What is the 13F Pro Quality Score for HMN?

13F Pro ranks HORACE MANN EDUCATORS CORP /DE/ (HMN) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View HMN's current score at https://13fpro.ai/research/HMN (free sign-up required for the full ranking).

Which hedge funds own the most HMN stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of HMN include BlackRock,, FRANKLIN RESOURCES, VANGUARD PORTFOLIO MANAGEMENT. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/HMN as soon as new 13F filings post.

Where does 13F Pro source HMN data?

All HORACE MANN EDUCATORS CORP /DE/ fundamentals and ownership data come directly from SEC EDGAR. HORACE MANN EDUCATORS CORP /DE/ files with the SEC under CIK 850141. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is HMN in?

HORACE MANN EDUCATORS CORP /DE/ (HMN) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

What drives HMN's revenue?

Per HORACE MANN EDUCATORS CORP /DE/'s latest 10-Q filed with the SEC on 2026-05-08, the biggest revenue drivers are: Net premiums and contract charges earned ($313.0M, +4.9% YoY); Net investment income ($110.7M, -4.5% YoY); Net investment losses ($(2.2)M). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/HMN.

What are HMN's largest expenses?

HORACE MANN EDUCATORS CORP /DE/'s latest 10-Q reports these as the largest expense items: Benefits, claims and settlement expenses ($176.4M, -3.7% YoY); Operating expenses ($103.5M, +14.0% YoY); DAC amortization expense ($32.3M, +9.1% YoY). Sourced directly from SEC EDGAR filing text for Q1 2026 (quarter ended March 31, 2026).

How often is HMN research updated on 13F Pro?

HMN's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

HORACE MANN EDUCATORS CORP /DE/(HMN)Stock Analysis

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13F Pro Quality Score

67.1/100

Rank #482 of 2,879 stocksTOP 25%

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

57.7/100

Profitability

76.7/100

Balance Sheet

44.7/100

Earnings Quality

94.2/100

Free Cash Flow

85.0/100

Institutional Flow

71.0/100

Revenue Scale

59.8/100

Dilution Risk

70.6/100

HMN Stock Analysis & AI Quality Score

AI stock analysis and institutional research for HORACE MANN EDUCATORS CORP /DE/ (HMN), a Financials sector company. 13F Pro's AI-powered ranking engine scores HMN at 67.1/100 on a 32-signal composite quality model, placing it at rank #482 of 2,879 stocks — the top 25% of the AI-ranked universe. HMN scores in the top quartile across earnings quality (94.2), free cash flow (85.0), profitability (76.7). Based on the latest XBRL financial filings (Q1 2026), HORACE MANN EDUCATORS CORP /DE/ reports quarterly revenue of $429.3M, net income of $41.2M, an operating margin of 11.7%. Top institutional holders of HMN by reported 13-F value include BlackRock,, FRANKLIN RESOURCES, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. HMN trades on the NYSE exchange and files with the SEC under CIK 850141. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate HMN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for HORACE MANN EDUCATORS CORP /DE/ directly from SEC EDGAR. HORACE MANN EDUCATORS CORP /DE/'s 13F Pro composite quality score has ranged between 38 and 70 since 2021, currently 67.1 — an improving long-term trajectory across 30 quarterly and live scoring snapshots.

What's Driving HMN's Business? Latest 10-Q Breakdown

✓ 25/25 datapoints verified

AI-extracted from HORACE MANN EDUCATORS CORP /DE/'s 10-Q filed 2026-05-08 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Horace Mann reported Q1 2026 net income of $41.2M (+7.9% YoY), driven by improved Property & Casualty results with lower catastrophe losses and stronger underlying performance.

Biggest Revenue Drivers

Total revenue: $429.3M+3.1% YoY

Net premiums and contract charges earned$313.0M+4.9% YoY

Higher sales in Property business lines and strong growth in Supplemental and Group Benefits

Net investment income$110.7M-4.5% YoY

Decrease primarily due to lower returns from limited partnership funds

Net investment losses$(2.2)M

Includes derivative losses and equity fair value changes

Other income$7.8M+41.8% YoY

Largest Expense Items

Benefits, claims and settlement expenses$176.4M-3.7% YoY

Lower catastrophe losses and underlying losses in P&C; favorable mortality in Life

Operating expenses$103.5M+14.0% YoY

Higher expenses related to Early Retirement Offering in Corporate & Other

DAC amortization expense$32.3M+9.1% YoY

Premium increases in P&C driving higher commission and underwriting expenses

Interest credited$53.8M+1.9% YoY

Under deposit method, reinsured annuity block interest continues to be reported

Margins: The company maintained disciplined underwriting with P&C underlying combined ratio improving to 89.2% from 94.1% YoY, driven by premium increases and lower catastrophe losses. Life & Retirement net interest spread on fixed annuities declined 37 basis points due to lower net investment income and higher credited rates.

Watch Items from the Filing

Property & Casualty combined ratio target of low-to-mid 90s for 2026 with ~$90M catastrophe loss assumption; Q1 2026 saw only $11.3M in catastrophe losses, suggesting potential favorability.
Fixed maturity securities portfolio shows $423.8M gross unrealized losses on $3,985M fair value (3,985 positions); 68.9% of portfolio in unrealized loss position as of March 31, 2026.
Life & Retirement net interest spread compressed 37 bps YoY; limited partnership investment income down 19% YoY, a key earnings driver for the segment.
Company repurchased 421,946 shares for $18.2M in Q1 2026 with $37.4M authorization remaining; dividend of $0.36/share maintained, reflecting capital discipline.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q1 2026

$429.3M

Net Income

Q1 2026

$41.2M

Free Cash Flow

Q1 2026

$61.3M

Operating Margin

Q1 2026

11.7%

D/E Ratio

Q1 2026

0.40

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+12.2% YoY

$1.49BFY 2023

FY19 $1.43BFY20 $1.31BFY21 $1.33BFY23 $1.49B

Net Income

-68.5% YoY

$45.0MFY 2023

FY19 $184.4MFY20 $133.3MFY21 $142.8MFY23 $45.0M

EPS (Diluted)

-73.0% YoY

$1.09FY 2023

FY19 $4.40FY20 $3.17FY21 $4.04FY23 $1.09

Total Assets

-2.8% YoY

$14.05BFY 2023

FY19 $12.48BFY20 $13.47BFY21 $14.46BFY23 $14.05B

Total Debt

+8.6% YoY

$546.0MFY 2023

FY19 $433.0MFY20 $437.3MFY21 $502.6MFY23 $546.0M

Op. Cash Flow

+47.4% YoY

$302.1MFY 2023

FY19 $127.6MFY20 $259.8MFY21 $204.9MFY23 $302.1M

Metric	FY 2023	FY 2021	FY 2020	FY 2019	FY 2017	FY 2016
Revenue	$1.49B +12.2%	$1.33B +1.4%	$1.31B -8.4%	$1.43B +22.1%	$1.17B +3.8%	$1.13B
Net Income	$45.0M -68.5%	$142.8M +7.1%	$133.3M -27.7%	$184.4M +8.8%	$169.5M +102.3%	$83.8M
EPS (Diluted)	$1.09 -73.0%	$4.04 +27.4%	$3.17 -28.0%	$4.40 +7.8%	$4.08 +102.0%	$2.02
Total Assets	$14.05B -2.8%	$14.46B +7.3%	$13.47B +8.0%	$12.48B +11.4%	$11.20B +5.9%	$10.58B
Total Debt	$546.0M +8.6%	$502.6M +14.9%	$437.3M +1.0%	$433.0M +45.6%	$297.5M +20.3%	$247.2M
Operating Cash Flow	$302.1M +47.4%	$204.9M -21.1%	$259.8M +103.6%	$127.6M -50.3%	$256.6M +21.4%	$211.4M

AI Insight: HMN Financial Trends

HMN's revenue growth stalled at ~$430M quarterly run-rate while debt spiked 54% in Q3 2025 before partially reversing.

• Revenue increased from $388M in Q2 2024 to $429M in Q1 2026, representing 11% growth over eight quarters.

• Net income rebounded from $4M in Q2 2024 to $41M in Q1 2026 despite recent volatility.

• Equity strengthened from $1,209M in Q2 2024 to $1,470M in Q1 2026, up 22%.

⚠ Total debt jumped from $548M to $843M in Q3 2025 before declining to $594M in Q1 2026.

⚠ Operating cash flow declined 53% from $131M in Q2 2025 to $61M in Q1 2026.

AI Insight: HMN Ratio Trends

Horace Mann's profitability recovered strongly from Q2 2024's 1.2% operating margin trough, stabilizing around 11% with leverage declining to 0.40 D/E.

• Operating margin surged from 1.2% in Q2 2024 to 11.7% in Q1 2026, indicating robust operational recovery.

• ROE improved dramatically from 1.3% in Q2 2024 to 11.2% in Q1 2026, reflecting enhanced profitability.

• Debt-to-equity ratio decreased from 0.45 in Q2 2024 to 0.40 in Q1 2026, showing deleveraging progress.

⚠ Q3 2025 showed unusual margin spike to 16.3% before normalizing to 11.7% in Q1 2026—monitor for sustainability.

⚠ ROIC peaked at 12.5% in Q3 2025 but moderated to 9.7% in Q1 2026—track consistency going forward.

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Available Research

13F Pro tracks comprehensive data for HORACE MANN EDUCATORS CORP /DE/ including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of HMN

BlackRock, Inc.
$251.6M5,896,194 sh
FRANKLIN RESOURCES INC
$128.0M2,999,476 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$121.3M2,841,684 sh
DIMENSIONAL FUND ADVISORS LP
$93.2M2,184,648 sh
FULLER & THALER ASSET MANAGEMENT, INC.
$84.7M1,985,506 sh
VANGUARD CAPITAL MANAGEMENT LLC
$77.9M1,824,704 sh
STATE STREET CORP
$73.8M1,728,738 sh
EARNEST PARTNERS LLC
$48.1M1,126,831 sh
GEODE CAPITAL MANAGEMENT, LLC
$45.1M1,057,226 sh
AMERICAN CENTURY COMPANIES INC
$41.7M976,233 sh

Fund	Value	Shares
BlackRock, Inc.	$251.6M	5,896,194
FRANKLIN RESOURCES INC	$128.0M	2,999,476
VANGUARD PORTFOLIO MANAGEMENT LLC	$121.3M	2,841,684
DIMENSIONAL FUND ADVISORS LP	$93.2M	2,184,648
FULLER & THALER ASSET MANAGEMENT, INC.	$84.7M	1,985,506
VANGUARD CAPITAL MANAGEMENT LLC	$77.9M	1,824,704
STATE STREET CORP	$73.8M	1,728,738
EARNEST PARTNERS LLC	$48.1M	1,126,831
GEODE CAPITAL MANAGEMENT, LLC	$45.1M	1,057,226
AMERICAN CENTURY COMPANIES INC	$41.7M	976,233

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Is HMN a good stock to buy?

13F Pro's AI-powered analysis of HORACE MANN EDUCATORS CORP /DE/ (HMN) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for HMN are available on the HMN stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own HMN?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling HMN. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of HORACE MANN EDUCATORS CORP /DE/'s investment landscape.