Horace Mann
Insurance, retirement and employee-benefit products tailored to educators and school districts.
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Profile
Sells personal auto and home insurance, life and retirement products, and workplace supplemental and group benefits, primarily to U.S. educators and public-school employees. Premiums, contract charges and investment income flow through three reporting segments, supported by school relationships, agents and direct channels.
Provides personal auto, homeowners and umbrella insurance; individual life and retirement products, including tax-qualified annuities and mutual funds; and supplemental and group benefits spanning disability, accident, hospital, cancer, critical illness and group life coverage.
Sales focus on U.S. K–12 educators, administrators, public-school employees and their families, while workplace benefits also reach districts, other employers and associations. School and district relationships combine with local agents, direct sales, call centers and digital service to provide nationwide access within this specialized market.
Earnings come from insurance premiums, contract charges and invested assets. Results depend on insurance pricing and claims, weather-related catastrophe losses, investment returns and interest-rate spreads. State insurance regulation governs rates, underwriting and product approvals, while retirement demand remains linked to educator employment and public-school benefit systems.
Company facts
Key statistics
Year to date +13.6% · Average volume (30d) 236.3K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 13, 2026 | Raymond James | Reiterate | Strong Buy | $42 | $59 | |
| Nov 12, 2024 | Keefe, Bruyette & Woods | Downgrade | Outperform | Market Perform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.79 | $1.17 | +48.7% | $321.7M | $443.5M | +37.9% | +3.88% |
| May 6, 2026Q1 FY26 | $1.10 | $1.28 | +16.4% | $319.1M | $429.3M | +34.5% | −1.10% |
| Feb 3, 2026Q4 FY25 | $1.18 | $1.21 | +2.5% | $314.1M | $317.2M | +1.0% | −3.76% |
| Nov 4, 2025Q3 FY25 | $1.04 | $1.36 | +30.8% | $430.9M | $417.1M | −3.2% | +3.34% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $400.1M | $391.6M | $417.1M | $419.2M | $429.3M | $443.5M | |
| Gross profit | $134.5M | $125.5M | $158.9M | $156.2M | $252.9M | $257.2M | |
| Operating income | $47.5M | $36.5M | $71.5M | $45.7M | $50.2M | $49.0M | |
| Net income | $38.2M | $29.4M | $58.3M | $36.2M | $41.2M | $41.6M | |
| Diluted EPS | $0.92 | $0.71 | $1.40 | $0.87 | $1.00 | $1.01 | |
| Gross margin | 33.6% | 32.0% | 38.1% | 37.3% | 58.9% | 58.0% | |
| Operating margin | 11.9% | 9.3% | 17.1% | 10.9% | 11.7% | 11.0% |
Fiscal years (4-quarter sums)FY21 $1.27B · FY22 $1.34B · FY23 $1.43B · FY24 $1.55B · FY25 $1.63B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $5.81B · Total debt $594.2M · Total assets $15.60B · Shareholders' equity $1.50B
Dividends
Raised for 16 straight years — most recently to $0.36 from $0.35 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 15, 2026 | Jun 15 | Jun 30 | $0.36 | |
| Mar 17, 2026 | Mar 17 | Mar 31 | $0.36 | raised from $0.35 |
| Dec 15, 2025 | Dec 15 | Dec 31 | $0.35 | |
| Sep 16, 2025 | Sep 16 | Sep 30 | $0.35 | |
| Jun 16, 2025 | Jun 16 | Jun 30 | $0.35 | |
| Mar 17, 2025 | Mar 17 | Mar 31 | $0.35 | raised from $0.34 |
| Dec 16, 2024 | Dec 16 | Dec 31 | $0.34 | |
| Sep 16, 2024 | Sep 16 | Sep 30 | $0.34 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 40.38M · Float 40.12M · 99.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 5.89M | 14.58% | 13F | Aug 7, 2026 |
| Franklin Resources Inc | 3.03M | 7.50% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 2.84M | 7.04% | 13F | Aug 13, 2026 |
| Price T Rowe Associates Inc /MD/ | 2.64M | 6.53% | 13F | Aug 14, 2026 |
| T. Rowe Price Associates, Inc. | 2.56M | 6.30% | 13G | May 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 12, 2026 | Thomas A. Bradley | director | −5,000 | $51.72 |
| Aug 12, 2026 | Henry Wade Reece | director | −1,359 | $51.52 |
| Aug 3, 2026 | Marita Zuraitis | director, officer: President & CEO | −7,500 | $52.03 |
| Jul 1, 2026 | Marita Zuraitis | director, officer: President & CEO | −7,500 | $52.62 |
| Jun 2, 2026 | Marita Zuraitis | director, officer: President & CEO | −7,500 | $46.25 |
Peers
- Equitable
#1 K-12 403(b) annuity provider by contributions, assets, and participants
- Aflac
Largest US supplemental insurer via employer payroll-deduction worksite channel
- Voya
Leading US 403(b)/457 recordkeeper for K-12 schools and public-sector employers
- Unum Group
#1 US group disability carrier; Colonial Life adds voluntary worksite benefits
- Progressive
#1 US personal auto insurer; telematics pricing competes on safe-driver rates
- Lincoln Financial
Diversified life/annuity insurer spanning 403(b) retirement and group worksite
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Horace Mann | $51.40 | +0.12% | $2.07B | 12.0 | 11.0 | 1.2 | +7.7% |
| Equitable | $49.68 | −1.04% | $13.70B | — | 6.2 | 1.3 | −29.8% |
| Aflac | $116.52 | −0.00% | $59.31B | 12.6 | 15.9 | 3.3 | −2.4% |
| Voya | $102.55 | −0.02% | $9.30B | 17.4 | 9.7 | 2.5 | +3.2% |
| Unum Group | $93.38 | +0.31% | $14.73B | 21.7 | 10.4 | 1.1 | −13.8% |
| Progressive | $217.33 | −0.61% | $127.12B | 11.0 | 13.3 | 1.4 | −4.2% |
| Lincoln Financial | $43.25 | −0.07% | $8.29B | 3.7 | 5.3 | 0.4 | +21.2% |
| Median | 12.6 | 10.1 | 1.3 | −3.3% |