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Horace Mann Educators HMN SPIA (life contingent) — Expected future benefits and expenses, undiscounted

Other product segments

Experience life
$1.49B-6.9%
Term Life
$751.5M-0.5%
Limited-Pay Whole Life
$342M+9.6%

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$30.41B-0.1%
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CNOTraditional life — Expected future benefits and expenses (Undiscounted)
$7.65B0.0%
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GELife — Expected future benefit payments, undiscounted
$3.92B-62.4%
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CRBGLife Insurance — Undiscounted expected future benefits and expense
$30.85B+1.9%
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APOWhole Life — Expected future benefit payments, undiscounted
$10.55B+4.7%
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PRURetirement — Undiscounted expected future benefits and expenses
$298.65B-1.3%

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:LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitUndiscountedBeforeReinsurance.

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)As of June 30, 2026 / UndiscountedAs of June 30, 2026 / DiscountedAs of December 31, 2025 / UndiscountedAs of December 31, 2025 / Discounted
Expected future gross premiums75.455.475.956.0
Expected future benefits and expenses342.0119.3337.8118.1
Supplemental health
Expected future gross premiums1,635.81,166.91,613.01,160.1
Expected future benefits and expenses684.5464.2674.0462.7
SPIA (life contingent)
Expected future gross premiums
Expected future benefits and expenses139.799.8144.6103.0

Item 1. Consolidated Financial Statements

FAQ

What is Horace Mann Educators's SPIA (life contingent) — expected future benefits and expenses, undiscounted?
Horace Mann Educators (HMN) reported SPIA (life contingent) — expected future benefits and expenses, undiscounted of $139.7M in Q2 2026.
How has Horace Mann Educators's SPIA (life contingent) — expected future benefits and expenses, undiscounted changed year-over-year?
Horace Mann Educators's SPIA (life contingent) — expected future benefits and expenses, undiscounted decreased by 5.4% year-over-year, from $147.7M to $139.7M.
What is the long-term trend for Horace Mann Educators's SPIA (life contingent) — expected future benefits and expenses, undiscounted?
Over 2 years (2023 to 2025), Horace Mann Educators's SPIA (life contingent) — expected future benefits and expenses, undiscounted has grown at a -3.4% compound annual growth rate (CAGR), from $629.1M to $587.5M.
What does SPIA (life contingent) — expected future benefits and expenses, undiscounted mean?
This metric represents the total undiscounted cash outflows projected for future policy benefits and associated administrative expenses for the life-contingent annuity segment. It is used to assess the long-term gross liability exposure before accounting for interest rate impacts.

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