Horace Mann Educators Corp Stock Research

Market Summary

USD30.05-1.34

Market Closed

-4.27%

HMN Alerts

Big fall in earnings (Y/Y)

HMN Stock Price

HMN RSI Chart

HMN Valuation

Market Cap

1.4B

Price/Earnings (Trailing)

-529.92

Price/Sales (Trailing)

EV/EBITDA

45.13

Price/Free Cashflow

8.03

HMN Price/Sales (Trailing)

HMN Profitability

EBT Margin

-0.86%

Return on Equity

-0.24%

Return on Assets

-0.02%

Free Cashflow Yield

12.45%

HMN Fundamentals

HMN Revenue

Revenue (TTM)

1.4B

Revenue Y/Y

2.05%

Revenue Q/Q

2.05%

HMN Earnings

Earnings (TTM)

-10.5M

Earnings Y/Y

-54.48%

Earnings Q/Q

135.68%

Price Action

52 Week Range

30.0140.13

(Low)(High)

Last 7 days

-2.3%

Last 30 days

0.4%

Last 90 days

-14.1%

Trailing 12 Months

-22.9%

HMN Financial Health

Debt/Equity

0.23

Debt/Cashflow

0.69

HMN Investor Care

Dividend Yield

4.29%

Dividend/Share (TTM)

1.29

Buy Backs (1Y)

1.43%

Diluted EPS (TTM)

-0.25

Peers (Alternatives to Horace Mann Educators)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
PGR	80.9B	52.1B	-6.11%	6.42%	112.13	1.63	6.08%	-60.84%
AIG	39.6B	51.6B	3.17%	-5.02%	3.86	0.7	-3.37%	-38.13%
TRV	39.1B	37.8B	-4.33%	-0.47%	13.97	1.03	6.99%	-29.09%
ALL	28.5B	52.9B	-4.41%	-17.00%	-11.92	0.54	4.73%	-167.90%
RE	23.8B	12.4B	-7.03%	24.77%	39.87	1.91	3.58%	-56.71%
HIG	23.3B	22.9B	-3.10%	-4.87%	11.93	1.05	1.76%	-25.56%
Y	11.4B	-	0.57%	29.95%	32.11	0.97	-	-
AFG	9.6B	7.2B	-6.27%	-11.90%	11.66	1.33	8.46%	-56.06%
MID-CAP
RNR	8.4B	6.5B	-10.73%	23.57%	-82.23	1.29	18.12%	27.70%
ESGR	3.8B	1.6B	1.39%	4.74%	-21.05	2.31	-	-308.14%
SMALL-CAP
HMN	1.4B	1.4B	0.35%	-22.92%	-529.92	1	2.59%	-108.90%
PLMR	1.2B	338.2M	-5.93%	-26.34%	21.46	3.49	22.24%	25.58%
PRA	990.7M	1.1B	-31.51%	-45.33%	-2.5K	0.9	-7.68%	-102.27%
JRVR	748.6M	847.3M	2.21%	-24.16%	24.65	0.88	7.01%	151.37%

Financials for Horace Mann Educators

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	0.5%	1,390	1,383	1,368	1,354	1,355
EBITDA	-66.7%	35.00	105	100	175	-
EBITDA Margin	-67.0%	0.03*	0.08*	0.11*	0.13*	-
Earnings Before Taxes	-80.7%	-21.50	-11.90	66.00	70.00	144
EBT Margin	-117.9%	-0.01*	0.05*	0.08*	0.11*	-
Interest Expenses	14.4%	22.00	19.00	17.00	15.00	14.00
Net Income	-303.8%	-10.50	-2.60	56.00	59.00	118
Net Income Margin	-104.6%	0.00*	0.04*	0.06*	0.09*	-
Free Cahsflow	20.3%	172	143	168	159	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	1.5%	13,654	13,447	13,314	13,759	14,427
Cash Equivalents	-36.0%	27.00	43.00	36.00	50.00	49.00
Goodwill	0%	54.00	54.00	56.00	56.00	56.00
Liabilities	1.3%	12,515	12,359	12,238	12,498	12,891
. Short Term Borrowings	0%	249	249	249	249	249
Long Term Debt	0%	249	249	249	249	254
Shareholder's Equity	4.7%	1,139	1,088	1,077	1,260	1,537
Retained Earnings	2.5%	1,505	1,469	1,500	1,500	1,526
Additional Paid-In Capital	0.1%	503	503	500	498	497
Shares Outstanding	-1.0%	41.00	42.00	42.00	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	-5.4%	162	172	143	168	159
Share Based Compensation	-1.1%	9.00	9.00	9.00	9.00	8.00
Cashflow From Investing	57.0%	-92.20	-214	-246	-255	-280
Cashflow From Financing	-91.8%	-91.70	-47.80	100	107	131
Dividend Payments	0.6%	53.00	53.00	52.00	52.00	52.00
Buy Backs	9.2%	26.00	24.00	28.00	18.00	6.00

Risks for HMN

What is the probability of a big loss on HMN?

51.5%

Probability that Horace Mann Educators stock will be more than 20% underwater in next one year

17.7%

Probability that Horace Mann Educators stock will be more than 30% underwater in next one year.

Probability that Horace Mann Educators stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does HMN drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Horace Mann Educators was unfortunately bought at previous high price.

Drawdowns

Returns for HMN

Cumulative Returns on HMN

5.4%

10-Year Cumulative Returns

1.4%

7-Year Cumulative Returns

-4.2%

5-Year Cumulative Returns

-2.6%

3-Year Cumulative Returns

What are the long-term rolling returns for HMN?

FIve years rolling returns for Horace Mann Educators.

Annualized Returns

Which funds bought or sold HMN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-26	ProShare Advisors LLC	added	5.86	-474,290	8,719,030	0.03%
2023-05-25	Brandywine Global Investment Management, LLC	added	99.65	2,936,740	6,660,240	0.03%
2023-05-22	PUTNAM INVESTMENTS LLC	added	4.66	-320,528	4,818,410	0.01%
2023-05-22	AMERIPRISE FINANCIAL INC	added	10.11	-200,989	14,635,000	-%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	added	13.27	375,000	25,755,000	0.04%
2023-05-18	JPMORGAN CHASE & CO	reduced	-45.91	-2,635,720	2,477,280	-%
2023-05-17	Thrivent Financial for Lutherans	reduced	-3.37	-211,000	1,357,000	-%
2023-05-16	Red Tortoise LLC	reduced	-30.77	-1,292	2,109	-%
2023-05-16	CAROLINAS WEALTH CONSULTING LLC	unchanged	-	-214	1,841	-%
2023-05-16	Rockefeller Capital Management L.P.	sold off	-100	-67,000	-	-%

Latest Funds Activity

Are funds buying HMN calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own HMN

No. of Funds

HMN Alerts

Big fall in earnings (Y/Y)

Horace Mann Educators News

Schedule 13G FIlings of Horace Mann Educators

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	earnest partners llc	7.5%	3,051,469	SC 13G/A
Feb 09, 2023	vanguard group inc	12.57%	5,139,138	SC 13G/A
Jan 31, 2023	franklin mutual advisers llc	6.5%	2,651,633	SC 13G/A
Jan 26, 2023	blackrock inc.	14.6%	5,980,908	SC 13G/A
Jan 20, 2023	blackrock inc.	14.6%	5,980,908	SC 13G/A
Feb 14, 2022	silvercrest asset management group llc	4.6%	1,928,144	SC 13G/A
Feb 11, 2022	earnest partners llc	7.2%	2,976,829	SC 13G/A
Feb 10, 2022	vanguard group inc	11.87%	4,924,315	SC 13G/A
Feb 08, 2022	dimensional fund advisors lp	7.2%	2,968,576	SC 13G/A
Feb 02, 2022	franklin mutual advisers llc	7.4%	3,070,523	SC 13G/A

HMN Fair Value

Show Fair-Value

Recent SEC filings of Horace Mann Educators

View All Filings

Date Filed	Form Type	Document
May 26, 2023	3	Insider Trading
May 26, 2023	4	Insider Trading
May 26, 2023	4	Insider Trading
May 26, 2023	4	Insider Trading
May 26, 2023	4	Insider Trading
May 26, 2023	4	Insider Trading
May 26, 2023	4	Insider Trading
May 26, 2023	4	Insider Trading
May 26, 2023	4	Insider Trading
May 26, 2023	3	Insider Trading

Latest Insider Trading transactions for HMN

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-24	Reece Henry Wade	acquired	115,013	31.45	3,657	-
2023-05-24	Fetter Victor	acquired	115,013	31.45	3,657	-
2023-05-24	Hines Perry G.	acquired	115,013	31.45	3,657	-
2023-05-24	Sarsynski Elaine A	acquired	115,013	31.45	3,657	-
2023-05-24	KONEN MARK E	acquired	115,013	31.45	3,657	-
2023-05-24	BRADLEY THOMAS A	acquired	115,013	31.45	3,657	-
2023-05-24	Samuel Aaliyah A	acquired	115,013	31.45	3,657	-
2023-05-24	McClure Beverley J.	acquired	115,013	31.45	3,657	-
2023-05-23	McAnena Stephen J	acquired	-	-	3,114	evp & chief operating officer
2023-05-18	Weckenbrock Michael	sold	-52,512	32.82	-1,600	senior vice president

About Horace Mann Educators

Marita Zuraitis

www.horacemann.com

1450

Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. It operates in three segments: Property & Casualty, Life & Retirement, and Supplemental & Group Benefits. The company underwrites and markets personal lines of property and casualty insurance, including personal lines auto and property insurance products; supplemental insurance products, which include cancer, heart, hospital, supplemental disability, and accident coverages; retirement products, such as tax-qualified fixed and variable annuities; and life insurance products comprising whole life and term, as well as indexed universal life insurance products. It also offers student loan solutions, including online student loan management accounts for educators. The company markets its products through its sales force of full-time exclusive agents to K-12 teachers, administrators, and other employees of public schools and their families. Horace Mann Educators Corporation was founded in 1945 and is headquartered in Springfield, Illinois.

HMN Income Statement

2023-03-31

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenues
Net premiums and contract charges earned	$ 255.9	$ 255.8
Net investment income	100.4	97.9
Net investment losses	(3.9)	(15.5)
Other income	1.5	8.5
Total revenues	353.9	346.7
Benefits, losses and expenses
Benefits, claims and settlement expenses	183.2	175.2
Interest credited	48.7	39.7
Operating expenses	79.8	76.7
DAC amortization expense	23.7	22.0
Intangible asset amortization expense	3.7	4.2
Interest expense	6.7	3.9
Total benefits, losses and expenses	345.8	321.7
Income before income taxes	8.1	25.0
Income tax expense	1.5	4.7
Net income	$ 6.6	$ 20.3
Net income per share
Basic (in usd per share)	$ 0.16	$ 0.48
Diluted (in usd per share)	$ 0.16	$ 0.48
Weighted average number of shares and equivalent shares
Basic (in shares)	41.3	41.9
Diluted (in shares)	41.4	42.1
Statements of Comprehensive Income (Loss)
Net income	$ 6.6	$ 20.3
Other comprehensive income (loss), net of tax:
Change in net unrealized investment losses on fixed maturity securities	93.2	(334.1)
Change in net reserve remeasurements attributable to discount rates	(41.2)	181.5
Change in net funded status of benefit plans	0.0	0.0
Other comprehensive income (loss)	52.0	(152.6)
Comprehensive income (loss)	$ 58.6	$ (132.3)

HMN Balance Sheet

2023-03-31

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Investments
Fixed maturity securities, available for sale, at fair value (amortized cost, net 2023, $5,803.3; 2022, $5,756.9)	$ 5,350.0	$ 5,185.0
Equity securities at fair value	98.8	99.6
Limited partnership interests	1,045.4	983.7
Short-term and other investments	291.1	319.3
Total investments	6,785.3	6,587.6
Cash	27.4	42.8
Deferred policy acquisition costs	331.6	330.6
Reinsurance balances receivable	467.6	468.0
Deposit asset on reinsurance	2,518.0	2,516.6
Intangible assets	181.5	185.2
Goodwill	54.3	54.3
Other assets	333.5	328.7
Separate Account variable annuity assets	2,954.7	2,792.3
Total assets	13,653.9	13,306.1
Policy liabilities
Future policy benefit reserves	1,772.4	1,718.0
Policyholders' account balances	5,234.6	5,260.6
Unpaid claims and claim expenses	574.8	564.0
Unearned premiums	263.3	266.1
Total policy liabilities	7,845.1	7,808.7
Other policyholder funds	887.1	809.3
Other liabilities	329.8	299.5
Short-term debt	249.0	249.0
Long-term debt	249.0	249.0
Separate Account variable annuity liabilities	2,954.7	2,792.3
Total liabilities	12,514.7	12,207.8
Preferred stock, $0.001 par value, authorized 1,000,000 shares; none issued	0.0	0.0
Common stock, $0.001 par value, authorized 75,000,000 shares; issued, 2023, 66,710,189; 2022, 66,618,465	0.1	0.1
Additional paid-in capital	503.1	502.6
Retained earnings	1,505.2	1,512.4
Accumulated other comprehensive income (loss), net of tax:
Net unrealized investment losses on fixed maturity securities	(356.4)	(449.6)
Net reserve remeasurements attributable to discount rates	17.8	59.0
Net funded status of benefit plans	(8.8)	(8.8)
Treasury stock, at cost, 2023, 25,842,693 shares; 2022, 25,714,153 shares	(521.8)	(517.4)
Total shareholders’ equity	1,139.2	1,098.3
Total liabilities and shareholders’ equity	$ 13,653.9	$ 13,306.1