Fundies.
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HORACE MANN EDUCATORS CORPORATION

EDGAR
HMN Quarterly report (10-Q) · filed 2026-08-07

Annual consolidated revenue for 2025: about USD 1.701B, using the latest reported figures. The previous period, 2024, was about USD 1.595B.

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Watchlist

Latest quarter

Revenue

444 million USD

2026 Q2 · USD

Exact inputs and evidence

Net margin

9.38%

2026 Q2 · %

Exact inputs and evidence
  • Net Income: 41600000 USD Source
  • Revenue: 443500000 USD Source

Operating cash flow

224 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 285000000 USD Source
  • Operating Cash Flow: 61300000 USD Source
Cash and cash equivalents
46.2 million USD Source
Exact value

46200000 USD

Long-term debt including current maturities
594 million USD Source
Exact value

594200000 USD

Shares outstanding
Not available

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

1.75 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Revenue: 438500000 USD · 2025-07-01 – 2025-09-30 Source
  • Revenue: 1701400000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 1266600000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 429300000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 443500000 USD · 2026-04-01 – 2026-06-30 Source

Net income

177 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Net income: 58300000 USD · 2025-07-01 – 2025-09-30 Source
  • Net income: 162100000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: 125900000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: 41200000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: 41600000 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

566 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: 423300000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 272100000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: 553200000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 423300000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 61300000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 285000000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 61300000 USD · 2026-01-01 – 2026-03-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-07.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-12-31
  • operating income: No compatible figures in this window
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • capital expenditure: No compatible figures in this window
  • Total assets: 11 of 11 periods available· newest 2025-12-31
  • Total liabilities: 11 of 11 periods available· newest 2025-12-31
  • current assets: No compatible figures in this window
  • current liabilities: No compatible figures in this window
  • Cash and cash equivalents: 2 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 11 of 11 periods available· newest 2025-12-31
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +6.7%

    Prior period

    USD 1.6 billion

    –

    Current period

    USD 1.7 billion

    –

    Exact inputs and evidence

    1701400000 − 1595200000 = 106200000 USD

    1595200000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    1701400000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    +57.7%

    Prior period

    USD 102.8 million

    –

    Current period

    USD 162.1 million

    –

    Exact inputs and evidence

    162100000 − 102800000 = 59300000 USD

    102800000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    162100000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Operating cash flow

    +22.4%

    Prior period

    USD 452.1 million

    –

    Current period

    USD 553.2 million

    –

    Exact inputs and evidence

    553200000 − 452100000 = 101100000 USD

    452100000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    553200000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 1.7 billion 100% of revenue
  • Operating costs Derived Unavailable An input is unavailable.
  • Operating income Unavailable An input is unavailable.
  • Tax, interest and other Derived Unavailable An input is unavailable.
  • Net income USD 162.1 million 9.5% of revenue

Cash

  • Operating cash flow USD 553.2 million 33% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 Not shown: operating income or net income is not reported.
  • 2017 Not shown: operating income or net income is not reported.
  • 2018 Not shown: operating income or net income is not reported.
  • 2019 Not shown: operating income or net income is not reported.
  • 2020 Not shown: operating income or net income is not reported.
  • 2021 Not shown: operating income or net income is not reported.
  • 2022 Not shown: operating income or net income is not reported.
  • 2023 Not shown: operating income or net income is not reported.
  • 2024 Not shown: operating income or net income is not reported.
  • 2025 Not shown: operating income or net income is not reported.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-311128910000 UnavailableUnavailableUnavailable83765000 Unavailable
Source
2017 2017-01-01 – 2017-12-311171550000 UnavailableUnavailableUnavailable169459000 Unavailable
Source
2018 2018-01-01 – 2018-12-311191599000 UnavailableUnavailableUnavailable18343000 Unavailable
Source
2019 2019-01-01 – 2019-12-311430500000 UnavailableUnavailableUnavailable184400000 Unavailable
Source
2020 2020-01-01 – 2020-12-311310400000 UnavailableUnavailableUnavailable133300000 Unavailable
Source
2021 2021-01-01 – 2021-12-311329300000 UnavailableUnavailableUnavailable170400000 Unavailable
Source
2022 2022-01-01 – 2022-12-311381600000 UnavailableUnavailableUnavailable19800000 Unavailable
Source
2023 2023-01-01 – 2023-12-311491900000 UnavailableUnavailableUnavailable45000000 Unavailable
Source
2024 2024-01-01 – 2024-12-311595200000 UnavailableUnavailableUnavailable102800000 Unavailable
Source
2025 2025-01-01 – 2025-12-311701400000 UnavailableUnavailableUnavailable162100000 Unavailable
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 1.7B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.8B1.4B918.8M459.4M0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue1128910000
2017Revenue1171550000
2018Revenue1191599000
2019Revenue1430500000
2020Revenue1310400000
2021Revenue1329300000
2022Revenue1381600000
2023Revenue1491900000
2024Revenue1595200000
2025Revenue1701400000

Revenue growth

Change in revenue from the same financial period one year earlier.

6.7% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.22.3%14.1%5.8%-2.4%-10.7%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year4.5%
2017Year over year3.8%
2018Year over year1.7%
2019Year over year20%
2020Year over year-8.4%
2021Year over year1.4%
2022Year over year3.9%
2023Year over year8%
2024Year over year6.9%
2025Year over year6.7%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Net margin 9.5% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.15.6%11.7%7.8%3.9%0.0%2016-12-312021-12-312025-12-31
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016-12-31Operating marginNot reported
2017-12-31Operating marginNot reported
2018-12-31Operating marginNot reported
2019-12-31Operating marginNot reported
2020-12-31Operating marginNot reported
2021-12-31Operating marginNot reported
2022-12-31Operating marginNot reported
2023-12-31Operating marginNot reported
2024-12-31Operating marginNot reported
2025-12-31Operating marginNot reported
2016Net margin7.4%
2017Net margin14.5%
2018Net margin1.5%
2019Net margin12.9%
2020Net margin10.2%
2021Net margin12.8%
2022Net margin1.4%
2023Net margin3%
2024Net margin6.4%
2025Net margin9.5%
2016Free cash flow marginNot reported
2017Free cash flow marginNot reported
2018Free cash flow marginNot reported
2019Free cash flow marginNot reported
2020Free cash flow marginNot reported
2021Free cash flow marginNot reported
2022Free cash flow marginNot reported
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

USD 553.2M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.597.5M448.1M298.7M149.4M0.0201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow211433000
2017Operating cash flow256586000
2018Operating cash flow200888000
2019Operating cash flow127600000
2020Operating cash flow259800000
2021Operating cash flow204900000
2022Operating cash flow171500000
2023Operating cash flow302100000
2024Operating cash flow452100000
2025Operating cash flow553200000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Not enough comparable data to show this history.
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flowUnavailable
2017Free cash flowUnavailable
2018Free cash flowUnavailable
2019Free cash flowUnavailable
2020Free cash flowUnavailable
2021Free cash flowUnavailable
2022Free cash flowUnavailable
2023Free cash flowUnavailable
2024Free cash flowUnavailable
2025Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

90.3% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.99%74%50%25%0%201620212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets87.8%
2017Liabilities / assets86.6%
2018Liabilities / assets88.3%
2019Liabilities / assets87.4%
2020Liabilities / assets86.7%
2021Liabilities / assets87%
2022Liabilities / assets91.7%
2023Liabilities / assets91.6%
2024Liabilities / assets91.1%
2025Liabilities / assets90.3%

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016-12-31Current assets / current liabilitiesNot reportedNo source recorded
2017-12-31Current assets / current liabilitiesNot reportedNo source recorded
2018-12-31Current assets / current liabilitiesNot reportedNo source recorded
2019-12-31Current assets / current liabilitiesNot reportedNo source recorded
2020-12-31Current assets / current liabilitiesNot reportedNo source recorded
2021-12-31Current assets / current liabilitiesNot reportedNo source recorded
2022-12-31Current assets / current liabilitiesNot reportedNo source recorded
2023-12-31Current assets / current liabilitiesNot reportedNo source recorded
2024-12-31Current assets / current liabilitiesNot reportedNo source recorded
2025-12-31Current assets / current liabilitiesNot reportedNo source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
USD 83.77 million
Exact value

Exact value: 83765000 USD

2016-01-01 – 2016-12-31: 83765000 USD Inspect Net Income Open source
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USD 211.43 million
Exact value

Exact value: 211433000 USD

2016-01-01 – 2016-12-31: 211433000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2017 2017-01-01 – 2017-12-31
USD 169.46 million
Exact value

Exact value: 169459000 USD

2017-01-01 – 2017-12-31: 169459000 USD Inspect Net Income Open source
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USD 256.59 million
Exact value

Exact value: 256586000 USD

2017-01-01 – 2017-12-31: 256586000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2018 2018-01-01 – 2018-12-31
USD 18.34 million
Exact value

Exact value: 18343000 USD

2018-01-01 – 2018-12-31: 18343000 USD Inspect Net Income Open source
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USD 200.89 million
Exact value

Exact value: 200888000 USD

2018-01-01 – 2018-12-31: 200888000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2019 2019-01-01 – 2019-12-31
USD 184.4 million
Exact value

Exact value: 184400000 USD

2019-01-01 – 2019-12-31: 184400000 USD Inspect Net Income Open source
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USD 127.6 million
Exact value

Exact value: 127600000 USD

2019-01-01 – 2019-12-31: 127600000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2020 2020-01-01 – 2020-12-31
USD 133.3 million
Exact value

Exact value: 133300000 USD

2020-01-01 – 2020-12-31: 133300000 USD Inspect Net Income Open source
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USD 259.8 million
Exact value

Exact value: 259800000 USD

2020-01-01 – 2020-12-31: 259800000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2021 2021-01-01 – 2021-12-31
USD 170.4 million
Exact value

Exact value: 170400000 USD

2021-01-01 – 2021-12-31: 170400000 USD Inspect Net Income Open source
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USD 204.9 million
Exact value

Exact value: 204900000 USD

2021-01-01 – 2021-12-31: 204900000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2022 2022-01-01 – 2022-12-31
USD 19.8 million
Exact value

Exact value: 19800000 USD

2022-01-01 – 2022-12-31: 19800000 USD Inspect Net Income Open source
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USD 171.5 million
Exact value

Exact value: 171500000 USD

2022-01-01 – 2022-12-31: 171500000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2023 2023-01-01 – 2023-12-31
USD 45 million
Exact value

Exact value: 45000000 USD

2023-01-01 – 2023-12-31: 45000000 USD Inspect Net Income Open source
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USD 302.1 million
Exact value

Exact value: 302100000 USD

2023-01-01 – 2023-12-31: 302100000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2024-01-01 – 2024-12-31
USD 102.8 million
Exact value

Exact value: 102800000 USD

2024-01-01 – 2024-12-31: 102800000 USD Inspect Net Income Open source
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USD 452.1 million
Exact value

Exact value: 452100000 USD

2024-01-01 – 2024-12-31: 452100000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2025-01-01 – 2025-12-31
USD 162.1 million
Exact value

Exact value: 162100000 USD

2025-01-01 – 2025-12-31: 162100000 USD Inspect Net Income Open source
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USD 553.2 million
Exact value

Exact value: 553200000 USD

2025-01-01 – 2025-12-31: 553200000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

186 filings · 3,487 latest values · 3,487 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0000850141, 850141, HMN, edgar:850141

Also known as HORACE MANN EDUCATORS CORP /DE/, HORACE MANN EDUCATORS CORPORATION