Horace Mann Educators Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Debt Securities	5,715	4,245	4,219	4,222	5,343
Investments in Equity & Preferred Securities	1,143	1,219	1,225	1,083	860
Policy Loans	-	140.8	141.4	139.3	-
Other Investments	447.5	150.6	209.8	247.1	339.5
Total Investments	7,305	5,799	5,795	5,692	6,543
Cash & Equivalents	26.2	33.1	29	42.2	133
Reinsurance Recoverable	419	829.1	904.7	930.5	272.8
Other Receivables	-	28.1	25.9	18.8	9.5
Deferred Policy Acquisition Cost	358.2	347.2	336.3	330.6	248
Separate Account Assets	4,157	3,709	3,294	2,792	3,441
Property, Plant & Equipment	-	73.4	68.6	69.3	75
Goodwill	54.3	54.3	54.3	54.3	43.5
Other Intangible Assets	141.5	13.4	170.3	185.2	145.4
Restricted Cash	1.3	5	0.7	0.6	0.7
Other Current Assets	2,370	2,453	2,516	2,523	2,492
Other Long-Term Assets	434.5	1,144	855.3	667.1	980.3
Total Assets	15,267	14,488	14,050	13,306	14,384
Insurance & Annuity Liabilities	7,722	6,643	6,870	6,903	7,415
Unpaid Claims	565.2	569.2	581.7	564	425.9
Unearned Premiums	372.1	344.2	300.9	266.1	255.1
Current Portion of Long-Term Debt	-	509.5	-	-	-
Short-Term Debt	-	12	-	319.2	249
Long-Term Debt	593.4	1,027	1,451	1,042	253.6
Long-Term Leases	-	-	-	-	10
Long-Term Deferred Tax Liabilities	-	55.8	33.4	8.8	190.5
Separate Account Liability	4,157	3,709	3,294	2,792	3,441
Other Current Liabilities	-	106.8	108.4	98.4	119.6
Other Long-Term Liabilities	374	224.1	235.2	214.6	199.9
Total Liabilities	13,784	13,200	12,875	12,208	12,577
Common Stock	0.1	0.1	0.1	0.1	0.1
Additional Paid-In Capital	538.8	525.2	510.9	502.6	495.3
Retained Earnings	1,652	1,548	1,502	1,512	1,525
Treasury Stock	-553.3	-532.5	-523.9	-517.4	-493.4
Comprehensive Income & Other	-154.6	-253.5	-314	-399.4	280.5
Shareholders' Equity	1,483	1,288	1,175	1,098	1,807
Total Liabilities & Equity	15,267	14,488	14,050	13,306	14,384
Filing Date Shares Outstanding	40.7	40.87	40.88	40.84	41.35
Total Common Shares Outstanding	40.7	40.86	40.84	40.9	41.39
Total Debt	593.4	1,549	1,451	1,361	512.6
Net Cash (Debt)	-567.2	-1,515	-1,422	-1,319	-379.6
Net Cash Per Share	-13.63	-36.52	-34.34	-31.54	-9.00
Book Value Per Share	36.43	31.51	28.78	26.85	43.66
Tangible Book Value	1,287	1,220	950.7	858.8	1,619
Tangible Book Value Per Share	31.62	29.85	23.28	21.00	39.10

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