Corporate Profile for Horace Mann Educators, dated Sept. 27, 1996.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and information services See Information Systems. . These include Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance News/Retrieval, Bloomberg Financial Markets, Reuter Company Newsyear, Reuter Business Briefing, DataTimes, Nexis, Dialog, NewsNet, America OnLine See AOL. , CompuServe, Delphi, Individual's HeadsUp and First!, Desktop Data's NewsEdge, UMI UMI University Microfilms International UMI United States Minor Outlying Islands (ISO Country code) UMI University of Miami UMI Universal Management Infrastructure (IBM) Data Courier, NewsBank, Information Access Company, Prodigy, Comtex, and many others. -0- Published Date: Sept. 27, 1996 Company Name: Horace Mann Educators Corp.
Address: One Horace Mann Plaza
Springfield, IL 62715-0001
Main Telephone Number: 217/789-2500 Chief Executive Officer: Paul J. Kardos Investor Relations Contact: George J. Zock Business number: 217/788-5133 Public Relations Contact: Al Inkel Business number: 217/788-5102 URL Address: http://www.horacemann.com Trading Symbol: NYSE:HMN Industry: Insurance Company description: Horace Mann Educators Corp. (HMEC HMEC Hybrid Multi-Level Error Control ) is an insurance holding company. Founded in 1945 and headquartered in Springfield, Horace Mann sells retirement annuities and automobile, homeowners, and life insurance to the nation's educators through an exclusive sales force of more than 950 agents. Insurance premiums earned and total revenues in 1995 were $532 million and $741 million, respectively. Operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. excludes realized capital gains or losses capital gains or losses n. particularly when calculating the tax liability of an individual or business, this is the difference between the original cost plus the cost of capital improvements, excluding maintenance, called "basis" and the sales price. , cost of additional rights relating to share repurchase Share Repurchase A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares. This is usually an indication that the company's management thinks the shares are undervalued. , and extraordinary items and was $75 million or $2.60 per share in 1995. Net income was $74 million in 1995 or $2.75 per share. For the six months ended June 30, 1996, insurance premiums earned and total revenues were $271 million and $374 million, respectively. Operating income was $32 million or $1.35 per share compared to $32 million or $1.13 per share for the same period in 1995. Net income was $33 million or $1.39 per share, compared to a net income of $33 million or $1.18 per share for the corresponding period in 1995. HMEC's 1995 stock price ranged from a high of 31 1/4 to a low of 20 1/8. For the six months ended June 30, 1996, HMEC's stock price ranged from a high of 35 3/4 to a low of 28. HMEC's principal insurance subsidiaries are Horace Mann Life Insurance Company, Horace Mann Insurance Company, Teachers Insurance Company, and Allegiance Insurance Company. CONTACT: Horace Mann Educators Corp. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion