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Horace Mann Educators HMN Property & Casualty — Reinsurance balances receivable

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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:ReinsuranceRecoverables.

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 — reinsurance balances receivable?
Horace Mann Educators (HMN) reported property & casualty — reinsurance balances receivable of $101.2M in Q4 2025.
How has Horace Mann Educators's property & casualty — reinsurance balances receivable changed year-over-year?
Horace Mann Educators's property & casualty — reinsurance balances receivable increased by 0.4% year-over-year, from $100.8M to $101.2M.
What does property & casualty — reinsurance balances receivable mean?
The amount of claims and related expenses that the property and casualty segment expects to recover from third-party reinsurers. This metric highlights the extent to which the company mitigates its underwriting risk by transferring a portion of its liabilities to other insurance entities.

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