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Horace Mann Educators HMN Supplemental health — Issuances

Other product segments

Term Life
$5.5M-6.8%
Limited-Pay Whole Life
$500K0.0%
Experience life
$0
SPIA (life contingent)
$0-100%

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$154M+117%

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+17.8%
Enterprise value$2.73B+15.7%
P/E12.3×-0.9×
P/S1.3×+0.1×

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:LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitIssuance.

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)
Changes in cash flow assumptions
Actual variances from expected experience(0.5)(1.2)0.11.3(0.1)
Adjusted balance at April 1, 2026615.3432.5755.9118.6465.2101.6
Issuances2.85.60.54.7
Interest accruals5.44.511.11.13.51.0
Benefit payments(6)(7.0)(5.2)(16.1)(0.9)(9.1)(2.9)
June 30, 2026 balance at original discount rate616.5437.4750.9119.3464.399.7
Effect of changes in discount rate assumptions(114.8)(44.4)30.0(29.5)(86.7)(8.2)

Item 1. Consolidated Financial Statements

FAQ

What is Horace Mann Educators's supplemental health — issuances?
Horace Mann Educators (HMN) reported supplemental health — issuances of $4.7M in Q2 2026.
How has Horace Mann Educators's supplemental health — issuances changed year-over-year?
Horace Mann Educators's supplemental health — issuances decreased by 28.8% year-over-year, from $6.6M to $4.7M.
What is the long-term trend for Horace Mann Educators's supplemental health — issuances?
Over 3 years (2021 to 2025), Horace Mann Educators's supplemental health — issuances has grown at a 20.8% compound annual growth rate (CAGR), from $13M to $22.9M.
What does supplemental health — issuances mean?
This metric tracks the total value of new supplemental health insurance policies issued during a specific period. It serves as a key indicator of sales growth, market penetration, and the company's ability to attract new policyholders within its target demographic. Higher issuance volumes generally signal successful product distribution and competitive positioning in the supplemental health market.

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