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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments142280143127128
Cash and cash equivalents421332225128
Short-term investments100147122102  
Debt securities, available-for-sale, amortized cost, excluding accrued interest, after allowance for credit loss  
Total current assets:142280143127128
Noncurrent Assets
Operating lease, right-of-use asset 1291316
Property, plant and equipment 696665604139
Long-term investments and receivables984713449384329 
Long-term investments984713449384329 
Intangible assets, net (including goodwill)2401892022264747
Goodwill544443494747
Intangible assets, net (excluding goodwill)185145158177  
Other noncurrent assets      
Total noncurrent assets:1,30497772868741786
Other undisclosed assets12,00113,12712,60011,66510,60311,104
TOTAL ASSETS:13,44714,38413,47212,47911,03211,198
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt249254135135  
Total current liabilities:249254135135  
Noncurrent Liabilities
Other undisclosed liabilities12,11012,32311,54710,7769,7419,697
Total liabilities:12,35912,57711,68210,9119,7419,697
Equity
Equity, attributable to parent1,0881,8071,7901,5671,2911,502
Common stock000000
Treasury stock, value(517)(493)(488)(486)(486)(481)
Additional paid in capital503495488481475464
Accumulated other comprehensive income (loss)(366)28135522085287
Retained earnings1,4691,5251,4351,3531,2171,231
Other undisclosed equity, attributable to parent      
Total equity:1,0881,8071,7901,5671,2911,502
TOTAL LIABILITIES AND EQUITY:13,44714,38413,47212,47911,03211,198

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,3831,3301,3101,4301,1921,172
Premiums earned, net 1,029890931898817
Net investment income401423358365377374
Financial services revenue795
Cost of revenue(1,038)(877)(873)(907)(954)(883)
Policyholder benefits and claims incurred, net(762)(618)(569)(585)(638)
Policyholder account balance, interest expense(178)(164)(205)(213)(206)(199)
Financial services costs(582)
Gross profit:345453437523238288
Operating expenses(22)(13)(24)(235)(205)(188)
Operating income:32344041328933101
Interest and debt expense(19)(14)(15)(16)(13)(12)
Income from continuing operations before equity method investments, income taxes:3044263972732089
Other undisclosed loss from continuing operations before income taxes(316)(252)(238)(37)  
Income (loss) from continuing operations before income taxes:(12)1751602362089
Income tax expense (benefit)9(32)(26)(52)(1)81
Income (loss) from continuing operations:(3)14313318418169
Income before gain (loss) on sale of properties:14313318418169
Net income (loss) available to common stockholders, diluted:(3)14313318418169

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(3)14313318418169
Other comprehensive income (loss)    135(202)75
Comprehensive income (loss):(3)143133319(184)245
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(646)(75)135   
Comprehensive income (loss), net of tax, attributable to parent:(649)68269319(184)245

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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