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

Horace Mann Educators's experience life — adjusted balance decreased by 3.3% year-over-year, from $781.7M to $755.9M.

What does experience life — adjusted balance mean?

This represents the net carrying value of life insurance policy liabilities after accounting for specific adjustments such as deferred acquisition costs or market-related valuation changes. It provides a normalized view of the financial obligation the company holds toward its policyholders. Monitoring this balance helps investors assess the long-term capital requirements for the life insurance segment.

Horace Mann Educators (HMN) Experience life — Adjusted balance

Screener

Other product segments

Term Life

$432.5M-1.2%

Limited-Pay Whole Life

$118.6M+2.8%

SPIA (life contingent)

$101.6M-4.3%

Similar metrics at other companies

METAccident & health insurance — Adjusted balance

3,286,500,000,000%+23,500,000,000pp

VOYABusinesses Exited — Adjusted balance at January 1

$6.52B-8.1%

VOYAEmployee Benefits Group — Adjusted balance at January 1

$791M+0.4%

VOYAEmployee Benefits Voluntary — Adjusted balance at January 1

$548M+6.0%

AGOAnnuity Reinsurance — Ending balance at original discount rate

$461M—

RGALife Insurance Product Line — Liability for Future Policy Benefit, Expected Future Benefit, Original Discount Rate, before Reinsurance, after Cash Flow Change

19,986,200,000,000%+1,279,200,000,000pp

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

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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

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:LiabilityForFuturePolicyBenefitExpectedFutureBenefitOriginalDiscountRateBeforeReinsuranceAfterCashFlowChange.

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:
Changes in cash flow assumptions	—	—	—	—	—	—
Actual variances from expected experience	(0.5)	—	(1.2)	0.1	1.3	(0.1)
Adjusted balance at April 1, 2026	615.3	432.5	755.9	118.6	465.2	101.6
Issuances	2.8	5.6	—	0.5	4.7	—
Interest accruals	5.4	4.5	11.1	1.1	3.5	1.0
Benefit payments(6)	(7.0)	(5.2)	(16.1)	(0.9)	(9.1)	(2.9)
June 30, 2026 balance at original discount rate	616.5	437.4	750.9	119.3	464.3	99.7

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 $755.9M 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 3.3% year-over-year, from $781.7M to $755.9M.
What does experience life — adjusted balance mean?: This represents the net carrying value of life insurance policy liabilities after accounting for specific adjustments such as deferred acquisition costs or market-related valuation changes. It provides a normalized view of the financial obligation the company holds toward its policyholders. Monitoring this balance helps investors assess the long-term capital requirements for the life insurance segment.