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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
$300K0.0%

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$53.4M+1.5%

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: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 LifeTerm LifeExperience Life(1)Limited-Pay Whole LifeSupplemental Health(2)SPIA (life contingent)
Actual variances from expected experience(0.4)(0.1)(0.8)1.4
Adjusted balance at April 1, 2026252.0259.862.435.9217.1
Issuances(3)2.85.50.54.7
Interest accruals(4)2.12.80.90.31.8
Net premiums collected(5)(6.2)(6.8)(1.7)(1.2)(6.9)
June 30, 2026 balance at original discount rate250.8261.361.635.6216.6
Effect of changes in discount rate assumptions(29.4)(16.8)1.4(1.9)(27.6)
Balance at June 30, 2026221.4244.563.033.7189.0

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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