Horace Mann (NYSE: HMN) is the largest financial services company focused on providing America's educators and school employees with insurance and retirement solutions. We understand and solve the issues facing educators, helping them to achieve lifelong financial success.
Horace Mann was founded in 1945 by two Springfield, Illinois, teachers who saw a need for quality, affordable auto insurance for teachers. In the 75 years since, we’ve broadened our mission to helping all educators protect what they have today and prepare for a successful tomorrow. And with our broadened mission has come corporate growth: We now have more than one million customers, $12B in assets, and serve about half the school districts in our national market footprint.
We are focused on creating long-term shareholder value and achieving our long-term objective of a double-digit return on equity. Since 2011, our combined book value and accumulated dividends have increased at a compound annual growth rate of 9%. Our Board of Directors approved dividend increases for 12 consecutive years, and we have completed $79 million in stock repurchases since 2011.