HORACE MANN EDUCATORS CORP /DE/
For the period ended Jun 30, 2026. Filed Aug 7, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 7, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Corporate & Other
The following table provides certain financial information for Corporate & Other for the periods indicated.
| ($ in millions) | Three Months EndedJune 30, | 2026-2025 | Six Months EndedJune 30, | 2026-2025 | ||||
|---|---|---|---|---|---|---|---|---|
| 2026 · 2025 · % Change · 2026 · 2025 · % Change | ||||||||
| Total revenues | 2.5 | (1.1) | N.M. | 3.6 | 5.1 | -29.4% | ||
| Interest expense | $9.6 | $8.6 | 11.6% | 19.1 | 17.5 | 9.1% | ||
| Other operating expenses | 12.9 | 3.8 | 239.5% | 21.9 | 6.3 | 247.6% | ||
| Net investment losses | (0.1) | (5.9) | N.M. | (2.3) | (9.2) | N.M. | ||
| Loss before income taxes | (20.1) | (19.4) | -3.6% | (39.7) | (27.9) | -42.3% | ||
| Net loss | (12.8) | (15.0) | 14.7% | (27.6) | (21.6) | -27.8% | ||
| Core loss* | (5.4) | (10.3) | 47.6% | (13.7) | (14.3) | 4.2% | ||
For the three and six months ended June 30, 2026, the net results increased $2.2 million and decreased $6.0 million, respectively. The change in revenues is driven by net investment income increasing $3.2 million for the quarter due to higher returns from limited partnerships and decreasing $2.3 million for the year, reflecting lower contributions from limited partnerships compared to a particularly strong prior-year period. Lower net investment losses were due toroutine portfolio management activities, including lower impairment losses.
Operating expenses increased $9.1 million and $15.6 million for the three and six months ended June 30, 2026, respectively. The increase included $6.7 million and $13.7 million for the three and six months ended June 30, 2026, respectively related to our voluntary Early Retirement Offering. In addition, the segment incurred $2.5 million of acquisition related expenses that impacted both the quarterly and year to date comparisons.
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