HORACE MANN EDUCATORS CORP DE
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
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 Statements of Changes in Shareholders' Equity
| Year Ended December 31, | |||||
|---|---|---|---|---|---|
| 2023 | 2022(1) | 2021(1) | |||
| Common stock, $0.001 par value | |||||
| Beginning balance | $0.1 | $0.1 | $0.1 | ||
| Options exercised | — | — | — | ||
| Conversion of common stock units | — | — | — | ||
| Conversion of restricted common stock units | — | — | — | ||
| Ending balance | 0.1 | 0.1 | 0.1 | ||
| Additional paid-in capital | |||||
| Beginning balance | 502.6 | 495.3 | 488.3 | ||
| Options exercised and conversion of commonstock units and restricted stock units | (0.5) | (0.9) | (0.7) | ||
| Share-based compensation expense | 8.8 | 8.2 | 7.7 | ||
| Ending balance | 510.9 | 502.6 | 495.3 | ||
| Retained earnings | |||||
| Beginning balance | 1,512.4 | 1,547.0 | 1,434.6 | ||
| Net income (loss) | 45.0 | 19.8 | 170.4 | ||
| Dividends, 2023, $1.32 per share; 2022, $1.28 per share; 2021, $1.24 per share | (55.2) | (53.7) | (52.5) | ||
| Effect of adopting ASU 2018-12 | — | (0.7) | (5.5) | ||
| Ending balance | 1,502.2 | 1,512.4 | 1,547.0 | ||
| Accumulated other comprehensive income (loss), net of tax: | |||||
| Beginning balance | (399.4) | (50.0) | 355.1 | ||
| Effect of adopting ASU 2018-12 | — | — | (426.6) | ||
| Change in net unrealized investment gains (losses) on fixed maturity securities | 121.3 | (796.7) | (90.3) | ||
| Change in net reserve remeasurements attributable to discount rates | (37.1) | 445.9 | 110.8 | ||
| Change in net funded status of benefit plans | 1.2 | 1.4 | 1.0 | ||
| Ending balance | (314.0) | (399.4) | (50.0) | ||
| Treasury stock, at cost | |||||
| Beginning balance | (517.4) | (493.4) | (488.1) | ||
| Treasury stock acquired - share repurchase authorization | (6.5) | (24.0) | (5.3) | ||
| Ending balance | (523.9) | (517.4) | (493.4) | ||
| Shareholders' equity at end of year | $1,175.3 | $1,098.3 | $1,499.0 | ||
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