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Horace Mann Educators HMN Fixed Indexed Account Annuities — Cash surrender value

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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 hmn:PolicyholderAccountBalanceCashSurrenderValueDuringPeriod.

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 / Indexed Universal LifeThree Months Ended June 30, 2026 / Experience Life(1)Three Months Ended June 30, 2026 / Fixed Account AnnuitiesThree Months Ended June 30, 2026 / Fixed Indexed Account AnnuitiesThree Months Ended June 30, 2026 / SPIA (non-life contingent)
Balance at June 30, 2026$107.9$52.8$4,469.0$360.7$25.8
Weighted-average crediting rate8.2%5.3%3.9%6.4%3.4%
Net amount at risk(6)$22.2
Cash surrender value$84.3$52.2$4,421.0$356.9$25.5
($ in millions)Three Months Ended June 30, 2025
Indexed Universal LifeExperience Life(1)Fixed Account AnnuitiesFixed Indexed Account AnnuitiesSPIA (non-life contingent)
Balance at April 1, 2025$78.2$57.4$4,495.9$399.7$28.3
Premiums received(2)$4.9$(0.2)$46.6$3.4$0.8

Item 1. Consolidated Financial Statements

FAQ

What is Horace Mann Educators's fixed indexed account annuities — cash surrender value?
Horace Mann Educators (HMN) reported fixed indexed account annuities — cash surrender value of $356.9M in Q2 2026.
How has Horace Mann Educators's fixed indexed account annuities — cash surrender value changed year-over-year?
Horace Mann Educators's fixed indexed account annuities — cash surrender value decreased by 6.7% year-over-year, from $382.7M to $356.9M.
What does fixed indexed account annuities — cash surrender value mean?
Represents the total amount that policyholders would receive if they were to terminate their annuity contracts immediately, typically net of any applicable surrender charges. It serves as a measure of the liquidity risk and the potential cash outflow the company could face under stress scenarios.

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