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Horace Mann Contact information : News release for immediate release Heather J. Wietzel , Vice President , Investor Relations 217-788-5144 | investorrelations@horacemann.com Horace Mann reports second - quarter 2021 net income of $ 1.11 per share and record core earnings * of $ 1.02 per share о о ° о Net income and core earnings per share both rose more than 50 % , in line with earlier announcement Unwavering commitment to education market and multi - year emphasis on products , distribution and infrastructure setting stage for success in post - vaccine environment Sales momentum building in anticipation of back to school , net annuity contract deposits * lead progress with 16 % increase Net investment income rose $ 29 million or 36 % on strong returns from alternatives portfolio , contributing to 10 % increase in total revenues Book value per share up 10 % and book value excluding net unrealized gains * up 9 % from a year ago Reaffirming updated 2021 core EPS guidance of $ 3.50 to $ 3.70 , with ROE above 10 % Planned 2022 acquisition of Madison National will add new suite of employer - sponsored benefit products and new independent benefit broker distribution to K - 12 school districts Expecting 2022 EPS accretion from transaction to be in mid - single digits with approximately 50 basis point contribution to ROE Growing market share supports progress toward long - term objective of sustainable double - digit ROE SPRINGFIELD , III . , Aug. 2 , 2021 - Horace Mann Educators Corporation ( NYSE : HMN ) today reported financial results for the three months ended June 30 , 2021 : ( $ in millions , except per share amounts ) 2021 Three Months Ended June 30 , 2020 % Change 2021 Six Months Ended June 30 , 2020 Total revenues $ 347.1 $ 314.9 10.2 % $ 669.1 $ 622.2 % Change 7.5 % Net income 46.7 30.5 53.1 % 86.0 49.0 75.5 % Net investment gains ( losses ) after tax 3.9 2.5 N.M. ( 3.2 ) ( 12.0 ) N.M. Core earnings * 42.8 28.0 52.9 % 89.2 61.0 46.2 % Per diluted share : Net income 1.11 0.73 52.1 % 2.04 1.17 74.4 % Net investment gains ( losses ) after tax 0.09 0.06 N.M. ( 0.08 ) ( 0.28 ) N.M. Core earnings per diluted share * 1.02 0.67 52.2 % 2.12 1.45 46.2 % Book value per share 43.78 39.69 10.3 % Book value per share excluding net unrealized investment gains on fixed maturity securities * 35.78 32.93 8.7 % N.M. - Not meaningful . * 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 217-789-2500 www.horacemann.com Springfield , Illinois 62715-0001