Horace Mann Educators Corporation (HMN)

Horace Mann Educators Cash Flow Statement

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

Operating Activities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	162.1	102.8	45	19.8	170.4
Depreciation & Amortization	27.1	26.4	26.2	27.6	18.4
Gain (Loss) on Sale of Investments	13	17.3	24	56.5	11
Stock-Based Compensation	10.2	9.9	9.5	8.9	8.4
Reinsurance Recoverable	5.8	55.7	-12.5	-309.8	7.4
Change in Income Taxes	2.1	28.2	-15	110.5	-91.2
Change in Insurance Reserves / Liabilities	125.3	82.8	186.7	334.2	114.5
Change in Other Net Operating Assets	212.6	93.5	52.7	-99.2	7.5
Operating Cash Flow	553.2	452.1	302.1	171.5	204.9
Operating Cash Flow Growth	22.36%	49.65%	76.15%	-16.30%	-21.13%

Investing Activities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Acquisitions	-	-	-	-164.4	-
Investment in Securities	-242.3	-143	-116.6	-40.6	-291.8
Other Investing Activities	-9.8	7.2	9.2	-9.6	-10.2
Investing Cash Flow	-252.1	-135.8	-107.4	-214.6	-302

Financing Activities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	2.5	-	9.9	114.3
Long-Term Debt Issued	295.2	-	297.7	-	5
Total Debt Issued	295.2	2.5	297.7	9.9	119.3
Total Debt Repaid	-765.2	-270	-441	-154	-416
Net Debt Issued (Repaid)	-470	-267.5	-143.3	-144.1	-296.7
Issuance of Common Stock	5.3	5.1	-	-	0.3
Repurchases of Common Stock	-24.2	-10.4	-8.3	-26.4	-7.3
Common Dividends Paid	-57.1	-55.5	-53.9	-52.6	-51.4
Other Financing Activities	-173.6	-150.4	-193.8	3.2	-39.2
Financing Cash Flow	-311.7	-307.9	-207.8	-47.8	208.5

Net Cash Flow

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash Flow	-10.6	8.4	-13.1	-90.9	111.4

Free Cash Flow

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Levered Free Cash Flow	197.05	297.18	208.31	-545.89	-85.79
Unlevered Free Cash Flow	219.8	318.8	226.88	-533.76	-77.1

Additional Metrics

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	32.2	33.5	30.1	18.2	13.5
Cash Income Tax Paid	34.7	22.1	14	8.6	23.7
Change in Working Capital	345.8	260.2	211.9	35.7	38.2

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 4, 2026

Data Sources Report a data error