Horace Mann Educators

-14.63%

Live  

Horace Mann Educators is an American insurance and financial services company that specializes in providing insurance and retirement solutions to educators and their families. The company was founded in 1945 by two Illinois educators, and over the years it has grown to become one of the largest insurance and retirement services providers in the country.
Horace Mann offers a variety of insurance products, including auto, home, life, and disability insurance, to educators and their families. They also offer retirement planning services, such as 403(b) and 457(b) plans, to help educators save for retirement.
The company's mission is to provide peace of mind and financial security to educators and their families. They strive to offer competitive rates, personalized service, and valuable educational resources to their customers.
Horace Mann is headquartered in Springfield, Illinois and operates in all 50 states. They have over 3,000 employees and a network of over 1,200 agents who are dedicated to serving the needs of educators.
In addition to their insurance and retirement services, Horace Mann also has a strong commitment to philanthropy and community involvement. They support various organizations and programs that promote education, literacy, and teacher recognition.

SG9yYWNlIE 1hbm4gRWR1 Y2F0b3JzIG lzIGEgY29t cGFueSB0aG F0IGhlbHBz IHRlYWNoZX JzIGFuZCBz Y2hvb2xzIG J5IHByb3Zp ZGluZyBpbn N1cmFuY2Ug YW5kIGZpbm FuY2lhbCBz ZXJ2aWNlcy 4gSW1hZ2lu ZSBpZiB5b3 UgYXJlIGEg dGVhY2hlci wgYW5kIHlv dSB3YW50IH RvIG1ha2Ug c3VyZSB5b3 VyIGNhciBv ciBob21lIG lzIHByb3Rl Y3RlZCBmcm 9tIGFjY2lk ZW50cyBvci BkYW1hZ2Uu IEhvcmFjZS BNYW5uIG9m ZmVycyBzcG VjaWFsIGlu c3VyYW5jZS BwbGFucyBq dXN0IGZvci B0ZWFjaGVy cyB0byBoZW xwIHRoZW0g ZmVlbCBzYW ZlIGFuZCBz ZWN1cmUuPG JyPlRoZSBj b21wYW55IG Fsc28gaGVs cHMgdGVhY2 hlcnMgcGxh biBmb3IgdG hlaXIgZnV0 dXJlIGJ5IG 9mZmVyaW5n IHJldGlyZW 1lbnQgcGxh bnMuIFRoaX MgbWVhbnMg dGhleSBjYW 4gc2F2ZSBt b25leSBub3 cgc28gdGhl eSBjYW4gaG F2ZSBhIG1v cmUgY29tZm 9ydGFibGUg bGlmZSB3aG VuIHRoZXkg c3RvcCB3b3 JraW5nLjxi cj5Ib3JhY2 UgTWFubiBt YWtlcyBtb2 5leSBieSBj aGFyZ2luZy B0ZWFjaGVy cyBhbmQgc2 Nob29scyBm b3IgdGhlc2 UgaW5zdXJh bmNlIGFuZC BmaW5hbmNp YWwgc2Vydm ljZXMuIFdo ZW4gdGVhY2 hlcnMgcGF5 IGZvciBpbn N1cmFuY2Ug b3Igc2V0IH VwIHJldGly ZW1lbnQgcG xhbnMsIHRo ZSBjb21wYW 55IGVhcm5z IG1vbmV5Li BUaGV5IGFs c28gaGVscC BzY2hvb2xz IG1hbmFnZS B0aGVpciBm aW5hbmNlcy BiZXR0ZXIs IHdoaWNoIG lzIGFub3Ro ZXIgd2F5IH RoZXkgbWFr ZSBtb25leS 48YnI+VGhl IGNvbXBhbn kgaXMgc3Vj Y2Vzc2Z1bC BiZWNhdXNl IGl0IGZvY3 VzZXMgb24g aGVscGluZy B0ZWFjaGVy cywgd2hvIG hhdmUgYSBz cGVjaWFsIG 5lZWQgZm9y IHN1cHBvcn QgYW5kIHBy b3RlY3Rpb2 4uIFNpbmNl IGVkdWNhdG lvbiBpcyB2 ZXJ5IGltcG 9ydGFudCwg YW5kIHRoZX JlIHdpbGwg YWx3YXlzIG JlIHRlYWNo ZXJzLCBIb3 JhY2UgTWFu biBpcyBsaW tlbHkgdG8g c3RheSBzdW NjZXNzZnVs IGluIHRoZS BmdXR1cmUu IEFzIGxvbm cgYXMgdGVh Y2hlcnMgbm VlZCBpbnN1 cmFuY2UgYW 5kIGZpbmFu Y2lhbCBoZW xwLCBIb3Jh Y2UgTWFubi BjYW4gY29u dGludWUgdG 8gcHJvdmlk ZSB0aGVzZS BzZXJ2aWNl cywgaGVscG luZyBib3Ro IHRoZSB0ZW FjaGVycyBh bmQgdGhlIH NjaG9vbHMu IFBsdXMsIH RoZXkgYnVp bGQgc3Ryb2 5nIHJlbGF0 aW9uc2hpcH Mgd2l0aCB0 aGVpciBjbG llbnRzLCB3 aGljaCBrZW VwcyBwZW9w bGUgY29taW 5nIGJhY2sg Zm9yIGhlbH AuPGJyPg==

VGhlcmUgYX JlIHNldmVy YWwgZmFjdG 9ycyB0aGF0 IG1ha2UgSG 9yYWNlIE1h bm4gRWR1Y2 F0b3JzIGEg dW5pcXVlIG NvbXBhbnkg aW4gdGhlIG luc3VyYW5j ZSBpbmR1c3 RyeTo8YnI+ MS4gRm9jdX Mgb24gZWR1 Y2F0b3JzOi BIb3JhY2Ug TWFubiBFZH VjYXRvcnMg d2FzIGZvdW 5kZWQgYnkg dHdvIHRlYW NoZXJzIGlu IDE5NDUgYW 5kIGhhcyBy ZW1haW5lZC BkZWRpY2F0 ZWQgdG8gc2 VydmluZyB0 aGUgaW5zdX JhbmNlIGFu ZCBmaW5hbm NpYWwgbmVl ZHMgb2YgZW R1Y2F0b3Jz IGV2ZXIgc2 luY2UuIFRo aXMgc3BlY2 lhbGl6YXRp b24gc2V0cy B0aGVtIGFw YXJ0IGZyb2 0gb3RoZXIg aW5zdXJhbm NlIGNvbXBh bmllcyBhbm QgYWxsb3dz IHRoZW0gdG 8gYmV0dGVy IHVuZGVyc3 RhbmQgYW5k IGNhdGVyIH RvIHRoZSB1 bmlxdWUgbm VlZHMgb2Yg ZWR1Y2F0b3 JzLjxicj4y LiBDb21tdW 5pdHkgaW52 b2x2ZW1lbn Q6IFRoZSBj b21wYW55IG lzIGRlZXBs eSBpbnZvbH ZlZCBpbiBz dXBwb3J0aW 5nIGVkdWNh dGlvbiBhbm QgZ2l2aW5n IGJhY2sgdG 8gbG9jYWwg Y29tbXVuaX RpZXMuIFRo ZXkgb2ZmZX IgZ3JhbnRz LCBzY2hvbG Fyc2hpcHMs IGFuZCB2b2 x1bnRlZXIg b3Bwb3J0dW 5pdGllcyB0 byBzdXBwb3 J0IGVkdWNh dG9ycyBhbm Qgc3R1ZGVu dHMuPGJyPj MuIERpdmVy c2UgcHJvZH VjdCBvZmZl cmluZ3M6IE hvcmFjZSBN YW5uIEVkdW NhdG9ycyBw cm92aWRlcy BhIHdpZGUg cmFuZ2Ugb2 YgaW5zdXJh bmNlIGFuZC BmaW5hbmNp YWwgcHJvZH VjdHMgc3Bl Y2lmaWNhbG x5IGRlc2ln bmVkIGZvci BlZHVjYXRv cnMsIGluY2 x1ZGluZyBh dXRvLCBob2 1lLCBsaWZl LCBhbmQgcm V0aXJlbWVu dCBzb2x1dG lvbnMuIFRo aXMgY29tcH JlaGVuc2l2 ZSBhcHByb2 FjaCBhbGxv d3MgZWR1Y2 F0b3JzIHRv IGNvbnZlbm llbnRseSBh bmQgY29uZm lkZW50bHkg bWFuYWdlIG FsbCB0aGVp ciBpbnN1cm FuY2UgbmVl ZHMgd2l0aC BvbmUgY29t cGFueS48Yn I+NC4gU3Ry b25nIGZpbm FuY2lhbCBz dGFiaWxpdH k6IFdpdGgg b3ZlciA3NS B5ZWFycyBv ZiBleHBlcm llbmNlIGFu ZCBhbiBBLS AoRXhjZWxs ZW50KSByYX RpbmcgZnJv bSBBLk0uIE Jlc3QgQ29t cGFueSwgSG 9yYWNlIE1h bm4gRWR1Y2 F0b3JzIGhh cyBhIHByb3 ZlbiB0cmFj ayByZWNvcm Qgb2YgZmlu YW5jaWFsIH N0cmVuZ3Ro IGFuZCBzdG FiaWxpdHku IFRoaXMgcH JvdmlkZXMg Y3VzdG9tZX JzIHdpdGgg cGVhY2Ugb2 YgbWluZCBr bm93aW5nIH RoZWlyIHBv bGljaWVzIG FyZSBiYWNr ZWQgYnkgYS BmaW5hbmNp YWxseSBzb3 VuZCBjb21w YW55Ljxicj 41LiBQZXJz b25hbGl6ZW Qgc2Vydmlj ZTogVGhlIG NvbXBhbnkg cHJpZGVzIG l0c2VsZiBv biBwcm92aW RpbmcgcGVy c29uYWxpem VkIHNlcnZp Y2UgYW5kIG J1aWxkaW5n IGxvbmctdG VybSByZWxh dGlvbnNoaX BzIHdpdGgg aXRzIGN1c3 RvbWVycy4g RWR1Y2F0b3 JzIGNhbiB3 b3JrIGRpcm VjdGx5IHdp dGggdGhlaX IgbG9jYWwg SG9yYWNlIE 1hbm4gYWdl bnQgdG8gdG FpbG9yIGNv dmVyYWdlIG FuZCByZWNl aXZlIHBlcn NvbmFsaXpl ZCBzdXBwb3 J0IGFuZCBh ZHZpY2UuPG JyPjYuIENv bW1pdG1lbn QgdG8gZGl2 ZXJzaXR5IG FuZCBpbmNs dXNpb246IE hvcmFjZSBN YW5uIEVkdW NhdG9ycyBp cyBjb21taX R0ZWQgdG8g ZGl2ZXJzaX R5IGFuZCBp bmNsdXNpb2 4gYW5kIGlz IGRlZGljYX RlZCB0byBw cm9tb3Rpbm cgYSBjdWx0 dXJlIG9mIG VxdWFsaXR5 IHdpdGhpbi B0aGUgY29t cGFueS4gVG hleSBoYXZl IGEgZGl2ZX JzZSB3b3Jr Zm9yY2UgYW 5kIG9mZmVy IHByb2dyYW 1zIHRvIHN1 cHBvcnQgYW 5kIGVtcG93 ZXIgd29tZW 4gYW5kIG1p bm9yaXR5IG dyb3Vwcy48 YnI+

VGhlIEhvcm FjZSBNYW5u IEVkdWNhdG 9ycyBjb21w YW55IGlzIG EgZmluYW5j aWFsIHNlcn ZpY2VzIGNv bXBhbnkgdG hhdCBzcGVj aWFsaXplcy BpbiBwcm92 aWRpbmcgaW 5zdXJhbmNl IGFuZCByZX RpcmVtZW50 IHNvbHV0aW 9ucyB0byBl ZHVjYXRvcn MgYW5kIHRo ZWlyIGZhbW lsaWVzLiBU aGVpciBidX NpbmVzcyBt b2RlbCBmb2 N1c2VzIG9u IGRldmVsb3 BpbmcgYW5k IG9mZmVyaW 5nIGlubm92 YXRpdmUgcH JvZHVjdHMg YW5kIHNlcn ZpY2VzIHRo YXQgY2F0ZX IgdG8gdGhl IHVuaXF1ZS BuZWVkcyBv ZiBlZHVjYX RvcnMsIHN1 Y2ggYXMgZW R1Y2F0b3It c3BlY2lmaW MgaW5zdXJh bmNlIHBvbG ljaWVzIGFu ZCByZXRpcm VtZW50IHBs YW5uaW5nIG 9wdGlvbnMu IFRoZXkgYW xzbyB3b3Jr IHRvIGJ1aW xkIHN0cm9u ZyByZWxhdG lvbnNoaXBz IHdpdGggdG hlaXIgY3Vz dG9tZXJzLC BwcmltYXJp bHkgdGhyb3 VnaCBwYXJ0 bmVyc2hpcH Mgd2l0aCBl ZHVjYXRpb2 5hbCBvcmdh bml6YXRpb2 5zLCBzY2hv b2xzLCBhbm QgY29sbGVn ZXMuIFRoZS Bjb21wYW55 J3MgZ29hbC BpcyB0byBo ZWxwIGVkdW NhdG9ycyBh Y2hpZXZlIG ZpbmFuY2lh bCBzZWN1cm l0eSBhbmQg cGVhY2Ugb2 YgbWluZCwg YWxsb3dpbm cgdGhlbSB0 byBmb2N1cy BvbiB0aGVp ciBpbXBvcn RhbnQgd29y ayBvZiBlZH VjYXRpbmcg dGhlIGZ1dH VyZSBnZW5l cmF0aW9uLg ==

AI can pose certain threats to companies like Horace Mann Educators, particularly in the areas of substitution, disintermediation, and margin pressure. Here are some considerations:
1. Substitution: AI can enable innovative educational tools and platforms that offer personalized learning experiences or automated assessment and feedback mechanisms. If such tools provide better outcomes or user experiences compared to traditional offerings from Horace Mann, they could attract customers away from the company’s products.
2. Disintermediation: AI can streamline processes and reduce the need for intermediaries in various educational services, such as tutoring or financial advising related to education. If AI capabilities allow consumers to access services directly, it could reduce the demand for the traditional roles that Horace Mann plays in the education and insurance markets.
3. Margin Pressure: The integration of AI into educational products and services can lead to increased competition. Companies leveraging AI effectively may offer services at lower prices or with greater efficiency, which could pressure Horace Mann to reduce its pricing or enhance its offerings, potentially impacting profit margins.
In summary, while AI presents opportunities for growth and innovation, it also poses challenges to Horace Mann Educators in terms of competition and market positioning, necessitating a proactive approach to adapt and evolve in the face of these changes.

Horace Mann Educators Company, like many other financial and insurance companies, can exhibit sensitivity to changes in interest rates in various ways.
1. Earnings Sensitivity: Earnings for Horace Mann can be influenced by interest rate fluctuations due to their impact on investment income. If interest rates rise, the company may benefit from higher returns on new investments, which can boost earnings. Conversely, if interest rates decline, the yields on fixed-income securities, which are a part of their investment portfolio, might decrease, negatively affecting earnings.
2. Cash Flow Sensitivity: The cash flow profile of Horace Mann can also be affected by interest rates. Higher interest rates can lead to increased cash inflows from new insurance premiums as customers seek to capitalize on favorable conditions. On the other hand, declining interest rates may result in reduced cash flows from investments and might require the company to manage its liabilities more cautiously, especially if policyholder lapses or surrenders increase due to unfavorable market conditions.
3. Valuation Sensitivity: The valuation of Horace Mann, as with other financial institutions, is often linked to discounted cash flows. A rise in interest rates can lead to a higher discount rate used in valuation calculations, potentially decreasing the present value of future cash flows. Conversely, lower interest rates could result in a lower discount rate, increasing the company’s valuation. Moreover, changes in interest rates can impact market sentiment and investor perceptions, which can further drive equity valuations.
Overall, Horace Mann Educators’ financial performance, cash flow, and valuation are relatively sensitive to interest rate changes, requiring the company to actively manage its interest rate risk through strategic asset allocation and liability management.

QSByZWFsaX N0aWMgc2Nl bmFyaW8gdG hhdCBjb3Vs ZCBwZXJtYW 5lbnRseSBp bXBhaXIgSG 9yYWNlIE1h bm4gRWR1Y2 F0b3Jz4oCZ IGVjb25vbW ljcyBvdmVy IHRoZSBuZX h0IDMtNSB5 ZWFycyB3b3 VsZCBiZSBh IHNpZ25pZm ljYW50IGFu ZCBwcm9sb2 5nZWQgZGVj bGluZSBpbi B0aGUgcHVi bGljIGVkdW NhdGlvbiBz ZWN0b3IsIH RyaWdnZXJl ZCBieSBmYW N0b3JzIHN1 Y2ggYXMgZH Jhc3RpYyBi dWRnZXQgY3 V0cywgY2hh bmdlcyBpbi BsZWdpc2xh dGlvbiwgb3 IgYSBzaGlm dCB0b3dhcm RzIGFsdGVy bmF0aXZlIG VkdWNhdGlv bmFsIG1vZG VscyAobGlr ZSBvbmxpbm Ugb3IgZm9y LXByb2ZpdC BlZHVjYXRp b24pLiBUaG VzZSBjaGFu Z2VzIGNvdW xkIHJlZHVj ZSB0aGUgZG VtYW5kIGZv ciB0aGUgaW 5zdXJhbmNl IGFuZCBmaW 5hbmNpYWwg cHJvZHVjdH MgdGhhdCBI b3JhY2UgTW FubiBwcm92 aWRlcywgZX NwZWNpYWxs eSBzaW5jZS B0aGVpciBw cmltYXJ5IH RhcmdldCBt YXJrZXQgY2 9uc2lzdHMg b2YgZWR1Y2 F0b3JzIGFu ZCBlZHVjYX Rpb25hbCBw cm9mZXNzaW 9uYWxzLjxi cj5JbiBzdW NoIGEgc2Nl bmFyaW8sIH RoZSBjb21w YW554oCZcy ByZXZlbnVl cyB3b3VsZC BsaWtlbHkg ZXhwZXJpZW 5jZSBhIHNo YXJwIGRlY2 xpbmUgYXMg ZmV3ZXIgZW R1Y2F0b3Jz IHdvdWxkIG JlIHNlZWtp bmcgaW5zdX JhbmNlIHBy b2R1Y3RzIG 9yIGZpbmFu Y2lhbCBzZX J2aWNlcyBk dWUgdG8gdG hlaXIgcmVk dWNlZCBqb2 Igc2VjdXJp dHkgYW5kIG Rpc3Bvc2Fi bGUgaW5jb2 1lLiBUaGlz IHdvdWxkIG RpcmVjdGx5 IGltcGFjdC B0aGUgY29t cGFueeKAmX MgbWFyZ2lu cywgbGVhZG luZyB0byBk ZWNyZWFzZW QgcHJvZml0 YWJpbGl0eS 4gT3BlcmF0 aW5nIGV4cG Vuc2VzLCBh bHRob3VnaC Bwb3RlbnRp YWxseSBhZG p1c3RhYmxl LCBtYXkgbm 90IGRlY3Jl YXNlIHByb3 BvcnRpb25h bGx5LCBlc3 BlY2lhbGx5 IGlmIGZpeG VkIGNvc3Rz IHJlbWFpbi BoaWdoLjxi cj5DYXNoIG Zsb3cgd291 bGQgYmVjb2 1lIGNvbnN0 cmFpbmVkIG FzIHJldmVu dWUgZGVjbG luZXMuIFRo ZSBjb21wYW 55IG1pZ2h0 IHN0cnVnZ2 xlIHRvIGdl bmVyYXRlIH N1ZmZpY2ll bnQgY2FzaC B0byBtZWV0 IGl0cyBvYm xpZ2F0aW9u cywgbGVhZG luZyB0byBh IHBvdGVudG lhbCBsaXF1 aWRpdHkgY3 Jpc2lzLiBJ ZiB0aGV5IG F0dGVtcHRl ZCB0byBjdX QgcHJpY2Vz IHRvIGF0dH JhY3QgY3Vz dG9tZXJzLC B0aGlzIGNv dWxkIGZ1cn RoZXIgZXJv ZGUgbWFyZ2 lucy4gPGJy Pk9uIHRoZS BiYWxhbmNl IHNoZWV0LC B0aGUgY29t cGFueSB3b3 VsZCBsaWtl bHkgc2hvdy BzaWducyBv ZiBkaXN0cm Vzcy4gVGhl cmUgY291bG QgYmUgaW5j cmVhc2VzIG luIGFjY291 bnRzIHJlY2 VpdmFibGUg aWYgcHJlbW l1bSBjb2xs ZWN0aW9ucy BzbG93IGRv d24gZHVlIH RvIGN1c3Rv bWVyc+KAmS BpbmFiaWxp dHkgdG8gcG F5LiBUaGUg YXNzZXQgc2 lkZSBtaWdo dCByZWZsZW N0IGxvd2Vy IHZhbHVlIG luIHNvbWUg ZmluYW5jaW FsIGluc3Ry dW1lbnRzIG lmIHRoZSBl Y29ub21pYy BlbnZpcm9u bWVudCB3b3 JzZW5zLCBh ZmZlY3Rpbm cgaW52ZXN0 bWVudHMgYW 5kIHJlc2Vy dmVzLiBJZi B0aGUgY29t cGFueeKAmX Mgc3RvY2sg cHJpY2UgZH JvcHMgZHVl IHRvIHBvb3 IgZmluYW5j aWFsIHBlcm Zvcm1hbmNl LCB0aGlzIH dvdWxkIGZ1 cnRoZXIgd2 Vha2VuIGl0 cyBlcXVpdH kgcG9zaXRp b24uPGJyPk 92ZXJhbGws IGluIHRoaX Mgc2NlbmFy aW8sIEhvcm FjZSBNYW5u IEVkdWNhdG 9ycyBjb3Vs ZCBmYWNlIG FuIGluZHVz dHJ5LXdpZG UgY29udHJh Y3Rpb24gdG hhdCBsZWFk cyB0byByZW R1Y2VkIGN1 c3RvbWVyIG Jhc2UsIGxv d2VyIHByb2 R1Y3QgZGVt YW5kLCBzdH JhaW5lZCBj YXNoIGZsb3 csIGFuZCBh IHdlYWtlbm VkIGJhbGFu Y2Ugc2hlZX QsIGZ1bmRh bWVudGFsbH kgYWx0ZXJp bmcgaXRzIG Vjb25vbWlj IG91dGxvb2 sgYW5kIG9w ZXJhdGlvbm FsIHZpYWJp bGl0eS48Yn I+

CiAgICAgIC AgICAgIDxk aXYgc3R5bG U9J3dpZHRo OiAxMDAlOy BkaXNwbGF5 OiBmbGV4Oy BqdXN0aWZ5 LWNvbnRlbn Q6IGNlbnRl cjsnPgogIC AgICAgICAg ICAgICAgPG RpdiBzdHls ZT0nCiAgIC AgICAgICAg ICAgICAgIC AgZGlzcGxh eTogZmxleD sKICAgICAg ICAgICAgIC AgICAgICBh bGlnbi1pdG VtczogY2Vu dGVyOwogIC AgICAgICAg ICAgICAgIC AgIGJhY2tn cm91bmQtY2 9sb3I6ICNm MGY0Zjg7Ci AgICAgICAg ICAgICAgIC AgICAgYm9y ZGVyOiAxcH ggc29saWQg I2QxZTNmMD sKICAgICAg ICAgICAgIC AgICAgICBi b3JkZXItcm FkaXVzOiAx MHB4OwogIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH g7CiAgICAg ICAgICAgIC AgICAgICAg bWFyZ2luOi AyMHB4IDA7 CiAgICAgIC AgICAgICAg ICAgICAgZm 9udC1mYW1p bHk6ICJTZW dvZSBVSSIs IFJvYm90by wgc2Fucy1z ZXJpZjsKIC AgICAgICAg ICAgICAgIC AgICBib3gt c2hhZG93Oi AwIDJweCA2 cHggcmdiYS gwLCAwLCAw LCAwLjA1KT sKICAgICAg ICAgICAgIC AgICAgICBt YXgtd2lkdG g6IDkwMHB4 OwogICAgIC AgICAgICAg ICAgICAgIH dpZHRoOiAx MDAlOyc+Cg ogICAgICAg ICAgICAgIC AgICAgIDxp bWcgc3JjPS Jhc3NldHMv bG9nb3MvUm FuWk5aZ3hq T29CVUY0dl BFenMud2Vi cCIgYWx0PS JIb3JhY2Ug TWFubiBFZH VjYXRvcnMi IHRpdGxlPS JIb3JhY2Ug TWFubiBFZH VjYXRvcnMi ICBjbGFzcz 0iaW1nLWZs dWlkIiBoZW lnaHQ9NTAg d2lkdGg9NT AgbG9hZGlu Zz0nbGF6eS cgc3R5bGU9 J2JvcmRlci 1yYWRpdXM6 IDZweDsnPg oKICAgICAg ICAgICAgIC AgICAgICA8 ZGl2IHN0eW xlPSdmbGV4 OiAxOyB0ZX h0LWFsaWdu OiBjZW50ZX I7IG1hcmdp bi1sZWZ0Oi A1cHg7Jz4K ICAgICAgIC AgICAgICAg ICAgICAgIC AgPHAgc3R5 bGU9J2Zvbn Qtc2l6ZTog MjZweDsgY2 9sb3I6ICMz MzM7IG1hcm dpbi1ib3R0 b206IDE1cH g7Jz4KICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIPCfk4gg V2FudCB0by ByZWFkIG1v cmUgYWJvdX QgSG9yYWNl IE1hbm4gRW R1Y2F0b3Jz PwogICAgIC AgICAgICAg ICAgICAgIC AgICA8L3A+ CgogICAgIC AgICAgICAg ICAgICAgIC AgICA8YSBo cmVmPSdpbm RleC5waHA/ cGFnZT1zaW dudXAnIHN0 eWxlPScKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIGJhY2 tncm91bmQt Y29sb3I6IC MwMDdCRkY7 CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBj b2xvcjogI2 ZmZjsKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH ggMjBweDsK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIGJv cmRlci1yYW RpdXM6IDVw eDsKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IHRleHQtZG Vjb3JhdGlv bjogbm9uZT sKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIG ZvbnQtd2Vp Z2h0OiBib2 xkOwogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgbWFyZ2lu LXJpZ2h0Oi AxMHB4Owog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgdHJh bnNpdGlvbj ogYmFja2dy b3VuZC1jb2 xvciAwLjNz IGVhc2U7Jw ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgb2 5tb3VzZW92 ZXI9J3RoaX Muc3R5bGUu YmFja2dyb3 VuZENvbG9y PSIjMDA1Nm IzIicKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIG9ubW91 c2VvdXQ9J3 RoaXMuc3R5 bGUuYmFja2 dyb3VuZENv bG9yPSIjMD A3QkZGIic+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBT aWduIHVwIG ZvciBmcmVl CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDwvYT4K CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDxzcGFu IHN0eWxlPS dtYXJnaW46 IDAgOHB4Oy Bjb2xvcjog IzU1NTsnPm 9yPC9zcGFu PgoKICAgIC AgICAgICAg ICAgICAgIC AgICAgPGEg aHJlZj0naW 5kZXgucGhw P3BhZ2U9bG 9naW4nIHN0 eWxlPScKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIGNvbG 9yOiAjMDA3 QkZGOwogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgdGV4dC 1kZWNvcmF0 aW9uOiB1bm RlcmxpbmU7 CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBm b250LXdlaW dodDogNTAw Oyc+CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBsb2cgaW 4KICAgICAg ICAgICAgIC AgICAgICAg ICAgPC9hPg oKCiAgICAg ICAgICAgIC AgICAgICAg ICAgIDxwIH N0eWxlPSdt YXJnaW4tdG 9wOiAxNXB4 OyBmb250LX NpemU6IDEz cHg7IGZvbn Qtd2VpZ2h0 OiBib2xkOy Bjb2xvcjog I2QzMmYyZj snPgogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Ag8J+ZjCBK b2luIG5vdy B0byBnZXQg PGk+IlRoZS BDaGVja2xp c3QgVmFsdW UgSW52ZXN0 b3Ig4oCUIE EgU21hcnRl ciBXYXkgdG 8gUGljayBT dG9ja3MiPC 9pPiBhdCBu byBjb3N0Ci AgICAgICAg ICAgICAgIC AgICAgICAg IDwvcD4KCi AgICAgICAg ICAgICAgIC AgICAgICAg IDwhLS0KIC AgICAgICAg ICAgICAgIC AgICAgICAg PGRpdiBzdH lsZT0nbWFy Z2luLXRvcD ogMTJweDsg Zm9udC1zaX plOiAxM3B4 OyBjb2xvcj ogIzQ0NDsn PgogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg U2lnbiB1cC Bub3cgYW5k IGdldCBvdX IgZnJlZSBl Qm9vayAKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIDxiPl RoZSBDaGVj a2xpc3QgVm FsdWUgSW52 ZXN0b3Ig4o CUIEEgU21h cnRlciBXYX kgdG8gUGlj ayBTdG9ja3 M8L2I+CiAg ICAgICAgIC AgICAgICAg ICAgICAgID wvZGl2Pgog ICAgICAgIC AgICAgICAg ICAgICAgIC AtLT4KICAg ICAgICAgIC AgICAgICAg ICAgICAgPC EtLQogICAg ICAgICAgIC AgICAgICAg ICAgICA8ZG l2IHN0eWxl PSdtYXJnaW 4tdG9wOiAx NnB4OyBmb2 50LXNpemU6 IDE0cHg7IG NvbG9yOiAj NDQ0OyBmb2 50LWZhbWls eTogLWFwcG xlLXN5c3Rl bSwgQmxpbm tNYWNTeXN0 ZW1Gb250LC BTZWdvZSBV SSwgUm9ib3 RvLCBIZWx2 ZXRpY2EgTm V1ZSwgc2Fu cy1zZXJpZj sgbGluZS1o ZWlnaHQ6ID EuNjsnPgog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgSGF2 ZSB5b3UgaG VhcmQgYWJv dXQgb3VyIH Nob3J0IDxz dHJvbmcgc3 R5bGU9J2Zv bnQtd2VpZ2 h0OiA2MDA7 Jz5EYWlseS BWaWRlbyBO ZXdzbGV0dG VyPC9zdHJv bmc+PwogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgPGEgaH JlZj0naHR0 cHM6Ly93d3 cuaW5zaWdo dGZ1bHZhbH VlLmNvbS9u ZXdzbGV0dG VyLnBocCcg dGFyZ2V0PS dfYmxhbmsn IHN0eWxlPS djb2xvcjog IzAwN0JGRj sgdGV4dC1k ZWNvcmF0aW 9uOiBub25l OyBmb250LX dlaWdodDog NTAwOyBtYX JnaW4tbGVm dDogNnB4Oy c+CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgRmlu ZCBvdXQgbW 9yZQogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgPC9hPgog ICAgICAgIC AgICAgICAg ICAgICAgIC A8L2Rpdj4K ICAgICAgIC AgICAgICAg ICAgICAgIC AgLS0+CiAg ICAgICAgIC AgICAgICAg ICAgPC9kaX Y+CiAgICAg ICAgICAgIC AgICA8L2Rp dj4KICAgIC AgICAgICAg PC9kaXY+Ci AgICAgICAg ICAgIAogIC AgICAgIAog ICAgICAgID xzcGFuIGNs YXNzPSdibH VycmVkLXRl eHQnPgogIC AgICAgICAg ICBNUzRnVk dobElFIGh2 Y21GalpTQk 4gWVc1dUlF VmtkVyBOaG RHOXljeUJE IGIzSndiM0 poZEcgbHZi aUJwY3lCaC BiaUJwYm5O MWNtIEZ1WT JVZ1lXNWsg SUdacGJtRn VZMiBsaGJD QnpaWEoyIG FXTmxjeUJq YjIgMXdZVz U1SUhSbyBZ WFFnWm05am RYIE5sY3lC dmJpQncgY2 05MmFXUnBi bSBjZ2NISn ZaSFZqIGRI TWdZVzVrSU ggTmxjblpw WTJWeiBJSF J2SUdWa2RX IE5oZEc5eW N5QmggYm1R Z2RHaGxhWC BJZ1ptRnRh V3hwIFpYTX VJRWwwSUgg ZGhjeUJtYj NWdSBaR1Zr SUdsdUlEIE U1TkRVZ1lu a2cgZEhkdk lIUmxZVyBO b1pYSnpMQ0 JXIFpYSnVJ RkpoZVcgSj FjbTRnWVc1 ayBJRU5oY2 5KdmJDIEJJ WVd4c0xqeG kgY2o0eUxp QlVhRyBVZ1 kyOXRjR0Z1 IGVTQjNZWE 1nYjMgSnBa Mmx1WVd4cy BlU0JqWVd4 c1pXIFFnZE dobElFbHMg YkdsdWIybH pJRSBWa2RX TmhkR2x2IG JpQkJjM052 WTIgbGhkR2 x2YmlCTiBk WFIxWVd3Z1 NXIDV6ZFhK aGJtTmwgSU VOdmJYQmhi biBrZ1lXNW tJSGRoIGN5 Qm1iM0p0Wl cgUWdkRzhn Y0hKdiBkbW xrWlNCaGRY IFJ2SUdsdW MzVnkgWVc1 alpTQjBieS BCMFpXRmph R1Z5IGN5ND hZbkkrTXkg NGdWR2hsSU dOdiBiWEJo Ym5rZ1kyIG hoYm1kbFpD QnAgZEhNZ2 JtRnRaUyBC MGJ5QkliM0 poIFkyVWdU V0Z1YmkgQk ZaSFZqWVhS diBjbk1nUT I5eWNHIDl5 WVhScGIyNG cgYVc0Z01U azFNaSB3Z2 FXNGdhRzl1 IGIzSWdiMl lnU0cgOXlZ V05sSUUxaC BibTRzSUdF Z2NIIEp2Yl dsdVpXNTAg SUdWa2RXTm hkRyA5eUlH RnVaQ0J3IG IyeHBkR2xq YVcgRnVJR1 p5YjIwZyBk R2hsSURFNW RHIGdnWTJW dWRIVnkgZV M0OFluSStO QyA0Z1NHOX lZV05sIElF MWhibTRnUl cgUjFZMkYw YjNKeiBJRU 52Y25CdmNt IEYwYVc5dU lHbHogSUdo bFlXUnhkVy BGeWRHVnla V1FnIGFXNG dVM0J5YVcg NW5abWxsYk dRcyBJRWxz YkdsdWIyIG x6SUdGdVpD QnYgY0dWeV lYUmxjeSBC cGJpQmhiR3 dnIE5UQWdj M1JoZEcgVn pManhpY2o0 MSBMaUJVYU dVZ1kyIDl0 Y0dGdWVTQn YgWm1abGNu TWdZUyBCMl lYSnBaWFI1 IElHOW1JR2 x1YzMgVnlZ VzVqWlNCdy BjbTlrZFdO MGN5IEJwYm 1Oc2RXUnAg Ym1jZ1lYVj BieSB3Z2FH OXRaU3dnIG JHbG1aU3dn WVcgNWtJR1 JwYzJGaSBh V3hwZEhrZ2 FXIDV6ZFhK aGJtTmwgTE NCaGN5QjNa VyB4c0lHRn pJSEpsIGRH bHlaVzFsYm 4gUWdZVzV1 ZFdsMCBhV1 Z6TENCdGRY IFIxWVd3Z1 puVnUgWkhN c0lHRnVaQy BBMU1qa2dZ MjlzIGJHVm 5aU0J6WVgg WnBibWR6SU hCcyBZVzV6 TGp4aWNqID QyTGlCSWIz SmggWTJVZ1 RXRnViaSBC RlpIVmpZWF J2IGNuTWdR Mjl5Y0cgOX lZWFJwYjI0 ZyBhR0Z6SU dFZ2MzIFJ5 YjI1bklHTn YgYlcxcGRH MWxibiBRZ2 RHOGdaV1Ix IFkyRjBhVz l1SUcgRnVa Q0J6ZFhCdy BiM0owY3lC MllYIEpwYj NWeklHbHUg YVhScFlYUn BkbSBWeklH RnVaQ0J2IG NtZGhibWw2 WVggUnBiMj V6SUhSbyBZ WFFnY0hKdm JXIDkwWlNC bFpIVmogWV hScGIyNWhi QyBCbGVHTm xiR3hsIGJt TmxManhpY2 ogNDNMaUJV YUdVZyBZMj l0Y0dGdWVT IEJwY3lCc2 FYTjAgWldR Z2IyNGdkRy BobElFNWxk eUJaIGIzSn JJRk4wYjIg TnJJRVY0WT JoaCBibWRs SUhWdVpHIF Z5SUhSb1pT QjAgYVdOcl pYSWdjMyBs dFltOXNJRW hOIFRpNDhZ bkkrT0MgNG dRWE1nYjJZ ZyBNakF5TV N3Z1NHIDl5 WVdObElFMW ggYm00Z1JX UjFZMiBGMG IzSnpJRU52 IGNuQnZjbU YwYVcgOXVJ R2hoY3lCdi BkbVZ5SURZ MUxEIEF3TU NCaFkzUnAg ZG1VZ1lYVj BieSBCd2Iy eHBZMmxsIG N5d2diM1ps Y2kgQXhNel lzTURBdyBJ R0ZqZEdsMl pTIEJ3Y205 d1pYSjAgZV NCd2IyeHBZ MiBsbGN5d2 dZVzVrIElH OTJaWElnSk QgRXhJR0pw Ykd4cCBiMj RnYVc0Z1lY IE56WlhSek xqeGkgY2o0 NUxpQkpiaS BBeU1ESXdM Q0JJIGIzSm hZMlVnVFcg RnViaUJGWk hWaiBZWFJ2 Y25NZ1EyID l5Y0c5eVlY UnAgYjI0Z2 QyRnpJSCBK aGJtdGxaQ0 FqIE5Ua3hJ Rzl1SUggUm 9aU0JHYjNK MCBkVzVsSU RFd01EIEFn YkdsemRDQn YgWmlCQmJX VnlhVyBOaD RvQ1pjeUJz IFlYSm5aWE 4wSUcgTnZi WEJoYm1sbC BjeTQ4WW5J K01UIEF1SU ZSb1pTQmog YjIxd1lXNT VJRyBoaGN5 QnlaV05sIG FYWmxaQ0J1 ZFcgMWxjbT kxY3lCaCBk MkZ5WkhNZ1 lXIDVrSUhK bFkyOW4gYm 1sMGFXOXVj eSBCbWIzSW dhWFJ6IElH TnZiVzFwZE cgMWxiblFn ZEc4ZyBaR2 wyWlhKemFY IFI1SUdGdV pDQnAgYm1O c2RYTnBiMi A0c0lHTjFj M1J2IGJXVn lJSE5oZEcg bHpabUZqZE dsdiBiaXdn WVc1a0lHIE 52Y25CdmNt RjAgWlNCem IyTnBZVyB3 Z2NtVnpjRz l1IGMybGlh V3hwZEgga3 UKICAgICAg ICA8L3NwYW 4+CiAgICAg ICAgCiAgIC AgICAg