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Horace Mann Educators HMN Property & Casualty — Gross reserves, end of year

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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:LiabilityForClaimsAndClaimsAdjustmentExpense.

The source filing: Horace Mann Educators’s 10-K, filed February 27, 2026.

Filed
Feb 27, 2026, 1:09 PM EST
Fiscal year
FY2025
Accession
0000850141-26-000007
($ in millions)Years Ended December 31, 2025Years Ended December 31, 2024Years Ended December 31, 2023
Total claims and claim expenses incurred496.0541.0557.0
Claims and claim expense payments for claims occurring during:
Current year340.4368.1353.1
Prior years172.1165.9179.0
Total claims and claim expense payments512.5534.0532.1
Net reserves, end of year303.3319.8312.8
Plus: reinsurance recoverables101.2100.8104.0
Gross reserves, end of year$404.5$420.6$416.8

ITEM 8. I Financial Statements and Supplementary Data

FAQ

What is Horace Mann Educators's property & casualty — gross reserves, end of year?
Horace Mann Educators (HMN) reported property & casualty — gross reserves, end of year of $404.5M in Q4 2025.
How has Horace Mann Educators's property & casualty — gross reserves, end of year changed year-over-year?
Horace Mann Educators's property & casualty — gross reserves, end of year decreased by 3.8% year-over-year, from $420.6M to $404.5M.
What does property & casualty — gross reserves, end of year mean?
The total estimated liability for unpaid claims and associated adjustment expenses for the property and casualty segment at the end of the reporting period. This figure reflects the company's actuarial assessment of future payouts required for both reported and incurred-but-not-reported claims.

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