Horace Mann Educators Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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 Income	165.1	162.1	102.8	45	19.8	170.4
Depreciation & Amortization	26.8	27.1	26.4	26.2	27.6	18.4
Stock-Based Compensation	9.8	10.2	9.9	9.5	8.9	8.4
Other Adjustments	-18	-18	18.2	-38.5	-33.5	-52.5
Changes in Claims Reserves	106.8	125.3	82.8	186.7	334.2	114.5
Changes in Income Taxes Payable	3.7	2.1	28.2	-15	110.5	-91.2
Changes in Other Operating Activities	155.7	218.4	149.2	40.2	-409	14.9
Operating Cash Flow	473.7	553.2	452.1	302.1	171.5	204.9
Operating Cash Flow Growth	-8.62%	22.36%	49.65%	76.15%	-16.30%	-21.13%
Purchases of Investments	-1,495	-1,419	-1,241	-806.4	-1,408	-1,826
Proceeds from Sale of Investments	1,260	1,277	1,056	729.6	1,327	1,543
Payments for Business Acquisitions	-	-	-	-	-164.4	-
Other Investing Activities	30.9	-110.3	49.2	-30.6	30.4	-19
Investing Cash Flow	-200.8	-252.1	-135.8	-107.4	-214.6	-302
Short-Term Debt Issued	-	-	-	-	-	114
Short-Term Debt Repaid	-	-	-	-249	-	-
Net Short-Term Debt Issued (Repaid)	-	-	-	-249	-	114
Long-Term Debt Issued	-	295.2	-	297.7	-	5
Long-Term Debt Repaid	-	-250	-	-	-5	-54
Net Long-Term Debt Issued (Repaid)	-	45.2	-	297.7	-5	-49
Issuance of Common Stock	5.8	5.3	5.1	-	-	0.3
Repurchase of Common Stock	-43.4	-24.2	-10.4	-8.3	-26.4	-7.3
Net Common Stock Issued (Repurchased)	-37.6	-18.9	-5.3	-8.3	-26.4	-7
Common Dividends Paid	-57.4	-57.1	-55.5	-53.9	-52.6	-51.4
Other Financing Activities	-232.5	-280.9	-247.1	-194.3	36.2	201.9
Financing Cash Flow	-282.3	-311.7	-307.9	-207.8	-47.8	208.5
Net Cash Flow	-9.4	-10.6	8.4	-13.1	-90.9	111.4
Free Cash Flow	473.7	553.2	452.1	302.1	171.5	204.9
Free Cash Flow Growth	-14.37%	22.36%	49.65%	76.15%	-16.30%	-21.13%
FCF Margin	27.63%	32.51%	28.34%	20.25%	12.41%	15.41%
Free Cash Flow Per Share	11.41	13.30	10.89	7.30	4.10	4.86
Levered Free Cash Flow	351.3	454.9	306.6	145.1	-256.1	177.5
Unlevered Free Cash Flow	381.26	439.03	334.26	121.48	-227.82	123.77

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