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Horace Mann Educators HMN Future policy benefits

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Segments

By product

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Experience life$718M-3.4%
Term Life$144.1M
SPIA (life contingent)$91.6M-5.7%
Other$80.9M-3.9%
Cancer$64.7M-6.8%
Limited-Pay Whole Life$56M+2.6%

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:LiabilityForFuturePolicyBenefits.

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
Line itemJune 30, 2026December 31, 2025
Total assets$15,604.4$15,266.6
Liabilities and Shareholders' Equity
Policy liabilities
Future policy benefit reserves$1,586.5$1,611.5
Policyholders' account balances5,041.85,064.1
Unpaid claims and claim expenses587.8565.2
Unearned premiums369.1372.1
Total policy liabilities7,585.27,612.9

Item 1. Consolidated Financial Statements

FAQ

What is Horace Mann Educators's future policy benefits?
Horace Mann Educators (HMN) reported future policy benefits of $1.59B in Q2 2026.
How has Horace Mann Educators's future policy benefits changed year-over-year?
Horace Mann Educators's future policy benefits decreased by 2.3% year-over-year, from $1.62B to $1.59B.
What is the long-term trend for Horace Mann Educators's future policy benefits?
Over 5 years (2020 to 2025), Horace Mann Educators's future policy benefits has grown at a -24.2% compound annual growth rate (CAGR), from $6.45B to $1.61B.
What does future policy benefits mean?
This liability represents the actuarially determined present value of future obligations to policyholders for long-duration contracts like life insurance and annuities. It is a primary measure of the company's long-term financial commitment to its policyholders. Changes in this balance reflect shifts in business volume and actuarial assumptions regarding mortality and interest rates.

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