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Horace Mann Educators HMN SPIA (life contingent) — Interest accruals
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Where this comes from
Reported directly by Horace Mann Educators in its filing.
Tagged under the XBRL concept us-gaap:LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitInterestExpense.
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) |
|---|---|---|---|---|---|---|
| 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 |
| Effect of changes in discount rate assumptions | (114.8) | (44.4) | 30.0 | (29.5) | (86.7) | (8.2) |
| Balance at June 30, 2026 | 501.7 | 393.0 | 780.9 | 89.8 | 377.6 | 91.5 |
Item 1. Consolidated Financial Statements
FAQ
- What is Horace Mann Educators's SPIA (life contingent) — interest accruals?
- Horace Mann Educators (HMN) reported SPIA (life contingent) — interest accruals of $1M in Q2 2026.
- How has Horace Mann Educators's SPIA (life contingent) — interest accruals changed year-over-year?
- Horace Mann Educators's SPIA (life contingent) — interest accruals decreased by 9.1% year-over-year, from $1.1M to $1M.
- What is the long-term trend for Horace Mann Educators's SPIA (life contingent) — interest accruals?
- Over 3 years (2021 to 2025), Horace Mann Educators's SPIA (life contingent) — interest accruals has grown at a -3.1% compound annual growth rate (CAGR), from $4.5M to $4.1M.
- What does SPIA (life contingent) — interest accruals mean?
- This represents the periodic interest expense added to the annuity liability balance based on the guaranteed or credited rates promised to policyholders. It reflects the cost of capital associated with maintaining these long-term retirement obligations. Tracking this metric helps investors understand the impact of interest rate environments on the company's ongoing liability growth.
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