Horace Mann provided a glossary of selected terms used by the Company’s management to evaluate performance against historical results and establish targets on a consolidated basis.
The measures are used by the Company’s management to evaluate performance against historical results and establish targets on a consolidated basis.
A number of these measures are components of net income or the balance sheet but, in some cases, are not based on accounting principles generally accepted in the United States of America (non-GAAP) under applicable SEC rules.
In the opinion of the Company’s management, a discussion of these measures provides investors, financial analysts, rating agencies and other financial statement users with a better understanding of the significant factors that comprise the Company’s periodic results of operations and how management evaluates the Company's financial performance.
Internally, the Company's management uses the measures to evaluate performance against historical results, to establish financial targets on a consolidated basis and for other reasons.
Analyze how earnings announcements historically affect stock price performance