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Horace Mann Educators HMN Experience life — Capitalizations

Other product segments

Term Life
$900K-10.0%
Limited-Pay Whole Life
$200K0.0%

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GLOther — Capitalizations
$3.13M+11.4%
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CIAPermanent — Capitalizations
$8.93M+2.3%
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KKROther — Capitalizations
$93.88M-4.8%

Other financials

Income statement

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Revenue$443.5M+7.7%
Net income$41.6M+41.5%
EPS (diluted)$1.01+42.3%

Balance sheet

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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

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Operating cash flow$223.7M+70.4%

Valuation

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Market cap$2.19B+26.6%
Enterprise value$2.73B+22.4%
P/E12.3×0.0×
P/S1.3×+0.2×

Profitability

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Net margin10.2%+1.7pp

Returns & leverage

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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:DeferredPolicyAcquisitionCostsAdditions.

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)Three Months Ended June 30, 2026 / Whole LifeThree Months Ended June 30, 2026 / Term LifeThree Months Ended June 30, 2026 / Experience LifeThree Months Ended June 30, 2026 / Limited-Pay Whole LifeThree Months Ended June 30, 2026 / Indexed Universal LifeThree Months Ended June 30, 2026 / Supplemental HealthThree Months Ended June 30, 2026 / Total Annuities
Balance, beginning of period$25.1$35.9$5.1$8.3$23.9$14.6$206.4
Capitalizations0.70.90.21.31.43.4
Amortization expense(0.3)(0.8)(0.1)(0.1)(0.3)(0.4)(4.1)
Experience adjustment(0.1)(0.4)
Balance, end of period$25.5$35.9$5.0$8.4$24.9$15.6$205.3
($ in millions)Three Months Ended June 30, 2025
Whole LifeTerm LifeExperience LifeLimited-Pay Whole LifeIndexed Universal LifeSupplemental HealthTotal Annuities
Balance, beginning of period$24.1$34.5$5.4$8.0$19.8$11.2$210.4

Item 1. Consolidated Financial Statements

FAQ

What is Horace Mann Educators's experience life — capitalizations?
Horace Mann Educators (HMN) reported experience life — capitalizations of $0 in Q2 2026.
How has Horace Mann Educators's experience life — capitalizations changed year-over-year?
Horace Mann Educators's experience life — capitalizations decreased by 100.0% year-over-year, from $100K to $0.
What is the long-term trend for Horace Mann Educators's experience life — capitalizations?
Over 4 years (2021 to 2025), Horace Mann Educators's experience life — capitalizations has grown at a 0.0% compound annual growth rate (CAGR), from $200K to $200K.
What does experience life — capitalizations mean?
Refers to the incremental costs incurred to acquire new insurance contracts that are deferred and recorded as assets rather than expensed immediately. This metric reflects the company's investment in growing its policy base and future revenue streams.

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