How has Horace Mann Educators's experience life — adjusted balance changed year-over-year?

Horace Mann Educators's experience life — adjusted balance decreased by 5.9% year-over-year, from $66.3M to $62.4M.

What does experience life — adjusted balance mean?

Represents the total carrying value of life insurance policy liabilities after accounting for all periodic adjustments, including discount rate changes and experience variances. This provides a comprehensive view of the net liability position for the segment. It is essential for understanding the total capital burden imposed by the life insurance product line.

Horace Mann Educators (HMN) Experience life — Adjusted balance

Screener

Other product segments

Term Life

$259.8M-4.3%

Limited-Pay Whole Life

$35.9M-1.1%

SPIA (life contingent)

$0—

Similar metrics at other companies

METWhole and Term Life & Endowments — Adjusted balance

1,534,600,000,000%+13,700,000,000pp

METFixed Annuity — Adjusted balance

1,159,200,000,000%+246,000,000,000pp

METAccident & health insurance — Adjusted balance

1,817,000,000,000%-45,000,000,000pp

METFixed & Immediate Annuities — Adjusted balance

8,146,800,000,000%+1,192,500,000,000pp

METLong-term Care — Adjusted balance

2,159,700,000,000%+54,700,000,000pp

JXNClosed Block Life — Balance adjusted for variances from expectation

$1.08B—

Other financials

Income statement

See full

Revenue$443.5M+7.7%

Net income$41.6M+41.5%

EPS (diluted)$1.01+42.3%

Balance sheet

See full

Cash & equivalents$46.2M+13.0%

Total debt$594.2M+8.5%

Total equity$1.5B+10.5%

Total assets$15.6B+5.9%

Cash flow

See full

Operating cash flow$223.7M+70.4%

Valuation

See full

Market cap$2.1B+21.9%

Enterprise value$2.65B+18.7%

P/E11.9×-0.5×

P/S1.2×+0.2×

Profitability

See full

Net margin10.2%+1.7pp

Returns & leverage

See full

Return on equity12.4%+1.5pp

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:LiabilityForFuturePolicyBenefitExpectedNetPremiumOriginalDiscountRateBeforeReinsuranceAfterCashFlowChange.

The source filing: Horace Mann Educators’s 10-Q, filed August 7, 2026.

Filed: Aug 7, 2026, 12:31 PM EDT
Fiscal quarter: Q2 FY2026
Calendar quarter: Q2 2026
Accession: 0000850141-26-000033

($ in millions)	Whole Life	Term Life	Experience Life(1)	Limited-Pay Whole Life	Supplemental Health(2)	SPIA (life contingent)
Effect of:
Change in cash flow assumptions	—	—	—	—	—	—
Actual variances from expected experience	(0.4)	(0.1)	(0.8)	—	1.4	—
Adjusted balance at April 1, 2026	252.0	259.8	62.4	35.9	217.1	—
Issuances(3)	2.8	5.5	—	0.5	4.7	—
Interest accruals(4)	2.1	2.8	0.9	0.3	1.8	—
Net premiums collected(5)	(6.2)	(6.8)	(1.7)	(1.2)	(6.9)	—
June 30, 2026 balance at original discount rate	250.8	261.3	61.6	35.6	216.6	—

Item 1. Consolidated Financial Statements

FAQ

What is Horace Mann Educators's experience life — adjusted balance?: Horace Mann Educators (HMN) reported experience life — adjusted balance of $62.4M in Q1 2026.
How has Horace Mann Educators's experience life — adjusted balance changed year-over-year?: Horace Mann Educators's experience life — adjusted balance decreased by 5.9% year-over-year, from $66.3M to $62.4M.
What does experience life — adjusted balance mean?: Represents the total carrying value of life insurance policy liabilities after accounting for all periodic adjustments, including discount rate changes and experience variances. This provides a comprehensive view of the net liability position for the segment. It is essential for understanding the total capital burden imposed by the life insurance product line.