Delaware | 1-10890 | 37‑0911756 |
(State of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
[ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
[ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act: | ||||
Title of each class | Trading Symbol | Name of each exchange on which registered | ||
Common Stock, $0.001 par value | HMN | New York Stock Exchange |
Item 2.03: | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant |
Item 8.01: | Other Events |
Item 9.01: | Financial Statements and Exhibits |
(a) | Financial Statements of Business Acquired |
The financial statements required to be filed under this Item 9.01(a) shall be filed by an amendment to this Form 8-K not later than 72 days after the date this Current Report on Form 8-K is required to be filed. |
(b) | Pro Forma Financial Information |
The pro forma financial information required to be filed under this Item 9.01(b) shall be filed by an amendment to this Form 8-K not later than 72 days after the date this Current Report on Form 8-K is required to be filed. |
(d) | Exhibits |
HORACE MANN EDUCATORS CORPORATION | |||
By: | /s/ Kimberly A. Johnson | ||
Name: | Kimberly A. Johnson | ||
Title: | Vice President & Controller | ||
(Principal Accounting Officer) |
• | Pretax core earnings (loss) - Pretax net income (loss) excluding pretax impact of net investment gains (losses), discontinued operations, and cumulative effect of changes in accounting principles when applicable. Income before income taxes is the most comparable GAAP measure. |
• | Segment core earnings - Determined in the same manner as core earnings on a consolidated basis. Management uses segment core earnings to analyze each segment's performance and as a tool in making business decisions. Financial statement users also consider core earnings when analyzing the results and trends of insurance companies. |
• | Core return on equity - LTM: The ratio of (1) trailing 12 month core earnings to (2) 5 quarter average shareholders’ equity excluding net unrealized investment gains and losses on securities and the effect of a change in tax laws and tax rates at enactment date. Net income return on equity - LTM is the most comparable GAAP measure. |
• | Net income return on equity - Annualized: The ratio of (1) annualized net income to (2) the 2 quarter average shareholders' equity (but the year-end measures are still based on a 5 quarter average). |
• | Core return on equity - Annualized: The ratio of (1) annualized core earnings to (2) the 2 quarter average shareholders’ equity excluding net unrealized investment gains and losses on securities and the effect of a change in tax laws and tax rates at enactment date (but the year-end measures are still based on a 5 quarter average). Net income return on equity - Annualized is the most comparable GAAP measure. |
• | Loss ratio - The ratio of (1) the sum of net incurred losses and loss adjustment expenses to (2) net earned premiums. |
• | Underlying loss ratio - The sum of the Loss Ratio adjusted to remove the effect of catastrophe costs and prior years' reserve development. The Loss Ratio is the most directly comparable GAAP measure. Management believes this ratio provides a valuable measure of the Company's underlying underwriting performance that may be obscured by the effects of catastrophe costs and prior years' reserve development, the amounts of which may be significant and may vary significantly between periods. |
• | Expense ratio - The ratio of (1) the sum of operating expenses and the amortization of policy acquisition costs to (2) net earned premiums. |
• | Combined ratio - The sum of the Loss Ratio and the Expense Ratio. A Combined Ratio less than 100% generally indicates profitable underwriting prior to the consideration of net investment income. |
• | Underlying combined ratio or combined ratio excluding catastrophe costs and prior years’ reserve development - The sum of the Loss Ratio and the Expense Ratio adjusted to remove the effect of catastrophe costs and prior years’ reserve development. The Combined Ratio is the most directly comparable GAAP measure. Management believes this ratio provides a valuable measure of the Company’s underlying underwriting performance that may be obscured by the effects of catastrophe costs and prior years’ reserve development, the amounts of which may be significant and may vary significantly between periods. |
News Release | ||
Investor Contact: Heather J. Wietzel Vice President, Investor Relations Horace Mann 217-788-5144 investorrelations@horacemann.com | Media Contact: Michelle Eccles Public Relations Manager Horace Mann 217-788-5394 michelle.eccles@horacemann.com |
$ R2-@;C@#U)/8 Q)XI(E;V/YI?!OBW4O 7
MBW1?$NC3_9M6TB\BOK28C(66-PZDCN,@9'<<5_15\&OBEI7QL^%OAKQQHIQ8
M:U9K<"+=N,$G*RPL>[1R*Z'W4U^%/[8_P!D_9O\ C[XA\*1QLNARM_:.BR,2
M=]C*6,8R222C*\18\DQ$]"*^P_\ @D#^T,UOJ&N_![6+K]UX!!=P:OZ7''I6E[I=K*%%
MU,F_ASTC3A^?O#D89?,?(^6N7N)Y+J>2:9VEED8N[L
:?!)<,&E:.*=XU+D
M L0HS@ 9["OZ(?A)_P DI\&?]@6R_P#1"4SP[:_:-0,IC,D5LAG?Y58#! 7(
M;@KO9 1Z$UIZA>+:Z;=(8]SSH(D;^X=RL3^(4C_@54?#V5^TN&9
(/!^O7WAW6(?E
M%U8S%"R[E8HXZ.A*KE&!4X&0:^MO#_\ P5V^.&BZ5;VEY8^$=>N(UPU_J&FS
M)-*?5A!/&F?]U *YNK5YI=WIT<3W-N\*R[MNX8Y!P0?0CC@\X(/0C/4VL5II
M\<=SY4.GQIG-T SR,RE6_=[F/S@[?N[?O#) )-
UAB*R;TD?,CX[*<_(1_P&C4-3]-_B1_P4P^ ?P[-U#%XIF\67
M]NX1K3PW:-<;\]TF;9 P'J)#7S3\0/\ @LZ^+R#P1\-E!QBVU#Q!J&>?5[:)
M?T$WXUE?#S_@C+KUUY4WCGXAZ?IH60%[/P_9O=&2/N!-+Y>QO^V; >]?2O@'
M_@E?\!?!L8.HZ1JWC&Y6195FUS4G 4C'RA+?RD9"TM+1ES]Q&D#9&.1(S#]*Q:*5D!X-\2OV%
MO@;\6=9EU?7_ (?V*ZK,6>6[TR::P:5F;