HMN FY 2024 Earnings Report — Horace Mann Educators Corporation Revenue & Financial Results | Market Cap Arena

Horace Mann Educators CorporationHMN

FY 2024 Earnings

Reported February 27, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.4B	—	8.2%
Op. Income	$129M	—	$53M	—	141.3%
Gross Margin	30.9%	—	24.9%	—	6.0pp
Net Margin	6.6%	—	3.1%	—	3.5pp
EPS (Diluted)	$2.48	—	$1.09	—	127.5%
Free Cash Flow	$452M	—	$302M	—	49.7%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.1B
GROSS PROFIT	$478M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$350M
Operating Expenses	$350M
Cost & Expenses	$1.4B
OPERATING INCOME	$129M
Interest Income	$0
Interest Expense	$35M
Other Income/Expenses	$0
INCOME BEFORE TAX	$129M
Income Tax Expense	$26M
Net Income from Continuing Ops	$103M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$103M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$103M
D&A	$26M
EBIT	$163M
EBITDA	$190M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.1B
GROSS PROFIT	$478M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$350M
Operating Expenses	$350M
Cost & Expenses	$1.4B
OPERATING INCOME	$129M
Interest Income	$0
Interest Expense	$35M
Other Income/Expenses	$0
INCOME BEFORE TAX	$129M
Income Tax Expense	$26M
Net Income from Continuing Ops	$103M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$103M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$103M
D&A	$26M
EBIT	$163M
EBITDA	$190M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$103M
Depreciation & Amortization	$26M
Stock-Based Compensation	$10M
Deferred Income Tax	$0
Other Non-Cash Items	$51M
Change in Working Capital	$262M
OPERATING CASH FLOW	$452M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$1.2B
Sales/Maturities of Investments	$1.1B
Other Investing Activities	$7M
NET CASH FROM INVESTING	-$136M
Net Debt Issuance	-$268M
Common Stock Repurchased	-$9M
Common Dividends Paid	-$56M
Other Financing Activities	$19M
NET CASH FROM FINANCING	-$308M
FREE CASH FLOW	$452M
Net Change in Cash	$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$33M
Short-Term Investments	$480M
Net Receivables	$425M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$938M
PP&E (Net)	$73M
Goodwill	$54M
Intangible Assets	$156M
Long-Term Investments	$641M
Tax Assets	$0
Other Non-Current Assets	$12.6B
TOTAL NON-CURRENT ASSETS	$13.5B
TOTAL ASSETS	$14.5B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$547M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$12.7B
TOTAL NON-CURRENT LIABILITIES	$13.2B
TOTAL LIABILITIES	$13.2B
Common Stock	$100.0K
Additional Paid-In Capital	$525M
Retained Earnings	$1.5B
Treasury Stock	-$533M
Accum. Other Comp. Income	-$254M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$14.5B
Total Debt	$547M
Net Debt	$514M