HORACE MANN EDUCATORS CORP /DE/

HMN · Fire, Marine & Casualty Insurance · 40.4M shares · -0%/yr ↓ buyback · EDGAR filings ↗

Net buyback after stock comp: -$7M (gross $2M, SBC $10M)

Reference price $46.25 · est. market cap ~$1.9B — last insider sale, 2026-06-02 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

C66

Horace Mann Educators — education-market insurer in earnings recovery.

Strengths

Net income +58% (69th pct), strong operating cash margin (77th)

Risks

ROE 10.9% (29th), ROA (18th) below median
Rate and catastrophe sensitivity

Notable findings

Exec changeRecent 8-K item 5.02 8-K ↗
Insider buyingInsider buying — 2 open-market buy(s) by 2 insider(s) (cluster of 2 insiders, ~$157,172, last 6mo) Form 4 ↗
Insider sellingInsider selling — 10 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, ~$1M, last 6mo) Form 4 ↗

Quarterly revenue

2025-06-30 · $412M2025-09-30 · $438M2025-12-31 · $435M2026-03-31 · $429M

Last 4 quarters · from SEC filings.

Key metrics

Net margin

9.5%

Return on equity

10.9%

Return on assets

1.1%

Revenue growth (QoQ)

-1.3%

Net-income growth

57.7%

Debt / equity

0.4×

Tangible book value

$1.3B

Cash & investments

$28M

Stock comp / revenue

0.6%

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-06-24	ZURAITIS MARITA	Option exercise	70K	$41.95
2026-06-24	ZURAITIS MARITA	Tax withheld	64K	$50.75
2026-06-24	ZURAITIS MARITA	Option exercise	72K	$42.95
2026-06-24	ZURAITIS MARITA	Tax withheld	65K	$50.75
2026-06-02	ZURAITIS MARITA	Sell	7.5K	$46.25
2026-05-20	Reece Henry Wade	Grant	2.8K	$46.77
2026-05-20	McClure Beverley J.	Grant	2.8K	$46.77
2026-05-20	Hines Perry G.	Grant	2.8K	$46.77
2026-05-20	BRADLEY THOMAS A	Grant	2.8K	$46.77
2026-05-20	KONEN MARK E	Grant	2.8K	$46.77
2026-05-20	Samuel Aaliyah A	Grant	2.8K	$46.77
2026-05-20	Fetter Victor	Grant	2.8K	$46.77
2026-05-20	Fetter Victor	Grant	1.2K	$46.77
2026-05-20	Sarsynski Elaine A	Grant	2.8K	$46.77
2026-05-19	ZURAITIS MARITA	Sell	14	$46.15
2026-05-06	ZURAITIS MARITA	Sell	2	$46.15
2026-05-05	ZURAITIS MARITA	Sell	403	$46.02
2026-05-04	ZURAITIS MARITA	Sell	266	$46.16
2026-05-01	ZURAITIS MARITA	Sell	6.8K	$46.16
2026-04-23	ZURAITIS MARITA	Sell	7.5K	$46.16
2026-04-01	McClure Beverley J.	Sell	1.1K	$42.54
2026-03-26	Chauby Steven R	Buy	180	$42.40
2026-03-04	Temchuk Maureen Amanda	Grant	1.1K	—
2026-03-04	Carley Donald M	Grant	2.3K	—
2026-03-04	Carley Donald M	Grant	6.1K	—
2026-03-04	Greenier Ryan E	Grant	2.5K	—
2026-03-04	Greenier Ryan E	Grant	3.7K	—
2026-03-04	Chauby Steven R	Grant	2.6K	—
2026-03-04	Chauby Steven R	Grant	1.9K	—
2026-03-04	Sanders Derik Tyson	Grant	2.3K	—
2026-03-04	Sanders Derik Tyson	Grant	1.9K	—
2026-03-04	Jackson Vanessa A	Grant	2.9K	—
2026-03-04	McGinnis Jennifer L	Grant	1.7K	—
2026-03-04	ZURAITIS MARITA	Grant	22K	—
2026-03-04	ZURAITIS MARITA	Grant	63K	—
2026-03-04	Fulks Stephanie A	Grant	2.6K	—
2026-03-04	Fulks Stephanie A	Grant	2.7K	—
2026-03-04	Desrochers Mark R	Grant	3.8K	—
2026-02-25	Fetter Victor	Buy	3.5K	$42.73
2026-01-02	McClure Beverley J.	Sell	1.1K	$45.18
2026-01-02	ZURAITIS MARITA	Sell	5.0K	$45.15
2025-12-17	CONKLIN BRET A	Gift	5.0K	—
2025-12-01	ZURAITIS MARITA	Sell	5.0K	$45.35
2025-11-24	Reece Henry Wade	Sell	1.3K	$45.27
2025-11-21	Desrochers Mark R	Sell	3.0K	$47.00
2025-11-13	McClure Beverley J.	Sell	1.1K	$45.40
2025-11-03	ZURAITIS MARITA	Sell	5.0K	$44.17
2025-10-01	ZURAITIS MARITA	Sell	5.0K	$44.81
2025-09-23	Sanders Derik Tyson	Grant	1.1K	—
2025-09-23	Fulks Stephanie A	Grant	4.3K	—
2025-09-02	ZURAITIS MARITA	Sell	5.0K	$45.76
2025-08-29	Chauby Steven R	Grant	2.2K	—
2025-08-22	Carley Donald M	Sell	3.5K	$45.94
2025-08-01	ZURAITIS MARITA	Sell	5.0K	$42.28
2025-07-01	ZURAITIS MARITA	Sell	5.0K	$42.87
2025-06-30	Greenier Ryan E	Option exercise	1.5K	$31.01
2025-06-30	Greenier Ryan E	Tax withheld	1.1K	$42.93
2025-06-05	CONKLIN BRET A	Option exercise	5.2K	$35.98
2025-06-05	CONKLIN BRET A	Sell	4.8K	$42.90
2025-06-04	CONKLIN BRET A	Sell	4.8K	$43.11
2025-06-04	CONKLIN BRET A	Option exercise	5.2K	$35.98
2025-06-03	CONKLIN BRET A	Sell	1.5K	$43.78
2025-06-03	CONKLIN BRET A	Option exercise	5.5K	$35.39
2025-06-03	CONKLIN BRET A	Sell	4.9K	$43.48
2025-06-03	CONKLIN BRET A	Option exercise	1.6K	$38.99
2025-06-02	CONKLIN BRET A	Option exercise	5.0K	$38.99
2025-06-02	ZURAITIS MARITA	Sell	5.0K	$43.24
2025-06-02	CONKLIN BRET A	Sell	4.7K	$43.05
2025-05-30	CONKLIN BRET A	Sell	4.7K	$43.31
2025-05-30	CONKLIN BRET A	Option exercise	5.0K	$38.99
2025-05-29	CONKLIN BRET A	Option exercise	5.0K	$38.99
2025-05-29	CONKLIN BRET A	Sell	4.7K	$43.18
2025-05-28	CONKLIN BRET A	Option exercise	5.0K	$38.99
2025-05-28	CONKLIN BRET A	Sell	4.7K	$43.49
2025-05-28	CONKLIN BRET A	Sell	11K	$43.53
2025-05-20	Fetter Victor	Buy	3.5K	$44.03
2025-05-19	Carley Donald M	Sell	5.0K	$43.93
2025-05-14	Samuel Aaliyah A	Grant	3.1K	$41.47
2025-05-14	Temchuk Maureen Amanda	Grant	1.2K	—
2025-05-14	BRADLEY THOMAS A	Grant	3.1K	$41.47
2025-05-14	Fetter Victor	Grant	3.1K	$41.47
2025-05-14	Hines Perry G.	Grant	3.1K	$41.47
2025-05-14	KONEN MARK E	Grant	3.1K	$41.47
2025-05-14	McClure Beverley J.	Grant	3.1K	$41.47
2025-05-14	Reece Henry Wade	Grant	3.1K	$41.47
2025-05-14	Sarsynski Elaine A	Grant	3.1K	$41.47
2025-05-01	ZURAITIS MARITA	Sell	5.0K	$41.40
2025-04-01	McClure Beverley J.	Sell	2.8K	$42.86
2025-04-01	ZURAITIS MARITA	Sell	5.0K	$43.09
2025-03-05	Carley Donald M	Grant	1.9K	—
2025-03-05	Carley Donald M	Grant	4.2K	—
2025-03-05	Fulks Stephanie A	Grant	2.7K	—
2025-03-05	Fulks Stephanie A	Grant	1.2K	—
2025-03-05	ZURAITIS MARITA	Grant	20K	—
2025-03-05	ZURAITIS MARITA	Grant	31K	—
2025-03-05	CONKLIN BRET A	Grant	6.3K	—
2025-03-05	Greenier Ryan E	Grant	1.8K	—
2025-03-05	Greenier Ryan E	Grant	1.3K	—
2025-03-05	McAnena Stephen J	Grant	3.1K	—
2025-03-05	Thayer Jennifer	Grant	2.7K	—
2025-03-05	Thayer Jennifer	Grant	1.6K	—
2025-02-03	ZURAITIS MARITA	Sell	4.0K	$37.37
2025-01-06	McClure Beverley J.	Sell	2.8K	$38.36
2025-01-02	ZURAITIS MARITA	Sell	4.0K	$39.40

All non-derivative Form 4 activity (SEC), newest first.

Supply chain

Customers (0)

Suppliers (4)

Clear Spring Life and Annuity Company
National Guardian Life Insurance Company
Randall & Quilter Investment Holdings Limited
RGA Reinsurance Company

Named in the 10-K; linked when we track them.

Notable events (8-K)

Date	Items
2026-05-21	Shareholder vote	filing ↗
2026-05-06	ResultsExhibits	filing ↗
2026-03-27	Exec/director change	filing ↗
2026-02-03	ResultsExhibits	filing ↗
2025-11-04	ResultsExhibits	filing ↗
2025-09-29	Other	filing ↗
2025-09-26	OtherExhibits	filing ↗
2025-08-13	Exec/director change	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-05-21	2026-05-20	0000850141-26-000024 ↗
10-Q	2026-05-08	2026-03-31	0000850141-26-000021 ↗
8-K	2026-05-06	2026-05-06	0000850141-26-000018 ↗
8-K	2026-03-27	2026-03-27	0000850141-26-000010 ↗
10-K	2026-02-27	2025-12-31	0000850141-26-000007 ↗
8-K	2026-02-03	2026-02-03	0000850141-26-000003 ↗
10-Q	2025-11-07	2025-09-30	0000850141-25-000008 ↗
8-K	2025-11-04	2025-11-04	0000850141-25-000005 ↗
8-K	2025-09-29	2025-09-29	0001140361-25-036502 ↗
8-K	2025-09-26	2025-09-23	0001140361-25-036302 ↗
8-K	2025-08-13	2025-08-10	0001628280-25-039987 ↗
10-Q	2025-08-06	2025-06-30	0001628280-25-038406 ↗