Horace Mann Educators Corporation (NYSE:HMN) Q4 2022 Earnings Call Transcript

Matt Sharpe: Yes, we have one pending–well, two pending technically in each company, but one pending rate increase for 6.9% that we’re actively working with the Department of Insurance. We’ve answered, we think, all their questions, we think we’ve justified the rate. We’re hopeful that we’ll receive an approval soon. They have approved a small number of filings, and if you look at the order in which those filings came in, they all predated this edition of our filing, so we’re fairly confident that something will happen soon. Then once we do receive that approval, we do anticipate making another filing because, like everybody else in the industry, the rate is needed; however, we only included the one first filing that we anticipate getting approval soon into our guidance for 2023.

Derek Han: Got it, thank you.

Operator: This concludes our question and answer session. I would like to turn the conference back over to Heather Wietzel for any closing remarks.

Heather Wietzel: Thank you and thank you everyone for joining us today. Look forward to talking to people over the coming weeks and most definitely look forward to seeing as many of you as possible in person when we’re at IASA in early March. With that, have a great day. Thank you.

Marita Zuraitis: Thanks everybody.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.