Horace Mann Educators Income Statement

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
Net Premiums Earned	1,228	1,146	1,057	1,028	888.8
Investment Income	464.3	445.7	444.8	400.9	422.5
Net Gains on Investments	-13	-17.3	-24	-56.5	-11
Total Other Revenues	21.7	20.8	14	9.5	29
Revenue	1,701	1,595	1,492	1,382	1,329
Revenue Growth (YoY)	6.66%	6.92%	7.98%	3.93%	1.44%
Insurance Benefits & Claims	928.4	960.9	974.8	920.4	750.7
Policy Amortization Costs	124.5	111.1	101.2	88.2	90.6
Other Operating Expenses	410.9	360	332.9	337.1	264
Operating Income	237.6	163.2	83	35.9	224
Interest Expense	-36.4	-34.6	-29.7	-19.4	-13.9
Total Non-Operating Income (Expense)	-36.4	-34.6	-29.7	-19.4	-13.9
Pretax Income	201.2	128.6	53.3	16.5	210.1
Provision for Income Taxes	39.1	25.8	8.3	-3.3	39.7
Net Income	162.1	102.8	45	19.8	170.4
Net Income to Common	162.1	102.8	45	19.8	170.4
Net Income Growth	57.68%	128.44%	127.27%	-88.38%	27.83%
Shares Outstanding (Basic)	41	41	41	42	42
Shares Outstanding (Diluted)	42	42	41	42	42
Shares Change (YoY)	0.24%	0.24%	-0.96%	-0.95%	0.48%
EPS (Basic)	3.93	2.49	1.09	0.48	4.06
EPS (Diluted)	3.90	2.48	1.09	0.47	4.04
EPS Growth	57.26%	127.52%	131.91%	-88.37%	27.45%
Shares Outstanding	40.66	40.86	40.84	40.9	41.39
Free Cash Flow	553.2	452.1	302.1	171.5	204.9
Free Cash Flow Growth	22.36%	49.65%	76.15%	-16.30%	-21.13%
Free Cash Flow Per Share	13.30	10.89	7.30	4.10	4.86
Dividends Per Share	1.400	1.360	1.320	1.280	1.240
Dividend Growth	2.94%	3.03%	3.13%	3.23%	3.33%
Operating Margin	13.96%	10.23%	5.56%	2.60%	16.85%
Profit Margin	9.53%	6.44%	3.02%	1.43%	12.82%
FCF Margin	32.51%	28.34%	20.25%	12.41%	15.41%
EBITDA	264.7	189.6	109.2	63.5	242.4
EBITDA Margin	15.56%	11.89%	7.32%	4.60%	18.24%
EBIT	237.6	163.2	83	35.9	224
EBIT Margin	13.96%	10.23%	5.56%	2.60%	16.85%
Effective Tax Rate	19.43%	20.06%	15.57%	-20.00%	18.90%

Updated Feb 27, 2026. Data Source: Fiscal.ai. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q