Horace Mann Educators Corporation (NYSE:HMN) Q3 2024 Earnings Conference Call November 5, 2024 1:00 PM ET

Company Participants

Brendan Dawal - Vice President, Investor Relations
Marita Zuraitis - President and CEO
Ryan Greenier - Executive Vice President and CFO
Bret Conklin - Chief Financial Officer
Steve Mcanena - Chief Operating Officer
Mark Desrochers - Senior Vice President, Property & Casualty and CCA

Conference Call Participants

Dean Criscitiello - KBW
John Barnidge - Piper Sandler
Wilma Burdis - Raymond James

Operator

Good day. And welcome to the Horace Mann Educators Third Quarter 2024 Investor Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions]

Please note this event is being recorded. I would now like to hand the call to Brendan Dawal, Vice President of Investor Relations. Please go ahead.

Brendan Dawal

Thank you. Welcome to Horace Mann’s discussion of our third quarter results. Yesterday, we issued our earnings release, 10-Q, investor supplement and investor presentation. Copies are available on the Investors page on our website.

Marita Zuraitis, President and Chief Executive Officer; and Ryan Greenier, Executive Vice President and Chief Financial Officer, will give the formal remarks on today’s call. With us for Q&A, we have Bret Conklin; Steve Mcanena; and Mark Desrochers.

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 investor supplement.

I’ll now turn the call over to Marita.

Marita Zuraitis

Thanks, Brendan, and hello, everyone. Yesterday, we reported third quarter core earnings of $0.76 per diluted share, a 73% increase over prior year and in line with the guidance we set at midyear. Revenues were up 9% and we saw double-digit sales increases in Auto, Life and Individual Supplemental Lines.

We are maintaining guidance and continue to expect core EPS in the range of $2.40 to $2.70 for the full year and remain on a solid track to meet our strategic goals of a larger share of the education market and a sustainable double-digit shareholder return on equity in 2025.