Horace Mann Educators Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Premiums & Annuity Revenue	1,212	1,146	1,057	1,028	888.8	930.7
Total Interest & Dividend Income	388.4	400.9	385.7	360.4	343.5	336.7
Gain (Loss) on Sale of Investments	-23.3	-17.3	-24	-56.5	-11	-2.3
Other Revenue	98.5	65.6	73.1	50	108	45.3
Total Revenue	1,676	1,595	1,492	1,382	1,329	1,310
Revenue Growth (YoY)	5.44%	6.92%	7.98%	3.93%	1.44%	-8.40%
Policy Benefits	923.4	960.9	974.8	920.4	750.7	773.5
Policy Acquisition & Underwriting Costs	120	111.1	101.2	88.2	90.6	99.9
Amortization of Goodwill & Intangibles	14.4	14.5	14.8	16.8	13	14.4
Selling, General & Administrative	379.1	345.5	318.1	315.5	251	237.8
Total Operating Expenses	1,437	1,432	1,409	1,341	1,105	1,126
Operating Income	238.7	163.2	83	40.7	224	184.8
Interest Expense	-34.9	-34.6	-29.7	-19.4	-13.9	-15.2
EBT Excluding Unusual Items	203.8	128.6	53.3	21.3	210.1	169.6
Impairment of Goodwill	-	-	-	-2	-	-5.6
Asset Writedown	-	-	-	-2.8	-	-4.4
Pretax Income	203.8	128.6	53.3	16.5	210.1	159.6
Income Tax Expense	39.7	25.8	8.3	-3.3	39.7	26.3
Net Income	164.1	102.8	45	19.8	170.4	133.3
Net Income to Common	164.1	102.8	45	19.8	170.4	133.3
Net Income Growth	57.64%	128.44%	127.27%	-88.38%	27.83%	-27.71%
Shares Outstanding (Basic)	41	41	41	42	42	42
Shares Outstanding (Diluted)	42	42	41	42	42	42
Shares Change (YoY)	0.24%	0.24%	-0.96%	-0.95%	0.48%	0.24%
EPS (Basic)	3.97	2.49	1.09	0.48	4.06	3.18
EPS (Diluted)	3.95	2.48	1.09	0.47	4.04	3.17
EPS Growth	56.80%	127.61%	131.83%	-88.37%	27.45%	-27.96%
Dividend Per Share	1.390	1.360	1.320	1.280	1.240	1.200
Dividend Growth	2.96%	3.03%	3.13%	3.23%	3.33%	4.35%
Operating Margin	14.25%	10.23%	5.56%	2.95%	16.85%	14.10%
Profit Margin	9.79%	6.44%	3.02%	1.43%	12.82%	10.17%
EBITDA	266.1	189.6	109.2	68.3	242.4	208.2
EBITDA Margin	15.88%	11.89%	7.32%	4.94%	18.23%	15.89%
D&A For EBITDA	27.4	26.4	26.2	27.6	18.4	23.4
EBIT	238.7	163.2	83	40.7	224	184.8
EBIT Margin	14.25%	10.23%	5.56%	2.95%	16.85%	14.10%
Effective Tax Rate	19.48%	20.06%	15.57%	-	18.90%	16.48%
Revenue as Reported	1,676	1,595	1,492	1,382	1,329	1,310

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.