HORACE MANN EDUCATORS CORP DE
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
View on SEC.govAbout this filing
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$53.69+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
Consolidated Statements of Operations and Comprehensive Income (Loss)
| Year Ended December 31, | |||||
|---|---|---|---|---|---|
| 2023 | 2022(1) | 2021(1) | |||
| Statements of Operations | |||||
| Revenues | |||||
| Net premiums and contract charges earned | $1,057.1 | $1,027.7 | $888.8 | ||
| Net investment income | 444.8 | 400.9 | 422.5 | ||
| Net investment losses | (24.0) | (56.5) | (11.0) | ||
| Other income | 14.0 | 9.5 | 29.0 | ||
| Total revenues | 1,491.9 | 1,381.6 | 1,329.3 | ||
| Benefits, losses and expenses | |||||
| Benefits, claims and settlement expenses | 769.1 | 747.0 | 590.7 | ||
| Interest credited | 205.7 | 173.4 | 160.0 | ||
| Operating expenses | 318.1 | 315.5 | 251.0 | ||
| DAC amortization expense | 101.2 | 88.2 | 90.6 | ||
| Intangible asset amortization expense | 14.8 | 16.8 | 13.0 | ||
| Interest expense | 29.7 | 19.4 | 13.9 | ||
| Other expense - goodwill and intangible asset impairments | — | 4.8 | — | ||
| Total benefits, losses and expenses | 1,438.6 | 1,365.1 | 1,119.2 | ||
| Income before income taxes | 53.3 | 16.5 | 210.1 | ||
| Income tax expense | 8.3 | (3.3) | 39.7 | ||
| Net income | $45.0 | $19.8 | $170.4 | ||
| Net income per share | |||||
| Basic | $1.09 | $0.48 | $4.06 | ||
| Diluted | $1.09 | $0.47 | $4.04 | ||
| Weighted average number of shares and equivalent shares | |||||
| Basic | 41.3 | 41.6 | 42.0 | ||
| Diluted | 41.4 | 41.8 | 42.2 | ||
| Statements of Comprehensive Income (Loss) | |||||
| Net income | $45.0 | $19.8 | $170.4 | ||
| Other comprehensive income (loss), net of tax: | |||||
| 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 | ||
| Other comprehensive income (loss) | 85.4 | (349.4) | (405.1) | ||
| Comprehensive income (loss) | $130.4 | $(329.6) | $(234.7) | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.