Is Horace Mann Educators (HMN) overvalued or fairly valued?

MarketChacha shows Horace Mann Educators's valuation in context — a trailing P/E of about 12.5, a forward P/E of about 9.7, a price-to-book of about 1.4 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Horace Mann Educators's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (4.22×) from reported figures — education, not a rating.

What is Horace Mann Educators's revenue?

Horace Mann Educators reported revenue of $1.7B for FY2025, with net profit of $162.1M, per official filings.

What is the share price of Horace Mann Educators (HMN)?

Horace Mann Educators last traded at $51.30 (-2.2% on the day), as of 8/17/2026 — a delayed quote shown for education, not investment advice.

Horace Mann Educators

HMN · NYSE · Financials · United States

Snapshot

TickerHMN

ExchangeNYSE

SectorFinancials

IndustryInsurance - Property & Casualty

CountryUnited States

Employees1,800

HeadquartersSpringfield, United States

Websitewww.horacemann.com

Filings tracked17

About Horace Mann Educators

Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. It operates through three segments: Property & Casualty, Life & Retirement, and Supplemental & Group Benefits segments. The Property & Casualty segment offers insurance products, including private passenger auto insurance, residential home insurance, and personal umbrella insurance; standard auto coverage including liability, collision, and comprehensive; property coverage for homeowners and renters. The Life & Retirement segment sells tax-qualified fixed, fixed indexed, and variable annuities; the Horace Mann Retirement Advantage open architecture platform and other defined contribution plans; traditional term, whole life insurance products, and indexed universal life (IUL) products. This segment also offers Life by Design, a portfolio of individual whole life and individual term insurance products that address the financial planning needs of educators; Life Select, a combination product that mixes a base of either traditional whole life, 20-pay life, or life paid-up at age 65 with a variety of term riders; single premium whole life products; and cash value term. The Supplemental & Group Benefits segment offers employer-sponsored products, including accident, critical illness, limited-benefit fixed indemnity insurance, term life, and short-term and long-term disability, as well as worksite direct products, such as supplemental heart, cancer, disability, and accident coverages. The company offers individual protection and savings solutions, including auto insurance, property insurance, liability insurance, 403(b) retirement plans, mutual funds, life insurance, student loan solutions, credit monitoring, and financial wellness workshops. It distributes its products and services through agents, brokers, benefit specialists, direct and digital channels. The company was founded in 1945 and is headquartered in Springfield, Illinois.

Who owns it

Insiders1.6%
Institutions98.4%
Public & other0.0%

370 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.14.53%
Franklin Resources, Inc.7.47%
Vanguard Portfolio Management LLC7.02%
Price (T.Rowe) Associates Inc6.33%
Dimensional Fund Advisors LP5.50%
Fuller & Thaler Asset Management Inc.4.73%
State Street Corporation4.62%
Vanguard Capital Management LLC4.49%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion4.22×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend3.0% → 9.5%

Margin has expanded by about 6.5 points — the business is getting more profitable.

Growth qualityrev 7% · PAT 90%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $449.9M · EPS 1.34

Est. earnings growth +10.7%

Next fiscal year

Rev $2.1B · EPS 5.38

Est. earnings growth +11.7%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$1.7B

Net margin

9.5%

ROE

10.9%

Revenue CAGR (2y)

+6.8%

Profit CAGR (2y)

+89.8%

EPS (FY2025)

3.90

Net profit (FY2025)

$162.1M

Ask MarketChacha about HMN

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$1.7B	$162.1M	3.90	9.5%	10.9%
FY2024	$1.6B	$102.8M	2.48	6.4%	8.0%
FY2023	$1.5B	$45.0M	1.09	3.0%	3.8%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$443.5M	$41.6M	1.01	9.4%
2026Q1	$429.3M	$41.2M	1.00	9.6%
2025Q3	$438.5M	$58.3M	1.40	13.3%
2025Q2	$411.7M	$29.4M	0.71	7.1%
2025Q1	$416.4M	$38.2M	0.92	9.2%
2024Q3	$412.1M	$34.3M	0.83	8.3%
2024Q2	$388.1M	$3.8M	0.09	1.0%
2024Q1	$386.0M	$26.5M	0.64	6.9%
2023Q3	$378.7M	$11.7M	0.28	3.1%
2023Q2	$356.4M	$-12.8M	-0.31	-3.6%
2023Q1	$353.9M	$6.6M	0.16	1.9%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC8/7/2026
8-K — Results of operations, Exhibits
SEC8/5/2026material
8-K — Material agreement, Material financial obligation, Exhibits
SEC7/21/2026material
8-K — Material agreement, Material financial obligation, Exhibits
SEC7/21/2026material
8-K — Shareholder vote results
SEC5/21/2026material
10-Q filing
SEC5/8/2026
8-K — Results of operations, Exhibits
SEC5/6/2026material
8-K — Executive/director change
SEC3/27/2026material
10-K filing
SEC2/27/2026
8-K — Results of operations, Exhibits
SEC2/3/2026material

2025

10-Q filing
SEC11/7/2025
8-K — Results of operations, Exhibits
SEC11/4/2025material
8-K — Other events
SEC9/29/2025material
8-K — Other events, Exhibits
SEC9/26/2025material
8-K — Executive/director change
SEC8/13/2025material
8-K — Results of operations, Exhibits
SEC8/6/2025material
10-Q filing
SEC8/6/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.