HORACE MANN EDUCATORS CORPORATION HMN Income Statement

Horace mann educators corporation (HMN)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Revenues
Premiums and contract charges earned, Net Amount
897,954	817,333	794,703	759,146	731,880	715,760	690,938	670,527	667,120	672,678	659,590
Net investment income
365,064	376,507	373,630	361,186	332,600	329,815	313,610	306,003	288,311	272,054	246,834
Realized Investment Gains (Losses)
153,340	-12,543	-3,406	4,123	12,713	10,917	22,245	27,298	37,663	23,769	26,310
Other income
14,127	10,302	6,623	4,455	3,255	4,193	4,474	6,986	5,208	6,213	4,693
Total revenues
1,430,485	1,191,599	1,171,550	1,128,910	1,080,448	1,060,685	1,031,267	1,010,814	998,302	974,714	937,427
Benefits, losses and expenses
Policyholder Benefits and Claims Incurred, Net
585,068	637,560	582,306	541,004	496,364	468,426	448,317	448,250	502,434	474,833	458,660
Interest credited
212,786	206,199	198,635	192,022	182,842	176,139	169,893	163,565	154,910	146,723	139,421
Operating expenses
234,609	205,413	187,789	173,112	157,411	161,992	160,112	156,058	148,635	151,690	141,246
DAC unlocking and amortization expense
109,181	109,889	102,185	96,732	98,919	93,817	84,643	79,519	83,398	77,347	80,399
Intangible asset amortization expense
8,790	0	0	-	-	-	-	-	-	-	223
Interest expense
15,577	13,001	11,948	11,808	13,122	14,198	14,236	14,249	14,007	13,953	13,971
Other expense - goodwill impairment
28,025	0	0	-	-	-	-	-	-	-	-
Debt retirement costs
-	-	-	-	-2,338	0	0	-	-	-	-
Total benefits, losses and expenses
1,194,036	1,172,062	1,082,863	1,014,678	950,996	914,572	877,201	861,641	903,384	864,546	833,920
Income before income taxes
236,449	19,537	88,687	114,232	129,452	146,113	154,066	149,173	94,918	110,168	103,507
Income tax expense
52,006	1,194	-80,772	30,467	35,970	41,870	43,173	45,307	24,412	30,037	30,021
Net Income (Loss) Attributable to Parent
184,443	18,343	169,459	83,765	93,482	104,243	110,893	103,866	70,506	80,131	73,486
Net income per share
Basic (in usd per share)
4.42	0.44	4.10	2.04	2.23	2.50	2.75	2.63	1.77	2.04	1.88
Diluted (in usd per share)
4.40	0.44	4.08	2.02	2.20	2.47	2.66	2.51	1.70	1.95	1.81
Weighted average number of shares and equivalent shares
Basic (in shares)
41,738	41,570	41,365	41,158	41,914	41,646,281	40,376	39,513	39,865	39,349	39,175
Diluted (in shares)
41,949	41,894	41,565	41,476	42,424	42,230,559	41,633	41,388	41,436	41,013	40,532
Net investment gains (losses)
Total other-than-temporary impairment losses on securities
1,380	1,530	12,620	11,401	23,796	6,385	1,532	0	72	7,255	22,724
Net other-than-temporary impairment losses on securities recognized in earnings
1,380	1,530	12,620	11,111	19,496	6,385	1,532	0	72	6,796	21,294
Portion of losses recognized in other comprehensive income (loss)
0	0	0	290	4,300	0	0	0	0	-459	-1,430
Sales and other, net
151,495	3,491	7,756	16,286	32,209	17,302	23,777	27,298	37,735	30,565	47,604
Change in fair value - equity securities (1)
7,308	-18,323	0	0	-	-	-	-	-	-	-
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments
-4,083	3,819	1,458	-1,052	-	-	-	-	-	-	-
Realized Investment Gains (Losses)
153,340	-12,543	-3,406	4,123	12,713	10,917	22,245	27,298	37,663	23,769	26,310