HMN · Horace Mann Educators Corp /De/ - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $429.30M | - | $438.50M | $411.70M | $416.40M | - | $412.10M | $388.10M | $386.00M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $82.00M | - | $70.20M | $71.10M | $72.20M | - | - | - | - | - |
| D&A | $6.70M | - | - | - | $7.00M | - | - | - | $6.60M | - |
| Operating Income | $50.20M | - | $71.50M | $36.50M | $47.50M | - | $42.70M | $4.60M | $33.00M | - |
| Interest Expense | $9.50M | - | $8.90M | $8.60M | $8.90M | - | $8.70M | $8.70M | $8.70M | - |
| Income Tax | $9.00M | - | $13.20M | $7.10M | $9.30M | - | $8.40M | $800.0K | $6.50M | - |
| Net Income | $41.20M | - | $58.30M | $29.40M | $38.20M | - | $34.30M | $3.80M | $26.50M | - |
| EPS - Basic | $1.01 | - | $1.42 | $0.71 | $0.93 | - | $0.83 | $0.09 | $0.64 | - |
| EPS - Diluted | $1.00 | - | $1.40 | $0.71 | $0.92 | - | $0.83 | $0.09 | $0.64 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $20.90M | $27.50M | $46.70M | $40.90M | $30.30M | $38.10M | $39.80M | $14.60M | $20.40M | $29.70M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $14.97B | $15.27B | $15.49B | $14.73B | $14.40B | $14.49B | $14.71B | $14.28B | $14.24B | $14.05B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $593.80M | $593.40M | $842.90M | $547.50M | $547.20M | $547.00M | $546.70M | $546.50M | $546.20M | $546.00M |
| Total Liabilities | $13.50B | $13.78B | $14.05B | $13.37B | $13.05B | $13.20B | $13.43B | $13.07B | $13.02B | $12.87B |
| Stockholders' Equity | $1.47B | $1.48B | $1.44B | $1.36B | $1.34B | $1.29B | $1.29B | $1.21B | $1.21B | $1.18B |
| Retained Earnings | $1.68B | $1.65B | $1.63B | $1.59B | $1.57B | $1.55B | $1.52B | $1.50B | $1.51B | $1.50B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $61.30M | - | - | - | $140.80M | - | - | - | $74.50M | - |
| Investing Cash Flow | $16.20M | - | - | - | ($35.10M) | - | - | - | ($59.50M) | - |
| Financing Cash Flow | ($84.10M) | - | - | - | ($113.50M) | - | - | - | ($24.30M) | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 11.7% | - | 16.3% | 8.9% | 11.4% | - | 10.4% | 1.2% | 8.5% | - |
| EBITDA margin | 13.3% | - | - | - | 13.1% | - | - | - | 10.3% | - |
| Net margin | 9.6% | - | 13.3% | 7.1% | 9.2% | - | 8.3% | 1.0% | 6.9% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 17.9% | - | 18.5% | 19.5% | 19.6% | - | 19.7% | 17.4% | 19.7% | - |
| Return on assets | 0.3% | - | 0.4% | 0.2% | 0.3% | - | 0.2% | 0.0% | 0.2% | - |
| Return on equity | 2.8% | - | 4.0% | 2.2% | 2.8% | - | 2.7% | 0.3% | 2.2% | - |
| Return on invested capital | 2.0% | - | 2.6% | 1.5% | 2.0% | - | 1.9% | 0.2% | 1.5% | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 0.40 | 0.40 | 0.58 | 0.40 | 0.41 | 0.42 | 0.42 | 0.45 | 0.45 | 0.46 |
| Debt / Assets | 0.04 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
| Debt / EBITDA | 10.44 | - | - | - | 10.04 | - | - | - | 13.79 | - |
| Interest coverage | 5.3x | - | 8.0x | 4.2x | 5.3x | - | 4.9x | 0.5x | 3.8x | - |
| Equity multiplier | 10.18 | 10.30 | 10.75 | 10.83 | 10.72 | 11.25 | 11.43 | 11.82 | 11.75 | 11.95 |
| Liabilities / Assets | 0.90 | 0.90 | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 | 0.92 | 0.91 | 0.92 |
| Efficiency | ||||||||||
| Asset turnover | 0.03 | - | 0.03 | 0.03 | 0.03 | - | 0.03 | 0.03 | 0.03 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 42.7x | - | 32.3x | 60.5x | 46.4x | - | 42.1x | 362.4x | 57.8x | - |
| P / B | 1.2x | - | 1.3x | 1.3x | 1.3x | - | 1.1x | 1.1x | 1.3x | - |
| P / S | 4.1x | - | 4.3x | 4.3x | 4.3x | - | 3.5x | 3.5x | 4.0x | - |
| EV / EBITDA | 41.0x | - | - | - | 42.1x | - | - | - | 52.0x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 3.1% | - | 6.4% | 6.1% | 7.9% | - | 8.8% | 8.9% | 9.1% | - |
| Revenue CAGR (3y) | 6.6% | - | 8.5% | 5.9% | 6.3% | - | 7.7% | 3.8% | 6.2% | - |
| Revenue CAGR (5y) | 5.9% | - | 5.4% | 5.5% | 6.3% | - | 4.3% | -3.0% | 4.3% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 5.7% | - | 67.4% | 693.5% | 43.9% | - | 214.0% | - | 307.4% | - |
| Net income growth (YoY) | 7.9% | - | 70.0% | 673.7% | 44.2% | - | 193.2% | - | 301.5% | - |
| EPS growth (YoY) | 8.7% | - | 68.7% | 688.9% | 43.8% | - | 196.4% | - | 300.0% | - |
| EPS CAGR (3y) | 84.2% | - | 61.9% | - | 38.0% | - | 28.6% | -56.7% | -11.7% | - |
| EPS CAGR (5y) | 1.5% | - | 10.0% | -0.6% | 15.9% | - | 6.7% | -47.4% | -3.6% | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 9.5% | 15.2% | 12.0% | 12.5% | 10.8% | 9.5% | 22.4% | 9.7% | 6.3% | 8.0% |
Peer comparison
Same SIC group: Fire, Marine & Casualty Insurance
Comparing HORACE MANN EDUCATORS CORP /DE/ against the 5 most active filers in the same SIC group.
Dividends
$1.41/share trailing 12 months · +2.9% YoY
| Ex-date | Per share |
|---|---|
| Mar 17, 2026 | $0.3600 |
| Dec 15, 2025 | $0.3500 |
| Sep 16, 2025 | $0.3500 |
| Jun 16, 2025 | $0.3500 |
| Mar 17, 2025 | $0.3500 |
| Dec 16, 2024 | $0.3400 |
| Sep 16, 2024 | $0.3400 |
| Jun 13, 2024 | $0.3400 |
| Mar 14, 2024 | $0.3400 |
| Dec 13, 2023 | $0.3300 |
| Sep 14, 2023 | $0.3300 |
| Jun 14, 2023 | $0.3300 |
| Mar 15, 2023 | $0.3300 |
| Dec 14, 2022 | $0.3200 |
| Sep 15, 2022 | $0.3200 |
| Jun 14, 2022 | $0.3200 |
| Mar 16, 2022 | $0.3200 |
| Dec 15, 2021 | $0.3100 |
| Sep 15, 2021 | $0.3100 |
| Jun 15, 2021 | $0.3100 |
| Mar 16, 2021 | $0.3100 |
| Dec 15, 2020 | $0.3000 |
| Sep 15, 2020 | $0.3000 |
| Jun 15, 2020 | $0.3000 |