What is Horace Mann Educators's whole life — adjusted balance?

Horace Mann Educators (HMN) reported whole life — adjusted balance of $252M in Q1 2026.

How has Horace Mann Educators's whole life — adjusted balance changed year-over-year?

Horace Mann Educators's whole life — adjusted balance decreased by 4.5% year-over-year, from $263.9M to $252M.

What does whole life — adjusted balance mean?

The adjusted balance represents the net carrying value of the Whole Life insurance liability after incorporating all periodic updates, including discount rate changes and experience adjustments. It serves as the definitive measure of the segment's total liability exposure on the balance sheet. Investors use this to evaluate the overall financial health and capital requirements of the life insurance business.

Horace Mann Educators (HMN) Whole Life — Adjusted balance

Screener

Other product segments

Term Life

$259.8M-4.3%

Experience life

$62.4M-5.9%

Limited-Pay Whole Life

$35.9M-1.1%

SPIA (life contingent)

$0—

Similar metrics at other companies

METWhole and Term Life & Endowments — Adjusted balance

1,534,600,000,000%+13,700,000,000pp

METFixed Annuity — Adjusted balance

1,159,200,000,000%+246,000,000,000pp

METAccident & health insurance — Adjusted balance

1,817,000,000,000%-45,000,000,000pp

METFixed & Immediate Annuities — Adjusted balance

8,146,800,000,000%+1,192,500,000,000pp

METLong-term Care — Adjusted balance

2,159,700,000,000%+54,700,000,000pp

JXNClosed Block Life — Balance adjusted for variances from expectation

$1.08B—

Other financials

Income statement

See full

Revenue$443.5M+7.7%

Net income$41.6M+41.5%

EPS (diluted)$1.01+42.3%

Balance sheet

See full

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

See full

Operating cash flow$223.7M+70.4%

Valuation

See full

Market cap$2.1B+21.9%

Enterprise value$2.65B+18.7%

P/E11.9×-0.5×

P/S1.2×+0.2×

Profitability

See full

Net margin10.2%+1.7pp

Returns & leverage

See full

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:LiabilityForFuturePolicyBenefitExpectedNetPremiumOriginalDiscountRateBeforeReinsuranceAfterCashFlowChange.

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 Life	Term Life	Experience Life(1)	Limited-Pay Whole Life	Supplemental Health(2)	SPIA (life contingent)
Effect of:
Change in cash flow assumptions	—	—	—	—	—	—
Actual variances from expected experience	(0.4)	(0.1)	(0.8)	—	1.4	—
Adjusted balance at April 1, 2026	252.0	259.8	62.4	35.9	217.1	—
Issuances(3)	2.8	5.5	—	0.5	4.7	—
Interest accruals(4)	2.1	2.8	0.9	0.3	1.8	—
Net premiums collected(5)	(6.2)	(6.8)	(1.7)	(1.2)	(6.9)	—
June 30, 2026 balance at original discount rate	250.8	261.3	61.6	35.6	216.6	—

Item 1. Consolidated Financial Statements

FAQ

What is Horace Mann Educators's whole life — adjusted balance?: Horace Mann Educators (HMN) reported whole life — adjusted balance of $252M in Q1 2026.
How has Horace Mann Educators's whole life — adjusted balance changed year-over-year?: Horace Mann Educators's whole life — adjusted balance decreased by 4.5% year-over-year, from $263.9M to $252M.
What does whole life — adjusted balance mean?: The adjusted balance represents the net carrying value of the Whole Life insurance liability after incorporating all periodic updates, including discount rate changes and experience adjustments. It serves as the definitive measure of the segment's total liability exposure on the balance sheet. Investors use this to evaluate the overall financial health and capital requirements of the life insurance business.