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Horace Mann Educators HMN SPIA (life contingent) — Current discount rate

Other product segments

Limited-Pay Whole Life
5.9%+1.7%
Experience life
5.6%+1.8%
Term Life
5.6%+3.7%

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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
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)
Interest accretion rate1.7% - 4.1%1.7% - 4.1%
Current discount rate5.4% - 5.4%5.2% - 5.3%

Item 1. Consolidated Financial Statements

FAQ

What is Horace Mann Educators's SPIA (life contingent) — current discount rate?
Horace Mann Educators (HMN) reported SPIA (life contingent) — current discount rate of 5.4% in Q2 2026.
How has Horace Mann Educators's SPIA (life contingent) — current discount rate changed year-over-year?
Horace Mann Educators's SPIA (life contingent) — current discount rate increased by 1.9% year-over-year, from 5.3% to 5.4%.
What is the long-term trend for Horace Mann Educators's SPIA (life contingent) — current discount rate?
Over 3 years (2022 to 2025), Horace Mann Educators's SPIA (life contingent) — current discount rate has grown at a 4.0% compound annual growth rate (CAGR), from 18.6% to 20.9%.
What does SPIA (life contingent) — current discount rate mean?
This metric is the prevailing discount rate used to value the present value of future policy benefits for the annuity segment at the current reporting date. Changes in this rate directly impact the valuation of insurance liabilities and the resulting financial position.

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