How did the diversified business segments (insurance, investment, and other services) perform individually, and which segment contributed most to the record core earnings?
Answer
The press release you quoted provides a high‑level view of Horace Mann Educators Corp.’s (HMN) second‑quarter 2025 results, but it does **not break out the performance of each of the three diversified business segments—insurance, investment, and “other services”—into separate earnings or profit figures. What the release does disclose is the aggregate outcome for the quarter:
| Metric (for the 3‑month period ending June 30 2025) | Result |
|---|---|
| Net income (diversified business) | $29.4 million (≈ $0.71 per share) |
| Core earnings (record) | $44.2 million (≈ $1.06 per share) |
Because the release only reports the combined net income and the combined “core earnings” for the entire diversified business, we cannot determine from this document:
- How much net income each segment (insurance, investment, other services) generated individually.
- Which segment contributed the largest share of the $44.2 million record core earnings.
What we can infer from the information given
- The diversified business as a whole delivered a net income of $29.4 million, which represents a $0.71 earnings per share (EPS) contribution to the company’s overall earnings for the quarter.
- The record core earnings of $44.2 million (≈ $1.06 per share) indicate that, beyond the net income figure, the company is also counting other items in its “core earnings” definition—typically adjustments for non‑recurring items, amortization of intangible assets, or other items that management believes better reflect ongoing operating performance.
- Since the core earnings exceed the net income ($44.2 M vs. $29.4 M), the “core earnings” metric includes additional positive contributions (e.g., investment income, actuarial gains, or other non‑GAAP adjustments) that are not captured in the net income line. Those adjustments are most likely generated by the investment and insurance segments, but the exact split is not disclosed.
Conclusion
Based solely on the press release you provided:
- The diversified business segments’ individual performance (insurance, investment, other services) is not itemized in the announcement.
- We cannot identify which segment contributed the most to the record $44.2 million core earnings from the information given.
If you need a precise segment‑by‑segment breakdown, you would have to look for a more detailed earnings presentation (e.g., a slide deck, a Form 10‑Q filing, or a supplemental press release) that Horace Mann typically provides to analysts after the earnings call. Those documents usually contain tables showing segment operating income, investment income, underwriting results, and other key metrics that let analysts pinpoint the leading contributor to “core earnings.”