HORACE MANN EDUCATORS CORP DE
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
HMN$53.25+0.2%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| December 31, | |||
|---|---|---|---|
| 2023 | 2022(1) | ||
| Assets | |||
| Investments | |||
| Fixed maturity securities, available for sale, at fair value(amortized cost, net 2023, $5,652.9; 2022, $5,756.9) | $5,235.3 | $5,185.0 | |
| Equity securities at fair value, (cost $86.2 and $99.6) | 86.2 | 99.6 | |
| Limited partnership interests | 1,138.8 | 983.7 | |
| Policy loans | 141.4 | 139.3 | |
| Short-term and other investments | 228.8 | 180.0 | |
| Total investments | 6,830.5 | 6,587.6 | |
| Cash | 29.7 | 42.8 | |
| Deferred policy acquisition costs | 336.3 | 330.6 | |
| Reinsurance balances receivable | 480.5 | 468.0 | |
| Deposit asset on reinsurance | 2,496.6 | 2,516.6 | |
| Intangible assets | 170.3 | 185.2 | |
| Goodwill | 54.3 | 54.3 | |
| Other assets | 357.6 | 328.7 | |
| Separate Account variable annuity assets | 3,294.1 | 2,792.3 | |
| Total assets | $14,049.9 | $13,306.1 | |
| Liabilities and Shareholders' Equity | |||
| Policy liabilities | |||
| Future policy benefit reserves | $1,761.8 | $1,718.0 | |
| Policyholders' account balances | 5,187.0 | 5,260.6 | |
| Unpaid claims and claim expenses | 581.7 | 564.0 | |
| Unearned premiums | 300.9 | 266.1 | |
| Total policy liabilities | 7,831.4 | 7,808.7 | |
| Other policyholder funds | 916.0 | 809.3 | |
| Other liabilities | 287.1 | 299.5 | |
| Short-term debt | — | 249.0 | |
| Long-term debt | 546.0 | 249.0 | |
| Separate Account variable annuity liabilities | 3,294.1 | 2,792.3 | |
| Total liabilities | 12,874.6 | 12,207.8 | |
| Preferred stock, $0.001 par value, authorized1,000,000 shares; none issued | — | — | |
| Common stock, $0.001 par value, authorized 75,000,000 shares;issued, 2023, 66,747,821; 2022, 66,618,465 | 0.1 | 0.1 | |
| Additional paid-in capital | 510.9 | 502.6 | |
| Retained earnings | 1,502.2 | 1,512.4 | |
| Accumulated other comprehensive income (loss), net of tax: | |||
| Net unrealized investment losses on fixed maturity securities | (328.3) | (449.6) | |
| Net reserve remeasurements attributable to discount rates | 21.9 | 59.0 | |
| Net funded status of benefit plans | (7.6) | (8.8) | |
| Treasury stock, at cost, 2023, 25,911,087 shares;2022, 25,714,153 shares | (523.9) | (517.4) | |
| Total shareholders' equity | 1,175.3 | 1,098.3 | |
| Total liabilities and shareholders' equity | $14,049.9 | $13,306.1 | |
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