Horace Mann Educators (HMN) said Tuesday that its board has authorized a $50 million share repurchase program.
Since 2011, the company has repurchased nearly $130.9 million of its stock under previous authorizations through May 9, the financial services company said.
The company said the program allows for the repurchase of common stock at its discretion, in varying amounts and prices based on market conditions, through methods such as open market transactions, privately negotiated deals, or accelerated repurchase programs.
The company also said it is on track to meet its 2025 goals of core earnings and a double-digit shareholder return on equity.
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