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Horace Mann Educators HMN Term Life — Net liability for future policy benefits

Other product segments

Experience life
$721.3M-3.8%
SPIA (life contingent)
$93.2M-4.1%
Other
$80.3M-6.7%
Cancer
$64.4M-10.7%
Limited-Pay Whole Life
$54.1M+0.7%
Disability
$21.2M-2.8%
Accident
$17.3M-7.5%

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$8.67B-1.1%
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$10.04B-1.0%

Other financials

Income statement

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Revenue$429.3M+3.1%
Net income$41.2M+7.9%
EPS (diluted)$1.00+8.7%

Balance sheet

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Cash & equivalents$20.9M-31.0%
Total debt$593.8M+8.5%
Total equity$1.5B+9.5%
Total assets$15.0B+4.0%

Cash flow

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Operating cash flow$61.3M-56.5%

Valuation

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Market cap$2.04B-1.1%
Enterprise value$2.61B+1.6%
P/E12.4×-5.7×
P/S1.2×-0.1×

Profitability

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Net margin9.6%+2.6pp

Returns & leverage

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Return on equity11.7%+2.8pp
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:LiabilityForFuturePolicyBenefits.

The official record: Horace Mann Educators’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Horace Mann Educators's term life — net liability for future policy benefits?
Horace Mann Educators (HMN) reported term life — net liability for future policy benefits of $143.2M in Q1 2026.
How has Horace Mann Educators's term life — net liability for future policy benefits changed year-over-year?
Horace Mann Educators's term life — net liability for future policy benefits increased by 3.5% year-over-year, from $138.4M to $143.2M.
What is the long-term trend for Horace Mann Educators's term life — net liability for future policy benefits?
Over 2 years (2023 to 2025), Horace Mann Educators's term life — net liability for future policy benefits has grown at a 8.1% compound annual growth rate (CAGR), from $484.1M to $565.6M.
What does term life — net liability for future policy benefits mean?
The total net obligation for future policy benefits after accounting for expected future premiums and reinsurance arrangements. This metric represents the core reserve requirement for the term life segment, indicating the company's long-term financial commitment to policyholders. It is a primary indicator of the segment's overall solvency and reserve adequacy.