Comparing the current results to its competitors, Horace Mann Educators reported Revenue increase in the 2 quarter 2026 by 7.72 % year on year. The sales growth was above Horace Mann Educators's competitors' average revenue growth of 6.92 %, achieved in the same quarter.
Horace Mann Educators's Comment on Competition and Industry Peers
The Company operates in a highly competitive environment. The insurance industry
consists of a large number of insurance companies, some of which have substantially
greater financial resources, widespread advertising campaigns, more diversified
product lines, greater economies of scale and/or lower-cost marketing approaches
compared to the Company. In the Company’s target market, management believes
that the principal competitive factors in the sale of property and casualty insurance
products are price, overall service, name recognition and worksite sales and service.
Management believes that the principal competitive factors in the sale of the
Company’s annuity products and life insurance are worksite sales and service,
product features, perceived stability of the insurer, price, overall service and
name recognition.
The Company competes in its target market with a number of national providers
of personal automobile, homeowners and life insurance such as State Farm, Allstate,
Farmers, Liberty Mutual and Nationwide as well as several regional companies.
The Company also competes for automobile business with other companies such as
GEICO, Progressive and USAA, many of which feature direct marketing distribution.
Among the major national providers of annuities to educators, the Company’s
competitors for annuity business include The Variable Annuity Life Insurance Company
(“VALIC”), a subsidiary of American International Group (“AIG”);
AXA; Voya Financial, Inc.; Life Insurance Company of the Southwest, a subsidiary
of National Life Insurance Company; MetLife; Security Benefit; and Teachers Insurance
and Annuity Association – College Retirement Equities Fund (“TIAA-CREF”).
Select mutual fund families and financial planners also compete in this marketplace.
The market for tax-deferred annuity products in the Company’s target market
has been impacted by the revised Internal Revenue Service (“IRS”)
Section 403(b) regulations, which made the 403(b) market more comparable to the
401(k) market than it was in the past. While this change has and may continue
to reduce the number of competitors in this market, it has made the 403(b) market
more attractive to some of the larger companies experienced in 401(k) plans, including
both insurance and mutual fund companies, that had not previously been active
competitors in this business.
With revenue growth of 7.72 % within Overall company, Horace Mann Educators Corporation achieved improvement in market share, within Overall company to approximately 0.26 %. << More on HMN Market Share.
*Market share is calculated based on total revenue.
News about Horace Mann Educators Corporation Contracts
May 10, 2025
In an impactful move that echoes through the hallways of classrooms across America, Horace Mann Educators Corporation, renowned as the country’s largest multiline financial services company dedicated to the financial well-being of educators, has announced a vibrant partnership with Crayola, the household name that has brought color and creativity to the hands of children for generations. This collaboration, unveiled in Springfield, Illinois, merges two purpose-driven organizations with a unified goal: to support and uplift educators and school communities.The partnership comes at an opportune moment as educators grapple with increasing demands and challenges that impact their ability to foster innovative l...
November 26, 2024
In a heartwarming initiative reflecting the essential role of educators, Horace Mann Educators Corporation (NYSE:HMN) has launched its ‘Our Gratitude, Your Gift’ campaign, committing $10,000 to celebrate the unwavering dedication of teachers across the nation. Set against a backdrop of financial results that reveal both achievements and challenges, this campaign aims to both honor educators and engage them in a meaningful way.The Springfield, Illinois-based company, which is dedicated to serving America’s educational professionals and supporting their financial well-being, announced that twenty educators will be selected to receive $500 gift cards as part of this initiative. This generous campaign unde...
July 26, 2024
In an announcement that underscores both its resilience and the challenges ahead, Horace Mann Educators Corporation (NYSE: HMN) shared its preliminary results for the second quarter of 2024, along with a revision of its full-year guidance. The company is projecting full-year core earnings per share (EPS) to fall between $2.40 and $2.70. Within this context, the anticipated core EPS for the second quarter is expected to range from $0.18 to $0.20. This adjustment is largely attributed to lower-than-expected net investment income, specifically as a result of valuation adjustments in Horace Mann s commercial mortgage loan fund portfolio. Financial Performance OverviewHorace Mann s revised guidance reflects a car...
Publicly Traded Peers of Horace Mann Educators Corporation
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Profile
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Security National Financial Corporation Share Performance
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Security National Financial Corporation
Profile
Security National Financial Corporation operates as a financial and deathcare services provider. They offer insurance, mortgage loans, funeral services, and cemetery plots to individuals and families, serving as a one-stop solution for various financial and end-of-life needs.
Atlantic American Corp's business model is centered around insurance and complementary businesses. They generate revenue by offering various insurance products such as life, health, and property & casualty insurance to individuals and businesses. They also earn income through their investment portfolio, which includes holding equities and fixed-income securities.
Lincoln National Corporation operates as a diversified financial services organization that provides a range of products, including life insurance, retirement planning, and wealth management solutions. Their business model centers on delivering comprehensive financial services tailored to individuals, businesses, and institutions, generating revenue through insurance premiums, investment income, and fee-based services while continually adapting to meet changing customer needs.
Sources:
Horace Mann Educators Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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