HMN
Horace Mann Educators Corporation
NYSE: HMN · FINANCIAL SERVICES · INSURANCE - PROPERTY & CASUALTY
$45.88
-0.54% today
Updated 2026-04-29
Market cap
$1.85B
P/E ratio
11.76
P/S ratio
1.09x
EPS (TTM)
$3.90
Dividend yield
3.03%
52W range
$39 – $48
Volume
0.2M
Horace Mann Educators Corporation (HMN) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $885.84M | $887.00M | $834.82M | $937.43M | $974.71M | $998.30M | $1.01B | $1.03B | $1.06B | $1.08B | $1.13B | $1.17B | $1.19B | $1.40B | $1.29B | $1.25B | $1.34B | $1.43B | $1.55B | $1.70B |
| Revenue growth (YoY) | — | +0.1% | -5.9% | +12.3% | +4.0% | +2.4% | +1.3% | +2.0% | +2.9% | +1.9% | +4.5% | +3.8% | +1.7% | +17.9% | -8.2% | -3.0% | +7.3% | +6.8% | +8.2% | +9.7% |
| Cost of revenue | $462.73M | $484.15M | $603.33M | $598.08M | $621.56M | $740.74M | $-14000.00 | $-67000.00 | $15000.00 | $-48000.00 | $-10000.00 | $-50000.00 | $1000.00 | $907.10M | $873.40M | $841.30M | $1.01B | $1.08B | $1.07B | — |
| Gross profit | $423.11M | $402.86M | $231.49M | $339.35M | $353.15M | $257.56M | $1.01B | $1.03B | $1.06B | $1.08B | $1.13B | $1.17B | $1.19B | $497.70M | $416.10M | $409.00M | $332.50M | $356.80M | $478.40M | $1.70B |
| Gross margin | 47.8% | 45.4% | 27.7% | 36.2% | 36.2% | 25.8% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 35.4% | 32.3% | 32.7% | 24.8% | 24.9% | 30.9% | 100.0% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — | — | — |
| SG&A | — | — | $132.39M | $141.25M | $142.85M | $139.94M | $0.00 | $0.00 | $161.99M | $157.41M | $173.11M | $187.79M | $205.41M | $234.61M | — | — | — | — | — | — |
| Operating income | $140.29M | $117.07M | $178000.00 | $103.51M | $111.29M | $94.92M | $163.42M | $168.30M | $160.31M | $142.57M | $126.04M | $100.64M | $32.54M | $236.40M | $159.60M | $210.10M | $16.50M | $53.30M | $128.60M | $1.31B |
| Operating margin | 15.8% | 13.2% | 0.0% | 11.0% | 11.4% | 9.5% | 16.2% | 16.3% | 15.1% | 13.2% | 11.2% | 8.6% | 2.7% | 16.8% | 12.4% | 16.8% | 1.2% | 3.7% | 8.3% | 77.1% |
| EBITDA | $281.99M | $143.91M | $28.59M | $125.83M | $133.56M | $117.50M | $163.42M | $168.30M | $160.31M | $142.57M | $126.04M | $100.64M | $32.54M | $267.60M | $198.20M | $242.40M | $63.50M | $109.20M | $189.60M | — |
| EBITDA margin | 31.8% | 16.2% | 3.4% | 13.4% | 13.7% | 11.8% | 16.2% | 16.3% | 15.1% | 13.2% | 11.2% | 8.6% | 2.7% | 19.0% | 15.4% | 19.4% | 4.7% | 7.6% | 12.2% | 0.0% |
| EBIT | $275.91M | $131.13M | $14.63M | $117.48M | $125.24M | $108.92M | $163.42M | $168.30M | $160.31M | $142.57M | $126.04M | $100.64M | $32.54M | $252.00M | $174.80M | $224.00M | $35.90M | $83.00M | $163.20M | — |
| Interest expense | $135.62M | $14.06M | $14.46M | $13.97M | $13.95M | $14.01M | $14.20M | $14.20M | $14.20M | $13.10M | $11.80M | $11.90M | $13.00M | $15.60M | $15.20M | $13.90M | $19.40M | $29.70M | $34.60M | $36.40M |
| Income tax | $41.59M | $34.28M | $-10.74M | $30.02M | $30.43M | $24.41M | $45.30M | $43.20M | $41.90M | $36.00M | $30.40M | $-80.70M | $1.20M | $52.00M | $26.30M | $39.70M | $-3.30M | $8.30M | $25.80M | $39.10M |
| Effective tax rate | 29.6% | 29.3% | -6033.1% | 29.0% | 27.3% | 25.7% | 30.4% | 28.0% | 28.7% | 27.8% | 26.6% | -91.0% | 6.2% | 22.0% | 16.5% | 18.9% | -20.0% | 15.6% | 20.1% | 19.4% |
| Net income | $98.71M | $82.79M | $10.92M | $73.49M | $80.86M | $70.51M | $103.90M | $110.90M | $104.20M | $93.50M | $83.80M | $169.40M | $18.30M | $184.40M | $133.30M | $170.40M | $19.80M | $45.00M | $102.80M | $162.10M |
| Net income growth (YoY) | — | -16.1% | -86.8% | +573.1% | +10.0% | -12.8% | +47.4% | +6.7% | -6.0% | -10.3% | -10.4% | +102.1% | -89.2% | +907.7% | -27.7% | +27.8% | -88.4% | +127.3% | +128.4% | +57.7% |
| Profit margin | 11.1% | 9.3% | 1.3% | 7.8% | 8.3% | 7.1% | 10.3% | 10.8% | 9.8% | 8.7% | 7.4% | 14.5% | 1.5% | 13.1% | 10.3% | 13.6% | 1.5% | 3.1% | 6.6% | 9.5% |