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Horace Mann Contact information : Heather J. Wietzel , Vice President , Investor Relations 217-788-5144 | investorrelations@horacemann.com News release for immediate release HORACE MANN REPORTS RECORD FIRST - QUARTER 2021 NET INCOME OF $ 0.93 PER SHARE AND RECORD CORE EARNINGS * OF $ 1.10 PER SHARE • • Net income per share rose 111.4 % to $ 0.93 , with core earnings up 41.0 % to $ 1.10 о о ° о о Unwavering commitment to education market and multi - year emphasis on products , distribution and infrastructure setting stage for success in post - vaccine environment Property and Casualty , Supplemental segment results continued to reflect pandemic - related changes in policyholder behavior ; catastrophe losses added 7.0 points to 86.2 % Property and Casualty combined ratio Net investment income rose 16 % on strong returns from alternatives portfolio , contributing to 4.8 % increase in total revenues Book value per share up 14.1 % and book value excluding net unrealized gains up 7.6 % from a year ago Reaffirming 2021 core EPS guidance of $ 3.00 to $ 3.20 , with ROE in the range of 9 % to 9.5 % ° Guidance maintains progress toward long - term objective of sustainable double - digit ROE Expect Auto and Supplemental loss ratios to gradually move closer to historical levels over the course of 2021 as pandemic - impacted policyholder behaviors evolve Growing contribution of alternatives portfolio boosting net investment income , particularly for Retirement and Life segments No change to expectation of 9 to 9.5 points of catastrophe losses on full - year Property and Casualty combined ratio ; second quarter historically has represented half of full - year catastrophes losses _ SPRINGFIELD , Ill . , May 4 , 2021 - Horace Mann Educators Corporation ( NYSE : HMN ) today reported financial results for the three months ended March 31 , 2021 : Horace Mann Consolidated Financial Highlights Three Months Ended March 31 , ( $ in millions , except per share amounts ) 2021 Total revenues $ 322.0 $ 307.3 2020 % Change 4.8 % Net income 39.3 18.5 112.4 % Net investment losses after tax ( 7.1 ) ( 14.5 ) N.M. 46.4 33.0 40.6 % Core earnings * Per diluted share : Net income Net investment losses after tax Core earnings per diluted share * Book value per share Book value per share excluding net unrealized investment gains on fixed maturity securities * N.M. Not meaningful . 0.93 0.44 111.4 % ( 0.17 ) ( 0.34 ) N.M. 1.10 0.78 41.0 % 40.83 35.80 14.1 % 34.95 32.49 7.6 % * These measures are not based on accounting principles generally accepted in the United States of America ( non - GAAP ) . They are reconciled to the most directly comparable GAAP measures in the Appendix to the Investor Supplement . An explanation of these measures is contained in the Glossary of Selected Terms included as an exhibit in the Company's reports filed with the Securities and Exchange Commission . The Horace Mann Companies 1 Horace Mann Plaza Springfield , Illinois 62715-0001 217-789-2500 www.horacemann.com