Horace Mann Sets 2026 Core EPS Outlook at $5.75–$5.95

The Tip Desk · November 4, 2026 · 2 min read

The insurer set full-year 2026 core EPS guidance at $5.75–$5.95 after record third-quarter core earnings of $85.1 million, or $2.06 a share.

Horace Mann Educators Corporation (HMN), the multiline financial services company focused on educators, reported record core earnings of $85.1 million for the three months ended September 30, 2026, up 50.4% from $56.6 million a year earlier. Core earnings per diluted share rose 51.5% to $2.06 from $1.36.

GAAP net income was $58.5 million, or $1.41 a share, versus $58.3 million, or $1.40 a share. Total revenues were $439.2 million.

The company said net investment income increased 17% over the prior year and that premiums, contract charges and fee revenue increased 3%.

President and Chief Executive Officer Marita Zuraitis said the quarter reflected “excellent underwriting performance in our Property & Casualty business, higher net investment income, and continued growth across our diversified business.”

The Property & Casualty segment combined ratio was 83.6%, improving nearly 4 points from the year-ago period.

After-tax net investment gains (losses) were a $20.6 million loss, compared with a $2.7 million gain a year earlier. Non-core earnings after tax were a $6.0 million loss, versus a $1.0 million loss.

Adjusted book value per share was $42.49, up 7.5% from $39.51. Tangible book value per share was $37.85, up 9.4% from $34.59. GAAP book value per share was $35.11. Core return on equity on a trailing-twelve-month basis was 14.2%, up 0.4 points from 13.8%.

Based on performance through the first nine months of 2026, the company set full-year 2026 core EPS guidance at a range of $5.75 to $5.95.

The company said it continued to execute its strategy to deliver sustained, profitable growth and remained well positioned to achieve its long-term financial objectives.

Senior management was scheduled to discuss the results with investors on November 4, 2026.