Horace mann educators corporation (HMN)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities
Net income

170,749

184,443

94,070

23,127

-128,947

18,343

169,020

168,847

176,327

169,459

751,712

736,179

705,699

710,646

742,888

738,062

732,682

723,705

718,341

708,696

708,265

707,275

699,518

704,415

691,662

688,355

681,851

671,962

666,329

662,729

659,629

658,849

665,114

661,094

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities
Net investment (gains) losses

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of premiums and accretion of discounts on fixed maturity securities, net

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and intangible asset amortization

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation expense

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in:
Accrued investment income

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance liabilities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Premium receivables

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred policy acquisitions

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reinsurance recoverables

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax liabilities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other operating assets and liabilities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

3,192

-6,217

-16,270

-8,996

-9,336

-5,868

-1,157

-15,419

-20,323

-6,823

13,438

21,510

19,047

16,297

5,433

5,020

11,301

5,430

12,501

16,311

18,360

17,437

30,636

23,636

23,251

19,238

16,650

19,578

18,921

18,124

10,802

11,246

7,575

11,581

0

0

0

Policyholder benefits paid

-

-

-

-

-

-

0

0

531,768

-

499,074

517,061

521,899

511,017

557,078

544,965

538,896

534,359

517,760

501,866

484,586

486,295

482,747

483,092

477,391

476,103

482,774

481,709

486,351

484,144

487,287

513,032

546,349

549,888

0

0

0

Policy acquisition and other operating expenses paid

-

-

-

-

-

-

0

0

281,180

-

277,499

280,377

280,815

277,076

279,470

268,163

265,318

267,854

256,282

265,640

260,235

262,765

261,789

250,675

248,643

251,293

245,114

247,033

244,896

230,072

236,699

234,902

242,125

241,138

0

0

0

Federal income taxes recovered

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes paid

-

-

-

-

-

-

0

0

15,580

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

33,672

24,517

23,346

19,154

14,444

0

0

0

-

-

-

-

Investment income collected

-

-

-

-

-

-

0

0

-364,869

-

-357,122

-354,783

-354,032

-344,778

-343,365

-337,837

-330,134

-330,034

-330,175

-330,957

-329,279

-324,252

-324,115

-320,245

-317,688

-311,712

-310,668

-306,648

-304,368

-303,385

-298,044

-294,306

-288,886

-280,963

0

0

0

Interest expense paid

-

-

-

-

-

-

0

0

11,748

-

11,503

11,503

11,760

11,754

12,277

12,673

13,413

13,521

14,078

13,734

13,792

13,902

13,806

13,858

13,863

13,825

13,875

13,879

13,885

13,948

13,850

13,772

13,699

13,515

0

0

0

Net cash provided by operating activities

90,201

127,573

190,650

147,415

253,565

200,888

236,857

253,442

255,914

256,586

283,800

250,116

203,874

211,433

213,073

225,174

220,769

207,714

215,765

212,127

236,150

221,933

220,657

228,725

224,604

205,936

203,538

193,439

186,550

202,848

190,063

159,964

123,918

115,879

0

0

0

Cash flows - investing activities
Fixed maturity securities
Purchases

1,286,574

1,058,747

1,230,854

1,521,009

1,427,890

1,428,889

1,571,478

1,397,850

1,559,041

1,569,220

1,509,911

1,455,287

1,566,798

1,566,047

1,476,298

1,616,604

1,523,961

1,490,376

1,462,664

1,359,356

1,271,989

1,309,267

1,264,312

1,193,538

1,153,944

1,212,937

1,336,967

1,418,148

1,478,267

1,448,219

1,357,535

1,374,876

1,317,300

1,356,092

0

0

0

Sales

844,321

805,887

916,339

937,243

595,357

625,527

545,475

461,093

479,782

500,760

393,043

401,908

458,033

429,251

469,198

455,612

445,870

445,100

391,146

408,968

290,076

261,696

225,907

183,308

251,803

298,045

376,353

511,165

517,598

576,708

601,182

656,154

614,935

587,909

0

0

0

Maturities, paydowns, calls and redemptions

901,324

799,526

806,056

697,443

721,954

737,535

813,921

819,016

889,319

927,665

856,136

815,860

748,488

799,653

815,467

871,103

757,721

683,335

683,896

561,468

551,316

451,074

412,728

427,528

452,551

504,921

494,356

539,539

559,546

585,615

529,903

455,658

416,807

362,210

0

0

0

Equity securities
Purchases

16,128

15,583

15,362

12,684

14,791

13,430

13,671

14,150

19,018

32,312

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales and repayments

19,470

33,502

37,994

36,837

38,939

25,498

39,883

40,687

49,659

53,100

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Limited partnership interests
Purchases

134,667

129,389

51,489

89,871

89,371

93,545

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales

84,060

91,587

41,351

22,569

22,859

16,997

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of other invested assets

-

-

-

-

-

-

-

-

-

-

-

-

97,505

-

61,559

56,018

35,806

38,018

30,078

31,850

28,513

16,041

0

0

0

-

-

-

-

50,000

0

0

0

-

-

-

-

Change in short-term and other investments, net

-53,648

49,325

151,194

103,229

127,843

56,192

-43,974

93,874

-49,025

25,691

-109,767

-59,014

-117,464

-108,467

152,407

46,996

29,241

19,911

-74,501

57,951

115,828

-47,023

86,091

-5,600

74,804

153,355

-25,610

92,073

-9,097

18,902

64,635

17,104

-4,835

-102,966

0

0

0

Acquisition of business, net of cash acquired

403,318

421,516

421,174

18,198

18,198

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

62,136

55,942

-68,333

-50,899

-298,984

-186,499

-225,036

-253,033

-178,083

-228,664

-283,096

-285,959

-363,427

-325,360

-401,578

-388,882

-381,396

-415,849

-343,199

-478,721

-574,938

-565,515

-726,768

-602,102

-559,394

-598,326

-465,648

-469,517

-417,026

-354,798

-341,085

-330,168

-305,723

-303,007

0

0

0

Cash flows - financing activities
Dividends paid to shareholders

47,926

47,333

47,150

46,999

46,841

46,689

46,550

46,393

46,234

46,114

45,649

45,177

44,714

44,310

43,789

43,326

42,961

42,523

41,791

40,994

40,129

39,237

37,660

36,004

34,282

32,550

30,851

28,012

25,221

22,541

21,357

20,585

19,808

18,990

0

0

0

Acquisition of treasury stock

2,145

0

5,002

5,002

5,082

5,088

86

1,746

1,666

1,660

1,660

0

7,047

21,513

27,688

42,747

35,700

21,950

15,775

2,260

2,260

5,411

5,411

3,872

5,913

3,889

5,984

7,664

14,241

15,735

0

0

0

-

-

-

-

Proceeds from exercise of stock options

1,627

1,730

1,541

1,889

3,074

3,627

3,566

3,520

4,603

4,190

4,783

4,533

2,325

3,329

2,472

1,998

2,472

1,629

2,446

2,547

5,390

8,252

13,931

17,204

18,672

19,336

14,304

12,499

8,124

5,421

3,846

2,316

2,095

2,127

0

0

0

Withholding tax payments on RSUs tendered

1,649

3,680

4,535

4,376

4,415

3,165

2,690

2,796

2,774

3,245

3,439

3,386

3,316

4,015

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Annuity contracts: variable, fixed and FHLB funding agreements
Deposits

672,888

637,538

682,730

556,333

547,565

489,097

430,249

418,087

434,672

453,146

477,167

517,079

524,958

520,211

592,770

577,389

593,623

623,021

541,106

795,198

772,289

730,632

967,998

702,826

683,181

673,057

431,510

417,716

415,781

417,600

417,894

433,572

433,397

433,896

0

0

0

Benefits, withdrawals and net transfers to Separate Account (variable annuity) assets

411,443

419,001

453,183

468,552

469,977

473,003

449,470

428,910

423,576

411,061

404,490

388,185

364,261

349,915

337,148

338,753

348,697

354,735

347,434

345,251

339,077

326,374

312,919

302,994

295,127

278,350

261,836

241,795

228,229

220,803

219,253

219,766

216,900

219,415

0

0

0

Life policy accounts
Deposits

9,239

9,391

9,674

9,624

9,752

8,149

7,144

5,806

4,811

4,883

4,418

4,578

4,712

4,018

3,670

2,700

1,822

1,455

971

1,052

1,109

1,093

1,364

1,311

1,431

1,636

1,691

1,897

1,778

1,881

1,851

1,946

2,136

2,078

0

0

0

Withdrawals and surrenders

3,848

3,558

3,826

4,118

4,485

4,910

4,884

4,696

4,721

4,458

4,154

4,257

4,105

3,965

4,086

3,985

3,867

3,985

4,271

4,468

4,944

4,883

5,025

4,734

4,626

4,734

4,535

4,941

4,815

5,161

5,274

5,413

5,667

5,343

0

0

0

Change in deposit asset on reinsurance

163,711

150,434

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash received (paid) related to repurchase agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-25,848

-121,285

5,951

-38,601

25,848

0

0

0

-

-

-

-

-

-

-

-

Change in book overdrafts

-1,398

-24,561

1,092

-1,264

-842

21,872

639

-1,040

2,310

-4,748

3,294

-5,870

7,140

11,248

3,352

12,110

-2,285

3,083

905

2,011

4,658

-1,156

537

511

-4,926

-4,956

379

-1,216

3,979

-983

-9,835

-14,690

-9,816

-3,654

0

0

0

Net cash provided by financing activities

-118,371

-169,913

-89,399

-97,147

28,749

-10,110

-12,082

-8,168

-60,473

-36,965

-47,628

1,417

115,692

115,088

192,206

168,127

167,150

211,969

136,157

267,904

347,804

337,068

501,530

380,199

319,809

395,398

265,963

282,464

244,989

159,679

152,185

163,378

180,053

188,652

0

0

0

Net increase (decrease) in cash

33,966

13,602

32,918

-631

-16,670

4,279

-261

-7,759

17,358

-9,043

-46,924

-34,426

-43,861

1,161

3,701

4,419

6,523

3,834

8,723

1,310

9,016

-6,514

-4,581

6,822

-14,981

3,008

3,853

6,386

14,513

7,729

1,163

-6,826

-1,752

1,524

0

0

0