Horace Mann Educators...
... has posted net income of $32m for the first half of the year, an increase of 70% that largely reflected a swing to net realized investment gains of $10.2m from year-ago losses of $10.5m and a 3.9% rise in investment income to $118.9m. The Illinois-based group’s p/c business saw net income rise 7.4% to $16m on earned premiums of $270.8m, up 1.2%, as it posted an underwriting gain as reflected in the 1 point improvement in the combined ratio to 99.2%.
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