Rochester,NY 8/19/2009 1:15:10 AM
Horace Mann Educators Corporation.,HMN-Results for Second Quarter
Horace Mann Educators Corporation
Horace Mann Educators Corporation on july 30, 2009, reported net income of $18.6 million (46 cents per share) and $32.0 million (79 cents per share) for the three and six months ended June 30, 2009, respectively, compared to $4.5 million (11 cents per share) and $18.8 million (45 cents per share) for the same periods in 2008. Included in net income were net realized gains on securities of $11.0 million ($7.2 million after tax, or 18 cents per share) and $10.2 million ($6.6 million after tax, or 16 cents per share) for the three and six months ended June 30, 2009, respectively.
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In the same periods in 2008, net income included net realized investment losses of $8.1 million ($5.1 million after tax, or 12 cents per share) and $10.5 million ($6.7 million after tax, or 16 cents per share), respectively. All per-share amounts are stated on a diluted basis.
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