Horace Mann Educators Corp. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Horace Mann Educators Corp. has filed its annual 10-K report for the fiscal year ending December 31, 2023.</b>

AI Summary

HORACE MANN EDUCATORS CORP /DE/ (HMN) filed a Annual Report (10-K) with the SEC on February 27, 2024. Horace Mann Educators Corp. filed its 10-K report for the fiscal year ending December 31, 2023. The company is incorporated in Delaware and operates in the Fire, Marine & Casualty Insurance sector. Its principal business address is 1 Horace Mann Plaza, Springfield, IL 62715-0001. The filing was made on February 27, 2024. The report covers the fiscal year 2023.

Why It Matters

For investors and stakeholders tracking HORACE MANN EDUCATORS CORP /DE/, this filing contains several important signals. This filing provides a comprehensive overview of the company's financial performance, operations, and risk factors for the 2023 fiscal year. Investors and stakeholders can use this report to assess the company's financial health, strategic direction, and potential risks.

Risk Assessment

Risk Level: medium — HORACE MANN EDUCATORS CORP /DE/ shows moderate risk based on this filing. The company operates in the insurance sector, which is subject to regulatory changes, market volatility, and claims fluctuations, as detailed in the risk factors section of the 10-K.

Analyst Insight

Review the detailed financial statements and risk factors in the 10-K to understand Horace Mann Educators Corp.'s performance and outlook for 2024.

Key Numbers

• 20231231 — Fiscal Year End (Report period)
• 20240227 — Filing Date (Date of submission)
• 001-10890 — SEC File Number (Company's SEC file number)
• 24686071 — Film Number (SEC film number)

Key Players & Entities

• HORACE MANN EDUCATORS CORP /DE/ (company) — Filer name
• 0000850141 (company) — Central Index Key
• 6331 (company) — Standard Industrial Classification
• Springfield (company) — Business address city
• IL (company) — Business address state
• 2177892500 (company) — Business phone
• 20231231 (dollar_amount) — Fiscal year end
• 20240227 (dollar_amount) — Filing date

FAQ

Industry Context

Horace Mann Educators Corp. operates within the Fire, Marine & Casualty Insurance industry, a sector characterized by risk management, underwriting, and investment activities.

Regulatory Implications

The company is subject to regulations governing the insurance industry, which can impact its operations, solvency, and product offerings.

What Investors Should Do

1. Analyze the company's financial statements for the fiscal year 2023.
2. Review the risk factors section to understand potential challenges.
3. Compare key financial metrics with previous years to identify trends.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-02-27: Filing Date — Date the 10-K was officially submitted to the SEC.

Year-Over-Year Comparison

This is the 2023 annual report filing (10-K) for Horace Mann Educators Corp., providing updated financial and operational information compared to previous filings.

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share HMN New York Stock Exchange
• $1,000 — dation matches employee donations up to $1,000 to qualified nonprofits annually. Work

Filing Documents

• hmn-20231231.htm (10-K) — 7067KB
• hm123123ex21.htm (EX-21) — 7KB
• hm123123ex23.htm (EX-23) — 4KB
• hm123123ex311.htm (EX-31.1) — 12KB
• hm123123ex312.htm (EX-31.2) — 11KB
• hm123123ex321.htm (EX-32.1) — 8KB
• hm123123ex322.htm (EX-32.2) — 8KB
• exhibit971-hmecxclawbackpo.htm (EX-97.1) — 35KB
• q42023ex991-glossaryofterms.htm (EX-99.1) — 41KB
• hmn-20231231_g1.jpg (GRAPHIC) — 48KB
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• 0001628280-24-007168.txt (&nbsp;) — 40383KB
• hmn-20231231.xsd (EX-101.SCH) — 168KB
• hmn-20231231_cal.xml (EX-101.CAL) — 187KB
• hmn-20231231_def.xml (EX-101.DEF) — 1023KB
• hmn-20231231_lab.xml (EX-101.LAB) — 1770KB
• hmn-20231231_pre.xml (EX-101.PRE) — 1390KB
• hmn-20231231_htm.xml (XML) — 9623KB

tem Page

Part Item Page I 1.

Business

Business 1 Introduction 1 Forward-looking Information 1 Overview, History and Available Information 1 Corporate Strategy 2 Human Capital Resources 4 Reporting Segments 6 Investments 17 Cash Flow 19 Regulation 20 Changing Climate Conditions 21 Enterprise Risk Management 22 1A.

Risk Factors

Risk Factors 23 1B. Unresolved Staff Comments 35 1C . Cybersecurity 36 2.

Legal Proceedings

Legal Proceedings 37 4. Mine Safety Disclosures 37 II 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 37 6. [Reserved] 39 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 40 Introduction 40 Consolidated Financial Highlights 41 Consolidated Results of Operations 42 Outlook for 2024 44 Application of Critical Accounting Estimates 45 Results of Operations by Segment 50 Investment Results 57 Liquidity and Capital Resources 60 Future Adoption of New Accounting Standards 66 Effects of Inflation and Changes in Interest Rates 66 7A.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 66 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 68 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 153 9A.

Controls and Procedures

Controls and Procedures 153 9B. Other Information 156 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 156 III 10. Directors, Executive Officers and Corporate Governance 156 11.

Executive Compensation

Executive Compensation 156 12.

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters 156 13. Certain Relationships and Related Transactions and Director Independence 157 14. Principal Accountant Fees and Services 157 IV 15. Exhibits and Financial Statement Schedules 157 16. Form 10-K Summary 169

Signatures

Signatures 170 PART I

I Business

ITEM 1. I Business Introduction Measures within this Annual Report on Form 10-K that are not based on accounting principles generally accepted in the United States of America (non-GAAP) are marked with an asterisk (*) the first time they are presented within Part I of this Annual Report on Form 10-K. An explanation of these measures is contained in the Glossary of Selected Terms included as Exhibit 99.1 to this Annual Report on Form 10-K and are reconciled to the most directly comparable measures prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) in the Appendix to the Company's Fourth Quarter 2023 Investor Supplement. Forward-looking Information Overview, History and Available Information We are an insurance holding company incorporated in Delaware. Our headquarters is located in Springfield, Ill. We also operate corporate offices in Dallas, Tx., Madison, Wisc., and Cherry Hill, N.J. Founded by Educators for Educators, our business began in Springfield in 1945 when two scho

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View this 10-K filing on SEC EDGAR