SPRINGFIELD, Ill., Dec. 10, 2010 /PRNewswire-FirstCall/ -- Horace
Mann Educators Corporation (NYSE: HMN) Board of Directors today
announced a quarterly dividend of 11
cents per share payable on December
31, 2010 to shareholders of record as of December 20, 2010. The quarterly dividend
amount represents an increase of 37.5 percent from the third
quarter 2010 dividend and exceeds the 10.5
cents per share paid in 2008 prior to the financial market
crisis.
"The Board's decision to further increase the dividend at this
time reflects Horace Mann's
financial strength and strong capital position, which have remained
intact following a period of unprecedented stress in the financial
markets and through challenging recessionary economic conditions.
The increase also reflects Horace
Mann's improving auto profitability, declining coastal
property exposure and strong annuity results as well as
management's positive outlook for profitable growth in 2011 and
beyond," said Peter H. Heckman,
President and Chief Executive Officer.
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 Quarterly Report on Form 10-Q for the period
ended September 30, 2010 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