HORACE MANN EDUCATORS CORP /DE/ HMN

Financials SIC 6331 - Fire, Marine & Casualty Insurance NAICS Finance and Insurance › Insurance Carriers and Related Activities › Insurance Carriers › Direct Insurance (except Life, Health, and Medical) Carriers › Direct Property and Casualty Insurance Carriers derived NYSE

Measures within this Annual Report on Form 10-K that are not based on accounting principles generally accepted in the United States of America (non-GAAP) are marked with an asterisk (*) the first time they are presented within Part I of this Annual Report on Form 10-K. An explanation of these measures is contained in the Glossary of Selected Terms included as Exhibit 99.1 to this Annual Report on Form 10-K and are reconciled to the most directly comparable measures prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) in the Appendix to the Company's Fourth Quarter 2025 Investor Supplement.

We are an insurance holding company incorporated in Delaware. Our headquarters is located in Springfield, Ill. We also operate corporate offices in Dallas, Tx., Madison, Wisc., and Cherry Hill, N.J.

Last close 46.30 2026-10-23
Market cap $1.88B 2026-06-30 share count
52-week range 41.29 - 55.56

Valuation FY2025 figures against the last close

P/S1.1x
P/E11.9x
P/FCF3.4x
EV/EBITDA—
Dividend yield3.0%
Diluted EPS3.90

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Property & Casualty
  • Life & Retirement
  • Supplemental & Group Benefits
  • Other
Revenue by segment, 4 categories over 3 years. The same figures are in the table below. FY2025 Property & Casualty, FY2025: 862.9M (50.0%) 50% Property & Casualty Life & Retirement, FY2025: 553M (32.1%) 32% Life & Retirement Supplemental & Group Benefits, FY2025: 302.4M (17.5%) 18% Other, FY2025: 6.3M (0.4%) FY2024 Property & Casualty, FY2024: 784.8M (48.7%) 49% Life & Retirement, FY2024: 538.4M (33.4%) 33% Supplemental & Group Benefits, FY2024: 288.4M (17.9%) 18% Other, FY2024: 900K (0.1%) FY2023 Property & Casualty, FY2023: 686.3M (45.3%) 45% Life & Retirement, FY2023: 538.6M (35.5%) 36% Supplemental & Group Benefits, FY2023: 287.6M (19.0%) 19% Other, FY2023: 3.4M (0.2%)
Segment FY2025FY2024FY2023
Property & Casualty $862.9M $784.8M $686.3M
Life & Retirement $553.0M $538.4M $538.6M
Supplemental & Group Benefits $302.4M $288.4M $287.6M
Other $6.3M $900.0K $3.4M

As the company reported it, from the “Segment Information - Schedule of Financial Information by Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.70B$1.60B$1.49B$1.38B$1.33B$1.31B$1.43B$1.19B$1.17B$1.13B
Total operating expenses $334.4M$294.9M$267.0M$255.8M——$234.6M$205.4M$187.8M$173.1M
Interest expense $36.4M$34.6M$29.7M$19.4M$13.9M$15.2M$15.6M$13.0M$11.9M$11.8M
Pre-tax income $201.2M$128.6M$53.3M$16.5M$210.1M$159.6M$236.4M$19.5M$88.7M$114.2M
Income tax $39.1M$25.8M$8.3M$3.3M$39.7M$26.3M$52.0M$1.2M$80.8M$30.5M
Net income $162.1M$102.8M$45.0M-$2.6M$142.8M$133.3M$184.4M$18.3M$169.5M$83.8M
EPS, basic 3.932.491.090.484.063.184.420.444.102.04
EPS, diluted 3.902.481.090.474.043.174.400.444.082.02
Shares, diluted (wtd. avg.) 41.6M41.5M41.4M41.8M42.2M42.0M41.9M41.9M41.6M41.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $27.5M$38.1M$29.7M$42.8M$133.7M$22.3M$25.5M$11.9M$7.6M$16.7M
Property, plant and equipment $70.8M$73.4M$68.6M$69.3M$66.0M$64.7M$60.1M$41.0M$38.9M$32.2M
Goodwill $54.3M$54.3M$54.3M$54.3M$43.5M$43.5M$49.1M$47.4M$47.4M$47.4M
Other intangibles $141.5M$155.8M$170.3M$185.2M$145.4M$158.5M$177.2M$0——
Total assets $15.27B$14.49B$14.05B$13.31B$14.46B$13.47B$12.48B$11.03B$11.20B$10.58B
Short-term debt $0$0$0$249.0M$249.0M$135.0M$135.0M$0——
Long-term debt $593.4M$547.0M$546.0M$249.0M$253.6M$302.3M$298.0M$297.7M$297.5M$247.2M
Total liabilities $13.78B$13.20B$12.87B$12.21B$12.58B$11.68B$10.91B$9.74B$9.70B$9.28B
Retained earnings $1.65B$1.55B$1.50B$1.51B$1.52B$1.43B$1.35B$1.22B$1.23B$1.16B
Total equity $1.48B$1.29B$1.18B$1.10B$1.50B$1.79B$1.57B$1.29B$1.50B$1.29B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $553.2M$452.1M$302.1M$171.5M$204.9M$259.8M$127.6M$200.9M$256.6M$211.4M
Depreciation and amortisation $27.1M$26.4M$26.2M$27.6M$18.4M$23.4M$15.6M$7.4M$6.6M$6.9M
Stock-based compensation $10.2M$9.9M$9.5M$8.9M$8.4M$6.7M$7.3M$8.3M$8.6M—
Investing cash flow -$252.1M-$135.8M-$107.4M-$214.6M-$302.0M-$406.8M$55.9M-$186.5M-$228.7M-$325.4M
Financing cash flow -$311.7M-$307.9M-$207.8M-$47.8M$208.5M$143.8M-$169.9M-$10.1M-$37.0M$115.1M
Dividends paid $57.1M$55.5M$53.9M$52.6M$51.4M$49.6M$47.3M$46.7M$46.1M$44.3M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000850141-26-000014.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B 2B Revenue, FY2016: 1.1B Net income, FY2016: 83.8M Revenue, FY2017: 1.2B Net income, FY2017: 169.5M Revenue, FY2018: 1.2B Net income, FY2018: 18.3M Revenue, FY2019: 1.4B Net income, FY2019: 184.4M Revenue, FY2020: 1.3B Net income, FY2020: 133.3M Revenue, FY2021: 1.3B Net income, FY2021: 142.8M Revenue, FY2022: 1.4B Net income, FY2022: -2.6M Revenue, FY2023: 1.5B Net income, FY2023: 45M Revenue, FY2024: 1.6B Net income, FY2024: 102.8M Revenue, FY2025: 1.7B Net income, FY2025: 162.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.13B $1.17B $1.19B $1.43B $1.31B $1.33B $1.38B $1.49B $1.60B $1.70B
Gross profit — — — — — — — — — —
Net income $83.8M $169.5M $18.3M $184.4M $133.3M $142.8M -$2.6M $45.0M $102.8M $162.1M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Material agreement signed Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • New debt or obligation Item 2.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 6331

TickerCompanyMarket capP/ERevenue growth
CB Chubb Ltd $137.73B 13.8x 6.5%
PGR PROGRESSIVE CORP/OH/ $132.59B 11.9x 16.3%
TRV TRAVELERS COMPANIES, INC. $83.07B 14.5x 5.2%
ALL ALLSTATE CORP $64.02B 6.7x 5.6%
AIG AMERICAN INTERNATIONAL GROUP, INC. $42.49B 15.0x -1.7%
HIG HARTFORD INSURANCE GROUP, INC. $37.04B 10.3x 3.3%
ACGL ARCH CAPITAL GROUP LTD. $34.70B 8.8x 14.3%
WRB BERKLEY W R CORP $27.22B 16.5x 9.9%