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

Other product segments

Experience life
$1.51B-6.6%
Term Life
$742.6M-0.3%
Limited-Pay Whole Life
$339.4M+9.8%

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Other financials

Income statement

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Revenue$429.3M+3.1%
Net income$41.2M+7.9%
EPS (diluted)$1.00+8.7%

Balance sheet

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Cash & equivalents$20.9M-31.0%
Total debt$593.8M+8.5%
Total equity$1.5B+9.5%
Total assets$15.0B+4.0%

Cash flow

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Operating cash flow$61.3M-56.5%

Valuation

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Market cap$2.04B+18.8%
Enterprise value$2.61B+17.0%
P/E12.4×-2.6×
P/S1.2×+0.1×

Profitability

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Net margin9.6%+2.6pp

Returns & leverage

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Return on equity11.7%+2.8pp
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 official record: Horace Mann Educators’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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 $142.6M in Q1 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 4.2% year-over-year, from $148.8M to $142.6M.
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.