Horace Mann Educators Corporati (HMN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Horace Mann Educators Corporati

NYSE•Financial Services•Insurance - Property & Casualty

$49.37+0.22(<0.01%)Pre-market

Market Cap

$1.98B

P/E

11.2x

P/S

1.1x

P/B

1.3x

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.

How this company scores

GoodMetricSide Score: 76/100

Strongest: Growth (21/25); weakest: Cash & Earnings Quality (18/25).

Profitability18/25

Growth21/25

Balance Sheet & Red Flags19/25

Cash & Earnings Quality18/25

Strengths

Rising earningsLow leverageCash-backed earningsConsistent free cash flow

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 11.2x5y range 10.7x – 30.0x

Currently near its 16-quarter median.

P/S · 1.1x5y range 0.8x – 1.3x

Currently near its 20-quarter median.

P/B · 1.3x5y range 0.9x – 1.4x

Price & Volume

Market Cap $1.98B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.75B
Q. Revenue: $443.50M
TTM EBITDA: $249.70M
TTM Op. Income: $216.40M
Q. Op. Income: $49.00M
TTM Net Income: $177.30M
Q. Net Income: $41.60M
EPS: $1.02
Shares Out.: $40.90M

$1.75B in TTM revenue grew 5.9% YoY, reaching $443.50M last quarter. TTM EBITDA of $249.70M and TTM operating income of $216.40M show growth is flowing through to the bottom line. TTM net income of $177.30M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 12.6%
Op. Margin: 11.0%
Net Margin: 9.4%

Op. margin of 11.0% is up 2.2% YoY — cost efficiency is improving. Net margin at 9.4% Over the past year, operating margin is up 25% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 11.2x
P/S Ratio: 1.1x
P/B Ratio: 1.3x

At 11.2x P/E, the stock trades below typical market levels. P/S of 1.1x and P/B of 1.3x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is down 12% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $15.60B
Cash: $44.60M
Long-Term Debt: $594.20M
Book Value: $1.50B
D/E Ratio: 0.4
Debt/EBITDA: 10.7

With $15.60B in assets and $594.20M in long-term debt, D/E is 0.4and book value is $1.50B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 2% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $223.70M
TTM Free Cash Flow: $566.10M
FCF Margin: 32.4%
FCF / Net Income: 3.2

TTM FCF of $566.10M on $223.70M in operating cash flow. The FCF / Net Income ratio of 3.2x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 7% — an improving trend.