Financial Highlights

Financial Highlights
2014 FY
12/31/2014
2015 FY
12/31/2015
2016 FY
12/31/2016
2017 FY
12/31/2017
2018 FQ2 YTD
6/30/2018
Balance Sheet ($000)
Cash and Cash Equivalents 11,675 15,509 16,670 7,627 8,247
Investments 7,403,467 7,648,030 7,999,372 8,352,348 8,232,832
Total Assets 9,768,527 10,056,972 10,576,824 11,198,340 11,156,214
Total Policy Reserves 5,958,206 6,376,055 6,733,081 6,906,284 6,992,600
Total Liabilities 8,432,064 8,792,311 9,282,842 9,696,767 9,805,773
Total Mezzanine Level Items 0 0 0 0 0
Equity Attributable to Parent Company 1,336,463 1,264,661 1,293,982 1,501,573 1,350,441
Total Equity 1,336,463 1,264,661 1,293,982 1,501,573 1,350,441
Equity before Unrealized Gains 1,038,909 1,089,494 1,118,244 1,201,396 1,224,845
Total Equity/ Total Assets(%) 13.68 12.57 12.23 13.41 12.10
Reserves/ Equity(x) 4.46 5.04 5.20 4.60 5.18
Income Statement ($000)
Total Policy Income 715,760 731,880 759,146 794,703 408,608
Net Investment Income 329,789 333,646 360,133 375,088 188,965
Realized Gain on Securities 10,943 11,667 5,176 (4,864) (919)
Asset Management and Brokerage Fees 0 0 0 0 0
Total Revenue 1,060,685 1,080,448 1,128,910 1,171,550 601,746
Total Policy Expense 644,565 679,206 733,026 780,941 412,945
Underwriting & Other Expense 255,809 256,330 269,844 289,974 151,678
Total Expense 914,572 950,996 1,014,678 1,082,863 571,087
Net Income 104,243 93,482 83,765 169,459 26,072
Net Income Attributable to Parent 104,243 93,482 83,765 169,459 26,072
Operating Income after Taxes 97,343 84,882 81,465 72,171 26,772
EBITDA 168,269 150,308 132,936 107,250 NA
Per Share Information ($)
Basic Book Value per Share 32.65 31.18 32.15 36.88 32.93
Book Value per Share before Unrealized Gains 25.38 26.86 27.79 29.51 29.87
Diluted EPS after Extraordinary 2.47 2.20 2.02 4.08 0.63
EBITDA/ Share 3.99 3.54 3.21 2.58 NA
Operating EPS 2.31 2 1.97 1.74 0.64
Price/ LTM Operating Earnings(x) 14.40 16.60 21.70 25.30 22.40
Common Dividends Declared per Share 0.92 1 1.06 1.10 0.57
Dividend Payout Ratio(%) 37.25 45.45 52.48 26.96 90.48
EPS after Extra Growth(%) (7.10) (10.90) (8.20) 102 50
Profitability (%)
ROAA 1.11 0.94 0.80 1.56 0.47
Operating ROAA 1.04 0.85 0.78 0.66 0.48
ROAE 8.36 7.02 6.12 12.39 3.68
ROATCE 8.69 7.28 6.34 12.83 3.81
Operating ROAE 7.81 6.38 5.95 5.28 3.78
Investment Yield 4.82 4.57 4.56 4.50 4.55
Combined Ratio 96.10 97 101.50 103.30 106.80
P&C Stat Combined Ratio after Dividends NA NA NA NA NA
Reported Medical Care Ratio NA NA NA NA NA
Net Premiums Written/ Avg Equity(x) 0.94 0.94 0.92 0.90 0.83
Growth Rates and Trends (%)
Asset Growth 10.67 2.95 5.17 5.88 (0.75)
Equity Growth 21.57 (5.37) 2.32 16.04 (20.13)
Net Written Premium Growth 6.71 7.61 0.48 (2.80) (3.72)
Recurring Revenue Growth 2.85 1.86 4.49 3.78 3.98
Net Income Growth (6) (10.32) (10.39) 102.30 48.31
Assets Five-year CAGR 9.05 7.68 7.29 6.51 5.95
Equity Five-year CAGR 13.17 8.34 4.16 3.80 4.07
Revenue Five-year CAGR 2.50 2.08 2.49 2.99 2.95
Net Income Five-year CAGR 7.24 3.13 3.50 10.28 (13.22)
Miscellaneous ($000)
Net Premiums Written 1,167,655 1,256,513 1,262,499 1,227,117 585,730
Gross Life Insurance in Force 15,800,701 16,504,539 17,025,125 17,564,270 17,862,000
Total Membership(actual) 0 0 0 0 0
Assets Under Management 0 0 0 0 0
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.


© 2018 Horace Mann Educators Corporation

CUSTOMER SERVICE Call 800-999-1030

  • Auto and Property
    M – F, 7 a.m. - 8 p.m. Central time.
  • Life, Annuity and Group
    M – F, 7 a.m. - 7 p.m. Central time.