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.

Horace Mann Educators HMN SPIA (life contingent) — Interest accruals

Other product segments

Term Life

$2.8M0.0%

Experience life

$900K0.0%

Limited-Pay Whole Life

$400K0.0%

Similar metrics at other companies

KMPRTerm Life Insurance — Interest Accrual

$7.3M0.0%

CRBGLife Insurance — Interest accrual

$197M-1.5%

APOPayout Annuities with Life Contingencies — Interest accrual

$433M-2.0%

GLOther — Interest accrual

$5.35M-5.0%

JXNPayout Annuities — Interest accrual

$0—

CBSegment Life — Interest accrual

$311M+11.1%

Other financials

Income statement

See full

Revenue$429.3M+3.1%

Net income$41.2M+7.9%

EPS (diluted)$1.00+8.7%

Balance sheet

See full

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

See full

Operating cash flow$61.3M-56.5%

Valuation

See full

Market cap$2.05B-1.1%

Enterprise value$2.62B+1.6%

P/E12.4×-5.7×

P/S1.2×-0.1×

Profitability

See full

Net margin9.6%+2.6pp

Returns & leverage

See full

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:LiabilityForFuturePolicyBenefitExpectedNetPremiumInterestIncome.

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) — interest accruals?: Horace Mann Educators (HMN) reported SPIA (life contingent) — interest accruals of $0 in Q1 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.