This document provides definitions for various financial metrics used by Horace Mann to evaluate performance. It includes both GAAP and non-GAAP measures, with explanations of how they are calculated and why management believes they are useful to investors.
The glossary defines adjusted book value per share, which excludes after-tax net unrealized investment gains/losses and net reserve remeasurements.
It explains the calculation of core earnings, which excludes items like net investment gains/losses and goodwill impairments.
The document details how net premiums written and contract deposits are used to analyze business growth.
It outlines the components of property & casualty operating statistics, including loss ratio, expense ratio, and combined ratio.
Analyze how earnings announcements historically affect stock price performance