HMN: Horace Mann Educators Corp Financial Statements

Balance sheet, income statement, and cash flow statements for Horace Mann Educators Corp (HMN).

OverviewDividends

$1.60B Market Cap.

As of 05/06/2025 5:00 PM ET (MRY) • Disclaimer

HMN Market Cap. (MRY)


HMN Shares Outstanding (MRY)


HMN Assets (MRY)


Total Assets

$14.49B

Total Liabilities

$13.20B

Total Investments

$6.92B

HMN Income (MRY)


Revenue

$1.60B

Net Income

$102.80M

Operating Expense

$471.10M

HMN Cash Flow (MRY)


CF Operations

$452.10M

CF Investing

-$135.80M

CF Financing

-$307.90M

HMN Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$14,487,800,000 (3.12%)

$14,049,900,000 (5.59%)

$13,306,100,000 (-7.49%)

$14,383,900,000 (6.77%)

Assets Current

-

-

-

-

Assets Non-Current

-

-

-

-

Goodwill & Intangible Assets

$210,100,000 (-6.46%)

$224,600,000 (-6.22%)

$239,500,000 (26.79%)

$188,900,000 (-6.49%)

Shareholders Equity

$1,287,500,000 (9.55%)

$1,175,300,000 (7.01%)

$1,098,300,000 (-39.23%)

$1,807,400,000 (0.97%)

Property Plant & Equipment Net

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Cash & Equivalents

$38,100,000 (28.28%)

$29,700,000 (-30.61%)

$42,800,000 (-67.99%)

$133,700,000 (499.55%)

Accumulated Other Comprehensive Income

-$364,400,000 (-8.48%)

-$335,900,000 (26.72%)

-$458,400,000 (-263.42%)

$280,500,000 (-21.01%)

Deferred Revenue

$344,200,000 (14.39%)

$300,900,000 (13.08%)

$266,100,000 (4.31%)

$255,100,000 (-3.55%)

Total Investments

$6,916,400,000 (1.26%)

$6,830,500,000 (3.69%)

$6,587,600,000 (-11.57%)

$7,449,500,000 (2.58%)

Investments Current

-

-

-

-

Investments Non-Current

-

-

-

-

Inventory

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Receivables

$424,800,000 (-11.59%)

$480,500,000 (2.67%)

$468,000,000 (205.48%)

$153,200,000 (0%)

Trade & Non-Trade Payables

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Accumulated Retained Earnings (Deficit)

$1,548,200,000 (3.06%)

$1,502,200,000 (-0.67%)

$1,512,400,000 (-0.82%)

$1,524,900,000 (6.29%)

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Debt

$547,000,000 (0.18%)

$546,000,000 (9.64%)

$498,000,000 (-0.92%)

$502,600,000 (14.93%)

Debt Current

-

-

-

-

Debt Non-Current

-

-

-

-

Total Liabilities

$13,200,300,000 (2.53%)

$12,874,600,000 (5.46%)

$12,207,800,000 (-2.93%)

$12,576,500,000 (7.66%)

Liabilities Current

-

-

-

-

Liabilities Non-Current

-

-

-

-

HMN Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$1,595,200,000 (6.92%)

$1,491,900,000 (7.98%)

$1,381,600,000 (3.93%)

$1,329,300,000 (1.44%)

Cost of Revenue

$960,900,000 (-1.43%)

$974,800,000 (5.91%)

$920,400,000 (22.61%)

$750,700,000 (-2.95%)

Selling General & Administrative Expense

$456,600,000 (8.90%)

$419,300,000 (3.86%)

$403,700,000 (18.18%)

$341,600,000 (1.15%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$471,100,000 (8.52%)

$434,100,000 (2.07%)

$425,300,000 (19.94%)

$354,600,000 (-2.07%)

Interest Expense

$34,600,000 (16.50%)

$29,700,000 (53.09%)

$19,400,000 (39.57%)

$13,900,000 (-8.55%)

Income Tax Expense

$25,800,000 (210.84%)

$8,300,000 (351.52%)

-$3,300,000 (-108.31%)

$39,700,000 (50.95%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

$102,800,000 (128.44%)

$45,000,000 (127.27%)

$19,800,000 (-88.38%)

$170,400,000 (27.83%)

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income

$102,800,000 (128.44%)

$45,000,000 (127.27%)

$19,800,000 (-88.38%)

$170,400,000 (27.83%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

$102,800,000 (128.44%)

$45,000,000 (127.27%)

$19,800,000 (-88.38%)

$170,400,000 (27.83%)

Weighted Average Shares

$41,300,000 (0.00%)

$41,300,000 (-0.72%)

$41,600,000 (-0.95%)

$42,000,000 (0.24%)

Weighted Average Shares Diluted

$41,500,000 (0.24%)

$41,400,000 (-0.96%)

$41,800,000 (-0.95%)

$42,200,000 (0.48%)

Earning Before Interest & Taxes (EBIT)

$163,200,000 (96.63%)

$83,000,000 (131.20%)

$35,900,000 (-83.97%)

$224,000,000 (28.15%)

Gross Profit

$634,300,000 (22.66%)

$517,100,000 (12.12%)

$461,200,000 (-20.29%)

$578,600,000 (7.77%)

Operating Income

$163,200,000 (96.63%)

$83,000,000 (131.20%)

$35,900,000 (-83.97%)

$224,000,000 (28.15%)

HMN Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$135,800,000 (-26.44%)

-$107,400,000 (49.95%)

-$214,600,000 (28.94%)

-$302,000,000 (25.76%)

Net Cash Flow from Financing

-$307,900,000 (-48.17%)

-$207,800,000 (-334.73%)

-$47,800,000 (-122.93%)

$208,500,000 (44.99%)

Net Cash Flow from Operations

$452,100,000 (49.65%)

$302,100,000 (76.15%)

$171,500,000 (-16.30%)

$204,900,000 (-21.13%)

Net Cash Flow / Change in Cash & Cash Equivalents

$8,400,000 (164.12%)

-$13,100,000 (85.59%)

-$90,900,000 (-181.60%)

$111,400,000 (3581.25%)

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

$0 (0%)

-$164,400,000 (0%)

$0 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

-$143,000,000 (-22.64%)

-$116,600,000 (-187.19%)

-$40,600,000 (86.09%)

-$291,800,000 (28.27%)

Capital Expenditure

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Issuance (Repayment) of Debt Securities

-$255,500,000 (-19.67%)

-$213,500,000 (-188.90%)

-$73,900,000 (75.09%)

-$296,700,000 (-2725.66%)

Issuance (Purchase) of Equity Shares

-$3,500,000 (46.15%)

-$6,500,000 (72.92%)

-$24,000,000 (-380.00%)

-$5,000,000 (-2600.00%)

Payment of Dividends & Other Cash Distributions

-$55,500,000 (-2.97%)

-$53,900,000 (-2.47%)

-$52,600,000 (-2.33%)

-$51,400,000 (-3.63%)

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Share Based Compensation

$9,900,000 (4.21%)

$9,500,000 (6.74%)

$8,900,000 (5.95%)

$8,400,000 (25.37%)

Depreciation Amortization & Accretion

$26,400,000 (0.76%)

$26,200,000 (-5.07%)

$27,600,000 (50.00%)

$18,400,000 (-21.37%)

HMN Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

39.80% (14.70%)

34.70% (3.89%)

33.40% (-23.22%)

43.50% (6.10%)

Profit Margin

6.40% (113.33%)

3.00% (114.29%)

1.40% (-89.06%)

12.80% (25.49%)

EBITDA Margin

11.90% (63.01%)

7.30% (58.70%)

4.60% (-74.73%)

18.20% (20.53%)

Return on Average Equity (ROAE)

8.20% (105.00%)

4.00% (150.00%)

1.60% (-83.33%)

9.60% (18.52%)

Return on Average Assets (ROAA)

0.70% (133.33%)

0.30% (200.00%)

0.10% (-91.67%)

1.20% (20.00%)

Return on Sales (ROS)

10.20% (82.14%)

5.60% (115.38%)

2.60% (-84.62%)

16.90% (27.07%)

Return on Invested Capital (ROIC)

1.10% (83.33%)

0.60% (100.00%)

0.30% (-81.25%)

1.60% (14.29%)

Dividend Yield

3.50% (-12.50%)

4.00% (17.65%)

3.40% (6.25%)

3.20% (10.34%)

Price to Earnings Ratio (P/E)

15.76 (-47.48%)

30 (-61.47%)

77.85 (716.76%)

9.53 (-27.90%)

Price to Sales Ratio (P/S)

1.02 (12.27%)

0.91 (-19.56%)

1.13 (-8.01%)

1.22 (-9.00%)

Price to Book Ratio (P/B)

1.24 (9.33%)

1.14 (-18.39%)

1.39 (56.76%)

0.89 (-8.74%)

Debt to Equity Ratio (D/E)

10.25 (-6.40%)

10.95 (-1.45%)

11.12 (59.74%)

6.96 (6.62%)

Earnings Per Share (EPS)

2.49 (128.44%)

1.09 (127.08%)

0.48 (-88.18%)

4.06 (27.67%)

Sales Per Share (SPS)

38.63 (6.93%)

36.12 (8.76%)

33.21 (4.94%)

31.65 (1.20%)

Free Cash Flow Per Share (FCFPS)

10.95 (49.65%)

7.32 (77.42%)

4.12 (-15.49%)

4.88 (-21.31%)

Book Value Per Share (BVPS)

31.17 (9.54%)

28.46 (7.79%)

26.4 (-38.65%)

43.03 (0.73%)

Tangible Assets Book Value Per Share (TABVPS)

345.71 (3.27%)

334.75 (6.57%)

314.1 (-7.06%)

337.98 (6.72%)

Enterprise Value Over EBIT (EV/EBIT)

13 (-40.91%)

22 (-60.00%)

55 (511.11%)

9 (-25.00%)

Enterprise Value Over EBITDA (EV/EBITDA)

11.11 (-34.33%)

16.91 (-46.03%)

31.34 (288.79%)

8.06 (-24.38%)

Asset Turnover

0.11 (1.83%)

0.11 (7.92%)

0.1 (7.45%)

0.09 (-8.74%)

Current Ratio

-

-

-

-

Dividends

$1.36 (3.03%)

$1.32 (3.13%)

$1.28 (3.23%)

$1.24 (3.33%)

Free Cash Flow (FCF)

$452,100,000 (49.65%)

$302,100,000 (76.15%)

$171,500,000 (-16.30%)

$204,900,000 (-21.13%)

Enterprise Value (EV)

$2,105,835,908 (14.02%)

$1,846,913,067 (-7.19%)

$1,990,069,284 (1.85%)

$1,953,968,185 (-7.52%)

Earnings Before Tax (EBT)

$128,600,000 (141.28%)

$53,300,000 (223.03%)

$16,500,000 (-92.15%)

$210,100,000 (31.64%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$189,600,000 (73.63%)

$109,200,000 (71.97%)

$63,500,000 (-73.80%)

$242,400,000 (22.30%)

Invested Capital

$14,786,600,000 (3.10%)

$14,341,600,000 (6.06%)

$13,521,800,000 (-7.16%)

$14,563,900,000 (6.42%)

Working Capital

-

-

-

-

Tangible Asset Value

$14,277,700,000 (3.27%)

$13,825,300,000 (5.81%)

$13,066,600,000 (-7.95%)

$14,195,000,000 (6.97%)

Market Capitalization

$1,598,935,908 (19.74%)

$1,335,313,067 (-12.63%)

$1,528,369,284 (-4.81%)

$1,605,568,185 (-7.78%)

Average Equity

$1,248,675,000 (11.80%)

$1,116,925,000 (-10.14%)

$1,242,950,000 (-30.11%)

$1,778,325,000 (7.40%)

Average Assets

$14,429,950,000 (5.35%)

$13,697,050,000 (-0.03%)

$13,701,525,000 (-3.14%)

$14,146,125,000 (10.91%)

Invested Capital Average

$14,732,775,000 (5.53%)

$13,960,250,000 (0.39%)

$13,906,675,000 (-2.93%)

$14,327,175,000 (10.86%)

Shares

40,757,989 (-0.19%)

40,835,262 (-0.15%)

40,898,295 (-1.42%)

41,487,550 (0.18%)