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Horace Mann Educators (HMN) Company Profile

Updated Feb 14, 2020
Horace Mann Educators has the following business profile:
Company's Full Name:Horace Mann Educators Corporation
Short Name:Horace Mann Educators
Trading Ticker Symbol:HMN
Primary Exchange:NYSE
Headquarter City/Country:Illinois, IL
Primary Industry Sector:Finance
Seconday Sub-sector:Property-Casualty Insurers
Main Business Areas: Finance, Property-Casualty Insurers, Financial Services, Diversified Insurance
Dividend Payments:Dividend History

Market and Trading Information for Horace Mann Educators

The following details were available for trading and market data about the stock of Horace Mann Educators as of writing:
Current Share Price:$45.54
Previous Year's Closing Price:$43.66
Percentage Price Change (YTD):4.31%
Market Cap:$1.87 billion
52-week Price Range:$34.38 - $48.15
Dividend Per Share:$1.15
EPS (TTM):4.4
Price-Earnings (Trailing):10.35
Price-Earnings (Forward):15.7

Company Profile and Business Description for Horace Mann Educators

Horace Mann Educators Corporation (HMEC), incorporated on February 7, 1968, is an insurance holding company. Through its subsidiaries, HMEC markets and underwrites personal lines of property and casualty (primarily personal lines automobile and homeowners) insurance, retirement annuities (primarily tax-qualified products) and life insurance in the United States. The Company's operating segments include Property and Casualty segment, comprising primarily personal lines automobile and homeowners products; Retirement segment, comprising primarily tax-qualified fixed and variable annuities; Life segment life insurance, and Corporate and Other. It markets and services its products through a sales force of full-time agents supported by the Company's Customer Contact Center. These agents sell HMEC's products and limited additional third-party vendor products. As of December 31, 2016, its property and casualty subsidiaries and its life insurance subsidiary were licensed to write business in over 48 states and the District of Columbia.

Property and Casualty Segment

The Company's Property and Casualty Segment offers private passenger automobile insurance. As of December 31, 2016, the Company had approximately 220,000 homeowners policies in force. The Company insures primarily residential homes. The Company has programs in various states to provide higher-risk automobile and homeowners' coverages, as well as other insurance coverages, with third-party vendors underwriting and bearing the risk of such insurance and the Company receiving commissions on the sales. The Property and Casualty segment consists of property and casualty reserves, and property and casualty reinsurance.

Retirement Segment

The Company markets both fixed and variable annuity contracts, primarily on a tax-qualified basis. Fixed only annuities provide a guarantee of principal and a guaranteed minimum rate of return. These contracts are backed by the Company's general account investments. The Company bears the investment risk associated with the investments and may change the declared interest rate on these contracts subject to contract guarantees. The Company purchases call options on the applicable indices as an investment to provide the income needed to fund the annual index credits on the indexed products. The Company's sub-account options also include both lifecycle funds and asset allocation funds. These all-purpose funds have assets allocated among multiple investment classes within each fund based on a specific targeted retirement date or risk tolerance. As of December 31, 2016, the Company had 80 variable sub-account options including funds. Among the Company's annuity products, the Goal Planning Annuity offers educators a variable annuity with the Company's array of sub-account investment choices.

The Company includes an optional first year premium bonus and two optional riders that manage the death benefit feature of the product. Another product, Expanding Horizon, is a fixed interest rate annuity contract for investors who do not want investment risk exposure. This product offers educators a rate of interest on their retirement dollars and a choice of bonuses to optimize their benefits at retirement. The Destination Fixed Indexed Annuity product is designed to have credited interest rates over the long term than traditional fixed rate annuities, because the credited interest rate will be linked to changes in an index, either the S&P 500 or the Dow Jones Industrial Average. In addition to individual annuities, the Company offers group variable and fixed annuity products that allow flexibility in customizing 403(b) annuity programs to meet the needs of school districts.

Life Segment

The Company's Life Segment offers traditional term and whole life insurance products. It offers Life by Design, a portfolio of Company-manufactured and branded life insurance products, which addresses the financial planning needs of educators. The Company also offers a combination product called Life Select that mixes a base of either traditional whole life, 20-pay life or life paid-up at age 65 with a range of term riders to allow for tailoring the coverage to the customers' varying life insurance needs. The Company offers Cash Value Term-a term policy that builds cash value while providing the income protection of traditional level term life insurance. As of December 31, 2016, the Company's traditional term, whole life and group life business in force consisted of approximately 144,000 policies. As of December 31, 2016, the Company also had in force approximately 54,000 Experience Life policies. The Company also maintains a life catastrophe reinsurance program. The Company's life catastrophe risk reinsurance program covers acts of terrorism and includes nuclear, biological and chemical explosions but excludes other acts of war.

The Company competes with State Farm, Allstate, Farmers, Liberty Mutual, Nationwide, GEICO, Progressive, USAA, American International Group, AXA, Voya Financial, Inc., National Life Insurance Company, MetLife, Security Benefit, and Teachers Insurance and Annuity Association-College Retirement Equities Fund.

1 HORACE MANN PLZ

Peer / Competitor Companies of Property-Casualty Insurers Sector

Along with Horace Mann Educators Corporation, the following other peer (competitor) companies also exist within the same Property-Casualty Insurers - Finance sector whose company profile and dividend history is as follows:

▶ 1347 Property Insurance (PIH): 1347 Property Insurance Holdings, Inc., incorporated on October 2, 2012, is a holding company. The Company, through its subsidiaries, is engaged providing property and casualty insurance. The Company offers homeowners ....See Detailed Company Profile,  Dividend History

▶ Alleghany (Y): Alleghany Corporation, incorporated on November 16, 1984, is an insurance holding company. The Company, through its subsidiary Alleghany Insurance Holdings LLC (AIHL) and its subsidiaries, is engaged in the property ....See Detailed Company Profile,  Dividend History

▶ Allstate (ALL): The Allstate Corporation (Allstate), incorporated on November 5, 1992, is a holding company for Allstate Insurance Company. The Companys business is conducted principally through Allstate Insurance Company, Allstate Life Insurance ....See Detailed Company Profile,  Dividend History

▶ Ambac Financial (AMBC): Ambac Financial Group, Inc. (Ambac), incorporated on April 29, 1991, is a financial services holding company. The Company operates through two segments: Financial Guarantee and Financial Services. The Financial Guarantee ....See Detailed Company Profile,  Dividend History

▶ Ambac Financial (AMBCW): Ambac Financial Group, Inc., a financial services holding company, provides financial guarantees to public and private sector clients in the United States, the United Kingdom, Italy, Austria, Australia, France, and Internationally. It offers financial guarantee insurance policies; and credit derivative contracts and Interest rate derivative transactions. The company was incorporated in 1991 and is head....See Detailed Company Profile,  Dividend History

▶ American Financial (AFG): American Financial Group, Inc. (AFG), incorporated on July 1, 1997, is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses ....See Detailed Company Profile,  Dividend History

▶ American Financial (AFGE): American Financial Group, Inc. (AFG), incorporated on July 1, 1997, is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses ....See Detailed Company Profile,  Dividend History

▶ American Financial (AFGH): American Financial Group, Inc. (AFG), incorporated on July 1, 1997, is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses ....See Detailed Company Profile,  Dividend History

▶ American International (AIG): American International Group, Inc. (AIG), incorporated on June 9, 1967, is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other ....See Detailed Company Profile,  Dividend History

▶ AMERISAFE (AMSF): Amerisafe, Inc., incorporated on October 28, 1985, is an insurance holding company. The Company is engaged in providing workers compensation insurance focused on small to mid-sized employers engaged in hazardous ....See Detailed Company Profile,  Dividend History

▶ Arch Capital (ACGL): Arch Capital Group Ltd. (ACGL), incorporated on September 22, 2000, provides insurance, reinsurance and mortgage insurance through its wholly owned subsidiaries. The Company provides a range of property, casualty and ....See Detailed Company Profile,  Dividend History

▶ Arch Capital (ACGLP): Arch Capital Group Ltd. (ACGL), incorporated on September 22, 2000, provides insurance, reinsurance and mortgage insurance through its wholly owned subsidiaries. The Company provides a range of property, casualty and ....See Detailed Company Profile,  Dividend History

▶ Assured Guaranty (AGO): Assured Guaranty Ltd., incorporated on August 21, 2003, is a holding company. The Company, through its subsidiaries, provides credit protection products to the United States and international public finance, including ....See Detailed Company Profile,  Dividend History

▶ Atlas Financial (AFH): Atlas Financial Holdings, Inc., incorporated on December 31, 2010, is a financial services holding company. The Company, through its subsidiaries, is engaged in the underwriting of commercial automobile insurance policies, ....See Detailed Company Profile,  Dividend History

▶ Axis Capital (AXS): AXIS Capital Holdings Limited, incorporated on December 9, 2002, is a holding company for the AXIS group of companies. The Company provides a range of specialty (re)insurance, through subsidiaries and ....See Detailed Company Profile,  Dividend History

▶ Blue Capital Reinsurance (BCRH): Blue Capital Reinsurance Holdings Ltd., incorporated on June 24, 2013, provides collateralized reinsurance in the property catastrophe market and invests in various insurance-linked securities. The Company conducts its operations through ....See Detailed Company Profile,  Dividend History

▶ Chubb (CB): Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty,....See Detailed Company Profile,  Dividend History

▶ Cincinnati Financial (CINF): Cincinnati Financial Corporation, incorporated on March 4, 1992, is an insurance holding company. As of December 31, 2016, the Company was engaged in the business of property casualty insurance marketed ....See Detailed Company Profile,  Dividend History

▶ CNA Financial (CNA): CNA Financial Corporation, incorporated on September 8, 1967, is an insurance holding company. The Companys segments include Specialty, Commercial, International, Life & Group Non-Core, and Corporate & Other Non-Core. The ....See Detailed Company Profile,  Dividend History

▶ Conifer (CNFR): Conifer Holdings, Inc., incorporated on October 27, 2009, is an insurance holding company. Through its insurance company subsidiaries, the Company offers insurance coverage in both specialty commercial and specialty personal ....See Detailed Company Profile,  Dividend History

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