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$53.69+1.2%Stored close · as of Nov 10, 2026
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Consolidated Statements of Operations and Comprehensive Income (Loss)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Statements of Operations | |||
| Revenues | |||
| Net premiums and contract charges earned | $1,228.4 | $1,146.0 | $1,057.1 |
| Net investment income | 464.3 | 445.7 | 444.8 |
| Net investment (losses) | (13.0) | (17.3) | (24.0) |
| Other income | 21.7 | 20.8 | 14.0 |
| Total revenues | 1,701.4 | 1,595.2 | 1,491.9 |
| Benefits, losses and expenses | |||
| Benefits, claims and settlement expenses (Reserve remeasurement (gains)/losses $6.0, $1.6, $(1.6)) | 711.5 | 745.0 | 769.1 |
| Interest credited | 216.9 | 215.9 | 205.7 |
| Operating expenses | 396.6 | 345.5 | 318.1 |
| DAC amortization expense | 124.5 | 111.1 | 101.2 |
| Intangible asset amortization expense | 14.3 | 14.5 | 14.8 |
| Interest expense | 36.4 | 34.6 | 29.7 |
| Total benefits, losses and expenses | 1,500.2 | 1,466.6 | 1,438.6 |
| Income before income taxes | 201.2 | 128.6 | 53.3 |
| Income tax expense | 39.1 | 25.8 | 8.3 |
| Net income | $162.1 | $102.8 | $45.0 |
| Net income per share | |||
| Basic | $3.93 | $2.49 | $1.09 |
| Diluted | $3.90 | $2.48 | $1.09 |
| Weighted average number of shares and equivalent shares | |||
| Basic | 41.2 | 41.3 | 41.3 |
| Diluted | 41.6 | 41.5 | 41.4 |
| Statements of Comprehensive Income (Loss) | |||
| Net income | $162.1 | $102.8 | $45.0 |
| Other comprehensive income (loss), net of tax: | |||
| Change in net unrealized investment gains(losses) on fixed maturity securities | 111.9 | (29.1) | 121.3 |
| Change in net reserve remeasurements attributable to discount rates | (17.5) | 89.0 | (37.1) |
| Change in net funded status of benefit plans | 4.5 | 0.6 | 1.2 |
| Other comprehensive income | 98.9 | 60.5 | 85.4 |
| Comprehensive income | $261.0 | $163.3 | $130.4 |
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