The strong beat and maintained guidance support the stock's momentum. However, with ~57% analyst bullishness already priced in, the market may discount a modest upside. Watch for commentary on catastrophe loss trends and capital return updates on the May 7 call.
Price Chart
Executive Summary
Horace Mann reported Q1 2026 core EPS of $1.28, a 16.4% beat vs the $1.10 consensus, driven by record PC underwriting with a combined ratio of 83.3% (improved 5+ points YoY). Revenue grew 3.1% to $429.3M, and full-year core EPS guidance was maintained at $4.20-$4.50, reflecting confidence in sustained profitability.
Key Financial Metrics
Key Facts
- Core earnings per share of $1.28 vs consensus $1.10 (16.4% beat)
- Net income $41.2M ($1.00 GAAP EPS), up 7.9% YoY
- Total revenue $429.3M, up 3.1% YoY (premiums, contract charges and fees rose 6%)
- Property Casualty combined ratio of 83.3%, improved more than 5 points YoY
- Full-year 2026 core EPS guidance maintained at $4.20-$4.50
- Returned $33M to shareholders in Q1 including $18M in share repurchases
Financial Impact
Core EPS beat by ~$0.18 (16.4%) vs consensus, revenue slightly below Q4 2025 level but growing YoY
Risk Factors
- Catastrophe losses could pressure underwriting margins in future quarters
- Moderate top-line growth (3.1%) may limit upside if expense ratios don't improve further
- Interest rate sensitivity on investment portfolio
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000850141-26-000018 |
| Document: q12026ex991-glossaryofterms.htm | 0000850141-26-000018 |
| Document: hmn-20260506.htm | 0000850141-26-000018 |
| Document: 0000850141-26-000018-index-headers.html | 0000850141-26-000018 |
| Document: 0000850141-26-000018-index.html | 0000850141-26-000018 |
| Document: 0000850141-26-000018.txt | 0000850141-26-000018 |
| 8-K Data (Synthetic) | 0000850141-26-000018 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 18d ago | 144 | $45.56 | awaiting T+20 | — | $46.02 (+1.01%) |
Oct 6, 2026 20d ago | 144 | $45.51 | awaiting T+20 | — | $46.02 (+1.12%) |
Sep 8, 2026 7w ago | Insider Cluster | $50.03 $45.51 | ▲ +9.04% | ▲ +11.01% | $46.02 (+8.02%) |
Aug 14, 2026 10w ago | Insider Cluster | $52.47 $49.78 | ▼ −5.13% | ▼ −3.14% | $46.02 (−12.29%) |
May 6, 2026 24w ago | 8-K | $45.15 $45.30 | ▲ +0.33% | ▼ −2.80% | $46.02 (+1.93%) |
Mar 26, 2026 30w ago | Insider Cluster | $42.87 $45.54 | ▲ +6.23% | ▼ −4.44% | $46.02 (+7.35%) |
US Market Status
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