Horace Mann Educators Corporation (HMN) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HMN SEC filings page.
Horace Mann Educators Corporation (HMN) reported $1.7B in revenue over the twelve months to Jun 30, 2026, up 5.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Earnings recovery is accelerating as liability-heavy financing remains central and operating cash flow outpaces reported profit.
Net profit margin rose from3.0% in FY2023 to9.5% in FY2025, indicating that the earnings recovery was not merely a revenue-scale effect. That same period brought operating cash flow from$302M to$553M , so reported profit and cash generation improved together rather than diverging.
The balance sheet remains funded primarily through obligations: total liabilities were approximately 9.3x equity in FY2025, making asset productivity more important than revenue margins alone. Meanwhile, debt-to-equity eased from 0.5x in FY2023 to 0.4x in FY2025, so measured debt did not expand in step with the overall liability base.
The company converted a growing portion of its operating scale into earnings, with return on assets improving from
Financial Health Signals
Scored against insurers for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Horace Mann Educators Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Loss Ratio measures the claims an insurer paid out against the premiums it earned, so a lower ratio leaves more of every premium dollar with the company. Horace Mann Educators Corporation scores 54/100 on it among other insurers.
Not available for Horace Mann Educators Corporation, and counted as zero in the overall score.
Horace Mann Educators Corporation funded 9.7% of its assets with shareholders' equity at the end of fiscal year 2025, holding $1.5B of equity against $15.3B of assets. Capital ranks insurers on that cushion, and Horace Mann Educators Corporation scores 17/100 among other insurers.
Not available for Horace Mann Educators Corporation, and counted as zero in the overall score.
Combined Ratio puts claims and running costs together against premiums earned, and a figure under 100% means the underwriting made money before any investment income was counted. Horace Mann Educators Corporation scores 26/100 on it among other insurers.
Horace Mann Educators Corporation reported net income of $162.1M in fiscal year 2025, against $102.8M in fiscal year 2024. Stability ranks insurers on how steady net income has been across five years, and Horace Mann Educators Corporation scores 51/100 among other insurers.
Horace Mann Educators Corporation passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Horace Mann Educators Corporation generates $3.41 in operating cash flow ($553.2M OCF vs $162.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Horace Mann Educators Corporation generated $443.5M in revenue in Q2 2026. This represents an increase of 7.7% from the same quarter a year earlier. Against the prior quarter it is up 3.3%.
Horace Mann Educators Corporation reported $41.6M in net income in Q2 2026. This represents an increase of 41.5% from the same quarter a year earlier. Against the prior quarter it is up 1.0%.
Horace Mann Educators Corporation earned $1.01 per diluted share (EPS) in Q2 2026. This represents an increase of 42.3% from the same quarter a year earlier. Against the prior quarter it is up 1.0%.
Not reported for Q2 2026.
Cash & Balance Sheet
Horace Mann Educators Corporation held $46.2M in cash against $594.2M in long-term debt as of Q2 2026.
Horace Mann Educators Corporation paid $0.36 per share in dividends in Q2 2026. This represents an increase of 2.9% from the same quarter a year earlier. It is unchanged from the prior quarter.
Not reported for Q2 2026.
Margins & Returns
Horace Mann Educators Corporation's net profit margin was 9.4% in Q2 2026, showing the share of revenue converted to profit. This is up 2.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.2 percentage points.
Horace Mann Educators Corporation's ROE was 2.8% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.6 percentage points from the same quarter a year earlier. It is unchanged from the prior quarter.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Horace Mann Educators Corporation spent $100K on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 98.6% from the same quarter a year earlier. Against the prior quarter it is down 99.5%.
Not reported for Q2 2026.
Not reported for Q2 2026.
HMN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $443.5M+7.7% | $429.3M+3.1% | $434.8M+6.3% | $438.5M+6.4% | $411.7M+6.1% | $416.4M+7.9% | $409.0M+1.5% | $412.1M+8.8% |
| Interest Expense | $9.6M+11.6% | $9.5M+6.7% | $10.0M+17.6% | $8.9M+2.3% | $8.6M-1.1% | $8.9M+2.3% | $8.5M-1.2% | $8.7M+16.0% |
| Income Tax | $7.4M+4.2% | $9.0M-3.2% | $9.5M-5.9% | $13.2M+57.1% | $7.1M+787.5% | $9.3M+43.1% | $10.1M+31.2% | $8.4M+342.1% |
| Net Income | $41.6M+41.5% | $41.2M+7.9% | $36.2M-5.2% | $58.3M+70.0% | $29.4M+673.7% | $38.2M+44.2% | $38.2M-3.3% | $34.3M+193.2% |
| EPS (Basic) | $1.02+43.7% | $1.01+8.6% | $0.88-5.4% | $1.42+71.1% | $0.71+688.9% | $0.93+45.3% | $0.93-3.1% | $0.83+196.4% |
| EPS (Diluted) | $1.01+42.3% | $1.00+8.7% | $0.87-5.4% | $1.40+68.7% | $0.71+688.9% | $0.92+43.8% | $0.92-4.2% | $0.83+196.4% |
| Diluted Shares (Avg) | 41M-1.0% | 41M-1.0% | N/A | 42M+0.5% | 42M0.0% | 42M+0.2% | N/A | 41M0.0% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA.
HMN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $15.6B+5.9% | $15.0B+4.0% | $15.3B+5.4% | $15.5B+5.3% | $14.7B+3.1% | $14.4B+1.1% | $14.5B+3.1% | $14.7B+9.7% |
| Cash & Equivalents | $46.2M+13.0% | $20.9M-31.0% | $27.5M-27.8% | $46.7M+17.3% | $40.9M+180.1% | $30.3M+48.5% | $38.1M+28.3% | $39.8M+15.4% |
| Short-Term Investments | $5.8B+5.8% | $5.8B+5.9% | $5.7B+6.1% | $5.7B+1.7% | $5.5B+2.0% | $5.5B+2.2% | $5.4B+2.9% | $5.6B+12.3% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $54.3M0.0% | $54.3M0.0% | $54.3M0.0% | $54.3M0.0% | $54.3M0.0% | $54.3M0.0% | $54.3M0.0% | $54.3M0.0% |
| Total Liabilities | $14.1B+5.5% | $13.5B+3.4% | $13.8B+4.4% | $14.0B+4.6% | $13.4B+2.3% | $13.1B+0.2% | $13.2B+2.5% | $13.4B+8.6% |
| Long-Term Debt | $594.2M+8.5% | $593.8M+8.5% | $593.4M+8.5% | $842.9M+54.2% | $547.5M+0.2% | $547.2M+0.2% | $547.0M+0.2% | $546.7M+0.1% |
| Total Equity | $1.5B+10.5% | $1.5B+9.5% | $1.5B+15.2% | $1.4B+12.0% | $1.4B+12.5% | $1.3B+10.8% | $1.3B+9.5% | $1.3B+22.4% |
| Retained Earnings | $1.7B+7.5% | $1.7B+6.8% | $1.7B+6.7% | $1.6B+7.0% | $1.6B+5.5% | $1.6B+3.8% | $1.5B+3.1% | $1.5B+3.2% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities.
HMN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $223.7M+70.4% | $61.3M-56.5% | $129.9M-32.9% | $151.2M+5.1% | $131.3M+226.6% | $140.8M+89.0% | $193.5M+88.0% | $143.9M+217.7% |
| Depreciation & Amortization | $6.7M+1.5% | $6.7M-4.3% | $6.7M-4.3% | $6.8M+6.3% | $6.6M+3.1% | $7.0M+6.1% | $7.0M+4.5% | $6.4M-3.0% |
| Stock-Based Compensation | N/A | $2.2M-15.4% | N/A | N/A | N/A | $2.6M+4.0% | N/A | N/A |
| Investing Cash Flow | -$102.9M-178.9% | $16.2M+146.2% | -$17.5M-297.7% | -$162.6M-267.9% | -$36.9M-33.2% | -$35.1M+41.0% | -$4.4M+79.8% | -$44.2M-7.8% |
| Financing Cash Flow | -$95.5M-14.0% | -$84.1M+25.9% | -$387.4M-103.0% | $273.0M+466.4% | -$83.8M-357.9% | -$113.5M-367.1% | -$190.8M-122.1% | -$74.5M-1149.3% |
| Dividends Paid | $14.5M+1.4% | $14.6M+2.1% | $14.2M+2.9% | $14.3M+2.9% | $14.3M+2.9% | $14.3M+2.9% | $13.8M+2.2% | $13.9M+3.7% |
| Share Buybacks | -$100K-98.6% | $18.3M+9050.0% | $6.9M | $6.8M+65.9% | $6.9M+53.3% | $200K | $0 | $4.1M+310.0% |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
HMN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 9.4%+2.2pp | 9.6%+0.4pp | 8.3%-1.0pp | 13.3%+5.0pp | 7.1%+6.2pp | 9.2%+2.3pp | 9.3%-0.5pp | 8.3%+5.2pp |
| Return on Equity | 2.8%+0.6pp | 2.8%0.0pp | 2.4%-0.5pp | 4.0%+1.4pp | 2.2%+1.9pp | 2.8%+0.7pp | 3.0%-0.4pp | 2.7%+1.6pp |
| Return on Assets | 0.3%+0.1pp | 0.3%0.0pp | 0.2%0.0pp | 0.4%+0.1pp | 0.2%+0.2pp | 0.3%+0.1pp | 0.3%0.0pp | 0.2%+0.1pp |
| Debt-to-Equity | 0.400.0x | 0.400.0x | 0.400.0x | 0.58+0.2x | 0.400.0x | 0.410.0x | 0.420.0x | 0.42-0.1x |
| Asset Turnover | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Horace Mann Educators Corporation HMN | FY2025 | $1.7B | $162.1M | 9.5% | $2.0B | 25/100 |
| Skyward Specialty Insurance Group, Inc. SKWD | FY2025 | $1.4B | $170.0M | 12.0% | $2.5B | 42/100 |
| Trupanion, Inc. TRUP | FY2025 | $1.4B | $19.4M | 1.4% | $1.1B | 19/100 |
| ProAssurance Corporation PRA | FY2025 | $1.1B | $50.9M | 4.6% | $1.3B | 24/100 |
| Root, Inc. ROOT | FY2025 | $1.5B | $40.0M | 2.6% | $828.7M | 26/100 |
| Safety Insurance Group Inc SAFT | FY2025 | $1.3B | $99.3M | 7.8% | $1.5B | 45/100 |
Where Horace Mann Educators Corporation Ranks
Frequently Asked Questions
What is Horace Mann Educators Corporation's annual revenue?
Horace Mann Educators Corporation (HMN) reported $1.7B in total revenue for fiscal year 2025. This represents a 6.7% 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 Corporation's revenue growing?
Horace Mann Educators Corporation (HMN) revenue grew by 6.7% year-over-year, from $1.6B to $1.7B in fiscal year 2025.
Is Horace Mann Educators Corporation profitable?
Yes, Horace Mann Educators Corporation (HMN) reported a net income of $162.1M in fiscal year 2025, with a net profit margin of 9.5%.
How much debt does Horace Mann Educators Corporation have?
As of fiscal year 2025, Horace Mann Educators Corporation (HMN) had $27.5M in cash and equivalents against $593.4M in long-term debt.
What is Horace Mann Educators Corporation's net profit margin?
Horace Mann Educators Corporation (HMN) had a net profit margin of 9.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Horace Mann Educators Corporation pay dividends?
Yes, Horace Mann Educators Corporation (HMN) paid $1.40 per share in dividends during fiscal year 2025.
What is Horace Mann Educators Corporation's return on equity (ROE)?
Horace Mann Educators Corporation (HMN) has a return on equity of 10.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Horace Mann Educators Corporation's operating cash flow?
Horace Mann Educators Corporation (HMN) generated $553.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Horace Mann Educators Corporation's total assets?
Horace Mann Educators Corporation (HMN) had $15.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Horace Mann Educators Corporation's debt-to-equity ratio?
Horace Mann Educators Corporation (HMN) had a debt-to-equity ratio of 0.40 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Horace Mann Educators Corporation's return on assets (ROA)?
Horace Mann Educators Corporation (HMN) had a return on assets of 1.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Horace Mann Educators Corporation's P/E ratio?
Horace Mann Educators Corporation (HMN) trades at 11.1x earnings, its market capitalization divided by net income of $177.3M net income, trailing 12 months to June 30, 2026. The market capitalization is $2.0B as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Horace Mann Educators Corporation's price-to-sales ratio?
Horace Mann Educators Corporation (HMN) trades at 1.1x sales, its market capitalization divided by revenue of $1.7B revenue, trailing 12 months to June 30, 2026. The market capitalization is $2.0B as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Horace Mann Educators Corporation's Piotroski F-Score?
Horace Mann Educators Corporation (HMN) has a Piotroski F-Score of 6 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Horace Mann Educators Corporation's earnings high quality?
Horace Mann Educators Corporation (HMN) has an earnings quality ratio of 3.41x, 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.
How financially healthy is Horace Mann Educators Corporation?
Horace Mann Educators Corporation (HMN) scores 25 out of 100 on our Financial Health Score, indicating weak standing within its insurers peer group. The score is a 0-100 composite of six dimensions (Loss Ratio, Premium Growth, Capital, Investment Yield, Combined Ratio, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.