Fundamentals snapshot
HMN · NYQ · Financial Services · Insurance - Property & Casualty
Current price
$46.62
52-week range
$41.29 - $55.56
Market cap
$1.89B
One-glance verdict
We don't put a cash-flow fair value on banks and insurers. For these companies the reported 'cash flow' is really just money moving between loans, deposits and trades — not the leftover profit the owners could actually pocket — so the usual method would print a misleading number.
Balance sheet
Net debt $364.80M. Interest coverage shows how many times profit covers the interest bill.
What stands out
What this company does
Horace Mann Educators Corporation primarily sells insurance and retirement products, like car insurance, home insurance, and retirement plans, mainly to educators. The money from selling these policies and plans is what drives their business. This matters because it shows how reliably they can make money from their core business.
Horace Mann Educators Corporation was founded in 1945 with a specific mission: to serve the financial needs of teachers. It started by offering auto and life insurance tailored to educators, recognizing their unique circumstances. Over the decades, the company expanded its offerings beyond insurance to include retirement savings plans and other financial services, always keeping its core audience of educators in mind. This focus has shaped its growth and product development, allowing it to build a specialized niche within the broader financial services industry.
Horace Mann Educators Corporation is essentially a financial services company that provides a variety of insurance and retirement products. Think of it like a one-stop shop for financial well-being, primarily aimed at educators. They offer protection against unexpected events through insurance, like car accidents or damage to homes, and help people save for the future with retirement accounts and life insurance policies. Their goal is to offer solutions that help their customers manage their money and protect their families.
This part of Horace Mann focuses on insurance that protects your belongings and shields you from financial loss due to accidents. It includes policies for your car (private passenger auto insurance) and your home (residential home insurance), covering things like damage from collisions or natural disasters. They also offer personal umbrella insurance, which provides an extra layer of liability protection beyond standard policies. This segment is a core part of their business, providing essential coverage for everyday risks.
This segment is all about helping people plan for their future and protect their loved ones financially. They offer various types of annuities, which are like long-term savings accounts that can provide a steady income in retirement, including fixed, fixed indexed, and variable options. They also provide different kinds of life insurance, from term life (which covers a specific period) to whole life (which lasts a lifetime and builds cash value). This part of the business helps customers build wealth and ensure financial security for their beneficiaries.
This segment provides additional insurance coverage, often offered through employers as part of a benefits package. These are 'supplemental' because they add to basic health insurance. Examples include accident insurance (which pays out if you have an accident), critical illness insurance (which pays if you're diagnosed with a serious illness), and disability insurance (which replaces income if you can't work). They also offer worksite direct products, meaning individuals can purchase these extra coverages directly, providing targeted financial protection for specific health events or income loss.
Horace Mann's management is focused on strengthening its position as a trusted financial partner for educators. A key priority is expanding its reach and offerings, particularly in retirement and individual protection solutions. They are also investing in digital channels to make their products more accessible and convenient for customers. The company aims to grow by deepening relationships with existing customers and attracting new ones by providing comprehensive financial wellness tools and services.
Price history
Earnings history
Click any quarter to read the call summary and what the numbers say.
Is it cheap or expensive?
For a bank or insurer, the "free cash flow" shown on its statements is mostly money flowing through loans, deposits and trades — not the leftover profit the owners could actually keep, which is what this kind of valuation needs. Running that through the usual method would spit out a meaningless number, so we leave the cash-flow fair value out here rather than show you something misleading.
Is it drowning in debt?
Net debt $364.8M. Interest coverage 6.5x.
Horace Mann Educators Corporation's profit covers its interest bill about 6.5 times over.
Total debt $594.20M Interest coverage 6.53x This is the baseline the peer rows are being compared against.
Total debt $1.39B Interest coverage 5.17x -21% vs HMN Carries about 1.3x less debt cushion than HMN.
Total debt $962.13M Interest coverage 24.19x +271% vs HMN Carries about 3.7x more debt cushion than HMN.
Total debt $901.52M Interest coverage 12.95x +98% vs HMN Carries about 2.0x more debt cushion than HMN.
Total debt $844.20M Interest coverage 20.53x +215% vs HMN Carries about 3.1x more debt cushion than HMN.
What you should know
The numbers
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Valuation
Profitability
Health
Growth
Cash flow
Dividend
Metric explainer
Debt comparison
What you should know