HORACE MANN EDUCATORS CORP DE
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
HMN$53.25+0.2%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
($ in millions, except share data)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Investments | ||
| Fixed maturity securities, available for sale, at fair value(amortized cost, net 2024, $5,842.5; 2023, $5,652.9) | $5,387.9 | $5,235.3 |
| Equity securities at fair value, (cost $78.8 and $86.2) | 66.5 | 86.2 |
| Limited partnership interests (Carried under Fair Value Option, 2024 $28.9 and 2023, $29.5) | 1,121.3 | 1,138.8 |
| Policy loans | 140.8 | 141.4 |
| Short-term and other investments | 199.9 | 228.8 |
| Total investments | 6,916.4 | 6,830.5 |
| Cash | 38.1 | 29.7 |
| Deferred policy acquisition costs | 347.2 | 336.3 |
| Reinsurance balances receivable | 424.8 | 480.5 |
| Deposit asset on reinsurance | 2,434.3 | 2,496.6 |
| Intangible assets | 155.8 | 170.3 |
| Goodwill | 54.3 | 54.3 |
| Other assets | 408.1 | 357.6 |
| Separate Account variable annuity assets | 3,708.8 | 3,294.1 |
| Total assets | $14,487.8 | $14,049.9 |
| Liabilities and Shareholders' Equity | ||
| Policy liabilities | ||
| Future policy benefit reserves | $1,622.8 | $1,761.8 |
| Policyholders' account balances | 5,100.3 | 5,187.0 |
| Unpaid claims and claim expenses | 569.2 | 581.7 |
| Unearned premiums | 344.2 | 300.9 |
| Total policy liabilities | 7,636.5 | 7,831.4 |
| Other policyholder funds | 995.7 | 916.0 |
| Other liabilities | 312.3 | 287.1 |
| Long-term debt | 547.0 | 546.0 |
| Separate Account variable annuity liabilities | 3,708.8 | 3,294.1 |
| Total liabilities | 13,200.3 | 12,874.6 |
| Preferred stock, $0.001 par value, authorized1,000,000 shares; none issued | — | — |
| Common stock, $0.001 par value, authorized 75,000,000 shares;issued, 2024, 67,032,164; 2023, 66,747,821 | 0.1 | 0.1 |
| Additional paid-in capital | 525.2 | 510.9 |
| Retained earnings | 1,548.2 | 1,502.2 |
| Accumulated other comprehensive income (loss), net of tax: | ||
| Net unrealized investment losses on fixed maturity securities | (357.4) | (328.3) |
| Net reserve remeasurements attributable to discount rates | 110.9 | 21.9 |
| Net funded status of benefit plans | (7.0) | (7.6) |
| Treasury stock, at cost, 2024, 26,167,246 shares;2023, 25,911,087 shares | (532.5) | (523.9) |
| Total shareholders' equity | 1,287.5 | 1,175.3 |
| Total liabilities and shareholders' equity | $14,487.8 | $14,049.9 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.