Horace Mann Educators HMN Effect of changes in discount rate assumptions

Effect of changes in discount rate assumptions at other companies

CNO Financial GroupCNO

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CNA FinancialCNA

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Term Life-$17.1M+20.1%

Limited-Pay Whole Life-$1.9M+13.6%

Experience life$1.4M-22.2%

SPIA (life contingent)$0—

Revenue$429.3M+3.1%

Net income$41.2M+7.9%

EPS (diluted)$1.00+8.7%

Cash & equivalents$20.9M-31.0%

Total debt$593.8M+8.5%

Total equity$1.5B+9.5%

Total assets$15.0B+4.0%

Operating cash flow$61.3M-56.5%

Market cap$2.04B+18.8%

Enterprise value$2.61B+17.0%

P/E12.4×-2.6×

P/S1.2×+0.1×

Net margin9.6%+2.6pp

Return on equity11.7%+2.8pp

Debt / equity0.4×0.0×