Horace Mann Educators Corporation (FRA:HM9)

Horace Mann Educators Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	164.1	102.8	45	19.8	170.4	133.3
Depreciation & Amortization	27.4	26.4	26.2	27.6	18.4	23.4
Gain (Loss) on Sale of Investments	23.3	17.3	24	56.5	11	2.3
Stock-Based Compensation	10.2	9.9	9.5	8.9	8.4	6.7
Reinsurance Recoverable	15.6	55.7	-12.5	-309.8	7.4	1.6
Change in Income Taxes	31.9	28.2	-15	110.5	-91.2	8.3
Change in Insurance Reserves / Liabilities	64.9	82.8	186.7	334.2	114.5	69.9
Change in Other Net Operating Assets	261	93.5	52.7	-99.2	7.5	7
Operating Cash Flow	616.8	452.1	302.1	171.5	204.9	259.8
Operating Cash Flow Growth	70.62%	49.65%	76.15%	-16.30%	-21.13%	103.60%
Cash Acquisitions	-	-	-	-164.4	-	-
Investment in Securities	-232.8	-143	-116.6	-40.6	-291.8	-406.8
Other Investing Activities	-6.2	7.2	9.2	-9.6	-10.2	-
Investing Cash Flow	-239	-135.8	-107.4	-214.6	-302	-406.8
Short-Term Debt Issued	-	2.5	-	9.9	114.3	7.3
Long-Term Debt Issued	-	-	297.7	-	5	4
Total Debt Issued	296.2	2.5	297.7	9.9	119.3	11.3
Total Debt Repaid	-606.8	-270	-441	-154	-416	-
Net Debt Issued (Repaid)	-310.6	-267.5	-143.3	-144.1	-296.7	11.3
Issuance of Common Stock	9.3	5.1	-	-	0.3	2.4
Repurchases of Common Stock	-17.4	-10.4	-8.3	-26.4	-7.3	-4.5
Common Dividends Paid	-56.7	-55.5	-53.9	-52.6	-51.4	-49.6
Other Financing Activities	-275.4	-150.4	-193.8	3.2	-39.2	-21.2
Financing Cash Flow	-115.1	-307.9	-207.8	-47.8	208.5	143.8
Net Cash Flow	262.7	8.4	-13.1	-90.9	111.4	-3.2
Cash Interest Paid	36.3	33.5	30.1	18.2	13.5	15.5
Cash Income Tax Paid	23.7	22.1	14	8.6	23.7	17.3
Levered Free Cash Flow	-133.33	297.18	208.31	-545.89	-85.79	89.71
Unlevered Free Cash Flow	-111.51	318.8	226.88	-533.76	-77.1	99.21
Change in Working Capital	373.4	260.2	211.9	35.7	38.2	86.8

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