Horace Mann Educators Corp Financials

HMN

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Horace Mann Educators Corp (HMN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Neutral

6/9

Horace Mann Educators Corp passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 1 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

4.40x

For every $1 of reported earnings, Horace Mann Educators Corp generates $4.40 in operating cash flow ($452.1M OCF vs $102.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$1.6B

YoY+6.9%

5Y CAGR+2.2%

10Y CAGR+4.2%

Horace Mann Educators Corp generated $1.6B in revenue in fiscal year 2024. This represents an increase of 6.9% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$102.8M

YoY+128.4%

5Y CAGR-11.0%

10Y CAGR-0.1%

Horace Mann Educators Corp reported $102.8M in net income in fiscal year 2024. This represents an increase of 128.4% from the prior year.

EPS (Diluted)

$2.48

YoY+127.5%

5Y CAGR-10.8%

10Y CAGR+0.0%

Horace Mann Educators Corp earned $2.48 per diluted share (EPS) in fiscal year 2024. This represents an increase of 127.5% from the prior year.

Cash & Debt

$33.1M

YoY+11.4%

5Y CAGR+5.4%

10Y CAGR+11.0%

Horace Mann Educators Corp held $33.1M in cash against $547.0M in long-term debt as of fiscal year 2024.

Dividends Per Share

$1.36

YoY+3.0%

5Y CAGR+3.4%

10Y CAGR+4.0%

Horace Mann Educators Corp paid $1.36 per share in dividends in fiscal year 2024. This represents an increase of 3.0% from the prior year.

Shares Outstanding

41M

Horace Mann Educators Corp had 41M shares outstanding in fiscal year 2024.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

6.4%

YoY+3.4pp

5Y CAGR-6.4pp

10Y CAGR-3.4pp

Horace Mann Educators Corp's net profit margin was 6.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 3.4 percentage points from the prior year.

Return on Equity

8.0%

YoY+4.1pp

5Y CAGR-3.8pp

10Y CAGR+0.2pp

Horace Mann Educators Corp's ROE was 8.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 4.1 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$8.6M

YoY+32.3%

10Y CAGR+4.7%

Horace Mann Educators Corp spent $8.6M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 32.3% from the prior year.

Capital Expenditures

N/A

HMN Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$1.6B+6.9%	$1.5B+8.0%	$1.4B+3.9%	$1.3B+1.4%	$1.3B-8.4%	$1.4B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$34.6M+16.5%	$29.7M+53.1%	$19.4M+39.6%	$13.9M-8.6%	$15.2M-2.6%	$15.6M
Income Tax	$25.8M+210.8%	$8.3M+351.5%	-$3.3M-108.3%	$39.7M+51.0%	$26.3M-49.4%	$52.0M
Net Income	$102.8M+128.4%	$45.0M+127.3%	$19.8M-88.4%	$170.4M+27.8%	$133.3M-27.7%	$184.4M
EPS (Diluted)	$2.48+127.5%	$1.09+131.9%	$0.47-88.4%	$4.04+27.4%	$3.17-28.0%	$4.40

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$438.5M+6.5%	$411.7M-1.1%	$416.4M+1.8%	$409.0M+5.4%	$388.1M+0.5%	$386.0M-4.2%	$402.9M+6.4%	$378.7M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$8.9M+3.5%	$8.6M-3.4%	$8.9M+4.7%	$8.5M-2.3%	$8.7M0.0%	$8.7M+1.2%	$8.6M+14.7%	$7.5M
Income Tax	$13.2M+85.9%	$7.1M-23.7%	$9.3M-7.9%	$10.1M+1162.5%	$800K-87.7%	$6.5M-15.6%	$7.7M+305.3%	$1.9M
Net Income	$58.3M+98.3%	$29.4M-23.0%	$38.2M0.0%	$38.2M+905.3%	$3.8M-85.7%	$26.5M-32.9%	$39.5M+237.6%	$11.7M
EPS (Diluted)	$1.40+97.2%	$0.71-22.8%	$0.920.0%	$0.92+922.2%	$0.09-85.9%	$0.64-33.3%	$0.96+242.9%	$0.28

HMN Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$14.5B+3.1%	$14.0B+5.6%	$13.3B-8.0%	$14.5B+7.3%	$13.5B+8.0%	$12.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$33.1M+11.4%	$29.7M-30.6%	$42.8M-68.0%	$133.7M+499.6%	$22.3M-12.5%	$25.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$54.3M0.0%	$54.3M0.0%	$54.3M+24.8%	$43.5M0.0%	$43.5M-11.4%	$49.1M
Total Liabilities	$13.2B+2.5%	$12.9B+5.5%	$12.2B-2.9%	$12.6B+7.7%	$11.7B+7.1%	$10.9B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$547.0M+0.2%	$546.0M+119.3%	$249.0M-1.8%	$253.6M-16.1%	$302.3M+1.4%	$298.0M
Total Equity	$1.3B+9.5%	$1.2B+7.0%	$1.1B-26.7%	$1.5B-16.3%	$1.8B+14.2%	$1.6B
Retained Earnings	$1.5B+3.1%	$1.5B-0.7%	$1.5B-0.8%	$1.5B+6.3%	$1.4B+6.1%	$1.4B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$15.5B+5.2%	$14.7B+2.3%	$14.4B-0.6%	$14.5B+1.4%	$14.3B+0.3%	$14.2B+1.3%	$14.0B+4.8%	$13.4B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$46.7M+14.2%	$40.9M+35.0%	$30.3M-8.5%	$33.1M+126.7%	$14.6M-28.4%	$20.4M-31.3%	$29.7M-13.9%	$34.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$54.3M0.0%	$54.3M0.0%	$54.3M0.0%	$54.3M0.0%	$54.3M0.0%	$54.3M0.0%	$54.3M0.0%	$54.3M
Total Liabilities	$14.0B+5.1%	$13.4B+2.4%	$13.1B-1.1%	$13.2B+1.0%	$13.1B+0.4%	$13.0B+1.2%	$12.9B+4.2%	$12.4B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$842.9M+54.0%	$547.5M+0.1%	$547.2M0.0%	$547.0M+0.1%	$546.5M+0.1%	$546.2M0.0%	$546.0M0.0%	$546.1M
Total Equity	$1.4B+6.0%	$1.4B+1.3%	$1.3B+4.3%	$1.3B+6.5%	$1.2B-0.2%	$1.2B+3.1%	$1.2B+11.8%	$1.1B
Retained Earnings	$1.6B+2.8%	$1.6B+0.9%	$1.6B+1.5%	$1.5B+2.9%	$1.5B-0.7%	$1.5B+0.8%	$1.5B+1.7%	$1.5B

HMN Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$452.1M+49.7%	$302.1M+76.2%	$171.5M-16.3%	$204.9M-21.1%	$259.8M+103.6%	$127.6M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$135.8M-26.4%	-$107.4M+50.0%	-$214.6M+28.9%	-$302.0M+25.8%	-$406.8M-827.7%	$55.9M
Financing Cash Flow	-$307.9M-48.2%	-$207.8M-334.7%	-$47.8M-122.9%	$208.5M+45.0%	$143.8M+184.6%	-$169.9M
Dividends Paid	$55.5M+3.0%	$53.9M+2.5%	$52.6M+2.3%	$51.4M+3.6%	$49.6M+4.9%	$47.3M
Share Buybacks	$8.6M+32.3%	$6.5M-72.9%	$24.0M+352.8%	$5.3M+140.9%	$2.2M	$0

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$151.2M+15.2%	$131.3M-6.7%	$140.8M-27.2%	$193.5M+381.3%	$40.2M-46.0%	$74.5M-27.6%	$102.9M+127.2%	$45.3M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$162.6M-340.7%	-$36.9M-5.1%	-$35.1M-697.7%	-$4.4M+84.1%	-$27.7M+53.4%	-$59.5M-172.9%	-$21.8M+46.8%	-$41.0M
Financing Cash Flow	$273.0M+425.8%	-$83.8M+26.2%	-$113.5M+40.5%	-$190.8M-942.6%	-$18.3M+24.7%	-$24.3M+71.7%	-$85.9M-1309.9%	$7.1M
Dividends Paid	$14.3M0.0%	$14.3M0.0%	$14.3M+3.6%	$13.8M-0.7%	$13.9M0.0%	$13.9M+3.0%	$13.5M+0.7%	$13.4M
Share Buybacks	$6.8M-1.4%	$6.9M+3350.0%	$200K	$0-100.0%	$4.5M	$0	$0-100.0%	$1.0M

HMN Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	6.4%+3.4pp	3.0%+1.6pp	1.4%-11.4pp	12.8%+2.7pp	10.2%-2.7pp	12.9%
Return on Equity	8.0%+4.1pp	3.8%+2.0pp	1.8%-9.6pp	11.4%+3.9pp	7.4%-4.3pp	11.8%
Return on Assets	0.7%+0.4pp	0.3%+0.2pp	0.1%-1.0pp	1.2%+0.2pp	1.0%-0.5pp	1.5%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.42-0.0	0.46+0.2	0.23+0.1	0.170.0	0.17-0.0	0.19
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	13.3%+6.2pp	7.1%-2.0pp	9.2%-0.2pp	9.3%+8.4pp	1.0%-5.9pp	6.9%-2.9pp	9.8%+6.7pp	3.1%
Return on Equity	4.0%+1.9pp	2.2%-0.7pp	2.8%-0.1pp	3.0%+2.7pp	0.3%-1.9pp	2.2%-1.2pp	3.4%+2.3pp	1.1%
Return on Assets	0.4%+0.2pp	0.2%-0.1pp	0.3%+0.0pp	0.3%+0.2pp	0.0%-0.2pp	0.2%-0.1pp	0.3%+0.2pp	0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.58+0.2	0.400.0	0.41-0.0	0.42-0.0	0.450.0	0.45-0.0	0.46-0.1	0.52
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Horace Mann Educators Corp's annual revenue?

Horace Mann Educators Corp (HMN) reported $1.6B in total revenue for fiscal year 2024. This represents a 6.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Horace Mann Educators Corp's revenue growing?

Horace Mann Educators Corp (HMN) revenue grew by 6.9% year-over-year, from $1.5B to $1.6B in fiscal year 2024.

Is Horace Mann Educators Corp profitable?

Yes, Horace Mann Educators Corp (HMN) reported a net income of $102.8M in fiscal year 2024, with a net profit margin of 6.4%.

What is Horace Mann Educators Corp's earnings per share (EPS)?

Horace Mann Educators Corp (HMN) reported diluted earnings per share of $2.48 for fiscal year 2024. This represents a 127.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Horace Mann Educators Corp have?

As of fiscal year 2024, Horace Mann Educators Corp (HMN) had $33.1M in cash and equivalents against $547.0M in long-term debt.

What is Horace Mann Educators Corp's net profit margin?

Horace Mann Educators Corp (HMN) had a net profit margin of 6.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Horace Mann Educators Corp pay dividends?

Yes, Horace Mann Educators Corp (HMN) paid $1.36 per share in dividends during fiscal year 2024.

What is Horace Mann Educators Corp's return on equity (ROE)?

Horace Mann Educators Corp (HMN) has a return on equity of 8.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Horace Mann Educators Corp's operating cash flow?

Horace Mann Educators Corp (HMN) generated $452.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Horace Mann Educators Corp's total assets?

Horace Mann Educators Corp (HMN) had $14.5B in total assets as of fiscal year 2024, including both current and long-term assets.

Does Horace Mann Educators Corp buy back shares?

Yes, Horace Mann Educators Corp (HMN) spent $8.6M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Horace Mann Educators Corp have outstanding?

Horace Mann Educators Corp (HMN) had 41M shares outstanding as of fiscal year 2024.

What is Horace Mann Educators Corp's debt-to-equity ratio?

Horace Mann Educators Corp (HMN) had a debt-to-equity ratio of 0.42 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Horace Mann Educators Corp's return on assets (ROA)?

Horace Mann Educators Corp (HMN) had a return on assets of 0.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Horace Mann Educators Corp's Piotroski F-Score?

Horace Mann Educators Corp (HMN) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Horace Mann Educators Corp's earnings high quality?

Horace Mann Educators Corp (HMN) has an earnings quality ratio of 4.40x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.