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Horace Mann Educators HMN Limited-Pay Whole Life — Current discount rate

Other product segments

Experience life
5.6%+1.8%
Term Life
5.6%+3.7%
SPIA (life contingent)
5.4%+1.9%

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GNWLife insurance — Current discount rate
5.2%+0.1pp
CNO Financial Group logo
CNOTraditional life — Current discount rate
5.6%+0.1pp
F&G Annuities & Life logo
FGTraditional Life — Current discount rate
5.1%+0.1pp
Jackson Financial logo
JXNClosed Block Life — Current discount rate
5.5%0.0pp

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+17.8%
Enterprise value$2.73B+15.7%
P/E12.3×-0.9×
P/S1.3×+0.1×

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:LiabilityForFuturePolicyBenefitCurrentWeightedAverageDiscountRate.

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
Line itemAs of June 30, 2026As of June 30, 2025
Current discount rate5.6%5.5%
Limited-pay whole life
Interest accretion rate4.0%4.0%
Current discount rate5.9%5.8%
Supplemental health
Interest accretion rate1.7% - 2.8%1.7% - 2.8%
Current discount rate5.6% - 5.7%5.5% - 5.7%
SPIA (life contingent)

Item 1. Consolidated Financial Statements

FAQ

What is Horace Mann Educators's limited-pay whole life — current discount rate?
Horace Mann Educators (HMN) reported limited-pay whole life — current discount rate of 5.9% in Q2 2026.
How has Horace Mann Educators's limited-pay whole life — current discount rate changed year-over-year?
Horace Mann Educators's limited-pay whole life — current discount rate increased by 1.7% year-over-year, from 5.8% to 5.9%.
What is the long-term trend for Horace Mann Educators's limited-pay whole life — current discount rate?
Over 3 years (2022 to 2025), Horace Mann Educators's limited-pay whole life — current discount rate has grown at a 6.7% compound annual growth rate (CAGR), from 19.1% to 23.2%.
What does limited-pay whole life — current discount rate mean?
The interest rate used to discount future cash flows, such as premiums and benefits, to their present value for the Limited-Pay Whole Life segment. This rate is typically aligned with high-quality fixed-income yields and is sensitive to broader market interest rate environments. Changes in this rate directly impact the valuation of insurance liabilities and the reported financial position.

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