HORACE MANN EDUCATORS CORPORATION HMN Income Statement

Horace mann educators corporation (HMN)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues
Premiums and contract charges earned, Net Amount
924,434	897,954	859,467	826,606	824,120	817,333	819,756	811,871	801,979	794,703	784,661	776,776	769,418	759,146	751,813	743,575	737,591	731,880	727,116	723,334	720,096	715,760	710,029	704,760	697,183	690,938	685,264	679,407	674,181	670,527	666,797	665,928	665,938	667,120	668,128	669,523	0	0	0
Net investment income
354,539	365,064	367,788	373,800	377,443	376,507	386,653	379,890	374,783	373,630	365,526	368,053	367,238	361,186	354,961	341,130	333,946	332,600	331,099	332,674	330,084	329,815	327,420	323,295	319,251	313,610	310,575	308,758	307,731	306,003	303,261	298,162	293,517	288,311	281,998	279,513	0	0	0
Realized Investment Gains (Losses)
127,459	153,340	137,167	142,126	-3,472	-12,543	134	-6,155	-4,818	-3,406	-4,444	3,027	4,035	4,123	10,835	8,158	6,491	12,713	11,033	13,236	15,286	10,917	10,046	5,128	17,082	22,245	27,110	39,279	33,767	27,298	26,049	36,408	32,299	37,663	44,736	31,991	0	0	0
Other income
15,422	14,127	15,885	14,675	13,895	10,302	9,514	8,950	7,791	6,623	5,687	4,933	4,220	4,455	4,534	3,857	3,604	3,255	4,251	4,022	4,073	4,193	3,248	3,924	4,485	4,474	4,520	4,689	5,043	6,986	6,935	6,829	6,698	5,208	5,825	6,841	0	0	0
Total revenues
1,421,854	1,430,485	1,380,307	1,357,207	1,211,986	1,191,599	1,216,057	1,194,556	1,179,735	1,171,550	1,151,430	1,152,789	1,144,911	1,128,910	1,122,143	1,096,720	1,081,632	1,080,448	1,073,499	1,073,266	1,069,539	1,060,685	1,050,743	1,037,107	1,038,001	1,031,267	1,027,469	1,032,133	1,020,722	1,010,814	1,003,042	1,007,327	998,452	998,302	1,000,687	987,868	0	0	0
Benefits, losses and expenses
Policyholder Benefits and Claims Incurred, Net
584,344	585,068	610,141	617,796	633,382	637,560	611,122	584,171	581,772	582,306	582,243	583,058	565,587	541,004	531,856	517,327	501,858	496,364	479,976	476,238	470,457	468,426	458,741	453,999	447,606	448,317	449,502	442,852	453,071	448,250	448,525	466,886	499,711	502,434	523,686	517,655	0	0	0
Interest credited
211,409	212,786	213,061	211,609	209,086	206,199	203,665	201,619	199,896	198,635	197,298	195,878	194,106	192,022	189,663	187,221	184,995	182,842	180,948	179,209	177,589	176,139	174,757	173,204	171,572	169,893	168,151	166,638	164,994	163,565	161,767	159,644	157,463	154,910	152,063	148,995	0	0	0
Operating expenses
239,096	234,609	228,878	218,453	213,419	205,413	198,009	191,192	187,202	187,789	181,790	181,955	179,072	173,112	172,278	167,588	164,279	157,411	158,570	158,798	157,973	161,992	159,906	161,438	161,241	160,112	160,915	157,463	157,026	156,058	154,012	152,087	149,496	148,635	145,080	142,444	0	0	0
DAC unlocking and amortization expense
114,183	109,181	113,497	113,219	108,157	109,889	107,638	105,782	104,004	102,185	97,523	97,787	97,566	96,732	98,632	99,867	99,287	98,919	97,190	95,958	94,468	93,817	90,685	87,119	87,602	84,643	82,966	82,461	81,763	79,519	79,201	83,803	82,061	83,398	84,924	85,742	0	0	0
Intangible asset amortization expense
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
16,502	15,577	14,508	13,153	13,132	13,001	12,785	12,510	12,164	11,948	11,829	11,826	11,829	11,808	12,370	12,047	12,505	13,122	13,173	14,064	14,204	14,198	14,215	14,225	14,228	14,236	14,239	14,242	14,247	14,249	14,245	14,163	14,086	14,007	13,924	13,931	0	0	0
Other expense - goodwill impairment
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total benefits, losses and expenses
1,205,494	1,194,036	1,212,432	1,202,796	1,177,717	1,172,062	1,133,219	1,095,274	1,085,038	1,082,863	1,070,683	1,070,504	1,048,160	1,014,678	1,007,137	986,388	965,262	950,996	929,857	924,267	914,691	914,572	898,304	889,985	882,249	877,201	875,773	863,656	871,101	861,641	857,750	876,583	902,817	903,384	919,677	908,767	0	0	0
Income before income taxes
216,360	236,449	167,875	154,411	34,269	19,537	82,838	99,282	94,697	88,687	80,747	82,285	96,751	114,232	115,006	110,332	116,370	129,452	143,642	148,999	154,848	146,113	152,439	147,122	155,752	154,066	151,696	168,477	149,621	149,173	145,292	130,744	95,635	94,918	81,010	79,101	0	0	0
Income tax expense
45,611	52,006	36,690	36,152	3,915	1,194	-81,091	-78,670	-79,599	-80,772	16,794	17,960	22,821	30,467	30,024	30,289	32,010	35,970	41,132	43,116	44,696	41,870	43,977	40,418	43,505	43,173	43,264	51,378	45,414	45,307	40,339	34,420	24,265	24,412	23,251	21,998	0	0	0
Net Income (Loss) Attributable to Parent
170,749	184,443	131,185	118,259	30,354	18,343	163,929	177,952	174,296	169,459	63,953	64,325	73,930	83,765	84,982	80,043	84,360	93,482	102,510	105,883	110,152	104,243	108,462	106,704	112,247	110,893	108,432	117,099	104,207	103,866	104,953	96,324	71,370	70,506	57,759	57,103	0	0	0
Net income per share
Basic (in usd per share)
0.44	0.79	0.61	2.25	0.77	-0.49	0.30	0.14	0.49	3.04	0.64	0.05	0.37	0.48	0.66	0.29	0.61	0.49	0.53	0.39	0.82	0.71	0.61	0.49	0.69	0.83	0.59	0.65	0.68	0.81	0.82	0.33	0.67	0.83	0.59	-0.30	0.65	0.51	0.59
Diluted (in usd per share)
0.44	0.79	0.60	2.24	0.77	-0.48	0.30	0.14	0.48	3.02	0.64	0.05	0.37	0.47	0.65	0.29	0.61	0.49	0.52	0.38	0.81	0.72	0.60	0.48	0.67	0.80	0.57	0.63	0.66	0.77	0.78	0.32	0.64	0.81	0.57	-0.30	0.62	0.49	0.56
Weighted average number of shares and equivalent shares
Basic (in shares)
41,827	41,795	41,785	41,762	41,610	41,500	41,683	41,600	41,497	41,524	41,433	41,368	41,135	41,161	41,092	41,082	41,297	41,867	41,852	41,990	41,950	166,460,998	41,514	41,432	41,180	81,697	40,001	39,768	39	78,676	39	39,544	39,794	39,902	39,919	39,893	39,749	39,411	39,263
Diluted (in shares)
42,019	42,060	42,030	41,921	41,785	42,338	41,850	41,735	41,653	41,850	41,575	41,493	41,342	41,751	41,347	41,314	41,492	42,669	42,305	42,425	42,300	168,795,348	42,319	42,310	42,259	83,364	41,732	41,395	41	82,662	41	41,304	41,546	42,703	41,451	39,893	41,699	41,115	40,929
Net investment gains (losses)
Total other-than-temporary impairment losses on securities
4,836	1,380	448	513	1,656	1,530	1,524	7,546	9,933	12,620	16,168	10,236	10,525	11,401	10,622	14,064	25,180	23,796	26,608	23,191	8,674	6,385	1,195	1,021	1,532	1,532	974	963	0	0	0	0	0	-	-	-	0	0	0
Net other-than-temporary impairment losses on securities recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	9,215	11,111	10,332	13,774	20,880	19,496	22,308	18,891	8,674	6,385	1,195	1,021	1,532	1,532	974	963	0	0	0	0	0	-	-	-	0	0	0
Portion of losses recognized in other comprehensive income (loss)
0	0	0	0	0	0	0	0	0	0	580	580	290	290	-290	-290	4,300	4,300	4,300	4,300	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	-	0
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales and other, net
151,214	151,495	148,343	146,404	6,126	3,491	366	4,062	7,475	7,756	12,030	13,810	15,251	16,286	21,167	21,932	27,371	32,209	33,341	32,127	23,960	17,302	11,241	6,149	18,614	23,777	28,084	40,242	33,767	27,298	26,121	36,480	32,371	37,735	49,081	36,983	0	0	0
Change in fair value - equity securities (1)
-10,684	7,308	-5,953	-5,034	-9,631	-18,323	-4,342	-6,342	-5,186	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments
-8,235	-4,083	-4,775	1,269	1,689	3,819	5,634	3,671	2,826	1,458	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized Investment Gains (Losses)
127,459	153,340	137,167	142,126	-3,472	-12,543	134	-6,155	-4,818	-3,406	-4,444	3,027	4,035	4,123	10,835	8,158	6,491	12,713	11,033	13,236	15,286	10,917	10,046	5,128	17,082	22,245	27,110	39,279	33,767	27,298	26,049	36,408	32,299	37,663	44,736	31,991	0	0	0