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Horace Mann Educators HMN SPIA (life contingent) — Interest accruals
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Where this comes from
Reported directly by Horace Mann Educators in its filing.
Tagged under the XBRL concept us-gaap:LiabilityForFuturePolicyBenefitExpectedNetPremiumInterestIncome.
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) | Whole Life | Term Life | Experience Life(1) | Limited-Pay Whole Life | Supplemental Health(2) | SPIA (life contingent) |
|---|---|---|---|---|---|---|
| Actual variances from expected experience | (0.4) | (0.1) | (0.8) | — | 1.4 | — |
| Adjusted balance at April 1, 2026 | 252.0 | 259.8 | 62.4 | 35.9 | 217.1 | — |
| Issuances(3) | 2.8 | 5.5 | — | 0.5 | 4.7 | — |
| Interest accruals(4) | 2.1 | 2.8 | 0.9 | 0.3 | 1.8 | — |
| Net premiums collected(5) | (6.2) | (6.8) | (1.7) | (1.2) | (6.9) | — |
| June 30, 2026 balance at original discount rate | 250.8 | 261.3 | 61.6 | 35.6 | 216.6 | — |
| Effect of changes in discount rate assumptions | (29.4) | (16.8) | 1.4 | (1.9) | (27.6) | — |
| Balance at June 30, 2026 | 221.4 | 244.5 | 63.0 | 33.7 | 189.0 | — |
Item 1. Consolidated Financial Statements
FAQ
- What is Horace Mann Educators's SPIA (life contingent) — interest accruals?
- Horace Mann Educators (HMN) reported SPIA (life contingent) — interest accruals of $0 in Q2 2026.
- What does SPIA (life contingent) — interest accruals mean?
- This represents the interest expense accrued on the liability for future policy benefits, reflecting the time value of money applied to the company's long-term obligations. It is a critical component of the cost of capital for the annuity segment.
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