HMN · Horace Mann Educators Corp /De/
$45.08
-0.43 (-0.94%)
At close · Oct 7
Return incl. dividend (before tax)
Market Cap
$1.83B
Shares
40.50M
Volume · Oct 7
336.26K
Avg daily vol (3M)
285.9K
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$45.51
Open$45.70
Day$45.33–46.00
52W close$41.49–54.12
Avg vol 30d322K
Short int1.1M · 2.8% float · 3.9d
Short vol43%
Last earningsAug 6, 2026
DataJan 2020–Oct 2026
Filing10-Q · Aug 7
Up next
Next earnings call
Oct 29, 2026
Est · unconfirmed
· in 3 wks
filed Aug 7, 2026
call held Aug 6, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$1.75B
Trailing 12 months
Net income (TTM)
$177.30M
Trailing 12 months
Revenue growth YoY
+7.7%
Year over year
Operating margin
—
Trailing 12 months
P / E (TTM)
10.6
Trailing earnings · reciprocal yield 9.4%
FCF yield
—
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
—
Latest balance sheet
Dividend yield
3.1%
Trailing 12 months
Shares change YoY
-1.0%
Year over year · fewer shares
Price change (1Y)
+2.8%
Trailing year
Short interest
2.8%
Latest settlement · 3.9 days to cover
AI Brief
Q2 FY26 earnings call · Aug 6, 2026
Q2 FY26
TL;DR. Horace Mann reported record Q2 core EPS of $1.17, up 10% year-over-year, driven by a 7-point improvement in the P&C combined ratio to 89.6%, and raised full-year 2026 core EPS guidance to $4.60-$4.90, while also lowering its full-year net investment income outlook.
Bullish
- + Raised full-year 2026 core EPS guidance to $4.60-$4.90 from prior outlook.
- + P&C combined ratio improved 7 points to 89.6% with core earnings up 56% year-over-year.
- + Record Q2 core EPS of $1.17, up more than 10% over prior year.
- + Reduced full-year catastrophe loss assumption from approximately $90 million to $75 million.
- + Total revenues increased 8% with strong sales momentum, including individual supplemental and group benefits sales up 44% and life sales up 20%.
Bearish
- − Lowered full-year net investment income outlook to $465-$475 million from prior expectations.
- − Increased individual supplemental and group benefits blended benefit ratio assumption to approximately 42%, reflecting product mix shift and elevated paid family and medical leave utilization.
- − P&C net written premiums were essentially flat at $212 million, with auto approach emphasizing discipline over volume.
- − Retirement contract deposits were modestly lower year-over-year, reflecting product mix and market conditions.
- − Q2 included a ($8.1) million after-tax out-of-period adjustment to net investment income related to private debt securities in limited partnership investments.
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Neutral
SellHoldBuy
Technical
Sell
Momentum
Weak
Sentiment
Bearish
Fundamentals
Strong
Quant / Vol
Low
Market backdrop
VIX 15 · calm
Equity put/call 0.57
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−3%
below
Price vs 50-day avg
−9%
below
RSI (14)
34
neutral
MACD trend
Negative
52-week position
32%
mid-range
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
−10%
trailing
6-month return
+2%
trailing
YTD return
−1%
this year
Relative strength
−9%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $50 › 200d $47 — 50d above 200d
Institutional flow
Distributing
2 of 261 funds reported for Sep 30 · net -251 sh shares
Insider flow
Distributing
Net -$605.1K over 90 days · 100% sells
Short interest
Rising
2.76% of float · ▲ +9.4% MoM · 3.9 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
261 holders — near 3-yr high, broad support
Squeeze score
43
elevated · 0–100
Fundamentals
Revenue growth
+7%
Y/Y
EPS growth
+57%
Y/Y
Valuation
P/E 10.6
below peers
Buyback
$37.4M
remaining
Balance sheet
$368.9M
net debt
Quant / Vol
risk profile
Volatility
21%
annualized · 1-yr
Max drawdown
−18%
past year
ATR
2.2%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed Aug 6, 2026
full-year 2026
Core earnings per share
Non-GAAP
Initiated
$4.60 – $4.90
Total net investment income
Initiated
$465M – $475M
Managed portfolio income
Initiated
$365M – $375M
Individual supplemental and group benefits blended benefit ratio
Initiated
42%
Interest expense and other corporate items
Initiated
$35M – $40M
full-year
Blended benefit ratio
42%
Guided vs delivered
· last 2 settled
EPS
Full-year 2024
guided $3.00 – $3.30
$2.48
Miss −21.3%
Full-year 2023 EPS
full-year 2023
guided $1.20 – $1.45
$1.09
Miss −17.7%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−3%
Neutral
Price vs 50-day avg
−9%
Bearish
RSI (14)
34
Neutral
MACD trend
Negative
Bearish
52-week position
32%
Neutral
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bearish · 3 of 6
Trend (MA cross)
No cross
50d $50 › 200d $47 — 50d above 200d
Institutional flow
Distributing
2 of 261 funds reported for Sep 30 · net -251 sh shares
Insider flow
Distributing
Net -$605.1K over 90 days · 100% sells
Short interest
Rising
2.76% of float · ▲ +9.4% MoM · 3.9 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
261 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $41
Now $46 · 32%
Range high $54
vs 200-day avg -3%
vs 50-day avg -9%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Auto underlying loss ratio | 65.1% | Three months ended June 30, 2026 filing | — |
| Combined ratio (Auto) | 93.1% | the three months ended June 30, 2026 filing | — |
| Combined ratio (Property and other) | 84.6% | the three months ended June 30, 2026 filing | — |
| Core earnings (Life & Retirement) non-GAAP | $16.6M | the three months ended June 30, 2026 filing | — |
| Group benefits products benefits ratio | 62.2% | Three Months Ended June 30, 2026 filing | — |
| Individual supplemental premium persistency (rolling beginning 12 months) | 89.2% | Three Months Ended June 30, 2026 filing | — |
| Individual supplemental products benefits ratio | 29.2% | Three Months Ended June 30, 2026 filing | — |
| Investment yield on the portfolio excluding limited partnership interests | 4.6% | Three months ended June 30, 2026 filing | — |
| Investment yield, excluding limited partnership interests, after tax - annualized | 3.7% | the three months ended June 30, 2026 filing | — |
| Investment yield, excluding limited partnership interests, pretax - annualized | 4.7% | the three months ended June 30, 2026 filing | — |
| Life annualized sales | $3M | Three Months Ended June 30, 2026 filing | — |
| Operating expense ratio | 40.9% | Three Months Ended June 30, 2026 filing | — |
| Pretax profit margin | 13.5% | Three Months Ended June 30, 2026 filing | — |
| Property & Casualty combined ratio | 89.6% | Three months ended June 30, 2026 filing | — |
| Property & Casualty net premiums written change | 0.1% | Three months ended June 30, 2026 filing | — |
| Underlying combined ratio (Auto) non-GAAP | 93.2% | the three months ended June 30, 2026 filing | — |
| Underlying combined ratio (Property and other) non-GAAP | 63% | the three months ended June 30, 2026 filing | — |
| Adjusted book value per share non-GAAP | $41.36 | As of June 30 | — |
| Core earnings non-GAAP | $100.7M | Six Months Ended June 30 | — |
| Core earnings per diluted share non-GAAP | $2.44 | Six Months Ended June 30 | — |
| Core ROE - LTM non-GAAP | 12.8% | As of June 30 | — |
| Tangible book value per share non-GAAP | $36.64 | As of June 30 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Insurance - Property & Casualty — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
HMN
this stock
Horace Mann Educators Corp /De/
|
$1.83B | -1.5% | +6.7% | 10.6 | 2.8% |
|
CB
Chubb Ltd
|
$128.80B | +7.1% | +6.5% | 11.8 | 0.9% |
|
PGR
Progressive Corp/Oh/
|
$119.47B | -6.9% | +16.3% | 10.3 | 1.1% |
|
TKOMY
Tokio Marine Holdings, Inc.
|
$100.71B | +36.6% | — | — | 0.0% |
|
TRV
Travelers Companies, Inc.
|
$75.72B | +24.3% | +5.2% | 9.8 | 3.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| HMN | +0.0% | -9.7% | +2.2% | +2.0% | -1.5% |
| SPY | +2.0% | +1.7% | +11.3% | +2.2% | +14.3% |
| vs SPY | -2.0% | -11.4% | -9.1% | -0.1% | -15.7% |
Capital returns
Latest dividend
$0.36
/ share · ex Sep 16, 2026
Paid (TTM)
$1.43
/ share · 4 payouts
Dividend yield (TTM, derived)
3.14%
Buyback programs
· 2 active
· as of Jun 30, 2026
Authorized (total)
$100.00M
Spent (derived)
$62.60M
Remaining
$37.40M
Spent
Remaining
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.