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Horace Mann Educators HMN Term Life — Interest accruals

Other product segments

Experience life
$900K0.0%
Limited-Pay Whole Life
$300K0.0%
SPIA (life contingent)
$0

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$7.4M-1.3%
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AMPTerm and Whole Life Insurance — Interest accrual
$18M-5.3%
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METWhole and Term Life & Endowments — Interest accrual
$97M0.0%
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GLLife — Interest accrual
$347.59M+0.8%
Fidelity National Financial logo
FNFTraditional Life — Interest accrual
$12M-7.7%

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 term life — interest accruals?
Horace Mann Educators (HMN) reported term life — interest accruals of $2.8M 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 decreased by 0.0% year-over-year, from $2.8M to $2.8M.
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 12.0% compound annual growth rate (CAGR), from $7.9M to $11.1M.
What does term life — interest accruals mean?
This represents the interest expense accrued on the liability for future policy benefits over the reporting period. It reflects the cost of carrying long-term insurance obligations as they approach maturity. Higher accruals generally correlate with the growth of the underlying policy reserve base.

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