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Insurance company selling auto, home, life and retirement products specifically to K-12 educators.
Insurance company selling auto, home, life and retirement products specifically to K-12 educators.
Earns premiums on auto, home and life policies, and investment income on the retirement savings it holds for teachers. Auto and home results swing with claims such as storms and car repair costs, while the annuity side gives a slower, steadier line.
Moat: narrow (distribution, brand). Decades of payroll-deduction relationships inside school districts are hard for generalist insurers to replicate.
Headquarters: Springfield, Illinois, US · Founded: 1945 · Employees: 1,800
Size Horace Mann Educators (HMN) is a United States Financials company (Property/Casualty Insurance) with a market value of $2.16B, the 1747th largest of 3,117 United States companies the cockpit tracks. Shares closed at $53.25 on 6 Nov 2026.
Performance Over six months the shares gained 19.6%, against +19.2% for the median peer and -1.1% for the United States market (cap-weighted) — 10th highest of 20 in its peer set.
Growth Revenue grew 4.2% over the last twelve months (peer median +11.8%).
Valuation It trades at 1.46× book value against a peer median of 1.82× (6th cheapest of 21).
Credit Horace Mann Educators has 2 bonds outstanding ($600M), rated BBB by the agencies and trading like BBB+ at a weighted spread of 81 bp.
Short interest Short interest is 2.5% of the free float (15 Oct 2026).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.75B | $1.70B | $1.60B | $1.49B | $1.38B |
| Revenue growth | — | +7% | +7% | +8% | — |
| Net income | $178M | $162M | $103M | $45.0M | $19.8M |
| Free cash flow | n/a | $553M | $452M | $302M | $172M |
| Capital expenditure | n/a | $0 | $0 | $0 | $0 |
| Total debt | n/a | $593M | $547M | $546M | $498M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Horace Mann Educators HMN | $2.16B | +20% | +4% | 12% | 1.46× | 7.9% |
| Allstate ALL | $64.4B | +20% | +6% | 46% | 2.04× | 9.9% |
| Progressive PGR | $132B | +17% | +8% | 33% | 3.82× | 15.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | HMN | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +16.0% | -0.1% | 4th highest of 21 |
| 6-month return | +19.6% | +19.2% | 10th highest of 20 |
| Return on equity | 11.7% | 21.8% | 5th lowest of 20 |
| Price / book | 1.46× | 1.82× | 6th cheapest of 21 |
| Trailing P/E | 12.4× | 9.7× | 8th most expensive of 19 |
| ROE the price implies | 7.9% | 12.7% | 4th least demanding of 20 |
| Bond spread | 81 bp | 149 bp | tightest of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Horace Mann Educators HMN | United States | $2.16B | +20% | +4% | 12% | 1.46× | 7.9% | n/a |
| Lancashire LRE.L | United Kingdom | $2.24B | +18% | -2% | 22% | 1.49× | 12.7% | 21.8% |
| Porch PRCH | United States | $2.26B | +80% | +20% | n/a | 345.11× | 5,821.2% | n/a |
| Hyundai M&F INS 001450.KS | South Korea | $2.29B | +38% | -5% | 21% | 0.51× | 4.2% | 21.0% |
| HCI HCI | United States | $2.31B | +22% | +23% | 34% | 2.15× | 17.3% | 33.8% |
| Kemper KMPR | United States | $1.97B | +10% | -4% | -19% | 0.90× | 9.4% | -19.3% |
| Zenkoku Hosho 7164.T | Japan | $2.69B | +1% | +2% | 14% | 1.74× | 6.2% | 14.1% |
| NMI NMIH | United States | $2.94B | 0% | +8% | 15% | 1.10× | 7.9% | 15.4% |
| Safety Insurance SAFT | United States | $1.53B | +46% | +7% | 8% | 1.75× | 8.9% | 7.8% |
| SiriusPoint SPNT | United States | $3.06B | +12% | +23% | 23% | 1.34× | 9.5% | 23.1% |
| Shinkong Insurance 2850.TW | Taiwan | $1.51B | +21% | +22% | 24% | 2.27× | 6.6% | 24.0% |
| Universal Insurance UVE | United States | $1.29B | +19% | +6% | 41% | 2.00× | 13.1% | 40.8% |
| United Fire UFCS | United States | $1.23B | -1% | +11% | 15% | 1.31× | 9.0% | 14.9% |
| Ategrity Specialty Insurance ASIC | United States | $1.16B | +23% | +30% | 16% | 1.89× | 9.3% | 15.8% |
| Palomar PLMR | United States | $4.10B | +37% | +60% | 22% | 4.16× | 17.0% | 22.2% |
| Protector Forsikring PROT.OL | Norway | $4.19B | +4% | +12% | 35% | 5.34× | 18.1% | 35.2% |
| Accelerant ARX | United States | $4.32B | +19% | +55% | -380% | 6.01× | 23.2% | -380.1% |
| Mercury General MCY | United States | $4.58B | -17% | +5% | 26% | 1.63× | 13.7% | 25.5% |
| Heritage Insurance HRTG | United States | $984M | +48% | +2% | 42% | 1.64× | 14.1% | 41.7% |
| Hippo HIPO | United States | $929M | +28% | +21% | 7% | 1.98× | 22.6% | 7.2% |
| Orion180 Insurance OIG | United States | $888M | n/a | +38% | 77% | 73.37× | n/a | n/a |
Horace Mann Educators has 2 bonds outstanding with $600M face value. The agencies rate it BBB; its bonds trade like BBB+. Weighted yield 5.35%, a spread of 81 bp over government bonds.