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$53.69+1.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Income (Loss)
| Year Ended December 31, | |||||
|---|---|---|---|---|---|
| 2024 | 2023 | 2022(1) | |||
| Statements of Operations | |||||
| Revenues | |||||
| Net premiums and contract charges earned | $1,146.0 | $1,057.1 | $1,027.7 | ||
| Net investment income | 445.7 | 444.8 | 400.9 | ||
| Net investment losses | (17.3) | (24.0) | (56.5) | ||
| Other income | 20.8 | 14.0 | 9.5 | ||
| Total revenues | 1,595.2 | 1,491.9 | 1,381.6 | ||
| Benefits, losses and expenses | |||||
| Benefits, claims and settlement expenses (Reserve remeasurement (gains)/losses $1.6, $(1.6), $(2.5)) | 745.0 | 769.1 | 747.0 | ||
| Interest credited | 215.9 | 205.7 | 173.4 | ||
| Operating expenses | 345.5 | 318.1 | 315.5 | ||
| DAC amortization expense | 111.1 | 101.2 | 88.2 | ||
| Intangible asset amortization expense | 14.5 | 14.8 | 16.8 | ||
| Interest expense | 34.6 | 29.7 | 19.4 | ||
| Other expense - goodwill and intangible asset impairments | — | — | 4.8 | ||
| Total benefits, losses and expenses | 1,466.6 | 1,438.6 | 1,365.1 | ||
| Income before income taxes | 128.6 | 53.3 | 16.5 | ||
| Income tax expense (benefit) | 25.8 | 8.3 | (3.3) | ||
| Net income | $102.8 | $45.0 | $19.8 | ||
| Net income per share | |||||
| Basic | $2.49 | $1.09 | $0.48 | ||
| Diluted | $2.48 | $1.09 | $0.47 | ||
| Weighted average number of shares and equivalent shares | |||||
| Basic | 41.3 | 41.3 | 41.6 | ||
| Diluted | 41.5 | 41.4 | 41.8 | ||
| Statements of Comprehensive Income (Loss) | |||||
| Net income | $102.8 | $45.0 | $19.8 | ||
| Other comprehensive income (loss), net of tax: | |||||
| Change in net unrealized investment gains(losses) on fixed maturity securities | (29.1) | 121.3 | (796.7) | ||
| Change in net reserve remeasurements attributable to discount rates | 89.0 | (37.1) | 445.9 | ||
| Change in net funded status of benefit plans | 0.6 | 1.2 | 1.4 | ||
| Other comprehensive income (loss) | 60.5 | 85.4 | (349.4) | ||
| Comprehensive income (loss) | $163.3 | $130.4 | $(329.6) | ||
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