Horace Mann Increases Quarterly Dividend by 22%
SPRINGFIELD, Ill., March 6, 2013
SPRINGFIELD, Ill., March 6, 2013 /PRNewswire/ -- Horace Mann Educators
Corporation (NYSE:HMN) today announced that its Board of Directors has
declared a quarterly cash dividend of $0.195 per share. This represents an
annualized dividend of $0.78 per share and follows a 23% increase declared in
December 2012. Historically, the Board of Directors has reviewed the dividend
and other capital management actions in December. Beginning in 2013, the
Board has moved this review to March so that actual year-end results can be
taken into consideration.
"The Board's decision to raise the dividend again, for the fifth consecutive
year, reflects not only our strong 2012 operating results, but also Horace
Mann's continued financial strength, excess capital position and strong cash
flow," said Peter H. Heckman, President and Chief Executive Officer.
The quarterly dividend is payable on March 29, 2013 to shareholders of record
as of March 18, 2013.
Horace Mann -- the largest national multiline insurance company focusing on
educators' financial needs -- provides auto and homeowners insurance,
retirement annuities, life insurance and other financial solutions. Founded by
Educators for Educators^® in 1945, the company is headquartered in
Springfield, Ill. For more information, visit www.horacemann.com.
Statements included in this news release that are not historical in nature are
forward-looking within the meaning of the Private Securities Litigation Reform
Act of 1995 and are subject to certain risks and uncertainties. Horace Mann is
not under any obligation to (and expressly disclaims any such obligation to)
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise. Please refer to the company's Annual
Report on Form 10-K for the period ended December 31, 2012 and the company's
past and future filings and reports filed with the Securities and Exchange
Commission for information concerning the important factors that could cause
actual results to differ materially from those in forward-looking statements.
SOURCE Horace Mann Educators Corporation
Contact: Ryan Greenier, Vice President, Investor Relations, +1-217-788-5738
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