HORACE MANN EDUCATORS CORP /DE/
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
HMN$53.25+0.2%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
($ in millions, except share data)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Investments | ||
| Fixed maturity securities, available for sale, at fair value(amortized cost, net 2025, $6,026.7; 2024, $5,842.5) | $5,714.6 | $5,387.9 |
| Equity securities at fair value, (cost $56.2 and $78.8) | 41.9 | 66.5 |
| Limited partnership interests (Carried under Fair Value Option, 2025 $0.0 and 2024, $28.9) | 1,100.6 | 1,121.3 |
| Policy loans | 138.1 | 140.8 |
| Short-term and other investments | 309.4 | 199.9 |
| Total investments | 7,304.6 | 6,916.4 |
| Cash | 27.5 | 38.1 |
| Deferred policy acquisition costs | 358.2 | 347.2 |
| Reinsurance balances receivable | 419.0 | 424.8 |
| Deposit asset on reinsurance | 2,369.6 | 2,434.3 |
| Intangible assets | 141.5 | 155.8 |
| Goodwill | 54.3 | 54.3 |
| Other assets | 434.5 | 408.1 |
| Separate Account variable annuity assets | 4,157.4 | 3,708.8 |
| Total assets | $15,266.6 | $14,487.8 |
| Liabilities and Shareholders' Equity | ||
| Policy liabilities | ||
| Future policy benefit reserves | $1,611.5 | $1,622.8 |
| Policyholders' account balances | 5,064.1 | 5,100.3 |
| Unpaid claims and claim expenses | 565.2 | 569.2 |
| Unearned premiums | 372.1 | 344.2 |
| Total policy liabilities | 7,612.9 | 7,636.5 |
| Other policyholder funds | 1,046.2 | 995.7 |
| Other liabilities | 374.0 | 312.3 |
| Long-term debt | 593.4 | 547.0 |
| Separate Account variable annuity liabilities | 4,157.4 | 3,708.8 |
| Total liabilities | 13,783.9 | 13,200.3 |
| Preferred stock, $0.001 par value, authorized1,000,000 shares; none issued | — | — |
| Common stock, $0.001 par value, authorized 75,000,000 shares;issued, 2025, 67,323,929; 2024, 67,032,164 | 0.1 | 0.1 |
| Additional paid-in capital | 538.8 | 525.2 |
| Retained earnings | 1,651.7 | 1,548.2 |
| Accumulated other comprehensive income (loss), net of tax: | ||
| Net unrealized investment losses on fixed maturity securities | (245.5) | (357.4) |
| Net reserve remeasurements attributable to discount rates | 93.4 | 110.9 |
| Net funded status of benefit plans | (2.5) | (7.0) |
| Treasury stock, at cost, 2025, 26,664,472 shares;2024, 26,167,246 shares | (553.3) | (532.5) |
| Total shareholders' equity | 1,482.7 | 1,287.5 |
| Total liabilities and shareholders' equity | $15,266.6 | $14,487.8 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.