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Horace Mann Educators HMN Disability — Liability for Future Policy Benefit, after Reinsurance

Other product segments

Experience life
$720.5M-3.8%
Term Life
$122.3M+3.7%
SPIA (life contingent)
$89.3M-4.6%
Other
$80.3M-6.7%
Cancer
$64.4M-10.7%
Limited-Pay Whole Life
$52.7M+0.8%
Accident
$17.3M-7.5%

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$633M-8.3%
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AMPDisability Income Insurance — Liability for Future Policy Benefit, after Reinsurance
$432M-8.1%
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PFGIndividual Disability — Liability For Future Policy Benefit After Reinsurance
$1.55B+5.8%
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AMPDisability Income Insurance — Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change
$488M-10.0%
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PFGIndividual Disability — Liability For Future Policy Benefit Expected Future Policy Benefit Undiscounted Before Reinsurance
$10B+1.4%
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AFLDisability — Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change
232,200,000,000%-4,000,000,000pp

Other financials

Income statement

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Revenue$429.3M+3.1%
Net income$41.2M+7.9%
EPS (diluted)$1.00+8.7%

Balance sheet

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Cash & equivalents$20.9M-31.0%
Total debt$593.8M+8.5%
Total equity$1.5B+9.5%
Total assets$15.0B+4.0%

Cash flow

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Operating cash flow$61.3M-56.5%

Valuation

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Market cap$2.04B+18.8%
Enterprise value$2.61B+17.0%
P/E12.4×-2.6×
P/S1.2×+0.1×

Profitability

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Net margin9.6%+2.6pp

Returns & leverage

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Return on equity11.7%+2.8pp
Debt / equity0.4×0.0×

Where this comes from

Reported directly by Horace Mann Educators in its filing.

Tagged under the XBRL concept us-gaap:LiabilityForFuturePolicyBenefitAfterReinsurance.

The official record: Horace Mann Educators’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Horace Mann Educators's disability — liability for future policy benefit, after reinsurance?
Horace Mann Educators (HMN) reported disability — liability for future policy benefit, after reinsurance of $21.2M in Q1 2026.
How has Horace Mann Educators's disability — liability for future policy benefit, after reinsurance changed year-over-year?
Horace Mann Educators's disability — liability for future policy benefit, after reinsurance decreased by 2.8% year-over-year, from $21.8M to $21.2M.
What is the long-term trend for Horace Mann Educators's disability — liability for future policy benefit, after reinsurance?
Over 2 years (2023 to 2025), Horace Mann Educators's disability — liability for future policy benefit, after reinsurance has grown at a -2.9% compound annual growth rate (CAGR), from $91.7M to $86.5M.
What does disability — liability for future policy benefit, after reinsurance mean?
This metric represents the net actuarial reserve held by the company to cover future benefit obligations for disability-related supplemental health insurance policies, adjusted for reinsurance recoveries. It reflects the estimated present value of future claims and expenses that the company expects to pay out over the life of these contracts. Monitoring this liability is essential for assessing the long-term underwriting risk and the adequacy of reserves maintained for the disability insurance product line.