SPRINGFIELD, Ill., Dec. 9 /PRNewswire-FirstCall/ -- Horace Mann Educators Corporation Board of Directors announced a quarterly dividend of 8 cents per share payable on December 31, 2009 to shareholders of record as of December 21, 2009. The quarterly dividend amount represents an increase of 52.4 percent from the third quarter 2009 dividend.
"The Board's decision to increase the dividend at this time reflects Horace Mann's financial strength and strong capital position, which have remained intact following a period of unprecedented stress in the financial markets, and also reflects management's positive outlook for profitable growth in 2010 and beyond," said Louis G. Lower II, President and Chief Executive Officer.
Horace Mann -- the largest national multiline insurance company focusing on educators' financial needs -- provides auto and homeowners insurance, retirement annuities, life insurance and other financial solutions. Founded by Educators for Educators® in 1945, the company is headquartered in Springfield, Ill. For more information, visit http://www.horacemann.com/.
Statements included in this news release that are not historical in nature are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995 and are subject to certain risks and uncertainties. Horace Mann is not under any obligation to (and expressly disclaims any such obligation to) update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Please refer to the company's Quarterly Report on Form 10-Q for the period ended September 30, 2009 and the company's past and future filings and reports filed with the Securities and Exchange Commission for information concerning the important factors that could cause actual results to differ materially from those in forward-looking statements.
Horace Mann Educators Corporation
CONTACT: Dwayne D. Hallman, Senior Vice President - Finance of Horace
Mann Educators Corporation, +1-217-788-5708
Web Site: http://www.horacemann.com/
