Horace Mann Educators Corporation provided earnings guidance for the year 2024. For 2024, the company expects core earnings to be between $47 million and $50 million, taking another step closer to blended long-term benefit ratio target of 43% compared with 2023. Looking to 2024, the company expects total net investment income to increase to between $465 million and $475 million in between $360 million and $370 million for the managed portfolio.

The increase reflects the continued benefit of the higher interest rate environment and expectations for limited partnership in commercial mortgage loan portfolio returns. full year 2024 EPS guidance of $3 to $3.30 is solidly in line with current Street expectations.