Horace Mann Financials

HMN Stock  USD 33.27  0.25  0.76%   
Horace Mann Tangible Asset Value is very stable at the moment as compared to the past year. Horace Mann reported last year Tangible Asset Value of 13.21 Billion.
With this module, you can analyze Horace financials for your investing period. You should be able to track the changes in Horace Mann individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.

Horace Most Recent Estimates

Quarterly Earnings Growth
EPS Estimate Next Quarter
Diluted Eps
EPS Estimate Current Year
EPS Estimate Next Year
Understanding current and past Horace Mann Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Horace Mann's financial statements are interrelated, with each one affecting the others. For example, an increase in Horace Mann's assets may result in an increase in income on the income statement.
The financial analysis of Horace Mann is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Horace Mann includes many different criteria found on its balance sheet. For example, investors should never minimize Horace Mann's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Horace Mann's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Horace Mann.

Cash and Equivalents

39.42 Million

Evaluating Horace Mann's financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of Horace Mann's profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the Horace Mann's relative financial performance

Chance Of Distress

Less than 42

Horace Mann Educators has less than 42 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Horace Mann stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, Horace Mann's odds of distress score SHOULD NOT be confused with the real chance of Horace Mann Educators filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as Horace is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include Horace Mann's liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
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The data published in Horace Mann's official financial statements usually reflect Horace Mann's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Horace Mann Educators. For example, before you start analyzing numbers published by Horace accountants, it's critical to develop an understanding of what Horace Mann's liquidity, profitability, and earnings quality are in the context of the Insurance space in which it operates.
Please note, the presentation of Horace Mann's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Horace Mann's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Horace Mann's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Horace Mann Educators. Please utilize our Beneish M Score to check the likelihood of Horace Mann's management to manipulate its earnings.

Horace Mann Company Summary

Horace Mann competes with Allstate Corp, Argo Group, AXIS Capital, Chubb, and Cincinnati Financial. Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. Horace Mann Educators Corporation was founded in 1945 and is headquartered in Springfield, Illinois. Horace Mann operates under InsuranceProperty Casualty classification in the United States and is traded on New York Stock Exchange. It employs 1450 people.
Financial Services, Insurance-Property & Casualty
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
CIK Number0000850141
RegionNorth America
LocationIllinois; U.S.A
Business Address1 Horace Mann
BenchmarkNYSE Composite
Phone217 789 2500
CurrencyUSD - US Dollar
You should never invest in Horace Mann without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Horace Stock, because this is throwing your money away. Analyzing the key information contained in Horace Mann's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Horace Mann Key Financial Ratios

Generally speaking, Horace Mann's financial ratios allow both analysts and investors to convert raw data from Horace Mann's financial statements into concise, actionable information that can be used to evaluate the performance of Horace Mann over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Horace Mann Educators reports annually and quarterly.

Horace Mann Key Balance Sheet Accounts

201820192020202120222023 (projected)
Long Term Debt297.74 M298.02 M302.32 M253.6 M249 M234.49 M
Accumulated Other Comprehensive Income84.76 M219.68 M355.1 M280.5 M(365.7 M)(375.32 M)
Total Assets11.03 B12.48 B13.47 B14.38 B13.45 B13.57 B
Cash and Equivalents11.91 M25.51 M22.3 M133.7 M42.8 M39.42 M
Cash and Equivalents USD11.91 M25.51 M22.3 M133.7 M42.8 M39.42 M
Total Debt297.74 M433.02 M437.3 M502.6 M498 M455.47 M
Total Debt USD297.74 M433.02 M437.3 M502.6 M498 M455.47 M
Deferred Revenue276.23 M279.16 M264.5 M255.1 M264.2 M283.09 M
Shareholders Equity1.29 B1.57 B1.79 B1.81 B1.09 B1.38 B
Shareholders Equity USD1.29 B1.57 B1.79 B1.81 B1.09 B1.38 B
Investments8.25 B6.64 B7.26 B7.45 B6.59 B7.7 B
Total Liabilities9.74 B10.91 B11.68 B12.58 B12.36 B12.2 B
Accumulated Retained Earnings Deficit1.22 B1.35 B1.43 B1.52 B1.47 B1.48 B

Horace Mann Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Horace Mann's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201820192020202120222023 (projected)
Consolidated Income18.34 M184.4 M133.3 M142.8 M(2.6 M)(2.67 M)
Cost of Revenue843.76 M797.9 M773.5 M782.1 M939.2 M926.12 M
Gross Profit347.84 M632.6 M536.9 M548 M443.7 M492.73 M
Interest Expense13 M15.6 M15.2 M13.9 M19.4 M18.46 M
Net Income18.34 M184.4 M133.3 M142.8 M(2.6 M)(2.67 M)
Operating Expenses315.3 M380.6 M362.1 M359.2 M436.2 M408.83 M
Operating Income32.54 M252 M174.8 M188.8 M7.5 M7.7 M
Revenues1.19 B1.43 B1.31 B1.33 B1.38 B1.42 B
Income Tax Expense1.19 M52 M26.3 M32.1 M(9.3 M)(9.54 M)

Horace Mann Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Horace Mann Educators. It measures of how well Horace is doing because it can show the actual money that comes into and out of the company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Horace Mann brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Horace had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Horace Mann has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201820192020202120222023 (projected)
Depreciation Amortization and Accretion7.36 M15.6 M23.4 M18.4 M27.6 M24.08 M
Net Cash Flow or Change in Cash and Cash Equivalents4.28 M13.6 M(3.2 M)111.4 M(90.9 M)(93.29 M)
Issuance Purchase of Equity Shares(1.46 M)1.7 M200 K(5 M)(24 M)(24.63 M)
Issuance Repayment of Debt Securities21.87 M(194.6 M)11.3 M(296.7 M)(73.9 M)(75.84 M)
Payment of Dividends and Other Cash Distributions(46.69 M)(47.3 M)(49.6 M)(51.4 M)(52.6 M)(56.75 M)
Net Cash Flow from Financing(10.11 M)(169.9 M)143.8 M208.5 M(47.8 M)(49.06 M)
Net Cash Flow from Investing(186.5 M)55.9 M(406.8 M)(302 M)(214.6 M)(231.54 M)
Net Cash Flow Investment Acquisitions and Disposals(186.5 M)477.4 M(406.8 M)(302 M)(50.2 M)(54.16 M)
Net Cash Flow from Operations200.89 M127.6 M259.8 M204.9 M171.5 M177.2 M
Share Based Compensation8.35 M7.3 M6.7 M8.4 M8.9 M9.34 M

Horace Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Horace Mann's current stock value. Our valuation model uses many indicators to compare Horace Mann value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Horace Mann competition to find correlations between indicators driving Horace Mann's intrinsic value. More Info.
Horace Mann Educators is rated # 5 in earnings per share category among related companies. It is rated below average in current valuation category among related companies . . Comparative valuation analysis is a catch-all model that can be used if you cannot value Horace Mann by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Horace Mann's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Horace Mann's earnings, one of the primary drivers of an investment's value.

Horace Mann Educators Systematic Risk

Horace Mann's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Horace Mann volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Horace Mann Educators correlated with the market. If Beta is less than 0 Horace Mann generally moves in the opposite direction as compared to the market. If Horace Mann Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Horace Mann Educators is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Horace Mann is generally in the same direction as the market. If Beta > 1 Horace Mann moves generally in the same direction as, but more than the movement of the benchmark.

About Horace Mann Financials

What exactly are Horace Mann Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Horace Mann's income statement, its balance sheet, and the statement of cash flows. Potential Horace Mann investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Horace Mann investors may use each financial statement separately, they are all related. The changes in Horace Mann's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Horace Mann's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze Horace Mann Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Horace Mann is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Horace has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if Horace Mann's financials are consistent with your investment objective using the following steps:
  • Review Horace Mann's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand Horace Mann's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare Horace Mann's financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Horace Mann's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to conduct additional research and seek professional advice.

Horace Mann Thematic Clasifications

Horace Mann Educators is part of Insurance investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Insurance industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
Insurance Idea
This theme covers USA Equities from Insurance industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas

Horace Mann March 29, 2023 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Horace Mann help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Horace Mann Educators. We use our internally-developed statistical techniques to arrive at the intrinsic value of Horace Mann Educators based on widely used predictive technical indicators. In general, we focus on analyzing Horace Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Horace Mann's daily price indicators and compare them against related drivers.
Check out Risk vs Return Analysis. To learn how to invest in Horace Stock please use our How to Invest in Horace Mann guide. You can also try Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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Is Horace Mann's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Horace Mann. If investors know Horace will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Horace Mann listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
Dividend Share
Earnings Share
Revenue Per Share
Quarterly Revenue Growth
The market value of Horace Mann Educators is measured differently than its book value, which is the value of Horace that is recorded on the company's balance sheet. Investors also form their own opinion of Horace Mann's value that differs from its market value or its book value, called intrinsic value, which is Horace Mann's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Horace Mann's market value can be influenced by many factors that don't directly affect Horace Mann's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Horace Mann's value and its price as these two are different measures arrived at by different means. Investors typically determine Horace Mann value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Horace Mann's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.