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HMNHorace Mann Educators Corporation
$44.94$1.8B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
HMN logo

Horace Mann Educators Corporation

HMN
NYSE · Property & Casualty Insurance
$44.94
At close - Oct 1, 4:00 PM EDT - USD
Market Cap$1.81B
P/E11.5x
52W High$55.56
Volume358.32K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Premium Growth Accelerates While Reserve Releases Flatter Earnings

Horace Mann's revenue growth accelerated to 13.3% year-over-year in 2026Q2, driven by diversification, while the combined ratio improved to 89.0% from 90.7% a year earlier, indicating solid underwriting discipline. However, the loss ratio's 26-point drop to 42...

GrowthAccelerating
ProfitabilityStable
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

HMN price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

11/12 Beats

EPS beat 11 of last 12 quarters

02

Valuation risk

-32% Peers

P/E is 32% below peer median

03

Market leadership

RS 47 · Lag

Laggard (Underperforming 53% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 5

Market performance

Price History →

Trailing total returns as of 10/2/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
HMN+1.86%
S&P 500 (^GSPC)+11.83%
1-Year Return
HMN+4.37%
S&P 500 (^GSPC)+14.29%
3-Year Return
HMN+69.34%
S&P 500 (^GSPC)+80.01%
5-Year Return
HMN+28.68%
S&P 500 (^GSPC)+75.46%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
11.6x
Forward P/EExpansion
9.3x
EV/EBITDA20th %ile
10.5x
FCF YieldCash Flow
30.3%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
11.6x
15.8x
20th· Low
EV/EBITDA
10.5x
13.8x
20th· Low
Price/FCF
3.3x
4.5x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$17.53-61.0%
Base (Fair)$36.40-19.7%
Bull$61.43+36.7%
$17.53 Bear$36.40 Base$61.43 Bull
Current Market Price: $44.94
Trades at a 23.5% premium to Base DCF ($36.40)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$1.62B+4.8% YoY
Net income
$162M+57.7% YoY
Free cash flow
$553M+22.4% YoY
Operating margin
12.4%+4.1 pts YoY
ROIC (TTM)7.8%
Avg ROIC 5Y-
ROE (TTM)11.7%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate11/12 (92%)
Revenue Beat Rate4/12 (33%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 5, 2026
$1.17+48.7%
vs $0.79
$444M+37.9%
vs $322M
Q2 2026
May 6, 2026
$1.28+16.4%
vs $1.10
$313M-1.9%
vs $319M
Q1 2026
Feb 3, 2026
$1.21+2.5%
vs $1.18
$317M+1.0%
vs $314M
Q4 2025
Nov 4, 2025
$1.36+30.8%
vs $1.04
$417M-3.2%
vs $431M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Business Wire·1d ago
Horace Mann Completes Acquisition of Employee Services, LLC

SPRINGFIELD, Ill.--(BUSINESS WIRE)--Horace Mann Educators Corporation (NYSE: HMN) today announced it has completed its previously announced acquisition of all outstanding membership interests of Employee Services, LLC (ESI) from Medical Mutual of Ohio.ESI is an employee assistance program provider that helps employers support the well-being of their employees and families. Its services include confidential counseling, work-life assistance and other resources designed to help people address perso.

Zacks Investment Research·1d ago
Should Value Investors Buy Horace Mann Educators (HMN) Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Zacks Investment Research·4d ago
Best Value Stocks to Buy for September 28th

MCY, EQNR and HMN made it to the Zacks Rank #1 (Strong Buy) value stocks list on September 28, 2026.

Zacks Investment Research·4d ago
Best Income Stocks to Buy for September 28th

HMN, EQNR and PBI made it to the Zacks Rank #1 (Strong Buy) income stocks list on September 28, 2026.

Filtered for Horace Mann Educators CorporationMore Headlines
04

Compare before deciding

Benchmark HMN against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Horace Mann Educators Corporation (HMN)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
HMN logoHMNHorace Mann Educators CorporationCurrent
$44.94$1.81B11.524.81%9.98%11.7%3.05%
AFL logoAFLAflac Incorporated
$111.18$56.59B16.28-8.84%26.88%16.42%—
CNO logoCNOCNO Financial Group, Inc.
$53.08$4.95B22.590.94%6.02%10.82%—
GL logoGLGlobe Life Inc.
$165.83$12.88B11.793.82%19.56%20.28%—
FG logoFGF&G Annuities & Life, Inc.
$21.98$2.91B11.695.72%6.99%8.66%—
MET logoMETMetLife, Inc.
$94.35$60.71B19.6610.22%4.61%12.75%—

Compare HMN vs Peers

Horace Mann Educators Corporation (HMN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs AFL

Most directly comparable listed peer for HMN.

Scale Benchmark

vs BLK

Larger-name benchmark to compare HMN against a more recognizable public peer.

Peer Set

Compare Top 5

vs AFL, CNO, GL, FG

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

HMN SEC Filings & Documents

Horace Mann Educators Corporation (HMN) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 5, 2026·SEC

Material company update

Jul 21, 2026·SEC

Material company update

Jul 21, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 27, 2026·SEC

FY 2025

Feb 28, 2025·SEC

FY 2024

Feb 27, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 7, 2026·SEC

FY 2026

May 8, 2026·SEC

FY 2025

Nov 7, 2025·SEC

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HMN Frequently Asked Questions

Horace Mann Educators Corporation (HMN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Horace Mann Educators Corporation growing?

Horace Mann Educators Corporation (HMN) grew revenue by 4.8% over the past year. Growth has been modest.

Is HMN profitable?

Yes, Horace Mann Educators Corporation (HMN) is profitable, generating $177.3M in net income for fiscal year 2025 (10.0% net margin).

Dividend & Returns
Does HMN pay dividends?

Yes, Horace Mann Educators Corporation (HMN) pays a dividend with a yield of 3.05%. This makes it attractive for income-focused investors.

What is HMN's return on equity?

Horace Mann Educators Corporation (HMN) has a return on equity (ROE) of 11.7%. This is reasonable for most industries.

Industry Metrics
What is Horace Mann Educators Corporation's combined ratio?

Horace Mann Educators Corporation (HMN) has a combined ratio of 87.6%. A ratio below 100% indicates underwriting profitability.

What if you invested $1,000 in HMN back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →