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Horace Mann Educators HMN Limited-Pay Whole Life — Interest accruals

Other product segments

Experience life
$11.1M-3.5%
Term Life
$4.5M+4.7%
SPIA (life contingent)
$1M-9.1%

Similar metrics at other companies

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LNCTraditional Life — Interest accrual
$92M-7.1%
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FNFPRT — Interest accrual
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EQHHealth — Interest accrual
$12M0.0%
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EQHPayout — Interest accrual
$53M+10.4%
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EQHTerm — Interest accrual
$36M-7.7%
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EQHUL — Interest accrual
$15M0.0%

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: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 LifeTerm LifeExperience Life(1)Limited-Pay Whole LifeSupplemental Health(2)SPIA (life contingent)
Actual variances from expected experience(0.5)(1.2)0.11.3(0.1)
Adjusted balance at April 1, 2026615.3432.5755.9118.6465.2101.6
Issuances2.85.60.54.7
Interest accruals5.44.511.11.13.51.0
Benefit payments(6)(7.0)(5.2)(16.1)(0.9)(9.1)(2.9)
June 30, 2026 balance at original discount rate616.5437.4750.9119.3464.399.7
Effect of changes in discount rate assumptions(114.8)(44.4)30.0(29.5)(86.7)(8.2)
Balance at June 30, 2026501.7393.0780.989.8377.691.5

Item 1. Consolidated Financial Statements

FAQ

What is Horace Mann Educators's limited-pay whole life — interest accruals?
Horace Mann Educators (HMN) reported limited-pay whole life — interest accruals of $1.1M in Q2 2026.
How has Horace Mann Educators's limited-pay whole life — interest accruals changed year-over-year?
Horace Mann Educators's limited-pay whole life — interest accruals decreased by 0.0% year-over-year, from $1.1M to $1.1M.
What is the long-term trend for Horace Mann Educators's limited-pay whole life — interest accruals?
Over 3 years (2021 to 2025), Horace Mann Educators's limited-pay whole life — interest accruals has grown at a 15.8% compound annual growth rate (CAGR), from $2.9M to $4.5M.
What does limited-pay whole life — interest accruals mean?
This metric represents the interest credited to policyholder account balances or the accretion of insurance liabilities related to limited pay whole life products over time. It reflects the cost of funds associated with these long-duration liabilities and the impact of the company's crediting rate strategy. Monitoring this helps investors understand the interest margin and the long-term cost of servicing the insurance block.

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