Horace Mann Educators Balance Sheet

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
Investments in Debt Securities	4,531	4,245	4,219	4,222	5,343	5,611
Investments in Equity & Preferred Securities	1,182	1,219	1,225	1,083	860	570.6
Policy Loans	138.5	140.8	141.4	139.3	-	-
Other Investments	295.1	150.6	209.8	247.1	339.5	329.5
Total Investments	6,147	5,799	5,795	5,692	6,543	6,511
Cash & Equivalents	46.7	33.1	29	42.2	133	21.8
Reinsurance Recoverable	423.1	829.1	904.7	930.5	272.8	122.5
Other Receivables	-	28.1	25.9	18.8	9.5	12.6
Deferred Policy Acquisition Cost	358.3	347.2	336.3	330.6	248	229.8
Separate Account Assets	4,088	3,709	3,294	2,792	3,441	2,891
Property, Plant & Equipment	-	73.4	68.6	69.3	75	77.3
Goodwill	54.3	54.3	54.3	54.3	43.5	43.5
Other Intangible Assets	145.1	13.4	170.3	185.2	145.4	158.5
Restricted Cash	255.8	5	0.7	0.6	0.7	0.5
Other Current Assets	2,402	2,453	2,516	2,523	2,492	2,438
Other Long-Term Assets	1,569	1,144	855.3	667.1	980.3	965
Total Assets	15,490	14,488	14,050	13,306	14,384	13,472
Insurance & Annuity Liabilities	7,700	6,643	6,870	6,903	7,415	7,090
Unpaid Claims	564.1	569.2	581.7	564	425.9	438.8
Unearned Premiums	378.4	344.2	300.9	266.1	255.1	264.5
Current Portion of Long-Term Debt	-	509.5	-	-	-	-
Short-Term Debt	-	12	-	319.2	249	135
Long-Term Debt	842.9	1,027	1,451	1,042	253.6	302.3
Long-Term Leases	-	-	-	-	10	13.6
Long-Term Deferred Tax Liabilities	-	55.8	33.4	8.8	190.5	206.7
Separate Account Liability	4,088	3,709	3,294	2,792	3,441	2,891
Other Current Liabilities	75.3	106.8	108.4	98.4	119.6	123.3
Other Long-Term Liabilities	399.7	224.1	235.2	214.6	199.9	198.5
Total Liabilities	14,048	13,200	12,875	12,208	12,577	11,682
Common Stock	0.1	0.1	0.1	0.1	0.1	0.1
Additional Paid-In Capital	535.8	525.2	510.9	502.6	495.3	488.4
Retained Earnings	1,630	1,548	1,502	1,512	1,525	1,435
Treasury Stock	-546.4	-532.5	-523.9	-517.4	-493.4	-488.1
Comprehensive Income & Other	-178.4	-253.5	-314	-399.4	280.5	355.1
Shareholders' Equity	1,441	1,288	1,175	1,098	1,807	1,790
Total Liabilities & Equity	15,490	14,488	14,050	13,306	14,384	13,472
Filing Date Shares Outstanding	40.68	40.87	40.88	40.84	41.35	41.42
Total Common Shares Outstanding	40.81	40.86	40.84	40.9	41.39	41.41
Total Debt	842.9	1,549	1,451	1,361	512.6	450.9
Net Cash (Debt)	-796.2	-1,515	-1,422	-1,319	-379.6	-429.1
Net Cash Per Share	-19.15	-36.52	-34.34	-31.54	-9.00	-10.22
Book Value Per Share	35.31	31.51	28.78	26.85	43.66	43.22
Tangible Book Value	1,242	1,220	950.7	858.8	1,619	1,588
Tangible Book Value Per Share	30.43	29.85	23.28	21.00	39.10	38.35

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