What is Horace Mann Educators Corp's earnings per share (EPS)?

Horace Mann Educators Corp (HMN) reported diluted earnings per share of $3.90 for fiscal year 2025. This represents a 57.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Horace Mann Educators Corp Financials

HMN

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Horace Mann Educators Corp (HMN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI HMN FY2025 2026-05-08

Horace Mann’s earnings recovery is being carried by cash-heavy operations and a gradually repaired equity base.

ROA of 1.1% turned into ROE of 10.9%, which shows shareholder returns are being amplified by a liability-funded balance sheet rather than by unusually rich unit economics. From FY2023 to FY2025, debt-to-equity eased from 0.5x to 0.4x even as long-term debt edged higher, because retained earnings rebuilt the equity cushion faster than debt grew.

Operating cash flow reached $553.2M while net income was $162.1M; that spread suggests the year’s earnings were backed by strong cash realization, not just accounting profit. Operations also covered $252.1M of investing outflows while financing cash flow stayed negative at -$311.7M, so the business did not need net external capital to fund the year’s cash uses.

Since FY2023, net income climbed from $45M to $162.1M, which points to a real earnings recovery rather than a flat business with a one-off boost. Over the same span, interest expense rose only from $29.7M to $36.4M, so the improvement did not come from piling on materially higher funding cost.

Financial Health Signals

Financial Profile 28/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Horace Mann Educators Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Horace Mann Educators Corp's revenue grew 6.7% year-over-year to $1.7B, a solid pace of expansion. This earns a growth score of 45/100.

Leverage

Horace Mann Educators Corp carries a low D/E ratio of 0.40, meaning only $0.40 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 94/100, indicating a strong balance sheet with room for future borrowing.

Returns

Horace Mann Educators Corp's ROE of 10.9% shows moderate profitability relative to equity, earning a score of 30/100. This is up from 8.0% the prior year.

Piotroski F-Score Neutral

5/9

Horace Mann Educators Corp passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

3.41x

For every $1 of reported earnings, Horace Mann Educators Corp generates $3.41 in operating cash flow ($553.2M OCF vs $162.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.7B

YoY+6.7%

5Y CAGR+5.4%

10Y CAGR+4.6%

Horace Mann Educators Corp generated $1.7B in revenue in fiscal year 2025. This represents an increase of 6.7% from the prior year.

EBITDA

N/A

Net Income

$162.1M

YoY+57.7%

5Y CAGR+4.0%

10Y CAGR+5.7%

Horace Mann Educators Corp reported $162.1M in net income in fiscal year 2025. This represents an increase of 57.7% from the prior year.

EPS (Diluted)

$3.90

YoY+57.3%

5Y CAGR+4.2%

10Y CAGR+5.9%

Horace Mann Educators Corp earned $3.90 per diluted share (EPS) in fiscal year 2025. This represents an increase of 57.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$27.5M

YoY-27.8%

5Y CAGR+4.3%

10Y CAGR+5.9%

Horace Mann Educators Corp held $27.5M in cash against $593.4M in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.40

YoY+2.9%

5Y CAGR+3.1%

10Y CAGR+3.4%

Horace Mann Educators Corp paid $1.40 per share in dividends in fiscal year 2025. This represents an increase of 2.9% from the prior year.

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

9.5%

YoY+3.1pp

5Y CAGR-0.6pp

10Y CAGR+0.9pp

Horace Mann Educators Corp's net profit margin was 9.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.1 percentage points from the prior year.

Return on Equity

10.9%

YoY+2.9pp

5Y CAGR+3.5pp

10Y CAGR+3.5pp

Horace Mann Educators Corp's ROE was 10.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.9 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$20.8M

YoY+141.9%

5Y CAGR+56.7%

10Y CAGR-0.5%

Horace Mann Educators Corp spent $20.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 141.9% from the prior year.

Capital Expenditures

N/A

HMN Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$1.7B+6.7%	$1.6B+6.9%	$1.5B+8.0%	$1.4B+3.9%	$1.3B+1.4%	$1.3B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$36.4M+5.2%	$34.6M+16.5%	$29.7M+53.1%	$19.4M+39.6%	$13.9M-8.6%	$15.2M
Income Tax	$39.1M+51.6%	$25.8M+210.8%	$8.3M+351.5%	-$3.3M-108.3%	$39.7M+51.0%	$26.3M
Net Income	$162.1M+57.7%	$102.8M+128.4%	$45.0M+1830.8%	-$2.6M-101.8%	$142.8M+7.1%	$133.3M
EPS (Diluted)	$3.90+57.3%	$2.48+127.5%	$1.09+131.9%	$0.47-88.4%	$4.04+27.4%	$3.17

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$429.3M-1.3%	$434.8M-0.8%	$438.5M+6.5%	$411.7M-1.1%	$416.4M+1.8%	$409.0M-0.8%	$412.1M+6.2%	$388.1M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$9.5M-5.0%	$10.0M+12.4%	$8.9M+3.5%	$8.6M-3.4%	$8.9M+4.7%	$8.5M-2.3%	$8.7M0.0%	$8.7M
Income Tax	$9.0M-5.3%	$9.5M-28.0%	$13.2M+85.9%	$7.1M-23.7%	$9.3M-7.9%	$10.1M+20.2%	$8.4M+950.0%	$800K
Net Income	$41.2M+13.8%	$36.2M-37.9%	$58.3M+98.3%	$29.4M-23.0%	$38.2M0.0%	$38.2M+11.4%	$34.3M+802.6%	$3.8M
EPS (Diluted)	$1.00	N/A	$1.40+97.2%	$0.71-22.8%	$0.92	N/A	$0.83+822.2%	$0.09

HMN Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$15.3B+5.4%	$14.5B+3.1%	$14.0B+5.6%	$13.3B-8.0%	$14.5B+7.3%	$13.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$27.5M-27.8%	$38.1M+28.3%	$29.7M-30.6%	$42.8M-68.0%	$133.7M+499.6%	$22.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$54.3M0.0%	$54.3M0.0%	$54.3M0.0%	$54.3M+24.8%	$43.5M0.0%	$43.5M
Total Liabilities	$13.8B+4.4%	$13.2B+2.5%	$12.9B+5.5%	$12.2B-2.9%	$12.6B+7.7%	$11.7B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$593.4M+8.5%	$547.0M+0.2%	$546.0M+119.3%	$249.0M-1.8%	$253.6M-16.1%	$302.3M
Total Equity	$1.5B+15.2%	$1.3B+9.5%	$1.2B+7.0%	$1.1B-26.7%	$1.5B-16.3%	$1.8B
Retained Earnings	$1.7B+6.7%	$1.5B+3.1%	$1.5B-0.7%	$1.5B-0.8%	$1.5B+6.3%	$1.4B

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$15.0B-2.0%	$15.3B-1.4%	$15.5B+5.2%	$14.7B+2.3%	$14.4B-0.6%	$14.5B-1.5%	$14.7B+3.0%	$14.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$20.9M-24.0%	$27.5M-41.1%	$46.7M+14.2%	$40.9M+35.0%	$30.3M-20.5%	$38.1M-4.3%	$39.8M+172.6%	$14.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$54.3M0.0%	$54.3M0.0%	$54.3M0.0%	$54.3M0.0%	$54.3M0.0%	$54.3M0.0%	$54.3M0.0%	$54.3M
Total Liabilities	$13.5B-2.1%	$13.8B-1.9%	$14.0B+5.1%	$13.4B+2.4%	$13.1B-1.1%	$13.2B-1.7%	$13.4B+2.7%	$13.1B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$593.8M+0.1%	$593.4M-29.6%	$842.9M+54.0%	$547.5M+0.1%	$547.2M0.0%	$547.0M+0.1%	$546.7M0.0%	$546.5M
Total Equity	$1.5B-0.9%	$1.5B+2.9%	$1.4B+6.0%	$1.4B+1.3%	$1.3B+4.3%	$1.3B0.0%	$1.3B+6.5%	$1.2B
Retained Earnings	$1.7B+1.6%	$1.7B+1.3%	$1.6B+2.8%	$1.6B+0.9%	$1.6B+1.5%	$1.5B+1.6%	$1.5B+1.3%	$1.5B

HMN Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$553.2M+22.4%	$452.1M+49.7%	$302.1M+76.2%	$171.5M-16.3%	$204.9M-21.1%	$259.8M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$252.1M-85.6%	-$135.8M-26.4%	-$107.4M+50.0%	-$214.6M+28.9%	-$302.0M+25.8%	-$406.8M
Financing Cash Flow	-$311.7M-1.2%	-$307.9M-48.2%	-$207.8M-334.7%	-$47.8M-122.9%	$208.5M+45.0%	$143.8M
Dividends Paid	$57.1M+2.9%	$55.5M+3.0%	$53.9M+2.5%	$52.6M+2.3%	$51.4M+3.6%	$49.6M
Share Buybacks	$20.8M+141.9%	$8.6M+32.3%	$6.5M-72.9%	$24.0M+352.8%	$5.3M+140.9%	$2.2M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$61.3M-52.8%	$129.9M-14.1%	$151.2M+15.2%	$131.3M-6.7%	$140.8M-27.2%	$193.5M+34.5%	$143.9M+258.0%	$40.2M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$16.2M+192.6%	-$17.5M+89.2%	-$162.6M-340.7%	-$36.9M-5.1%	-$35.1M-697.7%	-$4.4M+90.0%	-$44.2M-59.6%	-$27.7M
Financing Cash Flow	-$84.1M+78.3%	-$387.4M-241.9%	$273.0M+425.8%	-$83.8M+26.2%	-$113.5M+40.5%	-$190.8M-156.1%	-$74.5M-307.1%	-$18.3M
Dividends Paid	$14.6M+2.8%	$14.2M-0.7%	$14.3M0.0%	$14.3M0.0%	$14.3M+3.6%	$13.8M-0.7%	$13.9M0.0%	$13.9M
Share Buybacks	$18.3M+165.2%	$6.9M+1.5%	$6.8M-1.4%	$6.9M+3350.0%	$200K	$0-100.0%	$4.1M-8.9%	$4.5M

HMN Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	9.5%+3.1pp	6.4%+3.4pp	3.0%+3.2pp	-0.2%-10.9pp	10.7%+0.6pp	10.2%
Return on Equity	10.9%+2.9pp	8.0%+4.1pp	3.8%+4.1pp	-0.2%-9.8pp	9.5%+2.1pp	7.4%
Return on Assets	1.1%+0.3pp	0.7%+0.4pp	0.3%+0.3pp	-0.0%-1.0pp	1.0%0.0pp	1.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.40-0.0	0.42-0.0	0.46+0.2	0.23+0.1	0.170.0	0.17
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	9.6%+1.3pp	8.3%-5.0pp	13.3%+6.2pp	7.1%-2.0pp	9.2%-0.2pp	9.3%+1.0pp	8.3%+7.3pp	1.0%
Return on Equity	2.8%+0.4pp	2.4%-1.6pp	4.0%+1.9pp	2.2%-0.7pp	2.8%-0.1pp	3.0%+0.3pp	2.7%+2.4pp	0.3%
Return on Assets	0.3%+0.0pp	0.2%-0.1pp	0.4%+0.2pp	0.2%-0.1pp	0.3%+0.0pp	0.3%+0.0pp	0.2%+0.2pp	0.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.400.0	0.40-0.2	0.58+0.2	0.400.0	0.41-0.0	0.420.0	0.42-0.0	0.45
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Horace Mann Educators Corp's annual revenue?

Horace Mann Educators Corp (HMN) reported $1.7B in total revenue for fiscal year 2025. This represents a 6.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Horace Mann Educators Corp's revenue growing?

Horace Mann Educators Corp (HMN) revenue grew by 6.7% year-over-year, from $1.6B to $1.7B in fiscal year 2025.

Is Horace Mann Educators Corp profitable?

Yes, Horace Mann Educators Corp (HMN) reported a net income of $162.1M in fiscal year 2025, with a net profit margin of 9.5%.

How much debt does Horace Mann Educators Corp have?

As of fiscal year 2025, Horace Mann Educators Corp (HMN) had $27.5M in cash and equivalents against $593.4M in long-term debt.

What is Horace Mann Educators Corp's net profit margin?

Horace Mann Educators Corp (HMN) had a net profit margin of 9.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Horace Mann Educators Corp pay dividends?

Yes, Horace Mann Educators Corp (HMN) paid $1.40 per share in dividends during fiscal year 2025.

What is Horace Mann Educators Corp's return on equity (ROE)?

Horace Mann Educators Corp (HMN) has a return on equity of 10.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Horace Mann Educators Corp's operating cash flow?

Horace Mann Educators Corp (HMN) generated $553.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Horace Mann Educators Corp's total assets?

Horace Mann Educators Corp (HMN) had $15.3B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Horace Mann Educators Corp buy back shares?

Yes, Horace Mann Educators Corp (HMN) spent $20.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is Horace Mann Educators Corp's debt-to-equity ratio?

Horace Mann Educators Corp (HMN) had a debt-to-equity ratio of 0.40 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Horace Mann Educators Corp's return on assets (ROA)?

Horace Mann Educators Corp (HMN) had a return on assets of 1.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Horace Mann Educators Corp's Piotroski F-Score?

Horace Mann Educators Corp (HMN) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Horace Mann Educators Corp's earnings high quality?

Horace Mann Educators Corp (HMN) has an earnings quality ratio of 3.41x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Horace Mann Educators Corp?

Horace Mann Educators Corp (HMN) scores 28 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.