Horace Mann Educators Corporation HMN estimates its financial impact from catastrophe activity during the months of April and May 2011 will total $45 million to $50 million pretax.
This range includes the estimated incurred losses and loss adjustment expenses from five, multi-day catastrophe events that occurred during April, with policyholders in North Carolina, South Carolina, Tennessee and Texas being impacted most significantly, as well as tornado and storm activity which affected Missouri and parts of the greater Minneapolis area in May.
The company's pretax catastrophe costs were $16.2 million for the three months ended June 30, 2010.
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