HORACE MANN EDUCATORS CORP /DE/ (HMN) Company Report

Horace Mann reported Q3 2025 core earnings per share of $1.36 and record core earnings of $57 million. The core return on equity for the last twelve months was 13.8%.
Total revenues for Q3 2025 increased 6% over the prior year to $439 million, with net premiums and contract charges earned up 7%. The Property & Casualty combined ratio improved by more than 10 points over the prior year to 87.8%.
The company revised its full-year 2025 core EPS guidance to $4.50 to $4.70.
In capital management, Horace Mann repurchased $20 million of shares year-to-date through October 31, 2025, and executed a $300 million debt offering that was over 5x oversubscribed.

Nov 5, 2025, 4:00 PM

Presentation

Horace Mann (HMN) Reports Record Q3 2025 Core EPS and Raises Full-Year Guidance

HMN

Earnings

Guidance Update

Share Buyback

Horace Mann (HMN) reported record third-quarter 2025 core EPS of $1.36, a 64% increase over the prior year, with total revenues up 6% and a trailing 12-month core return on equity of 13.8%.
The company raised its full-year 2025 core EPS guidance to a range of $4.50-$4.70, reflecting strong year-to-date performance and continued lower catastrophe losses.
All business segments performed in line with or above target profitability, with individual supplemental sales increasing 40% and group benefits sales nearly doubling in the quarter.
HMN is accelerating strategic investments in growth initiatives, including lead generation and distribution expansion, while also focusing on expense discipline and leveraging GenAI for efficiency.
Through October 2025, the company returned $20 million to shareholders through share repurchases and $43 million through dividends, with approximately $57 million remaining on its share repurchase authorization.

Nov 5, 2025, 4:00 PM

Transcript

Horace Mann Educators Corp Reports Strong Q3 2025 Earnings, Raises Full-Year Outlook

HMN

Earnings

Guidance Update

Revenue Acceleration/Inflection

Horace Mann Educators Corp reported strong third-quarter 2025 results, with revenue of $438.5 million and adjusted earnings of $1.36 per share, both exceeding analysts' forecasts.
The company's net income for Q3 2025 significantly increased to $58.3 million from $34.3 million in the prior year, and its property and casualty combined ratio improved to 87.8%.
Management raised the 2025 earnings outlook to a range of $4.50 to $4.70 per share, aiming for double-digit returns on equity.
Despite underperforming the broader S&P 500, Horace Mann's stock has seen a 12.8% gain year-to-date, driven by consistent earnings beats over the last four quarters.

Nov 5, 2025, 3:37 AM

Morningstar

Horace Mann reports Q3 2025 results and raises full-year guidance

HMN

Earnings

Guidance Update

Revenue Acceleration/Inflection

Horace Mann Educators Corporation reported record core earnings of $56.6 million, or $1.36 per share, for the third quarter ended September 30, 2025, with net income at $58.3 million, or $1.40 per share.
Total revenue for the quarter rose 6%, and net premiums and contract charges earned increased 7%.
The company raised its full-year 2025 core EPS guidance to a range of $4.50 to $4.70.
The Property & Casualty segment's combined ratio improved by more than 10 points over the prior year to 87.8%.

Nov 4, 2025, 9:31 PM

8-K

Horace Mann Reports Strong Third-Quarter 2025 Results and Raises Full-Year Guidance

HMN

Earnings

Guidance Update

Horace Mann reported third-quarter 2025 net income of $58.3 million, or $1.40 per share, and record core earnings of $56.6 million, or $1.36 per share.
Total revenue for the quarter increased 6.4% to $438.5 million, with net premiums and contract charges earned up 7%.
The Property & Casualty segment's combined ratio improved by more than 10 points over the prior year to 87.8% in the third quarter.
The company increased its full-year 2025 core EPS guidance to a range of $4.50 to $4.70.

Nov 4, 2025, 9:15 PM

Press Release

Horace Mann Educators Corporation Prices and Issues Senior Notes

HMN

Debt Issuance

Horace Mann Educators Corporation priced and issued $300,000,000 aggregate principal amount of 4.700% Senior Notes due 2030.
The Notes were issued on September 26, 2025, with interest payable semi-annually starting April 1, 2026, and a maturity date of October 1, 2030.
The net proceeds of $296,586,000 (before expenses) from the offering will be used for general corporate purposes, including the repayment of the company's 4.50% Senior Notes due 2025.

Sep 26, 2025, 8:19 PM

8-K

Horace Mann Educators Corporation's AM Best Credit Ratings Affirmed

HMN

Debt Issuance

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) for Horace Mann Educators Corporation's (HMEC) property/casualty (P/C) and life/health (L/H) subsidiaries, with a stable outlook.
The Long-Term ICR of “bbb” (Good) for HMEC and its associated Long-Term Issue Credit Ratings, including $250 million 4.5% senior unsecured notes due 2025 and $300 million 7.25% senior unsecured notes due 2028, were also affirmed with a stable outlook.
These ratings reflect HMEC’s very strong balance sheet strength, supported by its strongest risk-adjusted capitalization, and a well-diversified operating profile across P/C, life, and supplemental benefit segments.
The company has shown improving P/C operations and favorable, stable results in life and supplemental benefits, with strong net investment income boosting overall earnings.

Sep 12, 2025, 3:48 PM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for HORACE MANN EDUCATORS CORP /DE/.

Ask Fintool AI Agent

Get instant answers from SEC filings, earnings calls & more

What did Marita Zuraitis say about margins?What are HORACE MANN EDUCATORS CORP /DE/'s strategic priorities?How is HORACE MANN EDUCATORS CORP /DE/ positioned vs competitors?How did HORACE MANN EDUCATORS CORP /DE/ do last quarter?

Let Fintool AI Agent track HORACE MANN EDUCATORS CORP /DE/'s earnings for you

Get instant analysis when filings drop