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
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 15. I Exhibits and Financial Statement Schedules
(a)(1) (a)(1) The following consolidated financial statements of the Company are contained in Part II - Item 8 of this report, Page 73 to Page 146
(a)(2) Financial statement schedules
Schedule I - Summary of Investments - Other than Investments in Related Parties, Page 152
Schedule II - Condensed Financial Information of Registrant, Page 153
Schedule III - Supplementary Insurance Information, Page 157
Schedule IV - Reinsurance, Page 158
SCHEDULE I
SUMMARY OF INVESTMENTS-OTHER THAN INVESTMENTS IN RELATED PARTIES
December 31, 2025
| Type of Investments | Cost or amortized cost, net | Fair Value | BalanceSheet |
|---|---|---|---|
| Fixed maturity securities | |||
| U.S. Government and federally sponsored agency obligations | $1,099.6 | $1,014.8 | $1,014.8 |
| States, municipalities and political subdivisions | 1,235.3 | 1,177.1 | 1,177.1 |
| Foreign government bonds | 10.6 | 10.0 | 10.0 |
| Public utilities | 176.3 | 161.0 | 161.0 |
| All other corporate bonds | 1,862.6 | 1,724.7 | 1,724.7 |
| Asset-backed securities | 1,159.7 | 1,160.8 | 1,160.8 |
| Residential mortgage-backed securities (non-agency) | 110.2 | 110.6 | 110.6 |
| Commercial mortgage-backed securities | 346.5 | 331.0 | 331.0 |
| Redeemable preferred stocks | 25.9 | 24.6 | 24.6 |
| Total fixed maturity securities | 6,026.7 | 5,714.6 | 5,714.6 |
| Equity securities | |||
| Banking & finance and insurance companies | 1.8 | 1.2 | 1.2 |
| Non-redeemable preferred stocks | 54.4 | 40.7 | 40.7 |
| Total equity securities | 56.2 | 41.9 | 41.9 |
| Limited partnership interests | 1,100.6 | XXX | 1,100.6 |
| Short-term investments | 210.4 | XXX | 210.4 |
| Policy loans | 138.1 | XXX | 138.1 |
| Derivatives | 15.5 | $21.5 | 21.5 |
| Mortgage loans | 38.2 | XXX | 38.2 |
| Other | 39.3 | XXX | 39.3 |
| Total investments | $7,625.0 | XXX | $7,304.6 |
SCHEDULE II
CONDENSED FINANCIAL INFORMATION OF REGISTRANT BALANCE SHEETS
As of December 31, 2025 and 2024
($ in millions, except share data)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Investments and cash | $124.1 | $45.5 |
| Investments in subsidiaries | 1,976.9 | 1,794.9 |
| Other assets | 22.1 | 3.3 |
| Total assets | $2,123.1 | $1,843.7 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Short-term debt | $— | $— |
| Long-term debt | 593.4 | 547.0 |
| Other liabilities | 47.0 | 9.2 |
| Total liabilities | 640.4 | 556.2 |
| Preferred stock, $0.001 par value, authorized 1,000,000 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 taxes: | ||
| Net unrealized investment gains (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 | $2,123.1 | $1,843.7 |
CONDENSED FINANCIAL INFORMATION OF REGISTRANT STATEMENTS OF OPERATIONS
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenues | |||
| Net investment income | $6.0 | $0.1 | $0.2 |
| Realized investment gains | 1.9 | — | — |
| Total revenues | 7.9 | 0.1 | 0.2 |
| Expenses | |||
| Interest expense | 36.4 | 34.6 | 29.7 |
| Other | 19.5 | 8.1 | 5.1 |
| Total expenses | 55.9 | 42.7 | 34.8 |
| Loss before income tax benefit and equity in net earnings of subsidiaries | (48.0) | (42.6) | (34.6) |
| Income tax benefit | (11.6) | (9.6) | (6.9) |
| Loss before equity in net earnings of subsidiaries | (36.4) | (33.0) | (27.7) |
| Equity in net earnings of subsidiaries | 198.5 | 135.8 | 72.7 |
| Net income | $162.1 | $102.8 | $45.0 |
CONDENSED FINANCIAL INFORMATION OF REGISTRANT STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities | |||
| Net income | $162.1 | $102.8 | $45.0 |
| Realized gains | 1.9 | — | — |
| Equity in net income of subsidiaries | (198.5) | (135.8) | (72.7) |
| Dividends received from subsidiaries | 116.0 | 120.2 | 132.1 |
| Changes in: | |||
| Income taxes | 1.2 | 15.5 | (5.8) |
| Operating assets and liabilities | 17.7 | (8.1) | 6.0 |
| Other | (2.4) | 2.0 | 1.2 |
| Net cash provided by operating activities | 98.0 | 96.6 | 105.8 |
| Cash flows from investing activities | |||
| Purchase of fixed maturity securities | (16.9) | — | — |
| Purchase of equity securities | (0.8) | (1.2) | — |
| Purchase of limited partnership interests | (29.4) | (28.9) | — |
| Sale of limited partnership interests | 34.8 | — | — |
| Net increase (decrease) in short-term investments | (62.6) | (12.0) | (1.3) |
| Capital contributions to subsidiaries | (1.0) | (2.0) | (98.0) |
| Net cash used in investing activities | (75.9) | (44.1) | (99.3) |
| Cash flows from financing activities | |||
| Dividends paid to shareholders | (57.1) | (55.6) | (53.9) |
| Proceeds from issuance of Senior Notes | 295.2 | — | 296.5 |
| Principal repayment on revolving credit facility | — | — | (249.0) |
| Principal repayment on senior notes | (250.0) | — | — |
| Acquisition of treasury stock | (20.8) | (8.6) | (6.5) |
| Proceeds from exercise of stock options | 5.3 | 5.1 | — |
| Withholding tax payments on RSUs tendered | (3.4) | (1.8) | (1.8) |
| Proceeds for Share-based compensation | 9.1 | 8.4 | 8.0 |
| Net cash provided by (used in) financing activities | (21.7) | (52.5) | (6.7) |
| Net increase (decrease) in cash | 0.4 | — | (0.2) |
| Cash at beginning of period | 0.1 | 0.1 | 0.3 |
| Cash at end of period | $0.5 | $0.1 | $0.1 |
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
NOTE TO CONDENSED FINANCIAL STATEMENTS
The accompanying condensed financial statements should be read in conjunction with the Consolidated Financial Statements and accompanying notes thereto presented in Part II - Item 8 of this Annual Report on Form 10-K.
SCHEDULE III
SCHEDULE III: SUPPLEMENTARY INSURANCE INFORMATION
| Deferredpolicy acquisitioncosts | Future policy benefits, claims and claim expenses | Unearnedpremiums | Otherpolicyclaims andbenefitspayable | Premiumrevenue/premiumearned | Net investmentincome | Benefits,claimsandsettlementexpenses | Amortizationof deferredpolicyacquisitioncosts | Otheroperatingexpenses | Net premiums written (excluding life) | |
|---|---|---|---|---|---|---|---|---|---|---|
| Segment | ||||||||||
| Property & Casualty | $40.0 | $404.4 | $368.4 | $— | $802.6 | $57.1 | $496.0 | $98.2 | $125.8 | $830.2 |
| Life & Retirement | 303.7 | 6,209.0 | — | 911.2 | 158.6 | 366.5 | 334.0 | 24.3 | 119.5 | 29.3 |
| Supplemental & Group Benefits | 14.5 | 627.4 | 3.7 | 135.0 | 267.2 | 36.8 | 98.4 | 2.0 | 141.1 | 267.4 |
| Other, including consolidatingeliminations | N/A | N/A | N/A | N/A | N/A | 3.9 | — | N/A | 60.9 | N/A |
| Total | $358.2 | $7,240.8 | $372.1 | $1,046.2 | $1,228.4 | $464.3 | $928.4 | $124.5 | $447.3 | $1,126.9 |
| Property & Casualty | $34.4 | $420.6 | $340.7 | $— | $736.5 | $46.0 | $521.0 | $84.6 | $115.8 | $779.3 |
| Life & Retirement | 301.4 | 6,222.7 | — | 880.8 | 154.6 | 363.6 | 336.4 | 24.6 | 110.0 | 29.7 |
| Supplemental & Group Benefits | 11.4 | 649.0 | 3.5 | 114.9 | 254.9 | 38.1 | 83.5 | 1.9 | 124.9 | 254.6 |
| Other, including consolidatingeliminations | N/A | N/A | N/A | N/A | N/A | (2.0) | 20.0 | N/A | 43.9 | N/A |
| Total | $347.2 | $7,292.3 | $344.2 | $995.7 | $1,146.0 | $445.7 | $960.9 | $111.1 | $394.6 | $1,063.6 |
| Property & Casualty | $29.3 | $416.9 | $297.9 | $— | $645.5 | $37.9 | $557.0 | $71.3 | $103.3 | $684.4 |
| Life & Retirement | 297.7 | 6,418.2 | — | 816.0 | 151.8 | 369.9 | 325.1 | 28.0 | 99.0 | 29.2 |
| Supplemental & Group Benefits | 9.3 | 695.4 | 3.0 | 100.0 | 259.8 | 38.9 | 92.7 | 1.9 | 123.2 | 195.7 |
| Other, including consolidatingeliminations | N/A | N/A | N/A | N/A | N/A | (1.9) | N/A | N/A | 37.1 | N/A |
| Total | $336.3 | $7,530.5 | $300.9 | $916.0 | $1,057.1 | $444.8 | $974.8 | $101.2 | $362.6 | $909.3 |
N/A - Not applicable.
SCHEDULE IV
REINSURANCE
| Column A | Column B | Column C | Column D | Column E | Column F |
|---|---|---|---|---|---|
| Direct(1)Amount | Ceded toOtherCompanies | Assumedfrom OtherCompanies | NetAmount | Percentageof AmountAssumed to Net | |
| Life insurance in force | $46,536.6 | $11,578.7 | $— | $34,957.9 | — |
| Premiums | |||||
| Property & Casualty | $806.8 | $20.9 | $16.7 | $802.6 | 2.1% |
| Life & Retirement | 165.3 | 6.7 | — | 158.6 | — |
| Supplemental & Group Benefits | 286.6 | 30.7 | 11.3 | 267.2 | 4.2% |
| Total premiums | $1,258.7 | $58.3 | $28.0 | $1,228.4 | 2.3% |
| Life insurance in force | $37,107.3 | $10,012.3 | $— | $27,095.0 | — |
| Premiums | |||||
| Property & Casualty | $743.9 | $20.5 | $13.1 | $736.5 | 1.8% |
| Life & Retirement | 161.2 | 6.6 | — | 154.6 | — |
| Supplemental & Group Benefits | 283.7 | 43.8 | 15.0 | 254.9 | 5.9% |
| Total premiums | $1,188.8 | $70.9 | $28.1 | $1,146.0 | 2.5% |
| Life insurance in force | $40,422.9 | $9,597.7 | $— | $30,825.2 | — |
| Premiums | |||||
| Property & Casualty | $653.0 | $18.1 | $10.7 | $645.6 | 1.7% |
| Life & Retirement | 166.5 | 14.8 | — | 151.7 | — |
| Supplemental & Group Benefits | 278.1 | 43.4 | 25.1 | 259.8 | 9.7% |
| Total premiums | $1,097.6 | $76.3 | $35.8 | $1,057.1 | 3.4% |
Note: Premiums above include insurance premiums earned and contract charges earned.
(1)Direct amount is net of the annuity reinsurance agreement accounted for using the deposit method that is discussed in Note 8.
(a)(3) The following items are filed as Exhibits. Management contracts and compensatory plans are indicated by an asterisk (*).
| Exhibit | |
|---|---|
| No. | Description |
| (3) Articles of incorporation and bylaws: | |
| 3.1 | Restated Certificate of Incorporation of HMEC, filed with the Delaware Secretary of State on June 24, 2003, incorporated by reference to Exhibit 3.1 to HMEC's Quarterly Report on Form 10-Q for the quarter ended June 30, 2003, filed with the Securities and Exchange Commission (the "SEC") on August 14, 2003. |
| 3.2 | 2024 Amended and Restated Bylaws of HMEC, incorporated by reference to Exhibit 3.1 to HMEC’s 8-K filing filed with the SEC on September 23, 2024. |
| (4) Instruments defining the rights of security holders, including indentures: | |
| 4.1 | Indenture, dated as of November 23, 2015, by and between HMEC and The Bank of New York Mellon Trust Company, N.A., as trustee, incorporated by reference to Exhibit 4.1 to HMEC's Current Report on Form 8-K dated November 18, 2015, filed with the SEC on November 23, 2015. |
| 4.1(a) | Form of HMEC 7.25% Senior Notes due 2028, incorporated by reference to Exhibit 4.2 to HMEC's Current Report on Form 8-K dated September 12, 2023, filed with the SEC on September 15, 2023. |
| 4.1(b) | Form of HMEC 4.700% Senior Notes due 2030, incorporated by reference to Exhibit 4.2 to HMEC's Current Report on Form 8-K dated September 23, 2025, filed with the SEC on September 26, 2025. |
| 4.2 | Certificate of Designations for HMEC Series A Cumulative Convertible Preferred Stock, incorporated by reference to Exhibit 4.3 to HMEC's Annual Report on Form 10-K for the year ended December 31, 2005, filed with the SEC on March 16, 2006. |
| 4.3 | Description of Securities, incorporated by reference to Exhibit 4.3 to HMEC's Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on March 2, 2020. |
| (10) Material contracts: | |
| 10.1 | Credit Agreement dated as of June 21, 2019 among HMEC, certain financial institutions named therein and PNC Bank, N.A., as administrative agent, incorporated by reference to Exhibit 10.1 to HMEC’s Current Report on Form 8-K dated June 24, 2019, filed with the SEC on June 24, 2019. |
| 10.1(a) | First Amendment to Credit Agreement dated as of June 21, 2019 among HMEC, certain financial institutions named therein and PNC Bank, N.A., as administrative agent, incorporated by reference to Exhibit 10.1(a) to HMEC's Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on March 2, 2020. |
| 10.1(b) | Second Amendment to Credit Agreement dated as of July 12, 2021, among HMEC, as borrower, PNC Bank, National Association, as administrative agent, and certain lenders party thereto, incorporated by reference to Exhibit 10.1(b) to HMEC's Current Report on Form 8-K dated July 14, 2021, filed with the SEC on July 14, 2021. |
| 10.1(c) | Fourth Amendment to Credit Agreement dated as of May 19, 2025, among HMEC, as borrower, PNC Bank, National Association, as administrative agent, and certain lenders party thereto, incorporated by reference to Exhibit 10.1 to HMEC's Current Report on Form 8-K dated May 19, 2025, filed with the SEC on May 22, 2025. |
| 10.2* | Horace Mann Educators Corporation Amended and Restated 2002 Incentive Compensation Plan ("2002 Incentive Compensation Plan"), incorporated by reference to Exhibit 10.2 to HMEC's Quarterly Report on Form 10-Q for the quarter ended June 30, 2005, filed with the SEC on August 9, 2005. |
| 10.2(a)* | Revised Specimen Employee Stock Option Agreement under the 2002 Incentive Compensation Plan, incorporated by reference to Exhibit 10.6(b) to HMEC's Annual Report on Form 10-K for the year ended December 31, 2008, filed with the SEC on March 2, 2009. |
| 10.2(b)* | Specimen Employee Restricted Stock Unit Agreement under the 2002 Incentive Compensation Plan, incorporated by reference to Exhibit 10.6(d) to HMEC's Annual Report on Form 10-K for the year ended December 31, 2005, filed with the SEC on March 16, 2006. |
| 10.2(c)* | Revised Specimen Employee Restricted Stock Unit Agreement under the 2002 Incentive Compensation Plan, incorporated by reference to Exhibit 10.6(f) to HMEC's Annual Report on Form 10-K for the year ended December 31, 2008, filed with the SEC on March 2, 2009. |
| 10.2(d)* | Specimen Non-employee Director Restricted Stock Unit Agreement under the 2002 Incentive Compensation Plan, incorporated by reference to Exhibit 10.6(e) to HMEC's Annual Report on Form 10-K for the year ended December 31, 2005, filed with the SEC on March 16, 2006. |
| 10.2(e)* | Revised Specimen Non-employee Director Restricted Stock Unit Agreement under the 2002 Incentive Compensation Plan, incorporated by reference to Exhibit 10.6(h) to HMEC's Annual Report on Form 10-K for the year ended December 31, 2008, filed with the SEC on March 2, 2009. |
| 10.3* | HMEC 2010 Comprehensive Executive Compensation Plan (As Amended and Restated Effective March 3, 2021), incorporated by reference to Exhibit 1 (beginning on page 59) to HMEC’s Proxy Statement, filed with the SEC on April 8, 2021. |
| 10.3(a)* | HMEC 2010 Comprehensive Executive Compensation Plan (As Amended and Restated Effective May 20, 2015) (Section 16 Officer) Non-Qualified Stock Option Agreement - Employee Grantee, incorporated by reference to Exhibit 10.3(a) to HMEC's Quarterly Report on Form 10-Q for the quarter ended March 31, 2017, filed with the SEC on May 9, 2017. |
| 10.3(b)* | HMEC 2010 Comprehensive Executive Compensation Plan (As Amended and Restated Effective May 20, 2015) (Section 16 Officer) Non-Qualified Stock Option Agreement - Employee Grantee (with Retirement Provision), incorporated by reference to Exhibit 10.3(b) to HMEC's Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, filed with the SEC on May 10, 2023. |
| 10.3(c)* | HMEC 2010 Comprehensive Executive Compensation Plan (As Amended and Restated Effective May 20, 2015) Service-Vested Restricted Stock Units Agreement - Employee Grantee, incorporated by reference to Exhibit 10.3(c) to HMEC's Quarterly Report on Form 10-Q for the quarter ended March 31, 2017, filed with the SEC on May 9, 2017. |
| 10.3(d)* | HMEC 2010 Comprehensive Executive Compensation Plan (As Amended and Restated Effective May 20, 2015) Service-based Restricted Stock Units Agreement - Employee Grantee (with Retirement Provision), incorporated by reference to Exhibit 10.3(d) to HMEC's Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, filed with the SEC on May 10, 2023. |
| 10.3(e)* | HMEC 2010 Comprehensive Executive Compensation Plan (As Amended and Restated Effective May 20, 2015) Performance-Based Restricted Stock Units Agreement - Employee Grantee, incorporated by reference to Exhibit 10.3(d) to HMEC's Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, filed with the SEC on May 9, 2022. |
|---|---|
| 10.3(f)* | HMEC 2010 Comprehensive Executive Compensation Plan (As Amended and Restated Effective May 20, 2015) Performance-Based Restricted Stock Units Agreement - Employee Grantee (with Retirement Provision), incorporated by reference to Exhibit 10.3(f) to HMEC's Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, filed with the SEC on May 10, 2023. |
| 10.3(g)* | HMEC 2010 Comprehensive Executive Compensation Plan (As Amended and Restated Effective May 20, 2015) Performance-Based Restricted Stock Units Agreement - Employee Grantee (with Retirement Provision and ESG Modifier), incorporated by reference to Exhibit 10.3(g) to HMEC's Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, filed with the SEC on May 10, 2023. |
| 10.3(h)* | HMEC 2010 Comprehensive Executive Compensation Plan (As Amended and Restated Effective May 20, 2015) Service-Vested Restricted Stock Units Agreement - Employee Grantee (One-Time Grant Service), incorporated by reference to Exhibit 10.3(e) to HMEC's Quarterly Report on Form 10-Q for the quarter ended March 31, 2017, filed with the SEC on May 9, 2017. |
| 10.3(i)* | Specimen Employee Performance-Based Restricted Stock Units Agreement - Key Strategic Grantee under the HMEC 2010 Comprehensive Executive Compensation Plan incorporated by reference to Exhibit 10.3(e) to HMEC’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2016, filed with the SEC on May 6, 2016. |
| 10.3(j)* | Specimen Non-employee Director Restricted Stock Unit Agreement under the HMEC 2010 Comprehensive Executive Compensation Plan, incorporated by reference to Exhibit 10.17(a) to HMEC’s Current Report on Form 8-K dated May 27, 2010, filed with the SEC on June 2, 2010. |
| 10.4* | Horace Mann Supplemental Employee Retirement Plan, 2002 Restatement, incorporated by reference to Exhibit 10.1 to HMEC's Quarterly Report on Form 10-Q for the quarter ended March 31, 2002, filed with the SEC on May 15, 2002. |
| 10.5* | Horace Mann Executive Supplemental Employee Retirement Plan, 2002 Restatement, incorporated by reference to Exhibit 10.2 to HMEC's Quarterly Report on Form 10-Q for the quarter ended March 31, 2002, filed with the SEC on May 15, 2002. |
| 10.6* | Amended and Restated Horace Mann Nonqualified Supplemental Money Purchase Pension Plan, incorporated by reference to Exhibit 10.9 to HMEC's Annual Report on Form 10-K for the year ended December 31, 2008, filed with the SEC on March 2, 2009. |
| 10.7* | Summary of HMEC Non-employee Director Compensation, incorporated by reference to HMEC's 2025 Proxy Statement, filed with the SEC on April 2, 2025. |
| 10.8* | Summary of HMEC Named Executive Officer Annualized Salaries, incorporated by reference to Exhibit 10.8 to HMEC's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, filed with the SEC on May 6, 2025. |
| 10.9* | Form of Severance Agreement between HMEC, Horace Mann Service Corporation ("HMSC") and certain officers of HMEC and/or HMSC, incorporated by reference to Exhibit 10.13 to HMEC's Annual Report on Form 10-K for the year ended December 31, 2012, filed with the SEC on February 28, 2013. |
| 10.10* | HMSC Executive Change in Control Plan, incorporated by reference to Exhibit 10.15 to HMEC's Current Report on Form 8-K dated February 15, 2012, filed with the SEC on February 22, 2012. |
| 10.10(a)* | HMSC Executive Change in Control Plan Schedule A Plan Participants, incorporated by reference to Exhibit 10.10(a) to HMEC's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, filed with the SEC on May 6, 2025. |
| 10.11* | HMSC Executive Severance Plan, incorporated by reference to Exhibit 10.16 to HMEC's Current Report on Form 8-K dated March 7, 2012, filed with the SEC on March 13, 2012. |
| 10.11(a)* | First Amendment to the HMSC Executive Severance Plan, incorporated by reference to Exhibit 10.16(a) to HMEC's Quarterly Report on Form 10-Q for the quarter ended June 30, 2012, filed with the SEC on August 9, 2012. |
| 10.11(b)* | HMSC Executive Severance Plan Schedule A Participants, incorporated by reference to Exhibit 10.11(b) to HMEC's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, filed with the SEC on May 6, 2025. |
| 10.12 | Stock Purchase Agreement Among Horace Mann Educators Corporation, and Robert Paglione, Paglione Family Irrevocable Trust F/B/O Adam Paglione, Paglione Family Irrevocable Trust F/B/O Lisa and Jorge Arroyo, Beau Adams and Benefit Consultants Group, Inc. dated as of October 30, 2018, incorporated by reference to Exhibit 10.12 to HMEC's Annual Report on Form 10-K for the year ended December 31, 2018, filed with the SEC on March 1, 2019. |
| 10.13 | Purchase Agreement By and Among Ellard Family Holdings, Inc., Brian M. Ellard, The JCE Exempt Trust and Horace Mann Educators Corporation dated as of December 10, 2018, incorporated by reference to Exhibit 10.13 to HMEC's Annual Report on Form 10-K for the year ended December 31, 2018, filed with the SEC on March 1, 2019. |
| 10.14 | Stock Purchase Agreement for Madison National Life, incorporated by reference to Exhibit 10.14 to HMEC's Quarterly Report on Form 10-Q for the quarter ended September 30, 2021, filed with the SEC on November 5, 2021. |
| 10.15 | Executive employment offer letter to Stephen J. McAnena, Chief Operating Officer, dated April 4, 2023, incorporated by reference to Exhibit 10.15 to HMEC's Quarterly Report on Form 10-Q for the quarter ended June 30, 2023, filed with the SEC on August 8, 2023. |
| (19) | HMEC Insider Trading Policy, incorporated by reference to Exhibit 19 to HMEC's Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on February 28, 2025. |
| (21) | Subsidiaries of HMEC. |
| (23) | Consent of KPMG LLP. |
| (31) Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002: | |
|---|---|
| 31.1 | Certification by Marita Zuraitis, Chief Executive Officer of HMEC. |
| 31.2 | Certification by Ryan E. Greenier, Chief Financial Officer of HMEC. |
| (32) Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002: | |
| 32.1 | Certification by Marita Zuraitis, Chief Executive Officer of HMEC. |
| 32.2 | Certification by Ryan E. Greenier, Chief Financial Officer of HMEC. |
| 97.1 | Horace Mann Educators Corporation Clawback Policy, incorporated by reference to Exhibit 97.1 to HMEC's Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on February 27, 2024. |
| (99) Additional exhibits: | |
|---|---|
| 99.1 | Glossary of Selected Terms. |
| (101) Interactive Data File: | |
| 101.1 | The following information from Horace Mann Educators Corporation’s Annual Report on Form 10-K for the year ended December 31, 2025 formatted in Inline XBRL: (i) Consolidated Balance Sheets as of December 31, 2025 and 2024 (ii) Consolidated Statements of Operations and Comprehensive Income (Loss) for the years ended December 31, 2025, 2024 and 2023; (iii) Consolidated Statements of Changes in Shareholders' Equity for the years ended December 31, 2025, 2024 and 2023; (iv) Consolidated Statements of Cash Flows for the years ended December 31, 2025, 2024 and 2023; (v) Notes to Consolidated Financial Statements; (vi) Financial Statement Schedules; and (vii) the cover page. |
| 104.1 | Cover Page Interactive Data File (Embedded within the Inline XBRL document and included in Exhibit 101.1). |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.