Horace Mann Educators (HMN)
Market Price (5/22/2026): $47.63 | Market Cap: $1.9 BilSector: Financials | Industry: Multi-line Insurance
Horace Mann Educators (HMN)
Market Price (5/22/2026): $47.63Market Cap: $1.9 BilSector: FinancialsIndustry: Multi-line Insurance
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 2.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.4%, FCF Yield is 24% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 29%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 29% Low stock price volatilityVol 12M is 20% Megatrend and thematic driversMegatrends include Insurtech & Niche Financial Services. Themes include Digital Insurance for Educators, Public Sector Wealth Management Technology, and Personalized Educator Benefits & Risk Management. | Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% Weak multi-year price returns3Y Excs Rtn is -20% | Key risksHMN key risks include [1] its heavy concentration on the K-12 education market, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 2.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.4%, FCF Yield is 24% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 29%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 29% |
| Low stock price volatilityVol 12M is 20% |
| Megatrend and thematic driversMegatrends include Insurtech & Niche Financial Services. Themes include Digital Insurance for Educators, Public Sector Wealth Management Technology, and Personalized Educator Benefits & Risk Management. |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% |
| Weak multi-year price returns3Y Excs Rtn is -20% |
| Key risksHMN key risks include [1] its heavy concentration on the K-12 education market, Show more. |
Qualitative Assessment
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Horace Mann Educators (HMN) stock has gained about 5% since 1/31/2026 because of the following key factors:
1. Strong Q4 2025 Earnings Beat: Horace Mann reported record fourth-quarter 2025 core earnings of $196 million, or $4.71 per share, marking a 39% increase over the prior year. The reported EPS of $1.21 surpassed the Zacks Consensus Estimate of $1.18 by 2.54%, indicating stronger-than-expected profitability. Total net premiums and contract charges earned also increased by 7%, with overall revenues up 7% year-over-year.
2. Positive Q1 2026 Performance and Maintained Guidance: The company reported record first-quarter 2026 core earnings of $53 million, or $1.28 per share, alongside a 6% rise in premiums, contract charges, and fee revenue. The Property & Casualty segment demonstrated significant improvement with a combined ratio of 83.3%, an improvement of more than 5 points over the prior year. Horace Mann also maintained its full-year 2026 core EPS guidance in the range of $4.20 to $4.50, signaling confidence in future performance.
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1. Strong Q4 2025 Earnings Beat: Horace Mann reported record fourth-quarter 2025 core earnings of $196 million, or $4.71 per share, marking a 39% increase over the prior year. The reported EPS of $1.21 surpassed the Zacks Consensus Estimate of $1.18 by 2.54%, indicating stronger-than-expected profitability. Total net premiums and contract charges earned also increased by 7%, with overall revenues up 7% year-over-year.
2. Positive Q1 2026 Performance and Maintained Guidance: The company reported record first-quarter 2026 core earnings of $53 million, or $1.28 per share, alongside a 6% rise in premiums, contract charges, and fee revenue. The Property & Casualty segment demonstrated significant improvement with a combined ratio of 83.3%, an improvement of more than 5 points over the prior year. Horace Mann also maintained its full-year 2026 core EPS guidance in the range of $4.20 to $4.50, signaling confidence in future performance.
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Stock Movement Drivers
Fundamental Drivers
The 7.2% change in HMN stock from 1/31/2026 to 5/21/2026 was primarily driven by a 5.8% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 5212026 | Change |
|---|---|---|---|
| Stock Price ($) | 44.43 | 47.65 | 7.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,602 | 1,644 | 2.6% |
| Net Income Margin (%) | 10.2% | 10.0% | -2.0% |
| P/E Multiple | 11.2 | 11.8 | 5.8% |
| Shares Outstanding (Mil) | 41 | 41 | 0.7% |
| Cumulative Contribution | 7.2% |
Market Drivers
1/31/2026 to 5/21/2026| Return | Correlation | |
|---|---|---|
| HMN | 7.2% | |
| Market (SPY) | 7.6% | -1.5% |
| Sector (XLF) | -2.7% | 21.1% |
Fundamental Drivers
The 8.3% change in HMN stock from 10/31/2025 to 5/21/2026 was primarily driven by a 13.4% change in the company's Net Income Margin (%).| (LTM values as of) | 10312025 | 5212026 | Change |
|---|---|---|---|
| Stock Price ($) | 43.99 | 47.65 | 8.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,582 | 1,644 | 3.9% |
| Net Income Margin (%) | 8.9% | 10.0% | 13.4% |
| P/E Multiple | 13.0 | 11.8 | -9.0% |
| Shares Outstanding (Mil) | 41 | 41 | 1.0% |
| Cumulative Contribution | 8.3% |
Market Drivers
10/31/2025 to 5/21/2026| Return | Correlation | |
|---|---|---|
| HMN | 8.3% | |
| Market (SPY) | 9.5% | -0.2% |
| Sector (XLF) | -0.4% | 28.1% |
Fundamental Drivers
The 18.4% change in HMN stock from 4/30/2025 to 5/21/2026 was primarily driven by a 51.4% change in the company's Net Income Margin (%).| (LTM values as of) | 4302025 | 5212026 | Change |
|---|---|---|---|
| Stock Price ($) | 40.24 | 47.65 | 18.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,550 | 1,644 | 6.1% |
| Net Income Margin (%) | 6.6% | 10.0% | 51.4% |
| P/E Multiple | 16.2 | 11.8 | -27.0% |
| Shares Outstanding (Mil) | 41 | 41 | 1.0% |
| Cumulative Contribution | 18.4% |
Market Drivers
4/30/2025 to 5/21/2026| Return | Correlation | |
|---|---|---|
| HMN | 18.4% | |
| Market (SPY) | 35.5% | 15.6% |
| Sector (XLF) | 7.7% | 38.9% |
Fundamental Drivers
The 70.1% change in HMN stock from 4/30/2023 to 5/21/2026 was primarily driven by a 580.2% change in the company's Net Income Margin (%).| (LTM values as of) | 4302023 | 5212026 | Change |
|---|---|---|---|
| Stock Price ($) | 28.01 | 47.65 | 70.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,341 | 1,644 | 22.6% |
| Net Income Margin (%) | 1.5% | 10.0% | 580.2% |
| P/E Multiple | 58.4 | 11.8 | -79.8% |
| Shares Outstanding (Mil) | 41 | 41 | 1.0% |
| Cumulative Contribution | 70.1% |
Market Drivers
4/30/2023 to 5/21/2026| Return | Correlation | |
|---|---|---|
| HMN | 70.1% | |
| Market (SPY) | 85.6% | 24.6% |
| Sector (XLF) | 63.7% | 46.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| HMN Return | -5% | -0% | -9% | 25% | 22% | 2% | 34% |
| Peers Return | 20% | 4% | 15% | 19% | 9% | -2% | 82% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 98% |
Monthly Win Rates [3] | |||||||
| HMN Win Rate | 33% | 42% | 42% | 50% | 50% | 40% | |
| Peers Win Rate | 58% | 52% | 55% | 52% | 60% | 52% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| HMN Max Drawdown | -15% | -22% | -25% | -17% | -11% | -9% | |
| Peers Max Drawdown | -20% | -28% | -25% | -12% | -21% | -15% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SLF, L, GNW, KMPR, AIG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/21/2026 (YTD)
How Low Can It Go
| Event | HMN | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -20.5% | -6.7% |
| % Gain to Breakeven | 25.9% | 7.1% |
| Time to Breakeven | 194 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -14.0% | -24.5% |
| % Gain to Breakeven | 16.3% | 32.4% |
| Time to Breakeven | 32 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -30.2% | -33.7% |
| % Gain to Breakeven | 43.2% | 50.9% |
| Time to Breakeven | 339 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -17.5% | -19.2% |
| % Gain to Breakeven | 21.1% | 23.8% |
| Time to Breakeven | 217 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -10.3% | -3.7% |
| % Gain to Breakeven | 11.5% | 3.9% |
| Time to Breakeven | 7 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -18.4% | -12.2% |
| % Gain to Breakeven | 22.6% | 13.9% |
| Time to Breakeven | 106 days | 62 days |
In The Past
Horace Mann Educators's stock fell -4.9% during the 2025 US Tariff Shock. Such a loss loss requires a 5.2% gain to breakeven.
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Asset Allocation
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| Event | HMN | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -20.5% | -6.7% |
| % Gain to Breakeven | 25.9% | 7.1% |
| Time to Breakeven | 194 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -30.2% | -33.7% |
| % Gain to Breakeven | 43.2% | 50.9% |
| Time to Breakeven | 339 days | 140 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -27.4% | -17.9% |
| % Gain to Breakeven | 37.8% | 21.8% |
| Time to Breakeven | 99 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -72.8% | -53.4% |
| % Gain to Breakeven | 267.2% | 114.4% |
| Time to Breakeven | 711 days | 1085 days |
In The Past
Horace Mann Educators's stock fell -4.9% during the 2025 US Tariff Shock. Such a loss loss requires a 5.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Horace Mann Educators (HMN)
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.
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Here are a few analogies to describe Horace Mann Educators (HMN):
- USAA for K-12 public school employees. (USAA is known for exclusively serving military families with a range of financial products, similar to Horace Mann for educators.)
- A State Farm that only insures teachers and school staff. (State Farm is a well-known general insurer, and Horace Mann provides similar insurance products but focuses solely on the education community.)
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```html- Property & Casualty Insurance: Offers personal lines auto and property insurance products.
- Supplemental Insurance: Provides coverages for cancer, heart, hospital, supplemental disability, and accidents.
- Retirement Products: Includes tax-qualified fixed and variable annuities.
- Life Insurance: Offers whole life, term, and indexed universal life insurance products.
- Student Loan Solutions: Provides online student loan management accounts specifically for educators.
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Horace Mann Educators (HMN) primarily sells its insurance and financial products to individuals within the K-12 public education sector.
The company serves the following categories of customers:
- K-12 teachers
- K-12 public school administrators
- Other K-12 public school employees and their families
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- Munich Re (OTCQX: MURGY)
- Berkshire Hathaway Inc. (NYSE: BRK.A, NYSE: BRK.B)
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Marita Zuraitis, Director, President and Chief Executive Officer
Marita Zuraitis joined Horace Mann as President and CEO-elect in May 2013 and assumed her current role in September 2013. Prior to joining Horace Mann, she served as President of the property and casualty insurance companies of The Hanover Insurance Group from 2004 to 2013, overseeing personal and commercial lines with approximately $3 billion in annual premium. She was also a member of Hanover's Executive Leadership team. Before her time at The Hanover, Ms. Zuraitis held senior management positions at The St. Paul/Travelers Companies, where she was President and Chief Executive Officer of Commercial Lines for six years, as well as USF&G and Aetna Life and Casualty. Her career in the insurance industry spans over 30 years.
Ryan Greenier, Executive Vice President and Chief Financial Officer
Ryan Greenier was appointed Executive Vice President and Chief Financial Officer in September 2024. He previously served as Deputy CFO beginning in January 2023 and as Chief Investment Officer starting in 2021. Mr. Greenier joined Horace Mann in 2012 as Vice President, Investor Relations, and was later named Vice President, Corporate Finance in 2018 and Senior Vice President in 2019. Before joining Horace Mann, he worked at The Hartford from 2008 to 2012, holding positions in investments and investor relations. He began his career in public accounting at Deloitte & Touche and is a certified public accountant.
Donald M. Carley, Executive Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer
Donald M. Carley joined Horace Mann in January 2016 as General Counsel. He brings over 30 years of private practice and corporate experience, with extensive expertise in representing the insurance and financial services industry. Before Horace Mann, he spent a decade in private practice at Sonnenschein Nath & Rosenthal LLP (now Dentons), where he was a partner.
Stephanie A. Fulks, Senior Vice President and Chief Information Officer
Stephanie A. Fulks serves as the Senior Vice President and Chief Information Officer for Horace Mann Educators Corporation.
Jennifer E. Thayer, Senior Vice President and Chief Human Resources Officer
Jennifer E. Thayer holds the position of Senior Vice President and Chief Human Resources Officer at Horace Mann Educators Corporation.
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Here are the key risks to Horace Mann Educators:- Concentration Risk in the K-12 Educator Market: Horace Mann Educators' business model is highly concentrated on serving K-12 educators and their families. This focus exposes the company to risks associated with the stability and demographics of the public education sector. Potential challenges such as educator burnout, staffing shortages, or changes in employment trends within K-12 public schools could directly impact Horace Mann's customer base and growth opportunities. For instance, reports indicate a significant percentage of educators are considering leaving their positions, which could reduce the company's potential customer pool.
- Catastrophe Loss Exposure: As an insurance provider, particularly within its Property & Casualty segment, Horace Mann Educators faces significant financial exposure to catastrophic events. Rising catastrophic losses are a key concern and a "key swing factor" for the company and the broader U.S. Property & Casualty insurance sector, which has been grappling with increasing underwriting losses. These losses can lead to substantial claims and impact profitability.
- Competitive Market Dynamics and Soft Demand: The insurance industry is highly competitive, with numerous companies vying for market share. Horace Mann Educators has experienced slower growth in net premiums earned compared to the broader insurance industry, suggesting potential soft demand for its products or intense competitive pressures. This competitive environment necessitates continuous innovation and differentiation to maintain market position and profitability.
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The emergence of digital-first financial services platforms and online marketplaces specifically targeting K-12 educators, offering insurance, retirement, and student loan solutions with greater convenience and potentially lower costs than Horace Mann's exclusive agent-based distribution model.AI Analysis | Feedback
Horace Mann Educators Corporation (HMN) operates in several insurance and financial services segments, primarily targeting K-12 educators and their families in the United States. While specific market sizes for the K-12 educator segment for each product are not precisely quantifiable from public data, the addressable markets for their main products within the broader U.S. context are substantial. The addressable markets for Horace Mann Educators' main products and services in the U.S. are as follows: * Property & Casualty Insurance: The U.S. Property & Casualty (P&C) insurance market was valued at approximately USD 1.10 trillion in 2025 and is estimated to reach USD 1.14 trillion in 2026. Personal lines, which include auto and property insurance, accounted for 50.05% of this market in 2025. More specifically, the U.S. personal auto insurance market size is estimated at USD 532.45 billion in 2026 and is projected to grow to USD 826.30 billion by 2031. * Supplemental & Group Benefits: The U.S. supplemental health market size is projected to reach US$ 43.1 billion in 2026. This market is expected to increase to USD 69.92 billion by 2035. * Retirement Products (Annuities): U.S. individual annuity sales reached a record of $461.3 billion in 2025. Projections indicate that total annuity sales will remain well above $300 billion through 2027. * Life Insurance: The U.S. life insurance market is expected to reach a projected revenue of approximately US$ 848.1 billion by 2027. * Student Loan Solutions: The total student loan debt in the United States amounts to $1.833 trillion. The broader student loans market size is estimated at USD 4.75 trillion in 2026.AI Analysis | Feedback
For Horace Mann Educators (HMN), the following are expected drivers of future revenue growth over the next 2-3 years:
- Price Increases and Underwriting Actions in Property & Casualty (P&C) Segment: Horace Mann has been implementing rate increases and non-rate underwriting actions in its P&C segment, which includes personal lines auto and property insurance. These actions are intended to improve profitability and are expected to drive higher average premiums and accelerate growth in total written premiums.
- Expansion and Deeper Penetration within the Educator Market: The company is focused on its strategy to achieve a larger share of the education market by expanding its products and solutions to more educators. This includes growing its customer base of K-12 teachers, administrators, and other public school employees, as well as cross-selling additional insurance and financial products to existing customers.
- Growth in Supplemental & Group Benefits Products: Horace Mann has reported strong sales momentum and significant increases in both individual supplemental sales and group benefits net written premiums. The company anticipates continued growth in its supplemental insurance products, which include cancer, heart, hospital, supplemental disability, and accident coverages.
- Growth in Life & Retirement Products, particularly Annuity Contract Deposits: The Life & Retirement segment, a stable source of earnings, is expected to contribute to revenue growth through increased net annuity contract deposits. Educators often begin their relationship with Horace Mann through 403(b) retirement savings products, which also provide opportunities for cross-selling other life insurance products.
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Capital Allocation Decisions for Horace Mann Educators (HMN)
Share Repurchases
- Horace Mann's Board of Directors authorized a new share repurchase program of up to $50 million in May 2025.
- The company repurchased 497,226 shares of its common stock at an average price of $41.85, totaling approximately $20.8 million, under the 2022 share repurchase program during the fiscal year ending December 31, 2025.
Share Issuance
- No significant public share issuances for capital raising were identified within the last 3-5 years. However, restricted stock units were granted to executives as part of compensation in March 2026.
Capital Expenditures
- Explicit dollar values for capital expenditures were not separately detailed in the available information. However, Horace Mann's operating expenses of $396.6 million for the fiscal year ending December 31, 2025, reflected investments in technology, marketing, and distribution.
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | EEFT | Euronet Worldwide | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 04242026 | HOMB | Home BancShares | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 1.5% | 1.5% | 0.0% |
| 03312026 | HBAN | Huntington Bancshares | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 7.1% | 7.1% | 0.0% |
| 03312026 | NP | Neptune Insurance | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 3.9% | 3.9% | 0.0% |
| 03272026 | JKHY | Jack Henry & Associates | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.3% | 0.3% | -4.0% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 60.44 |
| Mkt Cap | 13.1 |
| Rev LTM | 12,652 |
| Op Inc LTM | - |
| FCF LTM | 1,202 |
| FCF 3Y Avg | 1,484 |
| CFO LTM | 1,554 |
| CFO 3Y Avg | 1,808 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 0.1% |
| Rev Chg 3Y Avg | 3.7% |
| Rev Chg Q | -2.3% |
| QoQ Delta Rev Chg LTM | -0.6% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 13.8% |
| CFO/Rev 3Y Avg | 13.7% |
| FCF/Rev LTM | 11.9% |
| FCF/Rev 3Y Avg | 13.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 13.1 |
| P/S | 1.2 |
| P/Op Inc | - |
| P/EBIT | 8.5 |
| P/E | 13.6 |
| P/CFO | 8.1 |
| Total Yield | 7.7% |
| Dividend Yield | 1.2% |
| FCF Yield 3Y Avg | 12.4% |
| D/E | 0.4 |
| Net D/E | -0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 2.5% |
| 3M Rtn | 3.1% |
| 6M Rtn | 5.2% |
| 12M Rtn | 17.8% |
| 3Y Rtn | 65.4% |
| 1M Excs Rtn | -0.7% |
| 3M Excs Rtn | -5.3% |
| 6M Excs Rtn | -7.8% |
| 12M Excs Rtn | -9.0% |
| 3Y Excs Rtn | -15.5% |
Segment Financials
Assets by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Life & Retirement | 11,671 | 11,365 | 10,754 | 12,065 | |
| Supplemental & Group Benefits | 1,378 | 1,339 | 1,359 | 859 | 812 |
| Property & Casualty | 1,272 | 1,218 | 1,084 | 1,243 | 1,325 |
| Corporate & Other | 191 | 190 | 173 | 282 | 182 |
| Intersegment eliminations | -24 | -62 | -65 | -65 | -90 |
| Life | 2,044 | ||||
| Retirement | 9,199 | ||||
| Total | 14,488 | 14,050 | 13,306 | 14,384 | 13,472 |
Price Behavior
Price Behavior
| Market Price | $47.65 | |
| Market Cap ($ Bil) | 1.9 | |
| First Trading Date | 11/15/1991 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $44.34 | $44.19 |
| DMA Trend | up | up |
| Distance from DMA | 7.5% | 7.8% |
| 3M | 1YR | |
| Volatility | 18.3% | 20.1% |
| Downside Capture | 1.14 | 8.41 |
| Upside Capture | 41.08 | 21.26 |
| Correlation (SPY) | 12.1% | 14.4% |
HMN Betas & Captures as of 4/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.02 | 0.12 | -0.03 | -0.00 | 0.27 | 0.38 |
| Up Beta | -0.24 | -0.24 | -0.47 | -0.20 | 0.27 | 0.34 |
| Down Beta | -3.68 | 0.47 | 0.16 | 0.04 | 0.47 | 0.45 |
| Up Capture | 43% | 32% | 21% | 10% | 17% | 16% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 15 | 25 | 38 | 69 | 141 | 412 |
| Down Capture | 5% | 2% | -6% | 1% | 20% | 56% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 7 | 18 | 26 | 56 | 109 | 334 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HMN | |
|---|---|---|---|---|
| HMN | 11.9% | 20.1% | 0.45 | - |
| Sector ETF (XLF) | 2.3% | 14.6% | -0.06 | 38.0% |
| Equity (SPY) | 26.8% | 12.1% | 1.67 | 14.3% |
| Gold (GLD) | 37.5% | 26.8% | 1.16 | -12.8% |
| Commodities (DBC) | 43.5% | 18.6% | 1.80 | -7.6% |
| Real Estate (VNQ) | 12.0% | 13.4% | 0.59 | 19.4% |
| Bitcoin (BTCUSD) | -27.2% | 41.8% | -0.65 | -4.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HMN | |
|---|---|---|---|---|
| HMN | 7.5% | 24.0% | 0.27 | - |
| Sector ETF (XLF) | 8.3% | 18.6% | 0.33 | 48.5% |
| Equity (SPY) | 13.8% | 17.0% | 0.64 | 30.3% |
| Gold (GLD) | 19.3% | 18.0% | 0.87 | -4.9% |
| Commodities (DBC) | 10.8% | 19.4% | 0.44 | 3.3% |
| Real Estate (VNQ) | 3.8% | 18.8% | 0.10 | 32.4% |
| Bitcoin (BTCUSD) | 9.3% | 55.6% | 0.37 | 8.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HMN | |
|---|---|---|---|---|
| HMN | 7.1% | 27.3% | 0.29 | - |
| Sector ETF (XLF) | 12.7% | 22.2% | 0.53 | 63.4% |
| Equity (SPY) | 15.5% | 17.9% | 0.74 | 48.9% |
| Gold (GLD) | 13.2% | 16.0% | 0.68 | -5.0% |
| Commodities (DBC) | 7.8% | 17.9% | 0.35 | 12.6% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.22 | 46.7% |
| Bitcoin (BTCUSD) | 67.3% | 66.9% | 1.06 | 9.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/6/2026 | -1.1% | -3.4% | |
| 2/3/2026 | -3.8% | -4.4% | -3.2% |
| 11/4/2025 | 3.3% | 0.8% | -3.6% |
| 8/6/2025 | 2.5% | 5.5% | 9.3% |
| 5/6/2025 | 0.2% | -0.0% | 3.7% |
| 2/5/2025 | 5.1% | 4.4% | 7.5% |
| 11/4/2024 | 5.1% | 13.2% | 10.4% |
| 7/25/2024 | -1.4% | -2.1% | -0.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 11 | 11 |
| # Negative | 13 | 14 | 13 |
| Median Positive | 3.6% | 4.4% | 7.5% |
| Median Negative | -3.8% | -3.5% | -3.2% |
| Max Positive | 5.7% | 14.0% | 20.1% |
| Max Negative | -9.2% | -10.3% | -12.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 11/04/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/27/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/08/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Zuraitis, Marita | President & CEO | Direct | Sell | 5212026 | 46.15 | 14 | 646 | 14,551,943 | Form |
| 2 | Zuraitis, Marita | President & CEO | Direct | Sell | 5072026 | 46.15 | 2 | 92 | 14,550,698 | Form |
| 3 | Zuraitis, Marita | President & CEO | Direct | Sell | 5072026 | 46.02 | 403 | 18,548 | 14,512,950 | Form |
| 4 | Zuraitis, Marita | President & CEO | Direct | Sell | 5052026 | 46.16 | 266 | 12,278 | 14,573,175 | Form |
| 5 | Zuraitis, Marita | President & CEO | Direct | Sell | 5052026 | 46.16 | 6,815 | 314,601 | 14,587,349 | Form |
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Multi-line Insurance Resources |
| Insurance Business America |
| A.M. Best |
| National Underwriter |
| Insurance News |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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