HMN Intrinsic Value Calculator – HORACE MANN EDUCATORS Releases FY2022 Q4 Earnings Results as of December 31, 2022 on February 7, 2023
February 22, 2023
Earnings Overview
On February 7, 2023, HORACE MANN EDUCATORS ($NYSE:HMN) reported the financial results for their fourth quarter of FY2022, ending December 31, 2022. Total revenue was -$18.5 million, a drop of 145.7% compared to the same period in the previous year. In contrast, net income increased by 4.6%, to $346.8 million, compared to the same quarter of the prior year.
Transcripts Simplified
Horace Mann Educators reported their P&C segment’s fourth quarter and full year losses due to the impacts of inflation. Total written premiums rose 4.7% this quarter compared with last quarter’s 1.6% increase due to rate actions implemented to date. Cat losses contributed 13 points to this year’s combined ratio versus 12.7 points in 2021. For 2023, reinsurance costs will be up by $2 million with property rate plans adding 12%-15% over the next four quarters on top of inflation guard increases.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for HMN. More…
| Total Revenues | Net Income | Net Margin |
| 1.38k | -2.6 | 0.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for HMN. More…
| Operations | Investing | Financing |
| 142.6 | -302 | 208.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for HMN. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 13.31k | 12.24k | 26.32 |
Key Ratios Snapshot
Some of the financial key ratios for HMN are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -1.1% | – | 0.5% |
| FCF Margin | ROE | ROA |
| 10.3% | 0.4% | 0.0% |
Stock Price
HORACE MANN EDUCATORS released their fourth quarter earnings results for the fiscal year 2022 on Tuesday, February 7, 2023. The stock opened at $35.6 and closed at $36.2, up 0.7% from the previous day’s closing price of 36.0. This slight increase in stock price reflects a positive sentiment within the market and is seen as an indication of investor confidence in the company. Overall, HORACE MANN EDUCATORS provided strong earnings results, which is expected to further increase investor confidence going forward. Live Quote…
Analysis – HMN Intrinsic Value Calculator
At GoodWhale, we conducted an analysis of HORACE MANN EDUCATORS’s wellbeing and determined that their fair value of their share price is approximately $39.8, calculated by our proprietary Valuation Line. Currently, the stock is trading at $36.2, making it a fair price that is being undervalued by 9.1%. We believe that now is a great time to invest in HORACE MANN EDUCATORS given the potential upside and lower than average market price. Investing in a company that has already been evaluated by our Valuation Line can come with many benefits to investors such as reduced risk and potentially higher returns. More…
Peers
The Company’s competitors in the property and casualty insurance industry are Kemper Corporation, Safety Insurance Group, Inc. and Definity Financial Corporation.
– Kemper Corp ($NYSE:KMPR)
Kemper Corporation (KMPR) is a diversified insurance holding company with subsidiaries that write and provide property and casualty, life and health, and specialty insurance products in the United States. The company was founded in 1926 and is headquartered in Chicago, Illinois.
As of 2022, Kemper Corporation had a market capitalization of $3.58 billion and a return on equity of -9.68%. The company’s property and casualty insurance subsidiaries wrote $4.4 billion in premiums in 2020, while its life and health insurance subsidiaries wrote $1.6 billion in premiums. Kemper’s specialty insurance subsidiaries wrote $2.2 billion in premiums in 2020.
– Safety Insurance Group Inc ($NASDAQ:SAFT)
Safe Auto Group is a leading provider of insurance products for both individuals and businesses in the United States. The company offers a wide range of products, including auto insurance, homeowners insurance, and business insurance. Safe Auto Group is a publicly traded company, and its shares are listed on the Nasdaq Stock Market.
– Definity Financial Corp ($TSX:DFY)
Definity Financial Corp is a financial services company that offers a range of products and services to its clients. The company has a market cap of 4.71B as of 2022 and a return on equity of 5.49%. Definity Financial Corp offers a variety of products and services including investment banking, asset management, and wealth management. The company has a strong focus on providing its clients with the best possible financial outcomes. Definity Financial Corp is a well-established financial services company with a long history of providing quality products and services to its clients.
Summary
HORACE MANN EDUCATORS recently reported their earnings for the fourth quarter of fiscal year 2022, which ended on December 31, 2022. The company saw a decrease in revenue of 145.7%, to USD -18.5 million, compared to the same period the previous year. On the other hand, their net income increased by 4.6%, amounting to USD 346.8 million.
For investors, this news indicates that HORACE MANN EDUCATORS is continuing to weather the storm and generate positive returns, even during a period of economic uncertainty. Going forward, further analysis is needed to determine whether this performance is sustainable.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
