Horace Mann Educators (HMN) Financials

$45.75 -0.22 (-0.49%)

Closing price 03:59 PM Eastern

Extended Trading

$47.00 +1.25 (+2.74%)

As of 05:43 PM Eastern

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	93	84	169	18	-1,010	133	170	20	45	103	162
Consolidated Net Income / (Loss)	93	84	169	18	184	133	170	20	45	103	162
Net Income / (Loss) Continuing Operations	93	84	169	18	-1,010	133	170	20	45	103	162
Total Pre-Tax Income	129	114	89	20	236	160	210	17	53	129	201
Total Revenue	1,065	1,117	1,160	1,179	1,415	1,295	1,315	1,362	1,462	1,561	1,665
Net Interest Income / (Expense)	-13	-12	-12	-13	-16	-15	-14	-19	-30	-35	-36
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	13	12	12	13	16	15	14	19	30	35	36
Long-Term Debt Interest Expense	13	12	12	13	16	15	14	19	30	35	36
Total Non-Interest Income	1,078	1,129	1,172	1,192	1,431	1,310	1,329	1,382	1,492	1,595	1,701
Other Service Charges	3.26	4.46	6.62	10	14	24	29	9.50	14	21	22
Net Realized & Unrealized Capital Gains on Investments	343	365	370	364	518	355	412	344	421	428	451
Premiums Earned	732	759	795	817	898	931	889	1,028	1,057	1,146	1,228
Total Non-Interest Expense	936	1,003	1,071	1,159	2,373	1,136	1,105	1,346	1,409	1,432	1,464
Property & Liability Insurance Claims	679	733	781	844	798	774	751	920	975	961	928
Other Operating Expenses	157	173	188	205	235	238	251	316	318	346	397
Amortization Expense	99	97	102	110	118	114	104	105	116	126	139
Income Tax Expense	36	30	-81	1.19	52	26	40	-3.30	8.30	26	39
Basic Earnings per Share	$2.23	$2.04	$4.10	$0.44	$4.42	$3.18	$4.06	$0.48	$1.09	$2.49	$3.93
Weighted Average Basic Shares Outstanding	41.92M	41.16M	41.36M	41.57M	41.70M	41.90M	42M	41.60M	41.30M	41.30M	41.20M
Diluted Earnings per Share	$2.20	$2.02	$4.08	$0.44	$4.40	$3.17	$4.04	$0.47	$1.09	$2.48	$3.90
Weighted Average Diluted Shares Outstanding	42.43M	41.48M	41.56M	41.89M	41.90M	42M	42.20M	41.80M	41.40M	41.50M	41.60M
Weighted Average Basic & Diluted Shares Outstanding	41.90M	41.10M	41.30M	41.70M	41.27M	41.42M	41.35M	40.84M	40.88M	40.87M	40.45M
Cash Dividends to Common per Share	$1.00	$1.06	$1.10	$1.14	$1.15	$1.20	$1.24	$1.28	$1.32	$1.36	$1.40

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-13	12	40	27	3.80	34	38	38	29	58	36
Consolidated Net Income / (Loss)	-13	12	40	27	3.80	34	38	38	29	58	36
Net Income / (Loss) Continuing Operations	-13	12	40	27	3.80	34	38	38	29	58	36
Total Pre-Tax Income	-16	14	47	33	4.60	43	48	48	37	72	46
Total Revenue	350	371	394	377	379	403	401	408	403	430	425
Net Interest Income / (Expense)	-6.90	-7.50	-8.60	-8.70	-8.70	-8.70	-8.50	-8.90	-8.60	-8.90	-10
Total Interest Expense	6.90	7.50	8.60	8.70	8.70	8.70	8.50	8.90	8.60	8.90	10
Long-Term Debt Interest Expense	6.90	7.50	8.60	8.70	8.70	8.70	8.50	8.90	8.60	8.90	10
Total Non-Interest Income	356	379	403	386	388	412	409	416	412	439	435
Other Service Charges	4.60	2.20	5.70	3.20	4.70	6.20	6.70	5.50	4.20	5.30	6.70
Net Realized & Unrealized Capital Gains on Investments	91	111	123	108	103	117	102	113	105	123	111
Premiums Earned	261	266	275	275	281	289	301	298	303	310	317
Total Non-Interest Expense	365	358	347	344	375	361	352	360	367	358	379
Property & Liability Insurance Claims	256	252	235	229	261	246	225	236	236	227	230
Other Operating Expenses	80	76	83	85	83	83	95	91	97	96	113
Amortization Expense	29	30	30	31	31	32	33	33	34	35	37
Income Tax Expense	-2.80	1.90	7.70	6.50	0.80	8.40	10	9.30	7.10	13	9.50
Basic Earnings per Share	($0.31)	$0.28	$0.96	$0.64	$0.09	$0.83	$0.93	$0.93	$0.71	$1.42	$0.87
Weighted Average Basic Shares Outstanding	41.30M	41.30M	41.30M	41.30M	41.40M	41.20M	41.30M	41.30M	41.30M	41.20M	41.20M
Diluted Earnings per Share	($0.31)	$0.28	$0.96	$0.64	$0.09	$0.83	$0.92	$0.92	$0.71	$1.40	$0.87
Weighted Average Diluted Shares Outstanding	41.40M	41.40M	41.40M	41.50M	41.60M	41.40M	41.50M	41.60M	41.60M	41.60M	41.60M
Weighted Average Basic & Diluted Shares Outstanding	40.84M	40.84M	40.88M	40.96M	40.77M	40.76M	40.87M	40.78M	40.70M	40.68M	40.45M

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Net Change in Cash & Equivalents	3.83	1.16	-9.04	4.28	14	-3.20	111	-91	-13	8.40	-11
Net Cash From Operating Activities	208	211	257	201	128	260	205	172	302	452	553
Net Cash From Continuing Operating Activities	208	211	257	201	128	260	205	172	302	452	553
Net Income / (Loss) Continuing Operations	0.00	0.00	0.00	0.00	184	133	170	20	45	103	162
Consolidated Net Income / (Loss)	-	-	-	-	184	133	170	20	45	103	162
Depreciation Expense	-	-	6.62	7.36	16	23	18	28	26	26	27
Non-Cash Adjustments to Reconcile Net Income	208	211	175	22	-121	24	-19	99	18	55	16
Changes in Operating Assets and Liabilities, net	-	-	89	181	48	79	35	26	213	268	349
Net Cash From Investing Activities	-416	-325	-229	-186	56	-407	-302	-215	-107	-136	-252
Net Cash From Continuing Investing Activities	-416	-325	-229	-186	56	-407	-302	-215	-107	-136	-252
Purchase of Investment Securities	-1,582	-1,696	-1,730	-1,592	-1,675	-1,564	-1,845	-1,542	-837	-1,192	-1,529
Sale and/or Maturity of Investments	1,166	1,371	1,502	1,406	1,730	1,157	1,543	1,327	730	1,056	1,277
Net Cash From Financing Activities	212	115	-37	-10	-170	144	209	-48	-208	-308	-312
Net Cash From Continuing Financing Activities	212	115	-37	-10	-170	144	208	-48	-208	-308	-312
Net Change in Deposits	-	-	-	0.00	-150	-21	-39	-67	-124	-162	-162
Issuance of Debt	250	11	50	22	135	4.00	119	0.00	225	15	295
Repayment of Debt	-240	-	-4.75	0.00	-330	7.30	-416	-144	-439	-270	-765
Repurchase of Common Equity	-22	-22	-1.66	-5.09	0.00	-2.20	-5.30	-24	-6.50	-8.60	-21
Payment of Dividends	-43	-44	-46	-47	-47	-50	-51	-53	-54	-56	-57
Other Financing Activities, Net	267	170	-34	20	222	206	601	240	190	174	398

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	-4.30	11	-4.80	-9.30	-5.80	25	-1.70	-7.80	11	262	-275
Net Cash From Operating Activities	68	45	103	75	40	144	194	141	131	151	130
Net Cash From Continuing Operating Activities	68	45	103	75	40	144	194	141	131	151	130
Net Income / (Loss) Continuing Operations	-13	12	40	27	3.80	34	38	38	29	58	36
Consolidated Net Income / (Loss)	-13	12	40	27	3.80	34	38	38	29	58	36
Depreciation Expense	6.30	6.60	6.70	6.60	6.40	6.40	7.00	7.00	6.60	6.80	6.70
Non-Cash Adjustments to Reconcile Net Income	18	5.90	-27	9.50	13	-14	47	11	5.10	-6.60	5.90
Changes in Operating Assets and Liabilities, net	57	21	84	32	17	117	102	85	90	93	81
Net Cash From Investing Activities	51	-41	-22	-60	-28	-44	-4.40	-35	-37	-163	-18
Net Cash From Continuing Investing Activities	51	-41	-22	-60	-28	-44	-4.40	-35	-37	-163	-18
Purchase of Investment Securities	-168	-270	-164	-355	-288	-270	-344	-283	-193	-575	-477
Sale and/or Maturity of Investments	218	229	143	295	260	226	339	248	156	413	460
Net Cash From Financing Activities	-123	7.10	-86	-24	-18	-75	-191	-114	-84	273	-387
Net Cash From Continuing Financing Activities	-123	7.10	-86	-24	-18	-75	-191	-114	-84	273	-387
Net Change in Deposits	-29	-26	-36	-49	19	-5.20	-127	-37	-33	-33	-58
Issuance of Debt	-63	300	68	51	-48	44	-33	-6.70	-3.90	307	-0.80
Repayment of Debt	-	-254	-173	-50	-105	-15	-100	-287	-68	-152	-258
Repurchase of Common Equity	-1.10	-1.00	-	0.00	-4.50	-4.10	-	-0.20	-6.90	-6.80	-6.90
Payment of Dividends	-14	-13	-14	-14	-14	-14	-14	-14	-14	-14	-14
Other Financing Activities, Net	-16	0.60	69	38	134	-80	83	232	42	173	-49

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Total Assets	10,057	10,577	11,198	11,032	12,479	13,472	14,384	13,306	14,050	14,488	15,267
Cash and Due from Banks	16	17	7.63	12	26	22	-	43	30	38	28
Trading Account Securities	7,648	7,999	8,105	7,922	5,894	6,467	6,387	5,285	5,322	5,454	5,757
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	253	268	258	299	277	230	248	331	336	347	358
Separate Account Business Assets	1,801	1,924	2,152	2,001	2,490	2,891	-	2,792	3,294	3,709	4,157
Goodwill	47	47	47	47	49	44	44	54	54	54	54
Intangible Assets	-	-	-	0.00	177	159	145	185	170	156	142
Other Assets	292	322	628	751	3,566	3,659	288	4,616	4,844	4,729	4,771
Total Liabilities & Shareholders' Equity	10,057	10,577	11,198	11,032	12,479	13,472	14,384	13,306	14,050	14,488	15,267
Total Liabilities	8,792	9,283	9,697	9,741	10,911	11,682	931	12,208	12,875	13,200	13,784
Long-Term Debt	247	247	297	298	298	302	254	249	546	547	593
Claims and Claim Expense	324	330	348	397	443	439	-	564	582	569	565
Future Policy Benefits	5,127	5,448	5,574	5,711	6,234	6,445	-	1,718	1,762	1,623	1,612
Unearned Premiums Liability	233	246	261	276	279	265	-	266	301	344	372
Participating Policy Holder Equity	693	709	724	768	647	751	-	6,070	6,103	6,096	6,110
Separate Account Business Liabilities	1,801	1,924	2,152	2,001	2,490	2,891	-	2,792	3,294	3,709	4,157
Other Long-Term Liabilities	369	379	341	290	384	453	428	300	287	312	374
Total Equity & Noncontrolling Interests	1,265	1,294	1,502	1,291	1,567	1,790	2,301	1,098	1,175	1,288	1,483
Total Preferred & Common Equity	1,265	1,294	1,502	1,291	1,567	1,790	1,807	1,098	1,175	1,288	1,483
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	1,265	1,294	1,502	1,291	1,567	1,790	2,301	1,098	1,175	1,288	1,483
Common Stock	443	454	464	475	481	489	495	503	511	525	539
Retained Earnings	1,116	1,156	1,231	1,217	1,353	1,435	1,525	1,512	1,502	1,548	1,652
Treasury Stock	-458	-479	-481	-486	-486	-488	-	-517	-524	-533	-553
Accumulated Other Comprehensive Income / (Loss)	163	164	287	85	220	355	281	-458	-336	-364	-248
Other Equity Adjustments	-	-	-	-	-	-	-	59	22	111	93

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	Q2 2025	Q3 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	6/30/2025	9/30/2025
Total Assets	13,314	13,654	13,672	13,413	14,236	14,282	14,714	14,396	14,728	15,490
Cash and Due from Banks	36	-	23	35	20	15	40	30	41	47
Restricted Cash	-	-	-	-	-	-	-	-	-	256
Trading Account Securities	5,386	99	5,298	5,039	5,427	5,428	5,662	5,522	5,512	5,711
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
Deferred Acquisition Cost	440	332	333	335	337	342	345	349	351	358
Separate Account Business Assets	2,600	-	3,099	2,974	3,517	3,545	3,733	3,568	3,863	4,088
Goodwill	56	54	54	54	54	54	54	54	54	54
Intangible Assets	192	182	178	174	167	163	159	152	149	145
Other Assets	4,604	3,897	4,688	4,802	4,713	4,736	4,720	4,720	4,758	4,830
Total Liabilities & Shareholders' Equity	13,314	13,654	13,672	13,413	14,236	14,282	14,714	14,396	14,728	15,490
Total Liabilities	12,238	2,864	12,570	12,361	13,025	13,073	13,427	13,053	13,368	14,048
Long-Term Debt	249	249	249	546	546	547	547	547	548	843
Claims and Claim Expense	482	-	598	587	584	597	597	577	577	564
Future Policy Benefits	7,068	1,772	1,741	1,613	1,702	1,655	1,746	1,636	1,624	1,637
Unearned Premiums Liability	267	263	273	296	300	320	345	337	351	378
Participating Policy Holder Equity	1,001	-	6,107	6,120	6,079	6,070	6,095	6,085	6,082	6,138
Separate Account Business Liabilities	2,600	-	3,099	2,974	3,517	3,545	3,733	3,568	3,863	4,088
Other Long-Term Liabilities	323	330	256	225	297	341	365	303	323	400
Total Equity & Noncontrolling Interests	1,077	1,643	1,102	1,051	1,211	1,209	1,287	1,343	1,360	1,441
Total Preferred & Common Equity	1,077	1,139	1,102	1,051	1,211	1,209	1,287	1,343	1,360	1,441
Preferred Stock	0.00	0.00	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	1,360	1,441
Common Stock	501	503	506	509	513	516	518	526	531	536
Retained Earnings	1,500	1,505	1,479	1,477	1,514	1,504	1,524	1,572	1,587	1,630
Treasury Stock	-517	-	-523	-524	-524	-528	-533	-533	-540	-546
Accumulated Other Comprehensive Income / (Loss)	-407	-365	-403	-544	-356	-378	-245	-322	-317	-258
Other Equity Adjustments	-	-	43	134	63	95	22	99	100	79

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.23	$2.04	$4.10	$0.44	$4.42	$3.18	$3.40	($0.06)	$1.09	$2.49	$3.93
Adjusted Weighted Average Basic Shares Outstanding	41.91M	41.16M	41.37M	41.57M	41.74M	41.88M	42M	41.60M	41.30M	41.30M	41.20M
Adjusted Diluted Earnings per Share	$2.20	$2.02	$4.08	$0.44	$4.40	$3.17	$3.39	($0.06)	$1.09	$2.48	$3.90
Adjusted Weighted Average Diluted Shares Outstanding	42.42M	41.48M	41.57M	41.89M	41.95M	42.04M	42.20M	41.80M	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	40.39M	40.34M	40.78M	40.99M	41.27M	41.42M	41.35M	40.84M	40.88M	40.87M	40.45M
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.31)	$0.28	$0.96	$0.64	$0.09	$0.83	$0.93	$0.93	$0.71	$1.42	$0.87
Adjusted Weighted Average Basic Shares Outstanding	41.30M	41.30M	41.30M	41.30M	41.40M	41.20M	41.30M	41.30M	41.30M	41.20M	41.20M
Adjusted Diluted Earnings per Share	($0.31)	$0.28	$0.96	$0.64	$0.09	$0.83	$0.92	$0.92	$0.71	$1.40	$0.87
Adjusted Weighted Average Diluted Shares Outstanding	41.40M	41.40M	41.40M	41.50M	41.60M	41.40M	41.50M	41.60M	41.60M	41.60M	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	40.84M	40.84M	40.88M	40.96M	40.77M	40.76M	40.87M	40.78M	40.70M	40.68M	40.45M
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

Financials Breakdown Chart

Key Financial Trends

Horace Mann Educators (NYSE: HMN) delivered a mix of earnings strength and solid capital metrics in 2025, with notable investment gains helping to offset underwriting and operating costs. The quarter-by-quarter data show strong non-interest income and a robust policyholder capital base, but also meaningful cash outflows in the latest period driven by investing and financing activities. Here are the most important, data-supported takeaways for retail investors.

Q4 2025 net income from continuing operations was $36.2 million, with basic/diluted earnings per share of $0.87, marking solid quarterly profitability.
Investments contributed meaningfully to results in 2025, with Net Realized & Unrealized Capital Gains on Investments of about $110.9 million in Q4 2025 and $122.9 million in Q3 2025, supporting overall earnings through non-interest income.
Premiums Earned remained strong at about $317.2 million in Q4 2025 (and $310.3 million in Q3 2025), helping sustain total revenue near the mid-$400 million range.
Total Non-Interest Income remained robust at roughly $434.8 million in Q4 2025 and $438.5 million in Q3 2025, indicating revenue diversification beyond underwriting.
Operating cash flow was solid in late 2025: Net Cash From Continuing Operating Activities was $151.2 million in Q3 2025 and $129.9 million in Q4 2025, signaling strong cash generation from core operations.
The balance sheet shows substantial policyholder capital: Separate Account Assets about $4.09 billion and Participating Policy Holder Equity around $6.14 billion (as of Q3 2025), underscoring a strong capital base for solvency and capacity to absorb shocks.
Total Liabilities remained high (around $14.05–14.08 billion in recent periods) with Total Equity near $1.44 billion, a common insurer profile that emphasizes policyholder surplus and leverage—important context for risk/reward but not an immediate red flag.
Cash dividends per share stand at $0.35, a modest payout that current yields may appeal to some income-focused investors but does not indicate aggressive near-term dividend growth.
Earnings per share fluctuated across 2025 (Q3 EPS around $1.42, then Q4 ~ $0.87; Q2 ~ $0.71; Q1 ~ $0.93), signaling quarterly volatility even as annual profitability remained positive.
Liquidity pressure emerged in Q4 2025: Net Change in Cash was negative at about -$275.0 million, driven by large investing outlays (-$477.3 million) and financing outflows (-$387.4 million), highlighting near-term cash flow headwinds if such activity continues.

Bottom line: HMN continues to generate solid earnings and benefits from strong capital and diversified non-interest income, supported by sizable policyholder-related assets. However, the quarter also shows notable cash outflows tied to investing/financing activities, which investors should monitor as part of HMN’s ongoing liquidity and capital planning.

05/06/26 06:56 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Horace Mann Educators' Financials

When does Horace Mann Educators' fiscal year end?

According to the most recent income statement we have on file, Horace Mann Educators' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

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

In the past 10 years, Horace Mann Educators' net income has ranged from $18.34 million in 2018 to $184.40 million in 2019, and is currently $162.10 million as of their latest financial filing in 2025. 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 $1.06 billion in 2015 to $1.67 billion in 2025, a change of 56.3%.

How much debt does Horace Mann Educators have?

Horace Mann Educators' total liabilities were at $13.78 billion at the end of 2025, a 4.4% increase from 2024, and a 56.8% increase since 2015.

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 $27.50 million as of their latest financial filing in 2025.

Related Companies

Financial statements for NYSE:HMN last updated on 3/4/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Horace Mann Educators (HMN) Financials

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Horace Mann Educators (HMN) Financials

Annual Income Statements for Horace Mann Educators

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Quarterly Balance Sheets for Horace Mann Educators

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Quarterly Metrics And Ratios for Horace Mann Educators

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