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NYSE · Financials

Horace Mann Educators Corp. (HMN)

As-reported financials and SEC filings for Horace Mann Educators Corp. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Horace Mann Educators Corp.

Horace Mann Educators Corporation is an insurance holding company that provides financial products and services primarily to K-12 educators and education-related communities. Its offerings include auto, homeowners, and life insurance, retirement plans, and supplemental health insurance, as well as group benefits such as disability and life coverage. The company serves educators through a combination of exclusive agents, broker partners, and digital platforms across 47 states.

Snapshot

Revenue
$1.70B
Revenue growth (YoY)
6.7%
Net income
$162.1M
Diluted EPS
$3.90
Gross margin
—
Operating margin
—
Net margin
9.5%
FCF margin
—
ROE
10.9%
net income / fiscal-year-end equity
P/E
10.8×
trailing when available, otherwise FY EPS
Market cap
$1.88B
Long-term debt / equity
0.40×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Horace Mann Educators

  • Revenue grew 6.7% to $1.7B in FY2025, in line with the 6.9% the year before.
  • Most recent quarter Q2 FY2026: revenue $444M, up 7.7% from Q2 FY2025.
  • Net income rose 57.7% to $162M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Horace Mann Educators’s fundamentals sit among the 88 insurance companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Net margin9.5%
40th percentile of 82
Revenue growth (YoY)+6.7%
43rd percentile of 88
ROE10.9%
38th percentile of 73
P/E10.8×
53rd percentile of 69
Long-term debt / equity0.40×
70th percentile of 48
Short interest2.40d
35th percentile of 87

No reported insider purchases (code P) in the last 90 days; 8 insider sales totaling $1.4M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 4 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+4 quant / multi-strat
Initiated / added
3
0 new, 3 added
Reduced / exited
5
2 trimmed, 3 exited
Combined position
$37.1M
reported long value
InvestorAs ofPosition valueSharesChange
Two Sigma InvestmentsquantQ2 2026$22.1M428.4KAdded
AQR Capital ManagementquantQ2 2026$11.0M212.6KAdded
Millennium ManagementquantQ2 2026$3.0M58.3KAdded
D. E. ShawquantQ2 2026$739,37014.3KReduced
Gotham Asset ManagementQ2 2026$260,4195.0KReduced

No longer held by: Citadel Advisors (as of Q2 2026), Point72 Asset Management (as of Q2 2026), Renaissance Technologies (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
8
$1.4M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-10-08
filed 2026-10-13
Marita ZuraitisPresident & CEOSell550$46.01$25K
2026-10-06
filed 2026-10-08
Marita ZuraitisPresident & CEOSell100$46.00$5K
2026-09-03
filed 2026-09-08
Perry G. HinesDirectorSell3.2K$52.22$169K
2026-09-03
filed 2026-09-08
Donald M. CarleyGeneral CounselSell2.1K$52.28$107K
2026-09-01
filed 2026-09-03
Marita ZuraitisPresident & CEOSell7.5K$50.99$382K
2026-08-12
filed 2026-08-14
Thomas A. BradleyDirectorSell5.0K$51.72$259K
2026-08-12
filed 2026-08-14
Henry Wade ReeceDirectorSell1.4K$51.52$70K
2026-08-03
filed 2026-08-05
Marita ZuraitisPresident & CEOSell7.5K$52.03$390K
2026-07-01
filed 2026-07-02
Marita ZuraitisPresident & CEOSell7.5K$52.62$395K
2026-06-02
filed 2026-06-04
Marita ZuraitisPresident & CEOSell7.5K$46.25$347K
2026-05-19
filed 2026-05-21
Marita ZuraitisPresident & CEOSell14$46.15$646
2026-05-06
filed 2026-05-07
Marita ZuraitisPresident & CEOSell2$46.15$92

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
1.0M
settled 2026-09-30
Change vs prior
-9.1%
vs previous settlement
Days to cover
2.40
at avg daily volume
Avg daily volume
423.5K
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-301.0M-9.1%2.40
2026-09-151.1M+9.4%3.91
2026-08-311.0M-2.5%4.76
2026-08-141.0M+11.1%4.02
2026-07-31943.6K-11.0%3.83
2026-07-151.1M-20.6%4.06
2026-06-301.3M+19.1%3.61
2026-06-151.1M+8.3%4.40

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$1.70B$1.60B$1.49B$1.38B$1.33B
Gross profit—————
Operating income—————
Net income$162.1M$102.8M$45.0M$19.8M$170.4M
Diluted EPS$3.90$2.48$1.09$0.47$4.04

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$27.5M$38.1M$29.7M$42.8M$133.7M
Current assets—————
Total assets$15.27B$14.49B$14.05B$13.31B$14.46B
Current liabilities—————
Long-term debt$593.4M$547.0M$546.0M$249.0M$253.6M
Total liabilities$13.78B$13.20B$12.87B$12.21B$12.58B
Total equity$1.48B$1.29B$1.18B$1.10B$1.50B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$553.2M$452.1M$302.1M$171.5M$204.9M
Capital expenditure—————
Free cash flow—————

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$443.5M7.7%$41.6M$1.01
Q1 FY2026$429.3M3.1%$41.2M$1.00
Q4 FY20256.3%
Q3 FY2025$438.5M6.4%$58.3M$1.40
Q2 FY2025$411.7M6.1%$29.4M$0.71
Q1 FY2025$416.4M7.9%$38.2M$0.92
Q4 FY20241.5%
Q3 FY2024$412.1M8.8%$34.3M$0.83

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNYSE
SectorFinancials
SIC industryFire, Marine & Casualty Insurance
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2011
SEC CIK850141

Selected SEC filings

10-Q2026-08-07
View on EDGAR →
10-Q2026-05-08
View on EDGAR →
8-K2026-10-01
View on EDGAR →
8-K2026-08-05
View on EDGAR →
8-K2026-07-21
View on EDGAR →
8-K2026-07-21
View on EDGAR →

Largest insurance peers

All insurance stocks →All Financials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.