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Horace Mann Educators HMN Limited-Pay Whole Life — Deferred policy acquisition costs

Other product segments

Term Life
$35.9M+3.2%
Experience life
$5M-7.4%

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$377M+4.1%

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 us-gaap:DeferredPolicyAcquisitionCosts.

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 / Whole LifeThree Months Ended June 30, 2026 / Term LifeThree Months Ended June 30, 2026 / Experience LifeThree Months Ended June 30, 2026 / Limited-Pay Whole LifeThree Months Ended June 30, 2026 / Indexed Universal LifeThree Months Ended June 30, 2026 / Supplemental HealthThree Months Ended June 30, 2026 / Total Annuities
Capitalizations0.70.90.21.31.43.4
Amortization expense(0.3)(0.8)(0.1)(0.1)(0.3)(0.4)(4.1)
Experience adjustment(0.1)(0.4)
Balance, end of period$25.5$35.9$5.0$8.4$24.9$15.6$205.3
($ in millions)Three Months Ended June 30, 2025
Whole LifeTerm LifeExperience LifeLimited-Pay Whole LifeIndexed Universal LifeSupplemental HealthTotal Annuities
Balance, beginning of period$24.1$34.5$5.4$8.0$19.8$11.2$210.4
Capitalizations0.81.00.10.20.81.13.2

Item 1. Consolidated Financial Statements

FAQ

What is Horace Mann Educators's limited-pay whole life — deferred policy acquisition costs?
Horace Mann Educators (HMN) reported limited-pay whole life — deferred policy acquisition costs of $8.4M in Q2 2026.
How has Horace Mann Educators's limited-pay whole life — deferred policy acquisition costs changed year-over-year?
Horace Mann Educators's limited-pay whole life — deferred policy acquisition costs increased by 3.7% year-over-year, from $8.1M to $8.4M.
What is the long-term trend for Horace Mann Educators's limited-pay whole life — deferred policy acquisition costs?
Over 2 years (2023 to 2025), Horace Mann Educators's limited-pay whole life — deferred policy acquisition costs has grown at a 7.1% compound annual growth rate (CAGR), from $28.4M to $32.6M.
What does limited-pay whole life — deferred policy acquisition costs mean?
Represents the unamortized balance of costs directly associated with the acquisition of new insurance contracts within the Limited-Pay Whole Life segment. These costs are capitalized and recognized as an asset to be matched against future revenues generated by the policies. Monitoring this balance helps investors understand the company's investment in long-term policy growth.

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