The company provided the definitions for selected terms used to evaluate performance against historical results and establish targets. These metrics include both GAAP and non-GAAP measures, offering insights into the company's operations and financial performance. Management believes these measures provide investors with a better understanding of the factors that comprise the Company’s periodic results of operations and how management evaluates the Company's financial performance.
Core earnings exclude after-tax impact of net investment gains/losses, discontinued operations, goodwill/intangible asset impairments, tax law changes, and cumulative effect of accounting changes.
Premiums written and contract deposits are based on statutory accounting principles and used to analyze business growth.
Property and casualty operating statistics include loss ratio, expense ratio, and combined ratio to assess underwriting profitability.
Sales data pertains to Horace Mann products and excludes authorized products sold by exclusive agents that are underwritten by third-party vendors
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