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Horace Mann Educators HMN Term Life — Expected future benefits and expenses, undiscounted

Other product segments

Experience life
$1.49B-6.9%
Limited-Pay Whole Life
$342M+9.6%
SPIA (life contingent)
$139.7M-5.4%

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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:LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitUndiscountedBeforeReinsurance.

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)As of June 30, 2026 / UndiscountedAs of June 30, 2026 / DiscountedAs of December 31, 2025 / UndiscountedAs of December 31, 2025 / Discounted
Expected future benefits and expenses1,349.3616.41,340.4631.9
Term life
Expected future gross premiums700.1454.8692.2456.7
Expected future benefits and expenses751.5437.3735.9429.8
Experience Life
Expected future gross premiums434.4246.7453.1256.3
Expected future benefits and expenses1,492.8750.91,531.5763.3
Limited-pay whole life

Item 1. Consolidated Financial Statements

FAQ

What is Horace Mann Educators's term life — expected future benefits and expenses, undiscounted?
Horace Mann Educators (HMN) reported term life — expected future benefits and expenses, undiscounted of $751.5M in Q2 2026.
How has Horace Mann Educators's term life — expected future benefits and expenses, undiscounted changed year-over-year?
Horace Mann Educators's term life — expected future benefits and expenses, undiscounted decreased by 0.5% year-over-year, from $755.5M to $751.5M.
What is the long-term trend for Horace Mann Educators's term life — expected future benefits and expenses, undiscounted?
Over 2 years (2023 to 2025), Horace Mann Educators's term life — expected future benefits and expenses, undiscounted has grown at a 3.5% compound annual growth rate (CAGR), from $2.77B to $2.96B.
What does term life — expected future benefits and expenses, undiscounted mean?
The total nominal value of all projected future benefit payments and associated administrative expenses for the term life insurance segment. This figure represents the undiscounted liability the company expects to fulfill for its policyholders. Monitoring this helps management assess the scale of future obligations relative to premium income.

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