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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.70B | $1.60B | $1.49B | $1.38B | $1.33B | $1.31B |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - |
| Total Operating Expenses | $334.40M | $294.90M | - | - | - | - |
| D&A | $27.10M | $26.40M | $26.20M | $27.60M | $18.40M | $23.42M |
| Operating Income | $201.20M | $128.60M | $53.30M | ($11.90M) | $174.90M | $159.58M |
| Interest Expense | $36.40M | $34.60M | $29.70M | $19.40M | $13.90M | $15.21M |
| Income Tax | $39.10M | $25.80M | $8.30M | ($9.30M) | $32.10M | $26.27M |
| Net Income | $162.10M | $102.80M | $45.00M | ($2.60M) | $142.80M | $133.31M |
| EPS - Basic | $3.93 | $2.49 | $1.09 | ($0.06) | $3.40 | $3.18 |
| EPS - Diluted | $3.90 | $2.48 | $1.09 | ($0.06) | $3.39 | $3.17 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $27.50M | $38.10M | $29.70M | $42.80M | $133.70M | $22.32M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $15.27B | $14.49B | $14.05B | $13.45B | $14.38B | $13.47B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $593.40M | $547.00M | $546.00M | $249.00M | $253.60M | $302.32M |
| Total Liabilities | $13.78B | $13.20B | $12.87B | $12.36B | $12.58B | $11.68B |
| Stockholders' Equity | $1.48B | $1.29B | $1.18B | $1.09B | $1.81B | $1.79B |
| Retained Earnings | $1.65B | $1.55B | $1.50B | $1.47B | $1.52B | $1.43B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $553.20M | $452.10M | $302.10M | $171.50M | $204.90M | $259.79M |
| Investing Cash Flow | ($252.10M) | ($135.80M) | ($107.40M) | ($214.60M) | ($302.00M) | ($406.76M) |
| Financing Cash Flow | ($311.70M) | ($307.90M) | ($207.80M) | ($47.80M) | $208.50M | $143.78M |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 11.8% | 8.1% | 3.6% | -0.9% | 13.1% | 12.2% |
| EBITDA margin | 13.4% | 9.7% | 5.3% | 1.1% | 14.5% | 14.0% |
| Net margin | 9.5% | 6.4% | 3.0% | -0.2% | 10.7% | 10.2% |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | 19.4% | 20.1% | 15.6% | - | 18.4% | 16.5% |
| Return on assets | 1.1% | 0.7% | 0.3% | -0.0% | 1.0% | 1.0% |
| Return on equity | 10.9% | 8.0% | 3.8% | -0.2% | 7.9% | 7.4% |
| Return on invested capital | 7.8% | 5.6% | 2.6% | -0.7% | 6.9% | 6.4% |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 0.40 | 0.42 | 0.46 | 0.23 | 0.14 | 0.17 |
| Debt / Assets | 0.04 | 0.04 | 0.04 | 0.02 | 0.02 | 0.02 |
| Debt / EBITDA | 2.60 | 3.53 | 6.87 | 15.86 | 1.31 | 1.65 |
| Interest coverage | 5.5x | 3.7x | 1.8x | -0.6x | 12.6x | 10.5x |
| Equity multiplier | 10.30 | 11.25 | 11.95 | 12.36 | 7.96 | 7.53 |
| Liabilities / Assets | 0.90 | 0.91 | 0.92 | 0.92 | 0.87 | 0.87 |
| Efficiency | ||||||
| Asset turnover | 0.11 | 0.11 | 0.11 | 0.10 | 0.09 | 0.10 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 11.8x | 15.8x | 30.0x | - | 11.4x | 13.3x |
| P / B | 1.3x | 1.3x | 1.2x | 1.4x | 0.9x | 1.0x |
| P / S | 1.1x | 1.0x | 0.9x | 1.1x | 1.2x | 1.3x |
| EV / EBITDA | 10.9x | 13.8x | 23.5x | 112.6x | 9.1x | 11.2x |
| Growth | ||||||
| Revenue growth (YoY) | 6.7% | 6.9% | 7.9% | 4.0% | 1.5% | -8.4% |
| Revenue CAGR (3y) | 7.2% | 6.2% | 4.4% | -1.1% | 3.7% | 3.8% |
| Revenue CAGR (5y) | 5.4% | 2.2% | 4.6% | 3.4% | 3.3% | 3.9% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 56.5% | 141.3% | - | - | 9.6% | -32.5% |
| Net income growth (YoY) | 57.7% | 128.4% | - | - | 7.1% | -27.7% |
| EPS growth (YoY) | 57.3% | 127.5% | - | - | 6.9% | -28.0% |
| EPS CAGR (3y) | - | -9.9% | -29.9% | - | 97.5% | -8.1% |
| EPS CAGR (5y) | 4.2% | -10.8% | 19.9% | - | 10.9% | 7.6% |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 15.2% | 9.5% | 8.0% | -39.8% | 1.0% | 14.2% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✓Asset turnover improved
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 |