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Horace Mann Educators HMN SPIA (life contingent) — Interest accretion rate

Other product segments

Experience life
6.1%0.0%
Term Life
4.3%+2.4%
Limited-Pay Whole Life
4%0.0%

Similar metrics at other companies

Fidelity National Financial logo
FNFTraditional Life — Interest accretion rate
2.4%0.0pp
CNO Financial Group logo
CNOTraditional life — Interest accretion rate
4.8%0.0pp
F&G Annuities & Life logo
FGTraditional Life — Interest accretion rate
2.4%0.0pp
Unum logo
UNMColonial Life — Interest accretion rate
4.4%0.0pp
Lincoln National logo
LNCTraditional Life — Interest accretion rate
5%0.0pp
Jackson Financial logo
JXNClosed Block Life — Interest accretion rate
3.1%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+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:LiabilityForFuturePolicyBenefitWeightedAverageInterestAccretionRate.

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) — interest accretion rate?
Horace Mann Educators (HMN) reported SPIA (life contingent) — interest accretion rate of 4.1% in Q2 2026.
How has Horace Mann Educators's SPIA (life contingent) — interest accretion rate changed year-over-year?
Horace Mann Educators's SPIA (life contingent) — interest accretion rate decreased by 0.0% year-over-year, from 4.1% to 4.1%.
What is the long-term trend for Horace Mann Educators's SPIA (life contingent) — interest accretion rate?
Over 3 years (2022 to 2025), Horace Mann Educators's SPIA (life contingent) — interest accretion rate has grown at a 0.8% compound annual growth rate (CAGR), from 16% to 16.4%.
What does SPIA (life contingent) — interest accretion rate mean?
This rate represents the interest applied to the liability for future policy benefits over time, reflecting the growth of the reserve balance. It is a critical factor in determining the cost of capital for the annuity segment and the pace at which liabilities increase.

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