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Horace Mann Educators HMN Limited-Pay Whole Life — Adjusted balance

Other product segments

Term Life
$259.8M-4.3%
Experience life
$62.4M-5.9%
SPIA (life contingent)
$0

Similar metrics at other companies

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METWhole and Term Life & Endowments — Adjusted balance
1,534,600,000,000%+13,700,000,000pp
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METFixed Annuity — Adjusted balance
1,159,200,000,000%+246,000,000,000pp
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METAccident & health insurance — Adjusted balance
1,817,000,000,000%-45,000,000,000pp
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METFixed & Immediate Annuities — Adjusted balance
8,146,800,000,000%+1,192,500,000,000pp
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METLong-term Care — Adjusted balance
2,159,700,000,000%+54,700,000,000pp
Jackson Financial logo
JXNClosed Block Life — Balance adjusted for variances from expectation
$1.08B

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$2.1B+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 LifeTerm LifeExperience Life(1)Limited-Pay Whole LifeSupplemental 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, 2026252.0259.862.435.9217.1
Issuances(3)2.85.50.54.7
Interest accruals(4)2.12.80.90.31.8
Net premiums collected(5)(6.2)(6.8)(1.7)(1.2)(6.9)
June 30, 2026 balance at original discount rate250.8261.361.635.6216.6

Item 1. Consolidated Financial Statements

FAQ

What is Horace Mann Educators's limited-pay whole life — adjusted balance?
Horace Mann Educators (HMN) reported limited-pay whole life — adjusted balance of $35.9M in Q1 2026.
How has Horace Mann Educators's limited-pay whole life — adjusted balance changed year-over-year?
Horace Mann Educators's limited-pay whole life — adjusted balance decreased by 1.1% year-over-year, from $36.3M to $35.9M.
What does limited-pay whole life — adjusted balance mean?
The adjusted balance represents the net carrying value of the liability for future policy benefits after accounting for all actuarial adjustments, experience variances, and assumption changes. It provides a comprehensive view of the total reserve obligation for the limited-pay whole life product line. This figure is vital for evaluating the solvency and capital adequacy of the specific insurance segment.

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