Insurance company Horace Mann Educators has reported net income of $18 million, or 41 cents per share for the fourth quarter ended December 31, 2007, compared to $28.6 million, or 64 cents per share for the fourth quarter of 2006.

For the full-year period ended December 31, 2007, net income was $82.8 million, or $1.86 per share, compared to $98.7 million, or $2.19 per share for the full-year period of 2006.

Louis Lower II, president and CEO, said: After a record level of earnings in 2006, Horace Mann closed out the year with another strong quarter, making 2007 the second highest earnings period in the company’s history in terms of net income before realized investment gains and losses.