Horace Mann Educators (HMN) quarterly income statement covering the six quarters from March 2025 to June 2026, as reported to the SEC.
An income statement shows what a company sold and what it cost to run the business, ending with the profit left over.
| Jun'26 | Mar'26 | Dec'25 | Sep'25 | Jun'25 | Mar'25 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues | |||||||||||||||||||||
Net premiums and contract charges earned | |||||||||||||||||||||
316,900 | 313,000 | 317,200 | 310,300 | 302,600 | 298,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net premiums and contract charges earned | 316,900 | 313,000 | 317,200 | 310,300 | 302,600 | 298,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net premiums and contract charges earned | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net premiums and contract charges earned | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net investment income | |||||||||||||||||||||
120,500 | 110,700 | 118,000 | 119,600 | 110,800 | 115,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net investment income | 120,500 | 110,700 | 118,000 | 119,600 | 110,800 | 115,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net investment losses | |||||||||||||||||||||
-100 | -2,200 | -7,100 | 3,300 | -5,900 | -3,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net investment losses | -100 | -2,200 | -7,100 | 3,300 | -5,900 | -3,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other income | |||||||||||||||||||||
6,200 | 7,800 | 6,700 | 5,300 | 4,200 | 5,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other income | 6,200 | 7,800 | 6,700 | 5,300 | 4,200 | 5,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total revenues | |||||||||||||||||||||
443,500 | 429,300 | 434,800 | 438,500 | 411,700 | 416,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total revenues | 443,500 | 429,300 | 434,800 | 438,500 | 411,700 | 416,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Benefits, losses and expenses | |||||||||||||||||||||
Benefits, claims and settlement expenses (Reserve remeasurement (gains)/losses, $500000; $(2.4); $0.6; $(0.3)) | |||||||||||||||||||||
186,300 | 176,400 | 173,800 | 171,000 | 183,500 | 183,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Benefits, claims and settlement expenses (Reserve remeasurement (gains)/losses, $500000; $(2.4); $0.6; $(0.3)) | 186,300 | 176,400 | 173,800 | 171,000 | 183,500 | 183,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Interest credited | |||||||||||||||||||||
54,600 | 53,800 | 55,700 | 55,700 | 52,700 | 52,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Interest credited | 54,600 | 53,800 | 55,700 | 55,700 | 52,700 | 52,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Operating expenses | |||||||||||||||||||||
108,500 | 103,500 | 112,600 | 96,300 | 96,900 | 90,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Operating expenses | 108,500 | 103,500 | 112,600 | 96,300 | 96,900 | 90,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
DAC amortization expense | |||||||||||||||||||||
32,000 | 32,300 | 33,500 | 31,500 | 29,900 | 29,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
DAC amortization expense | 32,000 | 32,300 | 33,500 | 31,500 | 29,900 | 29,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Intangible asset amortization expense | |||||||||||||||||||||
3,500 | 3,600 | 3,500 | 3,600 | 3,600 | 3,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Intangible asset amortization expense | 3,500 | 3,600 | 3,500 | 3,600 | 3,600 | 3,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Interest expense | |||||||||||||||||||||
9,600 | 9,500 | 10,000 | 8,900 | 8,600 | 8,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Interest expense | 9,600 | 9,500 | 10,000 | 8,900 | 8,600 | 8,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other expense - goodwill impairment | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other expense - goodwill impairment | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total benefits, losses and expenses | |||||||||||||||||||||
394,500 | 379,100 | 389,100 | 367,000 | 375,200 | 368,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total benefits, losses and expenses | 394,500 | 379,100 | 389,100 | 367,000 | 375,200 | 368,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Income before income taxes | |||||||||||||||||||||
49,000 | 50,200 | 45,700 | 71,500 | 36,500 | 47,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Income before income taxes | 49,000 | 50,200 | 45,700 | 71,500 | 36,500 | 47,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Income tax expense | |||||||||||||||||||||
7,400 | 9,000 | 9,500 | 13,200 | 7,100 | 9,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Income tax expense | 7,400 | 9,000 | 9,500 | 13,200 | 7,100 | 9,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net income | |||||||||||||||||||||
41,600 | 41,200 | 36,200 | 58,300 | 29,400 | 38,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net income | 41,600 | 41,200 | 36,200 | 58,300 | 29,400 | 38,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net income per share | |||||||||||||||||||||
Basic (in usd per share) | |||||||||||||||||||||
1.02 | 1.01 | 0.87 | 1.42 | 0.71 | 0.93 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Basic (in usd per share) | 1.02 | 1.01 | 0.87 | 1.42 | 0.71 | 0.93 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Diluted (in usd per share) | |||||||||||||||||||||
1.01 | 1.00 | 0.87 | 1.40 | 0.71 | 0.92 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Diluted (in usd per share) | 1.01 | 1.00 | 0.87 | 1.40 | 0.71 | 0.92 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Weighted average number of shares and equivalent shares | |||||||||||||||||||||
Basic (in shares) | |||||||||||||||||||||
40,900 | 40,900 | 41,000 | 41,200 | 41,300 | 41,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Basic (in shares) | 40,900 | 40,900 | 41,000 | 41,200 | 41,300 | 41,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Diluted (in shares) | |||||||||||||||||||||
41,200 | 41,200 | 41,600 | 41,600 | 41,600 | 41,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Diluted (in shares) | 41,200 | 41,200 | 41,600 | 41,600 | 41,600 | 41,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Statements of Comprehensive Income (Loss) | |||||||||||||||||||||
Net income | |||||||||||||||||||||
41,600 | 41,200 | 36,200 | 58,300 | 29,400 | 38,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net income | 41,600 | 41,200 | 36,200 | 58,300 | 29,400 | 38,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other comprehensive income (loss), net of tax: | |||||||||||||||||||||
Change in net unrealized investment losses on fixed maturity securities | |||||||||||||||||||||
6,900 | -43,300 | 5,300 | 59,100 | 4,600 | 42,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Change in net unrealized investment losses on fixed maturity securities | 6,900 | -43,300 | 5,300 | 59,100 | 4,600 | 42,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Change in net reserve remeasurements attributable to discount rates | |||||||||||||||||||||
-6,100 | 22,700 | 14,000 | -20,400 | 700 | -11,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Change in net reserve remeasurements attributable to discount rates | -6,100 | 22,700 | 14,000 | -20,400 | 700 | -11,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Change in net funded status of benefit plans | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Change in net funded status of benefit plans | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other comprehensive income | |||||||||||||||||||||
800 | -20,600 | 23,800 | 38,700 | 5,300 | 31,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other comprehensive income | 800 | -20,600 | 23,800 | 38,700 | 5,300 | 31,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Comprehensive income | |||||||||||||||||||||
42,400 | 20,600 | 60,000 | 97,000 | 34,700 | 69,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Comprehensive income | 42,400 | 20,600 | 60,000 | 97,000 | 34,700 | 69,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total other-than-temporary impairment losses on securities | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total other-than-temporary impairment losses on securities | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Portion of losses recognized in other comprehensive income (loss) | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Portion of losses recognized in other comprehensive income (loss) | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net other-than-temporary impairment losses on securities recognized in net income | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net other-than-temporary impairment losses on securities recognized in net income | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Sales and other, net | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Sales and other, net | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Change in fair value - equity securities (1) | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Change in fair value - equity securities (1) | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Change in fair value and gains realized on settlements - derivatives | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Change in fair value and gains realized on settlements - derivatives | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total | |||||||||||||||||||||
-100 | -2,200 | -7,100 | 3,300 | -5,900 | -3,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total | -100 | -2,200 | -7,100 | 3,300 | -5,900 | -3,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||