Summary by Moomoo AI
Horace Mann Educators Corporation (HMEC) reported a robust financial performance for the first quarter of 2024, with total revenues increasing by 9.1% to $386.0 million compared to the same period in 2023. The company's net income saw a significant rise of 301.5%, reaching $26.5 million, while diluted earnings per share jumped from $0.16 to $0.64. Net investment gains after tax also improved, showing a positive change from a loss of $3.1 million in 2023 to a gain of $1.7 million in 2024. Book value per share grew by 6.1% to $29.57. The company's net income return on equity for the last twelve months stood at 5.7%, a notable increase from the previous year's 0.5%. The Property & Casualty segment experienced a 15.4% increase in net premiums written, and the Life & Retirement segment's net income...Show More