Symbols / HMN Stock $48.86 +0.23% Horace Mann Educators Corporation

Financial Services • Insurance - Property & Casualty • United States • NYQ
HMN (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Insurance - Property & Casualty
CEO Ms. Marita Zuraitis
Exch · Country NYQ · United States
Market Cap 1.97B
Enterprise Value 2.47B
Income 165.10M
Sales 1.71B
FCF (ttm) 275.64M
Book/sh 35.94
Cash/sh 2.38
Employees 1,800
Insider 10d —
IPO Nov 15, 1991
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 35.43%
P/E 12.28
Forward P/E 9.63
PEG 1.16
P/S 1.15
P/B 1.36
P/C —
EV/EBITDA 9.23
EV/Sales 1.44
Quick Ratio 0.09
Current Ratio 2.84
Debt/Eq 40.40
LT Debt/Eq —
EPS (ttm) 3.98
EPS next Y 5.07
EPS Growth 8.70%
Revenue Growth 3.10%
EPS Gr Q/Q 7.90%
Rev Gr Q/Q —
Earnings (next) 2026-08-05
Earnings (prior) 2026-05-06
ROA 1.03%
ROE 11.74%
ROIC —
Gross Margin 38.76%
Oper. Margin 13.91%
Profit Margin 9.63%
Shs Outstand 40.38M
Shs Float 39.91M
Insider Own 1.62%
Instit Own 104.29%
Short Float 3.53%
Short Ratio 4.68
Short Interest 1.04M
52W High 49.60
vs 52W High -1.49%
52W Low 40.04
vs 52W Low 22.03%
Beta 0.13
Impl. Vol. 32.13%
Rel Volume 0.87
Avg Volume 228.97K
Volume 198.57K
Target (mean) $52.00
Tgt Median $52.00
Tgt Low $51.00
Tgt High $53.00
# Analysts 2
Recom Buy
Prev Close $48.75
Price $48.86
Change 0.23%
About

Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. It operates through three segments: Property & Casualty, Life & Retirement, and Supplemental & Group Benefits segments. The Property & Casualty segment offers insurance products, including private passenger auto insurance, residential home insurance, and personal umbrella insurance; standard auto coverage including liability, collision, and comprehensive; property coverage for homeowners and renters. The Life & Retirement segment sells tax-qualified fixed, fixed indexed, and variable annuities; the Horace Mann Retirement Advantage open architecture platform and other defined contribution plans; traditional term, whole life insurance products, and indexed universal life (IUL) products. This segment also offers Life by Design, a portfolio of individual whole life and individual term insurance products that address the financial planning needs of educators; Life Select, a combination product that mixes a base of either traditional whole life, 20-pay life, or life paid-up at age 65 with a variety of term riders; single premium whole life products; and cash value term. The Supplemental & Group Benefits segment offers employer-sponsored products, including accident, critical illness, limited-benefit fixed indemnity insurance, term life, and short-term and long-term disability, as well as worksite direct products, such as supplemental heart, cancer, disability, and accident coverages. The company offers individual protection and savings solutions, including auto insurance, property insurance, liability insurance, 403(b) retirement plans, mutual funds, life insurance, student loan solutions, credit monitoring, and financial wellness workshops. It distributes its products and services through agents, brokers, benefit specialists, direct and digital channels. The company was founded in 1945 and is headquartered in Springfield, Illinois.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$52.00
Mean price target
2. Current target
$48.86
Latest analyst target
3. DCF / Fair value
$122.87
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$48.86
Low
$51.00
High
$53.00
Mean
$52.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-07-28 init BMO Capital — → Outperform $48
2025-07-03 main Piper Sandler Neutral → Neutral $45
2025-05-15 main Raymond James Strong Buy → Strong Buy $49
2025-02-11 main Keefe, Bruyette & Woods Market Perform → Market Perform $45
2025-02-07 reit JMP Securities Market Perform → Market Perform —
2025-02-07 main Piper Sandler Neutral → Neutral $44
2024-11-12 down Keefe, Bruyette & Woods Outperform → Market Perform $44
2024-11-06 main Piper Sandler Neutral → Neutral $42
2024-10-02 main Piper Sandler Neutral → Neutral $36
2024-08-13 main Keefe, Bruyette & Woods Outperform → Outperform $39
2024-07-26 main Keefe, Bruyette & Woods Outperform → Outperform $40
2024-06-28 main Piper Sandler Neutral → Neutral $35
2024-06-18 reit JMP Securities — → Market Perform —
2024-05-10 main Piper Sandler Neutral → Neutral $37
2024-04-05 main Piper Sandler Neutral → Neutral $39
2024-01-29 up Keefe, Bruyette & Woods Market Perform → Outperform $40
2023-02-08 main Piper Sandler — → Neutral $38
2023-01-25 down Piper Sandler Overweight → Neutral $38
2022-08-19 up Piper Sandler Neutral → Overweight $42
2022-07-14 main Piper Sandler — → Neutral $38
News
RSS: Latest HMN news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-06-02 ZURAITIS MARITA Chief Executive Officer — 7,500 $46.25 $346,845
2026-05-20 FETTER VICTOR Director — 3,955 $46.77 $185,021
2026-05-20 MCCLURE BEVERLEY J Director — 2,780 $46.77 $130,021
2026-05-20 REECE HENRY WADE Director — 2,780 $46.77 $130,021
2026-05-20 SAMUEL AALIYAH A Director — 2,780 $46.77 $130,021
2026-05-20 HINES PERRY GLENN Director — 2,780 $46.77 $130,021
2026-05-20 KONEN MARK E Director — 2,780 $46.77 $130,021
2026-05-20 SARSYNSKI ELAINE A Director — 2,780 $46.77 $130,021
2026-05-20 BRADLEY THOMAS A Director — 2,780 $46.77 $130,021
2026-05-19 ZURAITIS MARITA Chief Executive Officer — 14 $46.15 $646
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
1,624.90
+4.81%
1,550.40
+8.21%
1,432.80
+6.84%
1,341.10
Operating Revenue
1,624.90
+4.81%
1,550.40
+8.21%
1,432.80
+6.84%
1,341.10
Other Operating Expenses
396.60
+14.79%
345.50
+8.61%
318.10
+0.82%
315.50
Total Expenses
1,423.70
+0.13%
1,421.80
+3.07%
1,379.50
+4.14%
1,324.60
Reconciled Depreciation
27.10
+2.65%
26.40
+0.76%
26.20
-5.07%
27.60
EBIT
237.60
+45.59%
163.20
+96.63%
83.00
+131.20%
35.90
Total Unusual Items
—
0.00
0.00
+100.00%
-4.80
Total Unusual Items Excluding Goodwill
—
0.00
0.00
+100.00%
-4.80
Special Income Charges
—
0.00
0.00
+100.00%
-4.80
Impairment Of Capital Assets
—
0.00
0.00
-100.00%
4.80
Net Income
162.10
+57.68%
102.80
+128.44%
45.00
+127.27%
19.80
Pretax Income
201.20
+56.45%
128.60
+141.28%
53.30
+223.03%
16.50
Net Non Operating Interest Income Expense
-36.40
-5.20%
-34.60
-16.50%
-29.70
-53.09%
-19.40
Interest Expense Non Operating
36.40
+5.20%
34.60
+16.50%
29.70
+53.09%
19.40
Net Interest Income
-36.40
-5.20%
-34.60
-16.50%
-29.70
-53.09%
-19.40
Interest Expense
36.40
+5.20%
34.60
+16.50%
29.70
+53.09%
19.40
Other Income Expense
21.70
+4.33%
20.80
+48.57%
14.00
+47.37%
9.50
Tax Provision
39.10
+51.55%
25.80
+210.84%
8.30
+351.52%
-3.30
Tax Rate For Calcs
0.00
-3.48%
0.00
+28.85%
0.00
-25.71%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
+100.00%
-1.01
Net Income Including Noncontrolling Interests
162.10
+57.68%
102.80
+128.44%
45.00
+127.27%
19.80
Net Income From Continuing Operation Net Minority Interest
162.10
+57.68%
102.80
+128.44%
45.00
+127.27%
19.80
Net Income From Continuing And Discontinued Operation
162.10
+57.68%
102.80
+128.44%
45.00
+127.27%
19.80
Net Income Continuous Operations
162.10
+57.68%
102.80
+128.44%
45.00
+127.27%
19.80
Normalized Income
162.10
+57.68%
102.80
+128.44%
45.00
+90.74%
23.59
Net Income Common Stockholders
162.10
+57.68%
102.80
+128.44%
45.00
+127.27%
19.80
Diluted EPS
3.90
+57.26%
2.48
+127.61%
1.09
+131.83%
0.47
Basic EPS
3.93
+57.83%
2.49
+128.53%
1.09
+127.00%
0.48
Basic Average Shares
41.20
-0.24%
41.30
+0.00%
41.30
-0.72%
41.60
Diluted Average Shares
41.60
+0.24%
41.50
+0.24%
41.40
-0.96%
41.80
Diluted NI Availto Com Stockholders
162.10
+57.68%
102.80
+128.44%
45.00
+127.27%
19.80
Amortization
14.30
-1.38%
14.50
-2.03%
14.80
-11.90%
16.80
Depreciation And Amortization In Income Statement
14.30
-1.38%
14.50
-2.03%
14.80
-11.90%
16.80
Loss Adjustment Expense
711.50
-4.50%
745.00
-3.13%
769.10
+2.96%
747.00
Net Policyholder Benefits And Claims
711.50
-4.50%
745.00
-3.13%
769.10
+2.96%
747.00
Policyholder Benefits Ceded
48.10
+11.86%
43.00
-5.91%
45.70
+5.06%
43.50
Policyholder Benefits Gross
759.60
-3.60%
788.00
-3.29%
814.80
+3.07%
790.50
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
15,266.60
+5.38%
14,487.80
+3.12%
14,049.90
+5.59%
13,306.10
Cash Cash Equivalents And Short Term Investments
634.50
-88.71%
5,620.90
+2.33%
5,493.10
+1.59%
5,407.20
Cash And Cash Equivalents
26.20
-20.85%
33.10
+14.14%
29.00
-31.28%
42.20
Other Short Term Investments
608.30
-89.11%
5,587.80
+2.26%
5,464.10
+1.85%
5,365.00
Receivables
419.00
-1.37%
424.80
-11.59%
480.50
+2.67%
468.00
Accounts Receivable
419.00
-1.37%
424.80
-11.59%
480.50
+2.67%
468.00
Net PPE
70.80
-3.54%
73.40
+7.00%
68.60
-1.01%
69.30
Goodwill And Other Intangible Assets
182.40
-13.18%
210.10
-6.46%
224.60
-6.22%
239.50
Goodwill
54.30
+0.00%
54.30
+0.00%
54.30
+0.00%
54.30
Other Intangible Assets
128.10
-17.78%
155.80
-8.51%
170.30
-8.05%
185.20
Investments And Advances
7,166.50
+5.77%
6,775.60
+1.29%
6,689.10
+3.73%
6,448.30
Long Term Equity Investment
1,100.60
-1.85%
1,121.30
-1.54%
1,138.80
+15.77%
983.70
Total Liabilities Net Minority Interest
13,783.90
+4.42%
13,200.30
+2.53%
12,874.60
+5.46%
12,207.80
Current Debt And Capital Lease Obligation
—
0.00
0.00
-100.00%
249.00
Current Debt
—
0.00
0.00
-100.00%
249.00
Other Current Borrowings
—
0.00
—
—
Long Term Debt And Capital Lease Obligation
593.40
+8.48%
547.00
+0.18%
546.00
+119.28%
249.00
Long Term Debt
593.40
+8.48%
547.00
+0.18%
546.00
+119.28%
249.00
Stockholders Equity
1,482.70
+15.16%
1,287.50
+9.55%
1,175.30
+7.01%
1,098.30
Common Stock Equity
1,482.70
+15.16%
1,287.50
+9.55%
1,175.30
+7.01%
1,098.30
Capital Stock
0.10
+0.00%
0.10
+0.00%
0.10
+0.00%
0.10
Common Stock
0.10
+0.00%
0.10
+0.00%
0.10
+0.00%
0.10
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
67.32
+0.44%
67.03
+0.43%
66.75
+0.19%
66.62
Ordinary Shares Number
40.66
-0.50%
40.86
+0.07%
40.84
-0.17%
40.90
Treasury Shares Number
26.66
+1.90%
26.17
+0.99%
25.91
+0.77%
25.71
Additional Paid In Capital
538.80
+2.59%
525.20
+2.80%
510.90
+1.65%
502.60
Retained Earnings
1,651.70
+6.69%
1,548.20
+3.06%
1,502.20
-0.67%
1,512.40
Gains Losses Not Affecting Retained Earnings
-154.60
+39.01%
-253.50
+19.27%
-314.00
+21.38%
-399.40
Treasury Stock
553.30
+3.91%
532.50
+1.64%
523.90
+1.26%
517.40
Other Equity Adjustments
93.40
-15.78%
110.90
+406.39%
21.90
-62.88%
59.00
Total Equity Gross Minority Interest
1,482.70
+15.16%
1,287.50
+9.55%
1,175.30
+7.01%
1,098.30
Total Capitalization
2,076.10
+13.17%
1,834.50
+6.58%
1,721.30
+27.76%
1,347.30
Invested Capital
2,076.10
+13.17%
1,834.50
+6.58%
1,721.30
+7.83%
1,596.30
Total Debt
593.40
+8.48%
547.00
+0.18%
546.00
+9.64%
498.00
Net Debt
567.20
+10.37%
513.90
-0.60%
517.00
+13.43%
455.80
Net Tangible Assets
1,300.30
+20.69%
1,077.40
+13.33%
950.70
+10.70%
858.80
Tangible Book Value
1,300.30
+20.69%
1,077.40
+13.33%
950.70
+10.70%
858.80
Investments In Other Ventures Under Equity Method
1,100.60
-1.85%
1,121.30
-1.54%
1,138.80
+15.77%
983.70
Line Of Credit
—
0.00
0.00
-100.00%
249.00
Minimum Pension Liabilities
-2.50
+64.29%
-7.00
+7.89%
-7.60
+13.64%
-8.80
Unrealized Gain Loss
-245.50
+31.31%
-357.40
-8.86%
-328.30
+26.98%
-449.60
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
553.20
+22.36%
452.10
+49.65%
302.10
+76.15%
171.50
Cash Flow From Continuing Operating Activities
553.20
+22.36%
452.10
+49.65%
302.10
+76.15%
171.50
Net Income From Continuing Operations
162.10
+57.68%
102.80
+128.44%
45.00
+127.27%
19.80
Depreciation And Amortization
27.10
+2.65%
26.40
+0.76%
26.20
-5.07%
27.60
Other Non Cash Items
-3.80
-171.43%
-1.40
—
—
Stock Based Compensation
10.20
+3.03%
9.90
+4.21%
9.50
+6.74%
8.90
Asset Impairment Charge
—
0.00
0.00
-100.00%
4.80
Operating Gains Losses
8.00
-84.85%
52.80
+455.79%
9.50
-87.28%
74.70
Gain Loss On Investment Securities
13.00
-24.86%
17.30
-27.92%
24.00
-57.52%
56.50
Change In Working Capital
349.60
+33.64%
261.60
+23.45%
211.90
+493.56%
35.70
Change In Receivables
—
—
—
—
Changes In Account Receivables
—
—
—
—
Change In Payables And Accrued Expense
2.10
-92.55%
28.20
+288.00%
-15.00
-113.57%
110.50
Change In Payable
2.10
-92.55%
28.20
+288.00%
-15.00
-113.57%
110.50
Change In Other Working Capital
222.20
+47.54%
150.60
+274.63%
40.20
+109.83%
-409.00
Investing Cash Flow
-252.10
-85.64%
-135.80
-26.44%
-107.40
+49.95%
-214.60
Cash Flow From Continuing Investing Activities
-252.10
-85.64%
-135.80
-26.44%
-107.40
+49.95%
-214.60
Net Investment Purchase And Sale
-272.30
-45.07%
-187.70
-481.50%
49.20
-80.26%
249.20
Purchase Of Investment
-1,450.60
-24.41%
-1,166.00
-82.47%
-639.00
+39.24%
-1,051.60
Sale Of Investment
1,178.30
+20.44%
978.30
+42.15%
688.20
-47.09%
1,300.80
Net Business Purchase And Sale
30.00
-32.89%
44.70
+126.96%
-165.80
+63.50%
-454.20
Purchase Of Business
-68.80
+8.02%
-74.80
+63.90%
-207.20
+60.22%
-520.80
Net Other Investing Changes
-9.80
-236.11%
7.20
-21.74%
9.20
+195.83%
-9.60
Financing Cash Flow
-311.70
-1.23%
-307.90
-48.17%
-207.80
-334.73%
-47.80
Cash Flow From Continuing Financing Activities
-311.70
-1.23%
-307.90
-48.17%
-207.80
-334.73%
-47.80
Net Issuance Payments Of Debt
-464.30
-71.96%
-270.00
-91.76%
-140.80
+8.57%
-154.00
Issuance Of Debt
295.20
0.00
-100.00%
297.70
0.00
Repayment Of Debt
-759.50
-181.30%
-270.00
+38.43%
-438.50
-184.74%
-154.00
Long Term Debt Issuance
295.20
0.00
-100.00%
297.70
0.00
Long Term Debt Payments
-759.50
-181.30%
-270.00
+38.43%
-438.50
-184.74%
-154.00
Net Long Term Debt Issuance
-464.30
-71.96%
-270.00
-91.76%
-140.80
+8.57%
-154.00
Short Term Debt Issuance
—
—
0.00
0.00
Short Term Debt Payments
—
—
-249.00
0.00
Net Short Term Debt Issuance
—
—
-249.00
0.00
Net Common Stock Issuance
-20.80
-141.86%
-8.60
-32.31%
-6.50
+72.92%
-24.00
Common Stock Payments
-20.80
-141.86%
-8.60
-32.31%
-6.50
+72.92%
-24.00
Common Stock Dividend Paid
-57.10
-2.88%
-55.50
-2.97%
-53.90
-2.47%
-52.60
Cash Dividends Paid
-57.10
-2.88%
-55.50
-2.97%
-53.90
-2.47%
-52.60
Repurchase Of Capital Stock
-20.80
-141.86%
-8.60
-32.31%
-6.50
+72.92%
-24.00
Proceeds From Stock Option Exercised
5.30
+3.92%
5.10
0.00
0.00
Net Other Financing Charges
237.20
+2506.59%
9.10
-85.69%
63.60
-43.52%
112.60
Changes In Cash
-10.60
-226.19%
8.40
+164.12%
-13.10
+85.59%
-90.90
Beginning Cash Position
38.10
+28.28%
29.70
-30.61%
42.80
-67.99%
133.70
End Cash Position
27.50
-27.82%
38.10
+28.28%
29.70
-30.61%
42.80
Free Cash Flow
553.20
+22.36%
452.10
+49.65%
302.10
+76.15%
171.50
Interest Paid Supplemental Data
32.20
-3.88%
33.50
+11.30%
30.10
+65.38%
18.20
Income Tax Paid Supplemental Data
34.70
+57.01%
22.10
+57.86%
14.00
+62.79%
8.60
Change In Income Tax Payable
2.10
-92.55%
28.20
+288.00%
-15.00
-113.57%
110.50
Change In Tax Payable
2.10
-92.55%
28.20
+288.00%
-15.00
-113.57%
110.50
Earnings Losses From Equity Investments
-5.00
-114.08%
35.50
+344.83%
-14.50
-179.67%
18.20
Sale Of Business
98.80
-17.32%
119.50
+188.65%
41.40
-37.84%
66.60
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status
Posts
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