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