Horace Mann Educators Corporation (HMN) Financial Statements (2024 and earlier)

Company Profile

Business Address 1 HORACE MANN PLZ
SPRINGFIELD, IL 62715-0001
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11514228014312712
Cash and cash equivalents2942133222512
Short-term investments86100147122102 
Debt securities, available-for-sale, amortized cost, excluding accrued interest, after allowance for credit loss5,653  
Total current assets:5,76814228014312712
Noncurrent Assets
Operating lease, right-of-use asset  1291316
Property, plant and equipment 696966656041
Long-term investments and receivables1,139984713449384329
Long-term investments1,139984713449384329
Intangible assets, net (including goodwill)22524018920222647
Goodwill545444434947
Intangible assets, net (excluding goodwill)170185145158177 
Other noncurrent assets358     
Total noncurrent assets:1,7901,304977728687417
Other undisclosed assets6,49212,00113,12712,60011,66510,603
TOTAL ASSETS:14,05013,44714,38413,47212,47911,032
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 249254135135 
Total current liabilities: 249254135135 
Noncurrent Liabilities
Other undisclosed liabilities12,87512,11012,32311,54710,7769,741
Total liabilities:12,87512,35912,57711,68210,9119,741
Equity
Equity, attributable to parent, including:1,1751,0881,8071,7901,5671,291
Common stock000000
Treasury stock, value(524)(517)(493)(488)(486)(486)
Additional paid in capital511503495488481475
Accumulated other comprehensive income (loss)(336)(366)28135522085
Retained earnings1,5021,4691,5251,4351,3531,217
Other undisclosed equity, attributable to parent22     
Total equity:1,1751,0881,8071,7901,5671,291
TOTAL LIABILITIES AND EQUITY:14,05013,44714,38413,47212,47911,032

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,4921,3831,3301,3101,4301,192
Premiums earned, net 1,0571,029890931898817
Net investment income445401423358365377
Cost of revenue(1,076)(1,038)(877)(873)(907)(954)
Policyholder benefits and claims incurred, net(769)(762)(618)(569)(585)(638)
Policyholder account balance, interest expense(206)(178)(164)(205)(213)(206)
Gross profit:416345453437523238
Operating expenses(15)(22)(13)(24)(235)(205)
Operating income:40132344041328933
Interest and debt expense(30)(19)(14)(15)(16)(13)
Income from continuing operations before equity method investments, income taxes:37130442639727320
Other undisclosed loss from continuing operations before income taxes(318)(316)(252)(238)(37) 
Income (loss) from continuing operations before income taxes:53(12)17516023620
Income tax expense (benefit)(8)9(32)(26)(52)(1)
Income (loss) from continuing operations:45(3)14313318418
Income before gain (loss) on sale of properties:14313318418
Net income (loss) available to common stockholders, diluted:45(3)14313318418

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):45(3)14313318418
Other comprehensive income (loss)     135(202)
Comprehensive income (loss):45(3)143133319(184)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent85(646)(75)135  
Comprehensive income (loss), net of tax, attributable to parent:130(649)68269319(184)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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