Corporate Profile for Horace Mann Educators Corp., dated Sept. 1.--(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 and many others. -0- Published date: Sept. 1, 1995 Company name: Horace Mann Educators Corp.
Address: One Horace Mann Plaza,
Springfield, Ill., 62715-0001
Telephone No.: 217/789-2500 Chief Executive Officer: Paul J. Kardos Chief Financial Officer: Larry K. Becker Investor Relations Contact: George J. Zock Business number: 217/788-5133 Home number: 217/629-7735 Public Relations Contact: Al Inkel Business number: 217/788-5102 Home number: 217/523-3438 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, Ill., Horace Mann provides retirement annuities and automobile, homeowners, and life insurance products to the nation's educators through an exclusive sales force of approximately 900 agents. Insurance premiums earned and total revenues in 1994 were $527 million and $712 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. and extraordinary items and was $65 million or $2.15 per share in 1994. Net income was $63 million in 1994 or $2.17 per share. For the six months ended June 30, 1995, insurance premiums earned and total revenues were $264 million and $367 million, respectively. Operating income was $32 million, or $1.13 per share compared to $28 million or 92 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. for the same period in 1994. Net income was $33 million or $1.18 per share, compared to a net income of $28 million or 93 cents per share for the corresponding period in 1994. HMEC's 1994 stock price ranged from a high of 28 3/4 to a low of 19 1/8. For the six months ended June 30, 1995, HMEC's stock price ranged from a high of 24 1/2 to a low of 20 5/8. HMEC's principal insurance subsidiaries are Horace Mann Insurance Co., Teachers Insurance Co., Allegiance Insurance Co., and Horace Mann Life Insurance Co. CONTACT: Horace Mann Educators Corp. |
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