HMN FY 2025 Earnings Report — Horace Mann Educators Corporation Revenue & Financial Results | Market Cap Arena

Horace Mann Educators CorporationHMN

FY 2025 Earnings

Reported February 27, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$1.7B	—	$1.6B	—	9.7%
Op. Income	$1.3B	—	$129M	—	920.1%
Gross Margin	100.0%	—	30.9%	—	69.1pp
Net Margin	9.5%	—	6.6%	—	2.9pp
EPS (Diluted)	$3.90	—	$2.48	—	57.3%
Free Cash Flow	$98M	—	$452M	—	-78.3%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$0
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$390M
Other Expenses	$0
Operating Expenses	$390M
Cost & Expenses	$390M
OPERATING INCOME	$1.3B
Interest Income	$0
Interest Expense	$36M
Other Income/Expenses	-$1.1B
INCOME BEFORE TAX	$201M
Income Tax Expense	$39M
Net Income from Continuing Ops	$162M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$162M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$162M
D&A	$0
EBIT	$0
EBITDA	$0
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$0
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$390M
Other Expenses	$0
Operating Expenses	$390M
Cost & Expenses	$390M
OPERATING INCOME	$1.3B
Interest Income	$0
Interest Expense	$36M
Other Income/Expenses	-$1.1B
INCOME BEFORE TAX	$201M
Income Tax Expense	$39M
Net Income from Continuing Ops	$162M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$162M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$162M
D&A	$0
EBIT	$0
EBITDA	$0
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$162M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$414M
Change in Working Capital	$350M
OPERATING CASH FLOW	$98M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$76M
NET CASH FROM INVESTING	-$76M
Net Debt Issuance	-$470M
Common Stock Repurchased	-$21M
Common Dividends Paid	-$57M
Other Financing Activities	$521M
NET CASH FROM FINANCING	-$22M
FREE CASH FLOW	$98M
Net Change in Cash	$400.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$26M
Short-Term Investments	$608M
Net Receivables	$419M
Inventory	$0
Other Current Assets	-$1.1B
TOTAL CURRENT ASSETS	$0
PP&E (Net)	$0
Goodwill	$54M
Intangible Assets	$500M
Long-Term Investments	$6.7B
Tax Assets	$0
Other Non-Current Assets	$8.0B
TOTAL NON-CURRENT ASSETS	$15.3B
TOTAL ASSETS	$15.3B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$372M
Other Current Liabilities	-$372M
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$593M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$13.2B
TOTAL NON-CURRENT LIABILITIES	$13.8B
TOTAL LIABILITIES	$13.8B
Common Stock	$100.0K
Additional Paid-In Capital	$539M
Retained Earnings	$1.7B
Treasury Stock	-$553M
Accum. Other Comp. Income	-$155M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$15.3B
Total Debt	$593M
Net Debt	$567M