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Horace Mann Educators HMN Term Life — Interest accruals

Other product segments

Experience life
$11.1M-3.5%
Limited-Pay Whole Life
$1.1M0.0%
SPIA (life contingent)
$1M-9.1%

Similar metrics at other companies

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EQHTerm — Interest accrual
$36M-7.7%
Lincoln National logo
LNCTraditional Life — Interest accrual
$92M-7.1%
Fidelity National Financial logo
FNFPRT — Interest accrual
$0
Equitable Holdings logo
EQHHealth — Interest accrual
$12M0.0%
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EQHPayout — Interest accrual
$53M+10.4%
Equitable Holdings logo
EQHUL — Interest accrual
$15M0.0%

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:LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitInterestExpense.

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(0.5)(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)
Balance at June 30, 2026501.7393.0780.989.8377.691.5

Item 1. Consolidated Financial Statements

FAQ

What is Horace Mann Educators's term life — interest accruals?
Horace Mann Educators (HMN) reported term life — interest accruals of $4.5M in Q2 2026.
How has Horace Mann Educators's term life — interest accruals changed year-over-year?
Horace Mann Educators's term life — interest accruals increased by 4.7% year-over-year, from $4.3M to $4.5M.
What is the long-term trend for Horace Mann Educators's term life — interest accruals?
Over 3 years (2021 to 2025), Horace Mann Educators's term life — interest accruals has grown at a 12.3% compound annual growth rate (CAGR), from $12M to $17M.
What does term life — interest accruals mean?
This metric tracks the interest credited to or accrued on term life insurance policy reserves and related liabilities over time. It reflects the cost of capital associated with maintaining these long-term insurance obligations. Monitoring this helps investors understand the impact of interest rate environments on the company's ongoing liability servicing costs.

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