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Live Earnings Conference Call: Horace Mann Educators will host a live Q2 2025 earnings call on August 7, 2025 at 11:00AM ET. Follow this link to get details and listen to Horace Mann Educators' Q2 2025 earnings call when it goes live. Get details.

Horace Mann Educators (HMN) Financials

Horace Mann Educators logo
$42.32 +0.26 (+0.62%)
Closing price 08/6/2025 03:59 PM Eastern
Extended Trading
$43.72 +1.40 (+3.32%)
As of 08/6/2025 06:08 PM Eastern
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Annual Income Statements for Horace Mann Educators

Annual Income Statements for Horace Mann Educators

This table shows Horace Mann Educators' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 104 93 84 169 18 -1,010 133 170 20 45 103
Consolidated Net Income / (Loss)		 104 93 84 169 18 184 133 170 20 45 103
Net Income / (Loss) Continuing Operations		 104 93 84 169 18 -1,010 133 170 20 45 103
Total Pre-Tax Income 		146 129 114 89 20 236 160 210 17 53 129
Total Revenue		 1,046 1,065 1,117 1,160 1,179 1,415 1,295 1,315 1,362 1,462 1,561
Net Interest Income / (Expense)		 -14 -13 -12 -12 -13 -16 -15 -14 -19 -30 -35
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 14 13 12 12 13 16 15 14 19 30 35
Long-Term Debt Interest Expense		 14 13 12 12 13 16 15 14 19 30 35
Total Non-Interest Income		 1,061 1,078 1,129 1,172 1,192 1,431 1,310 1,329 1,382 1,492 1,595
Other Service Charges		 4.19 3.26 4.46 6.62 10 14 24 29 9.50 14 21
Net Realized & Unrealized Capital Gains on Investments		 341 343 365 370 364 518 355 412 344 421 428
Premiums Earned		 716 732 759 795 817 898 931 889 1,028 1,057 1,146
Total Non-Interest Expense		 900 936 1,003 1,071 1,159 2,373 1,136 1,105 1,346 1,409 1,432
Property & Liability Insurance Claims		 645 679 733 781 844 798 774 751 920 975 961
Other Operating Expenses		 162 157 173 188 205 235 238 251 316 318 346
Amortization Expense		 94 99 97 102 110 118 114 104 105 116 126
Impairment Charge		 - - - - - 28 10 0.00 4.80 0.00 0.00
Income Tax Expense		 42 36 30 -81 1.19 52 26 40 -3.30 8.30 26
Basic Earnings per Share		 $2.50 $2.23 $2.04 $4.10 $0.44 $4.42 $3.18 $4.06 $0.48 $1.09 $2.49
Weighted Average Basic Shares Outstanding		 41.65M 41.92M 41.16M 41.36M 41.57M 41.70M 41.90M 42M 41.60M 41.30M 41.30M
Diluted Earnings per Share		 $2.47 $2.20 $2.02 $4.08 $0.44 $4.40 $3.17 $4.04 $0.47 $1.09 $2.48
Weighted Average Diluted Shares Outstanding		 42.23M 42.43M 41.48M 41.56M 41.89M 41.90M 42M 42.20M 41.80M 41.40M 41.50M
Weighted Average Basic & Diluted Shares Outstanding		 41.70M 41.90M 41.10M 41.30M 41.70M 41.27M 41.42M 41.35M 40.84M 40.88M 40.87M
Cash Dividends to Common per Share		 $0.92 $1.00 $1.06 $1.10 $1.14 $1.15 $1.20 $1.24 $1.28 $1.32 $1.36

Quarterly Income Statements for Horace Mann Educators

This table shows Horace Mann Educators' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 20 -17 6.60 -13 12 40 27 3.80 34 38 38
Consolidated Net Income / (Loss)		 20 -17 6.60 -13 12 40 27 3.80 34 38 38
Net Income / (Loss) Continuing Operations		 20 -17 6.60 -13 12 40 27 3.80 34 38 38
Total Pre-Tax Income 		23 -26 8.10 -16 14 47 33 4.60 43 48 48
Total Revenue		 337 341 347 350 371 394 377 379 403 401 408
Net Interest Income / (Expense)		 -5.30 -5.90 -6.70 -6.90 -7.50 -8.60 -8.70 -8.70 -8.70 -8.50 -8.90
Total Interest Income		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Expense		 5.30 5.90 6.70 6.90 7.50 8.60 8.70 8.70 8.70 8.50 8.90
Long-Term Debt Interest Expense		 5.30 5.90 6.70 6.90 7.50 8.60 8.70 8.70 8.70 8.50 8.90
Total Non-Interest Income		 343 346 354 356 379 403 386 388 412 409 416
Other Service Charges		 0.40 -0.20 1.50 4.60 2.20 5.70 3.20 4.70 6.20 6.70 5.50
Net Realized & Unrealized Capital Gains on Investments		 85 88 97 91 111 123 108 103 117 102 113
Premiums Earned		 257 259 256 261 266 275 275 281 289 301 298
Total Non-Interest Expense		 314 366 339 365 358 347 344 375 361 352 360
Property & Liability Insurance Claims		 212 249 232 256 252 235 229 261 246 225 236
Other Operating Expenses		 76 86 80 80 76 83 85 83 83 95 91
Amortization Expense		 26 27 27 29 30 30 31 31 32 33 33
Income Tax Expense		 3.00 -9.20 1.50 -2.80 1.90 7.70 6.50 0.80 8.40 10 9.30
Basic Earnings per Share		 $0.49 ($0.39) $0.16 ($0.31) $0.28 $0.96 $0.64 $0.09 $0.83 $0.93 $0.93
Weighted Average Basic Shares Outstanding		 41.40M 41.60M 41.30M 41.30M 41.30M 41.30M 41.30M 41.40M 41.20M 41.30M 41.30M
Diluted Earnings per Share		 $0.49 ($0.40) $0.16 ($0.31) $0.28 $0.96 $0.64 $0.09 $0.83 $0.92 $0.92
Weighted Average Diluted Shares Outstanding		 41.60M 41.80M 41.40M 41.40M 41.40M 41.40M 41.50M 41.60M 41.40M 41.50M 41.60M
Weighted Average Basic & Diluted Shares Outstanding		 40.90M 40.84M 40.84M 40.84M 40.84M 40.88M 40.96M 40.77M 40.76M 40.87M 40.78M
Cash Dividends to Common per Share		 $0.32 - $0.33 - - - $0.34 - - - $0.35

Annual Cash Flow Statements for Horace Mann Educators

This table details how cash moves in and out of Horace Mann Educators' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -6.51 3.83 1.16 -9.04 4.28 14 -3.20 111 -91 -13 8.40
Net Cash From Operating Activities		 222 208 211 257 201 128 260 205 172 302 452
Net Cash From Continuing Operating Activities		 222 208 211 257 201 128 260 205 172 302 452
Net Income / (Loss) Continuing Operations		 0.00 0.00 0.00 0.00 0.00 184 133 170 20 45 103
Consolidated Net Income / (Loss)		 - - - - - 184 133 170 20 45 103
Depreciation Expense		 - - - 6.62 7.36 16 23 18 28 26 26
Non-Cash Adjustments to Reconcile Net Income		 222 208 211 175 22 -121 24 -19 99 18 55
Changes in Operating Assets and Liabilities, net		 - - - 89 181 48 79 35 26 213 268
Net Cash From Investing Activities		 -566 -416 -325 -229 -186 56 -407 -302 -215 -107 -136
Net Cash From Continuing Investing Activities		 -566 -416 -325 -229 -186 56 -407 -302 -215 -107 -136
Purchase of Investment Securities		 -1,325 -1,582 -1,696 -1,730 -1,592 -1,675 -1,564 -1,845 -1,542 -837 -1,192
Sale and/or Maturity of Investments		 760 1,166 1,371 1,502 1,406 1,730 1,157 1,543 1,327 730 1,056
Net Cash From Financing Activities		 337 212 115 -37 -10 -170 144 209 -48 -208 -308
Net Cash From Continuing Financing Activities		 337 212 115 -37 -10 -170 144 208 -48 -208 -308
Net Change in Deposits		 - - - - 0.00 -150 -21 -39 -67 -115 -162
Issuance of Debt		 0.00 250 11 50 22 135 4.00 119 0.00 298 15
Repayment of Debt		 -1.16 -240 - -4.75 0.00 -330 7.30 -416 -144 -511 -270
Repurchase of Common Equity		 -5.41 -22 -22 -1.66 -5.09 0.00 -2.20 -5.30 -24 -6.50 -8.60
Payment of Dividends		 -39 -43 -44 -46 -47 -47 -50 -51 -53 -54 -56
Other Financing Activities, Net		 383 267 170 -34 20 222 206 601 240 181 174

Quarterly Cash Flow Statements for Horace Mann Educators

This table details how cash moves in and out of Horace Mann Educators' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 -14 6.60 -15 -4.30 11 -4.80 -9.30 -5.80 25 -1.70 -7.80
Net Cash From Operating Activities		 36 56 86 68 45 103 75 40 144 194 141
Net Cash From Continuing Operating Activities		 36 56 86 68 45 103 75 40 144 194 141
Net Income / (Loss) Continuing Operations		 20 -17 6.60 -13 12 40 27 3.80 34 38 38
Consolidated Net Income / (Loss)		 20 -17 6.60 -13 12 40 27 3.80 34 38 38
Depreciation Expense		 13 6.90 6.60 6.30 6.60 6.70 6.60 6.40 6.40 7.00 7.00
Non-Cash Adjustments to Reconcile Net Income		 23 42 22 18 5.90 -27 9.50 13 -14 47 11
Changes in Operating Assets and Liabilities, net		 -20 24 52 57 21 84 32 17 117 102 85
Net Cash From Investing Activities		 0.20 81 -95 51 -41 -22 -60 -28 -44 -4.40 -35
Net Cash From Continuing Investing Activities		 0.20 81 -95 51 -41 -22 -60 -28 -44 -4.40 -35
Purchase of Investment Securities		 -256 -235 -235 -168 -270 -164 -290 -288 -270 -344 -283
Sale and/or Maturity of Investments		 256 316 140 218 229 143 230 260 226 339 248
Net Cash From Financing Activities		 -50 -130 -6.50 -123 7.10 -86 -24 -18 -75 -191 -114
Net Cash From Continuing Financing Activities		 -50 -130 -6.50 -123 7.10 -86 -24 -18 -75 -191 -114
Net Change in Deposits		 -8.00 -35 -24 -29 -26 -36 -49 19 -5.20 -127 -37
Issuance of Debt		 92 -99 -6.70 -63 300 68 51 -48 44 -33 -6.70
Repayment of Debt		 -84 -45 -85 - -254 -173 -50 -105 -15 -100 -287
Repurchase of Common Equity		 -10 - -4.40 -1.10 -1.00 - 0.00 -4.50 -4.10 - -0.20
Payment of Dividends		 -13 -13 -14 -14 -13 -14 -14 -14 -14 -14 -14
Other Financing Activities, Net		 -27 61 127 -16 0.60 69 38 134 -80 83 232

Annual Balance Sheets for Horace Mann Educators

This table presents Horace Mann Educators' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 9,769 10,057 10,577 11,198 11,032 12,479 13,472 14,384 13,306 14,050 14,488
Cash and Due from Banks		 12 16 17 7.63 12 26 22 - 43 30 38
Trading Account Securities		 7,403 7,648 7,999 8,105 7,922 5,894 6,467 6,387 5,285 5,322 5,454
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deferred Acquisition Cost		 215 253 268 258 299 277 230 248 331 336 347
Separate Account Business Assets		 1,814 1,801 1,924 2,152 2,001 2,490 2,891 - 2,792 3,294 3,709
Goodwill		 47 47 47 47 47 49 44 44 54 54 54
Intangible Assets		 - - - - 0.00 177 159 145 185 170 156
Other Assets		 277 292 322 628 751 3,566 3,659 288 4,616 4,844 4,729
Total Liabilities & Shareholders' Equity		 9,769 10,057 10,577 11,198 11,032 12,479 13,472 14,384 13,306 14,050 14,488
Total Liabilities		 8,432 8,792 9,283 9,697 9,741 10,911 11,682 931 12,208 12,875 13,200
Long-Term Debt		 200 247 247 297 298 298 302 254 249 546 547
Claims and Claim Expense		 326 324 330 348 397 443 439 - 564 582 569
Future Policy Benefits		 4,802 5,127 5,448 5,574 5,711 6,234 6,445 - 1,718 1,762 1,623
Unearned Premiums Liability		 223 233 246 261 276 279 265 - 266 301 344
Participating Policy Holder Equity		 607 693 709 724 768 647 751 - 6,070 6,103 6,096
Separate Account Business Liabilities		 1,814 1,801 1,924 2,152 2,001 2,490 2,891 - 2,792 3,294 3,709
Other Long-Term Liabilities		 422 369 379 341 290 384 453 428 300 287 312
Total Equity & Noncontrolling Interests		 1,336 1,265 1,294 1,502 1,291 1,567 1,790 2,301 1,098 1,175 1,288
Total Preferred & Common Equity		 1,336 1,265 1,294 1,502 1,291 1,567 1,790 1,807 1,098 1,175 1,288
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,336 1,265 1,294 1,502 1,291 1,567 1,790 2,301 1,098 1,175 1,288
Common Stock		 422 443 454 464 475 481 489 495 503 511 525
Retained Earnings		 1,065 1,116 1,156 1,231 1,217 1,353 1,435 1,525 1,512 1,502 1,548
Treasury Stock		 -436 -458 -479 -481 -486 -486 -488 - -517 -524 -533
Accumulated Other Comprehensive Income / (Loss)		 285 163 164 287 85 220 355 281 -458 -336 -364
Other Equity Adjustments		 - - - - - - - - 59 22 111

Quarterly Balance Sheets for Horace Mann Educators

This table presents Horace Mann Educators' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
Total Assets		 13,314 13,654 13,672 13,413 14,236 14,282 14,714 14,396
Cash and Due from Banks		 36 - 23 35 20 15 40 30
Trading Account Securities		 5,386 99 5,298 5,039 5,427 5,428 5,662 5,522
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deferred Acquisition Cost		 440 332 333 335 337 342 345 349
Separate Account Business Assets		 2,600 - 3,099 2,974 3,517 3,545 3,733 3,568
Goodwill		 56 54 54 54 54 54 54 54
Intangible Assets		 192 182 178 174 167 163 159 152
Other Assets		 4,604 3,897 4,688 4,802 4,713 4,736 4,720 4,720
Total Liabilities & Shareholders' Equity		 13,314 13,654 13,672 13,413 14,236 14,282 14,714 14,396
Total Liabilities		 12,238 2,864 12,570 12,361 13,025 13,073 13,427 13,053
Long-Term Debt		 249 249 249 546 546 547 547 547
Claims and Claim Expense		 482 - 598 587 584 597 597 577
Future Policy Benefits		 7,068 1,772 1,741 1,613 1,702 1,655 1,746 1,636
Unearned Premiums Liability		 267 263 273 296 300 320 345 337
Participating Policy Holder Equity		 1,001 - 6,107 6,120 6,079 6,070 6,095 6,085
Separate Account Business Liabilities		 2,600 - 3,099 2,974 3,517 3,545 3,733 3,568
Other Long-Term Liabilities		 323 330 256 225 297 341 365 303
Total Equity & Noncontrolling Interests		 1,077 1,643 1,102 1,051 1,211 1,209 1,287 1,343
Total Preferred & Common Equity		 1,077 1,139 1,102 1,051 1,211 1,209 1,287 1,343
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,077 1,643 1,102 1,051 1,211 1,209 1,287 1,343
Common Stock		 501 503 506 509 513 516 518 526
Retained Earnings		 1,500 1,505 1,479 1,477 1,514 1,504 1,524 1,572
Treasury Stock		 -517 - -523 -524 -524 -528 -533 -533
Accumulated Other Comprehensive Income / (Loss)		 -407 -365 -403 -544 -356 -378 -245 -322
Other Equity Adjustments		 - - 43 134 63 95 22 99

Annual Metrics And Ratios for Horace Mann Educators

This table displays calculated financial ratios and metrics derived from Horace Mann Educators' official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 2.90% 1.77% 4.89% 3.80% 1.64% 20.05% -8.46% 1.56% 3.56% 7.34% 6.73%
EBITDA Growth		 0.51% -4.82% -7.62% -61.17% -79.49% -5,708.07% 119.42% 24.86% -80.70% 80.27% 94.97%
EBIT Growth		 -5.16% -11.40% -11.76% -22.36% -77.97% -5,001.98% 116.66% 31.64% -92.15% 223.03% 141.28%
NOPAT Growth		 -6.00% -10.32% -10.39% 102.30% -89.18% 905.29% -27.71% 27.83% -88.38% 127.27% 128.44%
Net Income Growth		 -6.00% -10.32% -10.39% 102.30% -89.18% 905.29% -27.71% 27.83% -88.38% 127.27% 128.44%
EPS Growth		 -7.14% -10.93% -8.18% 101.98% -89.22% 900.00% -27.95% 27.44% -88.37% 131.91% 127.52%
Operating Cash Flow Growth		 7.77% -6.41% 1.79% 21.36% -21.71% -36.48% 103.61% -21.13% -16.30% 76.15% 49.65%
Free Cash Flow Firm Growth		 -151.68% 217.50% -65.31% -263.05% 359.18% -199.36% 58.80% -12,223.17% 207.11% -100.65% 87.00%
Invested Capital Growth		 17.74% -3.99% 1.96% 16.73% -11.71% 25.94% 11.35% 526.55% -88.56% 7.83% 6.58%
Revenue Q/Q Growth		 0.96% 0.44% 0.87% 1.76% 0.00% 0.00% 2.22% -1.53% 0.99% 3.82% 0.40%
EBITDA Q/Q Growth		 -1.31% -5.17% -1.25% -54.05% -84.39% -639.78% 117.78% 439.52% -89.58% 1,104.55% 0.91%
EBIT Q/Q Growth		 -4.15% -9.88% -0.67% 9.83% 0.00% 0.00% 115.16% 333.70% -95.89% 369.19% 0.86%
NOPAT Q/Q Growth		 -3.89% -8.81% -1.43% 164.97% -88.81% 40.56% 12.53% 13.52% -81.07% 424.68% -1.25%
Net Income Q/Q Growth		 -3.89% -8.81% -1.43% 164.97% 0.00% 0.00% 12.53% 13.52% -81.07% 501.79% -1.25%
EPS Q/Q Growth		 -3.14% -9.47% -0.98% 166.67% -88.83% 40.58% 12.01% 13.48% -81.05% 503.70% -1.59%
Operating Cash Flow Q/Q Growth		 0.58% -14.66% 14.02% -9.59% -15.19% -33.07% 38.07% 20.46% 20.27% 18.52% 25.06%
Free Cash Flow Firm Q/Q Growth		 -46.74% 86.89% 188.74% -175.33% 14.64% 18.26% -309.53% -9,892.76% 1,631.11% -117.63% 92.13%
Invested Capital Q/Q Growth		 3.15% -2.17% -8.87% 9.84% -0.85% -0.56% 3.46% 538.70% 1.38% 7.76% 0.04%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 22.93% 21.44% 18.88% 7.06% 1.43% -66.58% 14.13% 17.37% 3.24% 5.44% 9.93%
EBIT Margin		 13.96% 12.16% 10.23% 7.65% 1.66% -67.69% 12.32% 15.97% 1.21% 3.65% 8.24%
Profit (Net Income) Margin		 9.96% 8.78% 7.50% 14.61% 1.56% 13.03% 10.29% 12.95% 1.45% 3.08% 6.59%
Tax Burden Percent		 71.34% 72.21% 73.33% 191.08% 93.89% 78.00% 83.52% 81.10% 120.00% 84.43% 79.94%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% -24.68% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 28.66% 27.79% 26.67% -91.08% 6.11% 22.00% 16.48% 18.90% -20.00% 15.57% 20.06%
Return on Invested Capital (ROIC)		 7.16% 6.06% 5.49% 10.15% 1.08% 10.28% 6.31% 2.11% 0.25% 2.71% 5.78%
ROIC Less NNEP Spread (ROIC-NNEP)		 7.16% 6.06% 5.49% 10.15% 1.08% 10.28% 6.31% 2.11% 0.25% 2.71% 5.78%
Return on Net Nonoperating Assets (RNNOA)		 1.40% 1.13% 1.06% 1.98% 0.23% 2.63% 1.63% 6.22% 0.91% 1.25% 2.57%
Return on Equity (ROE)		 8.56% 7.19% 6.55% 12.12% 1.31% 12.90% 7.94% 8.33% 1.17% 3.96% 8.35%
Cash Return on Invested Capital (CROIC)		 -9.13% 10.13% 3.55% -5.29% 13.53% -12.69% -4.44% -142.84% 159.20% -4.82% -0.59%
Operating Return on Assets (OROA)		 1.57% 1.31% 1.11% 0.81% 0.18% -8.15% 1.23% 1.51% 0.12% 0.39% 0.90%
Return on Assets (ROA)		 1.12% 0.94% 0.81% 1.56% 0.17% 1.57% 1.03% 1.22% 0.14% 0.33% 0.72%
Return on Common Equity (ROCE)		 8.56% 7.19% 6.55% 12.12% 1.31% 12.90% 7.94% 8.33% 1.17% 3.96% 8.35%
Return on Equity Simple (ROE_SIMPLE)		 7.80% 7.39% 6.47% 11.29% 1.42% 11.77% 7.45% 9.43% 1.80% 3.83% 7.98%
Net Operating Profit after Tax (NOPAT)		 104 93 84 169 18 184 133 170 20 45 103
NOPAT Margin		 9.96% 8.78% 7.50% 14.61% 1.56% 13.03% 10.29% 12.95% 1.45% 3.08% 6.59%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 86.04% 87.84% 89.77% 92.35% 98.34% 167.69% 87.68% 84.03% 98.79% 96.35% 91.76%
Earnings before Interest and Taxes (EBIT)		 146 129 114 89 20 -958 160 210 17 53 129
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 240 228 211 82 17 -942 183 229 44 80 155
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.77 0.82 1.05 0.97 0.99 0.98 0.86 0.63 1.28 1.09 1.24
Price to Tangible Book Value (P/TBV)		 0.80 0.85 1.09 1.00 1.02 1.15 0.97 0.69 1.64 1.35 1.48
Price to Revenue (P/Rev)		 0.99 0.97 1.21 1.25 1.08 1.09 1.18 1.11 1.04 0.88 1.02
Price to Earnings (P/E)		 9.89 11.03 16.17 8.56 69.42 0.00 11.50 8.56 71.27 28.57 15.55
Dividend Yield		 3.74% 3.95% 3.15% 3.08% 3.67% 3.09% 3.24% 3.53% 3.71% 4.19% 3.47%
Earnings Yield		 10.11% 9.06% 6.19% 11.68% 1.44% 0.00% 8.69% 11.68% 1.40% 3.50% 6.43%
Enterprise Value to Invested Capital (EV/IC)		 0.80 0.84 1.03 0.97 0.98 0.97 0.87 0.14 1.17 1.05 1.15
Enterprise Value to Revenue (EV/Rev)		 1.20 1.19 1.42 1.50 1.32 1.37 1.50 1.49 1.37 1.23 1.35
Enterprise Value to EBITDA (EV/EBITDA)		 5.24 5.53 7.51 21.24 92.81 0.00 10.65 8.58 42.32 22.66 13.60
Enterprise Value to EBIT (EV/EBIT)		 8.60 9.76 13.87 19.62 79.81 0.00 12.21 9.34 113.11 33.80 16.39
Enterprise Value to NOPAT (EV/NOPAT)		 12.06 13.51 18.92 10.27 85.00 10.54 14.62 11.51 94.26 40.04 20.50
Enterprise Value to Operating Cash Flow (EV/OCF)		 5.66 6.08 7.50 6.78 7.76 15.23 7.50 9.57 10.88 5.96 4.66
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 8.08 29.23 0.00 6.81 0.00 0.00 0.00 0.15 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.18 0.20 0.19 0.20 0.23 0.28 0.24 0.22 0.45 0.46 0.42
Long-Term Debt to Equity		 0.15 0.20 0.19 0.20 0.23 0.19 0.17 0.11 0.23 0.46 0.42
Financial Leverage		 0.20 0.19 0.19 0.19 0.21 0.26 0.26 2.96 3.58 0.46 0.44
Leverage Ratio		 7.63 7.62 8.06 7.79 7.96 8.23 7.73 6.81 8.15 12.03 11.59
Compound Leverage Factor		 7.63 7.62 8.06 7.79 7.96 -2.03 7.73 6.81 8.15 12.03 11.59
Debt to Total Capital		 15.11% 16.34% 16.04% 16.53% 18.75% 21.65% 19.63% 17.93% 31.20% 31.72% 29.82%
Short-Term Debt to Total Capital		 2.41% 0.00% 0.00% 0.00% 0.00% 6.75% 6.06% 8.88% 15.60% 0.00% 0.00%
Long-Term Debt to Total Capital		 12.70% 16.34% 16.04% 16.53% 18.75% 14.90% 13.57% 9.05% 15.60% 31.72% 29.82%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 84.89% 83.66% 83.96% 83.47% 81.25% 78.35% 80.37% 82.07% 68.80% 68.28% 70.18%
Debt to EBITDA		 0.99 1.08 1.17 3.63 17.72 -0.46 2.39 2.20 11.29 6.87 3.53
Net Debt to EBITDA		 0.94 1.01 1.09 3.54 17.01 -0.43 2.27 2.20 10.32 6.49 3.28
Long-Term Debt to EBITDA		 0.83 1.08 1.17 3.63 17.72 -0.32 1.65 1.11 5.65 6.87 3.53
Debt to NOPAT		 2.28 2.64 2.95 1.76 16.23 2.35 3.28 2.95 25.15 12.13 5.32
Net Debt to NOPAT		 2.17 2.48 2.75 1.71 15.58 2.21 3.11 2.95 22.99 11.47 4.95
Long-Term Debt to NOPAT		 1.92 2.64 2.95 1.76 16.23 1.62 2.27 1.49 12.58 12.13 5.32
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -133 156 54 -88 229 -228 -94 -11,558 12,379 -80 -10
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 -9.37 11.91 4.59 -7.40 17.62 -14.59 -6.17 -831.50 638.10 -2.69 -0.30
Operating Cash Flow to Interest Expense		 15.63 15.83 17.91 21.48 15.45 8.18 17.09 14.74 8.84 10.17 13.07
Operating Cash Flow Less CapEx to Interest Expense		 15.63 15.83 17.91 21.48 15.45 8.18 17.09 14.74 8.84 10.17 13.07
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.11 0.11 0.11 0.11 0.11 0.12 0.10 0.09 0.10 0.11 0.11
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,574 1,512 1,541 1,799 1,588 2,000 2,227 13,956 1,596 1,721 1,835
Invested Capital Turnover		 0.72 0.69 0.73 0.69 0.70 0.79 0.61 0.16 0.18 0.88 0.88
Increase / (Decrease) in Invested Capital		 237 -63 30 258 -211 412 227 11,728 -12,359 125 113
Enterprise Value (EV)		 1,257 1,263 1,585 1,740 1,559 1,943 1,948 1,961 1,866 1,802 2,108
Market Capitalization		 1,031 1,031 1,354 1,450 1,273 1,536 1,533 1,459 1,411 1,285 1,599
Book Value per Share		 $31.89 $31.07 $32.18 $36.92 $31.52 $38.02 $43.23 $55.46 $26.85 $28.78 $31.59
Tangible Book Value per Share		 $30.75 $29.91 $31.00 $35.76 $30.36 $32.53 $38.35 $50.90 $21.00 $23.28 $26.43
Total Capital		 1,574 1,512 1,541 1,799 1,588 2,000 2,227 2,803 1,596 1,721 1,835
Total Debt		 238 247 247 297 298 433 437 503 498 546 547
Total Long-Term Debt		 200 247 247 297 298 298 302 254 249 546 547
Net Debt		 226 231 231 290 286 408 415 503 455 516 509
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 238 247 247 297 298 433 437 11,655 498 546 547
Total Depreciation and Amortization (D&A)		 94 99 97 -6.77 -2.74 16 23 18 28 26 26
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.50 $2.23 $2.04 $4.10 $0.44 $4.42 $3.18 $3.40 ($0.06) $1.09 $2.49
Adjusted Weighted Average Basic Shares Outstanding		 41.65M 41.91M 41.16M 41.37M 41.57M 41.74M 41.88M 42M 41.60M 41.30M 41.30M
Adjusted Diluted Earnings per Share		 $2.47 $2.20 $2.02 $4.08 $0.44 $4.40 $3.17 $3.39 ($0.06) $1.09 $2.48
Adjusted Weighted Average Diluted Shares Outstanding		 42.23M 42.42M 41.48M 41.57M 41.89M 41.95M 42.04M 42.20M 41.80M 41.40M 41.50M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 41.09M 40.39M 40.34M 40.78M 40.99M 41.27M 41.42M 41.35M 40.84M 40.88M 40.87M
Normalized Net Operating Profit after Tax (NOPAT)		 104 93 84 62 18 206 142 170 15 45 103
Normalized NOPAT Margin		 9.96% 8.78% 7.50% 5.35% 1.56% 14.58% 10.94% 12.95% 1.09% 3.08% 6.59%
Pre Tax Income Margin		 13.96% 12.16% 10.23% 7.65% 1.66% 16.71% 12.32% 15.97% 1.21% 3.65% 8.24%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 10.29 9.87 9.67 7.42 1.50 -61.39 10.50 15.12 0.85 1.79 3.72
NOPAT to Interest Expense		 7.34 7.12 7.09 14.18 1.41 11.82 8.77 12.26 1.02 1.52 2.97
EBIT Less CapEx to Interest Expense		 10.29 9.87 9.67 7.42 1.50 -61.39 10.50 15.12 0.85 1.79 3.72
NOPAT Less CapEx to Interest Expense		 7.34 7.12 7.09 14.18 1.41 11.82 8.77 12.26 1.02 1.52 2.97
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 37.64% 45.49% 52.90% 27.21% 254.53% 25.65% 37.21% 30.16% 265.66% 119.78% 53.99%
Augmented Payout Ratio		 42.83% 68.97% 78.58% 28.19% 282.27% 25.65% 38.86% 33.27% 386.87% 134.22% 62.35%

Quarterly Metrics And Ratios for Horace Mann Educators

This table displays calculated financial ratios and metrics derived from Horace Mann Educators' official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 3.40% 4.10% 1.28% 2.31% 10.05% 15.80% 8.67% 8.56% 8.67% 1.57% 8.00%
EBITDA Growth		 47.15% -105.27% -48.96% -389.47% -44.20% 383.68% 169.39% 218.28% 143.07% 2.60% 37.63%
EBIT Growth		 23.16% -107.22% -67.60% -160.00% -41.88% 282.24% 307.41% 129.49% 213.97% 2.33% 43.94%
NOPAT Growth		 25.15% -126.62% -67.49% -160.00% -42.65% 317.87% 301.52% 134.80% 193.16% -3.29% 44.15%
Net Income Growth		 25.15% -124.52% -67.49% -204.76% -42.65% 336.53% 301.52% 129.69% 193.16% -3.29% 44.15%
EPS Growth		 25.64% -124.84% -66.67% -210.00% -42.86% 340.00% 300.00% 129.03% 196.43% -4.17% 43.75%
Operating Cash Flow Growth		 -41.79% 107.84% -9.72% 529.94% 26.54% 84.74% -13.77% -40.44% 217.66% 88.05% 88.99%
Free Cash Flow Firm Growth		 4,099.37% 205.84% -8,418.90% -68.59% -101.78% -100.69% 203.41% -203.08% -1,703.57% 12.28% -100.99%
Invested Capital Growth		 -27.94% -88.56% 453.49% -8.98% 1.45% 7.83% -84.43% 9.71% 14.79% 6.58% 7.53%
Revenue Q/Q Growth		 -1.26% 0.95% 1.97% 0.66% 6.21% 6.22% -4.31% 0.56% 6.33% -0.72% 1.75%
EBITDA Q/Q Growth		 2,005.26% -152.49% 177.37% -163.27% 317.20% 166.83% -26.53% -72.22% 346.36% 12.63% -1.45%
EBIT Q/Q Growth		 490.00% -210.68% 131.27% -292.59% 187.18% 247.06% -30.08% -86.06% 828.26% 13.11% -1.66%
NOPAT Q/Q Growth		 585.71% -188.87% 136.40% -265.45% 207.14% 237.61% -32.91% -85.66% 802.63% 11.37% 0.00%
Net Income Q/Q Growth		 585.71% -181.86% 139.52% -293.94% 191.41% 237.61% -32.91% -85.66% 802.63% 11.37% 0.00%
EPS Q/Q Growth		 590.00% -181.63% 140.00% -293.75% 190.32% 242.86% -33.33% -85.94% 822.22% 10.84% 0.00%
Operating Cash Flow Q/Q Growth		 328.03% 55.59% 55.12% -21.88% -32.89% 127.15% -27.60% -46.04% 257.96% 34.47% -27.24%
Free Cash Flow Firm Q/Q Growth		 34.81% 1,856.14% -174.89% 101.59% -107.62% -663.39% 11,278.13% -101.59% -33.33% 62.87% -25.60%
Invested Capital Q/Q Growth		 -10.43% 1.38% 607.16% -85.83% -0.16% 7.76% 2.11% -0.13% 4.47% 0.04% 3.03%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 10.73% -5.58% 4.23% -2.66% 5.44% 13.67% 10.50% 2.90% 12.17% 13.81% 13.37%
EBIT Margin		 6.94% -7.61% 2.33% -4.46% 3.66% 11.97% 8.75% 1.21% 10.59% 12.06% 11.66%
Profit (Net Income) Margin		 6.05% -4.90% 1.90% -3.66% 3.15% 10.02% 7.02% 1.00% 8.50% 9.54% 9.37%
Tax Burden Percent		 87.18% 64.48% 81.48% 82.05% 86.03% 83.69% 80.30% 82.61% 80.33% 79.09% 80.42%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 12.82% 0.00% 18.52% 0.00% 13.97% 16.31% 19.70% 17.39% 19.67% 20.91% 19.58%
Return on Invested Capital (ROIC)		 4.34% -0.93% 0.39% -2.56% 2.80% 8.83% 1.61% 0.91% 7.70% 8.37% 8.18%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.34% -0.91% 0.39% -2.94% 2.80% 8.83% 1.61% 0.91% 7.70% 8.37% 8.18%
Return on Net Nonoperating Assets (RNNOA)		 1.34% -3.25% 1.24% -1.24% 1.37% 4.05% 5.74% 0.41% 3.60% 3.72% 3.50%
Return on Equity (ROE)		 5.68% -4.18% 1.63% -3.80% 4.17% 12.89% 7.34% 1.32% 11.30% 12.09% 11.68%
Cash Return on Invested Capital (CROIC)		 38.04% 159.20% -138.79% 8.99% -2.32% -4.82% 147.11% -4.40% -7.71% -0.59% -0.98%
Operating Return on Assets (OROA)		 0.68% -0.75% 0.23% -0.45% 0.39% 1.28% 0.94% 0.13% 1.17% 1.32% 1.30%
Return on Assets (ROA)		 0.59% -0.48% 0.19% -0.37% 0.33% 1.07% 0.75% 0.11% 0.94% 1.04% 1.04%
Return on Common Equity (ROCE)		 5.68% -4.18% 1.63% -3.80% 4.17% 12.89% 7.34% 1.32% 11.30% 12.09% 11.68%
Return on Equity Simple (ROE_SIMPLE)		 9.72% 0.00% 0.54% -0.23% -1.07% 0.00% 5.36% 6.74% 8.09% 0.00% 8.53%
Net Operating Profit after Tax (NOPAT)		 20 -18 6.60 -11 12 40 27 3.80 34 38 38
NOPAT Margin		 6.05% -5.32% 1.90% -3.12% 3.15% 10.02% 7.02% 1.00% 8.50% 9.54% 9.37%
Net Nonoperating Expense Percent (NNEP)		 0.00% -0.02% 0.00% 0.38% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 93.06% 107.61% 97.67% 104.46% 96.34% 88.03% 91.25% 98.79% 89.42% 87.94% 88.34%
Earnings before Interest and Taxes (EBIT)		 23 -26 8.10 -16 14 47 33 4.60 43 48 48
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 36 -19 15 -9.30 20 54 40 11 49 55 55
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.25 1.28 0.79 1.06 1.10 1.09 1.23 1.11 1.11 1.24 1.30
Price to Tangible Book Value (P/TBV)		 1.62 1.64 0.92 1.34 1.40 1.35 1.51 1.35 1.33 1.48 1.54
Price to Revenue (P/Rev)		 1.00 1.04 0.95 0.85 0.82 0.88 1.00 0.88 0.92 1.02 1.10
Price to Earnings (P/E)		 3.56 71.27 212.80 0.00 0.00 28.57 23.04 16.40 13.69 15.55 15.25
Dividend Yield		 3.86% 3.71% 4.06% 4.57% 4.64% 4.19% 3.63% 4.11% 3.86% 3.47% 3.21%
Earnings Yield		 28.13% 1.40% 0.47% 0.00% 0.00% 3.50% 4.34% 6.10% 7.31% 6.43% 6.56%
Enterprise Value to Invested Capital (EV/IC)		 1.15 1.17 0.16 1.02 1.04 1.05 1.15 1.06 1.05 1.15 1.20
Enterprise Value to Revenue (EV/Rev)		 1.34 1.37 1.31 1.19 1.18 1.23 1.35 1.23 1.24 1.35 1.42
Enterprise Value to EBITDA (EV/EBITDA)		 4.27 42.32 59.87 72.46 252.24 22.66 19.36 14.98 12.58 13.60 13.32
Enterprise Value to EBIT (EV/EBIT)		 4.51 113.11 0.00 0.00 0.00 33.80 25.85 18.99 15.15 16.39 15.82
Enterprise Value to NOPAT (EV/NOPAT)		 17.28 94.26 0.00 0.00 0.00 40.04 31.14 22.92 18.56 20.50 19.77
Enterprise Value to Operating Cash Flow (EV/OCF)		 12.67 10.88 11.07 6.67 6.53 5.96 6.96 7.11 5.34 4.66 4.37
Enterprise Value to Free Cash Flow (EV/FCFF)		 2.53 0.15 0.00 10.85 0.00 0.00 0.21 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.46 0.45 0.30 0.45 0.52 0.46 0.45 0.45 0.42 0.42 0.41
Long-Term Debt to Equity		 0.23 0.23 0.15 0.23 0.52 0.46 0.45 0.45 0.42 0.42 0.41
Financial Leverage		 0.31 3.58 3.19 0.42 0.49 0.46 3.57 0.45 0.47 0.44 0.43
Leverage Ratio		 9.60 8.15 8.83 11.61 12.56 12.03 9.77 12.10 12.03 11.59 11.21
Compound Leverage Factor		 9.60 8.15 8.83 11.61 12.56 12.03 9.77 12.10 12.03 11.59 11.21
Debt to Total Capital		 31.62% 31.20% 23.26% 31.13% 34.19% 31.72% 31.08% 31.13% 29.81% 29.82% 28.95%
Short-Term Debt to Total Capital		 15.81% 15.60% 11.63% 15.56% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 15.81% 15.60% 11.63% 15.57% 34.19% 31.72% 31.08% 31.13% 29.81% 29.82% 28.95%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 68.38% 68.80% 76.74% 68.87% 65.81% 68.28% 68.92% 68.87% 70.19% 70.18% 71.05%
Debt to EBITDA		 1.18 11.29 16.60 22.04 82.74 6.87 5.23 4.38 3.56 3.53 3.22
Net Debt to EBITDA		 1.09 10.32 16.60 21.02 77.52 6.49 5.04 4.27 3.30 3.28 3.04
Long-Term Debt to EBITDA		 0.59 5.65 8.30 11.02 82.74 6.87 5.23 4.38 3.56 3.53 3.22
Debt to NOPAT		 4.76 25.15 -1,778.57 -71.16 -39.40 12.13 8.42 6.71 5.25 5.32 4.78
Net Debt to NOPAT		 4.41 22.99 -1,778.57 -67.86 -36.91 11.47 8.10 6.53 4.87 4.95 4.51
Long-Term Debt to NOPAT		 2.38 12.58 -889.29 -35.59 -39.40 12.13 8.42 6.71 5.25 5.32 4.78
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 631 12,341 -9,242 147 -11 -86 9,557 -152 -202 -75 -94
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 119.04 2,091.74 -1,379.45 21.30 -1.49 -9.94 1,098.54 -17.41 -23.22 -8.82 -10.58
Operating Cash Flow to Interest Expense		 6.75 9.44 12.90 9.78 6.04 11.97 8.56 4.62 16.54 22.76 15.82
Operating Cash Flow Less CapEx to Interest Expense		 6.75 9.44 12.90 9.78 6.04 11.97 8.56 4.62 16.54 22.76 15.82
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.10 0.10 0.10 0.10 0.11 0.11 0.11 0.11 0.11 0.11 0.11
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,575 1,596 11,288 1,600 1,597 1,721 1,758 1,755 1,834 1,835 1,890
Invested Capital Turnover		 0.72 0.18 0.21 0.82 0.89 0.88 0.23 0.91 0.91 0.88 0.87
Increase / (Decrease) in Invested Capital		 -611 -12,359 9,249 -158 23 125 -9,531 155 236 113 132
Enterprise Value (EV)		 1,807 1,866 1,796 1,638 1,665 1,802 2,021 1,868 1,932 2,108 2,263
Market Capitalization		 1,345 1,411 1,298 1,163 1,153 1,285 1,495 1,336 1,425 1,599 1,746
Book Value per Share		 $26.32 $26.85 $40.24 $26.98 $25.74 $28.78 $29.33 $29.51 $31.57 $31.59 $32.85
Tangible Book Value per Share		 $20.25 $21.00 $34.46 $21.30 $20.15 $23.28 $23.98 $24.20 $26.33 $26.43 $27.80
Total Capital		 1,575 1,596 2,141 1,600 1,597 1,721 1,758 1,755 1,834 1,835 1,890
Total Debt		 498 498 498 498 546 546 546 547 547 547 547
Total Long-Term Debt		 249 249 249 249 546 546 546 547 547 547 547
Net Debt		 462 455 498 475 512 516 526 532 507 509 517
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 0.00 -1.43 0.00 1.88 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 498 498 9,645 498 546 546 546 547 547 547 547
Total Depreciation and Amortization (D&A)		 13 6.90 6.60 6.30 6.60 6.70 6.60 6.40 6.40 7.00 7.00
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.33 ($0.39) $0.16 ($0.31) $0.28 $0.96 $0.64 $0.09 $0.83 $0.93 $0.93
Adjusted Weighted Average Basic Shares Outstanding		 41.40M 41.60M 41.30M 41.30M 41.30M 41.30M 41.30M 41.40M 41.20M 41.30M 41.30M
Adjusted Diluted Earnings per Share		 $0.33 ($0.40) $0.16 ($0.31) $0.28 $0.96 $0.64 $0.09 $0.83 $0.92 $0.92
Adjusted Weighted Average Diluted Shares Outstanding		 41.60M 41.80M 41.40M 41.40M 41.40M 41.40M 41.50M 41.60M 41.40M 41.50M 41.60M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 40.90M 40.84M 40.84M 40.84M 40.84M 40.88M 40.96M 40.77M 40.76M 40.87M 40.78M
Normalized Net Operating Profit after Tax (NOPAT)		 20 -18 6.60 -11 12 40 27 3.80 34 38 38
Normalized NOPAT Margin		 6.05% -5.32% 1.90% -3.12% 3.15% 10.02% 7.02% 1.00% 8.50% 9.54% 9.37%
Pre Tax Income Margin		 6.94% -7.61% 2.33% -4.46% 3.66% 11.97% 8.75% 1.21% 10.59% 12.06% 11.66%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 4.42 -4.39 1.21 -2.26 1.81 5.49 3.79 0.53 4.91 5.68 5.34
NOPAT to Interest Expense		 3.85 -3.07 0.99 -1.58 1.56 4.59 3.05 0.44 3.94 4.49 4.29
EBIT Less CapEx to Interest Expense		 4.42 -4.39 1.21 -2.26 1.81 5.49 3.79 0.53 4.91 5.68 5.34
NOPAT Less CapEx to Interest Expense		 3.85 -3.07 0.99 -1.58 1.56 4.59 3.05 0.44 3.94 4.49 4.29
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 50.00% 265.66% 867.21% -2,128.00% -477.68% 119.78% 83.67% 67.12% 53.03% 53.99% 48.82%
Augmented Payout Ratio		 76.39% 386.87% 1,296.72% -2,748.00% -535.71% 134.22% 86.90% 73.87% 61.29% 62.35% 56.51%

Key Financial Trends

Horace Mann Educators (NYSE: HMN) has shown a significant rebound and improvement in financial performance over the past few years, based on an analysis of quarterly financial statements from Q3 2022 through Q1 2025.

Key Positive Trends:

  • Net income has markedly improved from negative $12.8 million in Q2 2023 to a positive $38.2 million in Q1 2025 continuing operations, reflecting a strong turnaround in profitability.
  • Premiums earned have increased steadily, reaching approximately $298.3 million in Q1 2025 compared to around $257.4 million in Q3 2022, indicating growth in the insurance business.
  • Net realized and unrealized capital gains on investments surged to $112.6 million in Q1 2025 compared to $84.8 million in Q3 2022, contributing significantly to non-interest income.
  • Total revenue increased from roughly $342.6 million in Q3 2022 to $407.5 million in Q1 2025, showing consistent top-line growth.
  • Cash flow from operating activities remains robust, with $140.8 million generated in Q1 2025, supporting operational liquidity and business sustainability.
  • The company has maintained a steady dividend payout, with cash dividends per common share rising slightly to $0.35 in Q1 2025 from $0.28 in Q3 2022, supporting shareholder returns.
  • Total common equity increased to $1.34 billion in Q1 2025 from approximately $1.05 billion in Q3 2022, indicating improvement in the company’s net asset base.

Neutral Observations:

  • Long-term debt interest expense has increased slightly from $5.3 million in Q3 2022 to about $8.9 million in Q1 2025, reflecting higher borrowing costs or increased debt levels.
  • Total liabilities have risen to $13.05 billion in Q1 2025 from $12.24 billion in Q3 2022, which aligns with asset growth but warrants ongoing debt management attention.
  • Net interest expense remains negative due to zero interest income and increasing interest expense, which is typical for an insurance company but should be monitored.

Areas of Potential Concern:

  • Property and liability insurance claims remain high and volatile, increasing from $211.9 million in Q3 2022 to $236 million in Q1 2025, presenting underwriting and claims cost risk.
  • Other operating expenses and amortization costs have slightly increased over the years, which could pressure margins if not controlled.
  • The company's net realized & unrealized capital gains are a significant portion of income, suggesting dependency on market performance and potential earnings volatility.
  • The negative accumulated other comprehensive income balance widened to -$321.5 million in Q1 2025, indicating potential risks from items excluded from net income such as unrealized losses.

Summary: Horace Mann Educators has demonstrated strong financial improvement with solid revenue growth, increased investment gains, and rising profitability. While insurance claims and increasing expenses pose challenges, the company maintains healthy cash flow and equity growth. Investors may find the company’s improved earnings and dividend consistency attractive, though attention should be given to underwriting results and investment volatility going forward.

08/07/25 06:08 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Horace Mann Educators' Financials

When does Horace Mann Educators' financial year end?

According to the most recent income statement we have on file, Horace Mann Educators' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Horace Mann Educators' net income changed over the last 10 years?

Horace Mann Educators' net income appears to be on a downward trend, with a most recent value of $102.80 million in 2024, falling from $104.24 million in 2014. The previous period was $45 million in 2023. Find out what analysts predict for Horace Mann Educators in the coming months.

How has Horace Mann Educators' revenue changed over the last 10 years?

Over the last 10 years, Horace Mann Educators' total revenue changed from $1.05 billion in 2014 to $1.56 billion in 2024, a change of 49.1%.

How much debt does Horace Mann Educators have?

Horace Mann Educators' total liabilities were at $13.20 billion at the end of 2024, a 2.5% increase from 2023, and a 56.5% increase since 2014.

How much cash does Horace Mann Educators have?

In the past 10 years, Horace Mann Educators' cash and equivalents has ranged from $0.00 in 2021 to $42.80 million in 2022, and is currently $38.10 million as of their latest financial filing in 2024.

How has Horace Mann Educators' book value per share changed over the last 10 years?

Over the last 10 years, Horace Mann Educators' book value per share changed from 31.89 in 2014 to 31.59 in 2024, a change of -0.9%.


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This page (NYSE:HMN) was last updated on 8/7/2025 by MarketBeat.com Staff
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