barnidge - Piper Sandler Companies
Derek Han - Keefe, Bruyette & Woods
Operator
Good day, and welcome to the Horace Mann First Quarter 2023 Investor Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Heather Wietzel, Vice President of Investor Relations. Please go ahead.
Heather Wietzel
Thank you, and good morning, everyone. Welcome to Horace Mann's discussion of our first 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 the formal remarks on today's call. With us for Q&A, we have Matt Sharpe, Mark Desrochers, Mike Weckenbrock and Ryan Greenier.
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. These 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 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 first quarter core earnings of $0.23 per share in line with our preannouncement. As we noted then, outsized catastrophe losses affected our quarter's bottom line, consistent with the experience of others in the industry.
The first quarter results also confirm that we remain on pace toward our business objectives for the year. In particular, we are very pleased with our top line sales momentum across all segments as well as what that growth momentum means for our progress towards increasing educator household acquisition and gaining a larger share of the education market.