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Horace Mann Earnings Fall
Horace Mann Educators(HMN Quote), an insurance holding company, said its second-quarter earnings fell 18.2% from the year-ago period.
The Springfield, Ill.-based company earned $27.5 million, or 61 cents a share, in the quarter, compared with $33.6 million, or 72 cents a share, a year ago. Second-quarter earnings includes after tax net realized gains on securities of $1.1 million, or 2 cents a share. Analysts surveyed by Thomson First Call were expecting earnings of 45 cents a share in the most recent quarter.
Second-quarter revenue fell 2.5% from a year ago to $215.4 million. ...
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