# EDGAR Filing Document

**Accession Number:** 0000850141
**File Stem:** 0001628280-23-001486
**Filing Date:** 2023-1
**Character Count:** 11469
**Document Hash:** 18f5e4bf6df02903a6bcc9285dc796b2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-23-001486.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0001628280-23-001486

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230124

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230124

**DATE AS OF CHANGE**: 20230124

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HORACE MANN EDUCATORS CORP /DE/
- **CENTRAL INDEX KEY:** 0000850141
- **STANDARD INDUSTRIAL CLASSIFICATION:** FIRE, MARINE & CASUALTY INSURANCE [6331]
- **IRS NUMBER:** 370911756
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-10890
- **FILM NUMBER:** 23549001

**BUSINESS ADDRESS:**
- **STREET 1:** 1 HORACE MANN PLZ
- **CITY:** SPRINGFIELD
- **STATE:** IL
- **ZIP:** 62715-0001
- **BUSINESS PHONE:** 2177892500

**MAIL ADDRESS:**
- **STREET 1:** 1 HORACE MANN PLZ
- **CITY:** SPRINGFIELD
- **STATE:** IL
- **ZIP:** 62715-0001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HORACE MANN EDUCATORS CORP
- **DATE OF NAME CHANGE:** 19920108

?xml version="1.0" ? hmn-20230124

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K** 

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934**

**Date of Report: January 24, 2023** 

**HORACE MANN EDUCATORS CORPORATION** 

**(Exact name of registrant as specified in its charter)**

Delaware 1-10890 37-0911756 <br> (State of incorporation) (Commission File Number) (I.R.S. Employer Identification No.)

**1 Horace Mann Plaza, Springfield, Illinois 62715-0001** 

**(Address of principal executive offices, including zip code)**

**Registrant's telephone number, including area code: 217-789-2500** 

**Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:**

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ 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))

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| | | |
|:---|:---|:---|
| Securities registered pursuant to Section 12(b) of the Act: | Securities registered pursuant to Section 12(b) of the Act: | Securities registered pursuant to Section 12(b) of the Act: |
| Title of each class | Trading Symbol | Name of each exchange<br>on which registered |
| Common Stock, $0.001 par value | HMN | New York Stock Exchange |

---

**Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ☐** 

**If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐**

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**Forward-looking Information**

Statements included in the accompanying news release that state Horace Mann Educators Corporation's (Company) or its management's intentions, hopes, beliefs, expectations or predictions of future events or the Company's future financial performance are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995 and are subject to known and unknown risks, uncertainties and other factors. The Company is not under any obligation to (and expressly disclaims any such obligation to) update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. It is important to note that the Company's actual results could differ materially from those projected in such forward-looking statements. Please refer to the Company's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q and the Company's past and future filings and reports filed with the Securities and Exchange Commission for information concerning the important factors that could cause actual results to differ materially from those in forward-looking statements.

**Item 2.02: Results of Operations and Financial Condition**

On January 24, 2023, the Company issued a news release announcing preliminary fourth quarter 2022 Property & Casualty segment results. A copy of the news release is attached as Exhibit 99.1 and is incorporated by reference herein.

**Item 9.01: Financial Statements and Exhibits** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Exhibits.

<u>[Exhibit 99.1](ex991january242023pressrel.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;<u>[Horace Mann Educators Corporation news release dated January 24, 2023.](ex991january242023pressrel.htm)</u>

Exhibit 104&nbsp;&nbsp;&nbsp;&nbsp;Cover Page Interactive Data File (formatted as Inline XBRL)

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| HORACE MANN EDUCATORS CORPORATION | HORACE MANN EDUCATORS CORPORATION | HORACE MANN EDUCATORS CORPORATION |
| By: | /s/ Kimberly A. Johnson | /s/ Kimberly A. Johnson |
|  | Name: | Kimberly A. Johnson |
|  | Title: | Senior Vice President & Controller |
|  |  | (Principal Accounting Officer) |

---

Date: January 24, 2023

## Exhibit 99.1

**Exhibit 99.1**

---

| | |
|:---|:---|
| ![hmlogo24cmyknotag96.jpg](hmlogo24cmyknotag96.jpg) | **News release for immediate release** |

---

**<br>Contact information:**<br>Heather J. Wietzel, Vice President, Investor Relations<br>217-788-5144 \| investorrelations@horacemann.com

**Horace Mann announces preliminary fourth-quarter 2022 Property & Casualty segment results**<br> *Significant impact from late-in-quarter severe weather and recognition of continued elevated industry-wide loss costs offsetting benefits of education market focus, sales momentum and business diversification* 

<br>**SPRINGFIELD, Ill., Jan. 24, 2023** — Horace Mann Educators Corporation (NYSE:HMN) today announced it expects a fourth-quarter Property & Casualty segment loss between $25 million and $29 million, after tax, including losses related to the severe weather across most of the country in late December.

"Winter Storm Elliott, which spanned more than 30 states between December 21-25, resulted in approximately $8 million, pretax, in property losses," said President and CEO Marita Zuraitis. "In addition, the widespread ice and extremely low temperatures in the later part of the quarter were a factor in auto losses.

"Industry-wide, property and casualty loss trends are emerging that are higher than our previous assumptions," Zuraitis added. "Social and economic inflation continues to impact new claims, including the claims related to winter weather, as well as those from earlier periods that remain open. As a result, we will also be adding approximately $14 million, pretax, to Property & Casualty prior-year reserves and approximately $5 million to reserves for the first three quarters of 2022. In addition, we are accelerating our already aggressive plan for rate increases in both auto and property, along with implementing additional non-rate underwriting actions, so we can remain on track to our longer-term profitability targets for this business.

"The external events that impacted results in 2022 do not detract from our unwavering commitment to educators and to the achievement of our long-term financial objectives," noted Zuraitis. "Horace Mann continues to leverage its leadership position in the education market. Fourth-quarter results will reflect the ongoing value of our business diversification, along with top-line sales momentum that supports our ability to resume our trajectory to a double-digit return on equity."

**Fourth-quarter and year-end 2022 investor call**

Horace Mann plans to release its fourth-quarter and full-year 2022 results on Feb. 7, after the market closes. At that time, the quarterly news release, investor supplement and investor presentation will be available on the company's website at investors.horacemann.com.

Management will host a conference call to discuss the financial results on Feb. 8 at 12 p.m. Eastern Time. Investors can access the call webcast via the Events page of the company's investor site or by dialing 844-735-3325. For the webcast, please log on to the site several minutes in advance to register and download any required audio software. On-demand replay will be available later that day.

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**About Horace Mann**

Horace Mann Educators Corporation is the largest financial services company focused on helping America's educators and others who serve the community achieve lifelong financial success. The company offers individual and group insurance and financial solutions tailored to the needs of the educator community. Founded by Educators for Educators<sup>®</sup> in 1945, the company is headquartered in Springfield, Illinois. For more information, visit horacemann.com.

**Safe Harbor Statement** 

Certain statements included in this news release, including those regarding our earnings outlook, expected catastrophe losses, our investment strategies, our plans to implement additional rate actions, our plans relating to share repurchases and dividends, our efforts to enhance customer experience and expand our products and solutions to more educators, our strategies to create sustainable long-term growth and double-digit ROEs, our strategy to achieve a larger share of the education market, and other business strategies, constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on management's current expectations and beliefs concerning future developments and their potential effects upon Horace Mann and its subsidiaries. Horace Mann cautions investors that such statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond Horace Mann's control, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking statements included in this document. Certain important factors that could cause actual results to differ, possibly materially, from expectations or estimates reflected in such forward-looking statements can be found in the "Risk Factors" and "Forward-Looking Information" sections included in Horace Mann's Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. The forward-looking statements herein are subject to the risk, among others, that we will be unable to execute our strategy because of market or competitive conditions or other factors. Horace Mann does not undertake to update any particular forward-looking statement included in this document if we later become aware that such statement is not likely to be achieved.

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