Horace Mann Educators Corporation (NYSE:HMN) Q3 2022 Earnings Conference Call November 4, 2022 11:00 AM 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 – Property & Casualty

Matt Sharpe – Supplemental & Group Benefits

Ryan Greenier – Investments

Conference Call Participants

Gary Ransom – Dowling & Partners

John Barnidge – Piper Sandler

Matt Carletti – JMP

Meyer Shields – KBW

Operator

Good day, and welcome to the Horace Mann Educators’ Third Quarter 2022 Investor Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. Please note, this event is being recorded.

I’d 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 third 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 on Supplemental & Group Benefits, Mark Desrochers on Property & Casualty, Mike Weckenbrock on Life and Retirement; and Ryan Greenier on Investments.

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 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 news release.

I’ll now turn the call over to Marita.

Marita Zuraitis

Thanks, Heather, and good morning, everyone. Last night we reported third quarter core earnings of $24 million or $0.57 per share, up 14% over last year. In this challenging environment, those results clearly show how we are benefiting from the revenue and earnings diversification of our multiline business model. Providing employer-sponsored coverages, personal lines insurance and savings products enables us to build strong and lasting relationships with our educator customers. It also makes our company more resilient.